Kotak Mahindra Bank: RLLR: 0.75 | From: 8.7% - To: 10.5%
Union Bank of India: RLLR: 0.5 | From: 8.5% - To: 10%
Bank of Baroda: RLLR: 0.5 | From: 9.25% - To: 11%
HDFC Bank: RLLR: 0.75 | From: 8.5% - To: 8.8%

Infrastructure News

Thiruvananthapuram Infrastructure: Technopark to issue tender for INR 381 crore QUAD project

Technopark is set to issue a tender for the QUAD project this month, developing 8.5 lakh sq ft of IT space in Phase-IV, Pallipuram, with an investment of INR 381 crore. Initially planned as a co-developer model, Technopark will now execute the project independently due to a lack of bidders. The 5.5-acre facility is expected to generate 6,000 IT jobs upon completion. The QUAD project is part of a larger 40 lakh sq ft integrated township, incorporating residential, commercial, and institutional spaces. With construction set to begin soon, the initiative aims to strengthen Thiruvananthapuram's IT ecosystem.Read more

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Mumbai-Pune "missing link" project sees new deadline of August 2025

The Mumbai-Pune "missing link" project, expected to complete by August 2025, is aimed at improving the Mumbai-Pune Expressway by reducing the distance between the two cities and cutting travel time by 30 minutes. The project, costing INR 6,600 crore, has faced multiple delays due to engineering challenges and the difficult terrain. Key components like tunnels and viaducts are in place, with ongoing work on the second viaduct. The project is designed to enhance safety and reduce accidents, particularly in the hazardous ghat section, while also addressing seasonal disruptions caused by falling debris.Read more

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Goa: Mormugao Port struggles to attract investors for land and warehousing projects

The Mormugao Port Authority (MPA) is struggling to generate new revenue streams, as recent efforts to lease out land and facilities have failed to attract investors. Despite plans to lease 50,000 square meters for warehousing and a hotel, along with proposals to outsource a school, hospital, and administrative building, no bids have been received. Declining revenue from Goa's halted iron ore mining has further impacted the port's financial stability. MPA is now reviewing its pricing structure and seeking investor engagement to monetize assets and fund infrastructure upgrades. Success in attracting investment will be key to revitalizing operations and ensuring long-term sustainability.Read more

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Kerala's IT sector sees growth as TCS and IBM expand operations in Kochi

Tata Consultancy Services (TCS) is set to develop a 37-acre campus at the Kinfra Electronics Manufacturing Cluster in Kochi, an INR 690 crore investment expected to generate 10,000 jobs. Additionally, TCS is seeking 5,000 seats at InfoPark, Kochi, to address immediate operational needs. The Kerala government is facilitating TCS's expansion and reclaiming 246 acres from the stalled Smart City project in Kakkanad for IT firms. Other IT giants like IBM have also expanded in Kochi, with IBM launching India's largest GenAI Innovation Centre. These developments underscore Kerala's rising prominence as an IT hub, attracting major firms and boosting employment opportunities in tier-2 cities.Read more

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MMR: Vasai demolition drive intensifies as civic body targets 41 illegal structures

The Vasai Virar City Municipal Corporation (VVCMC) has demolished 16 illegal buildings in Agarwal Nagar, Vasai East since November, with four more razed this week. These structures were built on reserved public and private land. Despite crackdowns across Mumbai Metropolitan Region (MMR), builders escape accountability, misleading buyers into purchasing unauthorised properties. Skyrocketing real estate prices push buyers toward such housing, worsened by regulatory gaps and selective enforcement. While VVCMC's actions reclaim land, displaced families suffer, raising concerns over builder impunity and weak regulations. Stronger laws, buyer awareness, and better urban planning are urgently needed.Read more

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Mumbai Infrastructure: MMRDA to demolish 125-year-old Elphinstone Road Over Bridge for Sewri-Worli Connector

Motorists in central Mumbai, particularly in Parel, should prepare for significant traffic disruptions as the Mumbai Metropolitan Region Development Authority (MMRDA) gears up to demolish the 125-year-old Elphinstone Road Over Bridge. The demolition, expected to begin in the last week of February, is essential to facilitate the construction of the Sewri-Worli Connector and to enhance the bridge's dimensions. The 4.5-km-long connector will serve as a signal-free link between the Bandra-Worli Sea Link and the Mumbai Trans Harbour Link (Atal Setu), drastically cutting travel time between Sewri and Worli. Although the bridge's closure is imminent, authorities have yet to finalise the reconstruction timeline. The completion of the Sewri-Worli Connector is targeted for early 2026.Read more

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Mumbai: BMC plans INR 100 crore bird park in Mulund to ease overcrowding at Byculla Zoo

To ease overcrowding at Byculla Zoo, the Brihanmumbai Municipal Corporation (BMC) plans to establish a bird park in Mulund West. The proposed INR 100 crore facility, spanning four acres, has received provisional approval from the Central Zoo Authority (CZA) and is pending state approval. Designed as an extension of Byculla Zoo, it will house 24 exotic bird species, including black swans, macaws, ostriches, and hornbills. The park will feature themed enclosures, an educational space, and a dedicated healthcare facility for birds. This initiative aims to enhance urban wildlife management, promote avian conservation, and support eco-tourism in Mumbai.Read more

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Indore Infrastructure: IMC identifies 6,000 structures for removal in major infrastructure projects

The Indore Municipal Corporation (IMC) is undertaking 22 major road and riverside projects but faces a crisis in relocating 6,000 affected families, with only 200 flats available. Of 2,875 structures marked for road expansion, only 5-7% will be fully demolished. The IMC has received INR 511 crore under the National Mission for Clean Ganga for river rejuvenation, requiring the removal of nearly 3,000 homes. While 1,047 PMAY flats are under construction, additional housing solutions are being explored. The challenge underscores the city's struggle to balance infrastructure growth with housing needs, prompting calls for better relocation planning.Read more

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Hyderabad's tech sector to grow with proposed IT parks and infrastructure upgrades

The Telangana government is planning two new IT parks to expand Hyderabad's tech footprint, similar to HITEC City. IT Minister D. Sridhar Babu announced a land allocation policy to prioritize investments generating jobs. A location study is underway, with a focus on connectivity and infrastructure. Dew Software has committed INR 100 crore for a facility creating 900 jobs. With global tech giants already established in the city, the new parks aim to attract further investment and reinforce Hyderabad's position as a leading IT hub. The initiative is expected to generate thousands of jobs and drive economic growth.Read more

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Navi Mumbai Municipal Commissioner conducts surprise bicycle inspection of roads

In an ongoing effort to enhance Navi Mumbai's cleanliness, Municipal Commissioner Dr. Kailash Shinde recently led an extensive cleanliness campaign across the city's eight divisions. Special attention was given to minimising air pollution by clearing accumulated dust from roads, footpaths, and dividers. Dr. Shinde personally conducted an unannounced inspection of the Airoli division, travelling by bicycle to assess the ground reality more effectively. During his visit, he issued directives to improve cleanliness, remove encroachments, and enhance green spaces. Senior officials from various departments accompanied him, ensuring swift implementation of his instructions.Read more

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