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

Eight 'theme-based townships' in works in Uttarakhand

PNT Reporter

The Uttarakhand government plans to build eight new theme-based townships in the state, with two more sites currently being studied. The government has proposed a city in Parag Farm and another in Doiwala, and 10 out of 20 locations have been shortlisted for development. The projects include a Film City, a Cyber City, a Wellness Township, a Haldwani Twin City, and a Tourism Township. The aim is to draw investment and generate jobs while keeping up with population growth in urban areas.Read more

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Towering buildings in Hyderabad cause gridlock due to lack of traffic impact assessments

PNT Reporter

The failure of civic bodies in Hyderabad to ensure that traffic carrying capacity of a road is assessed before giving permission for a new building has left many residential areas choked under vehicle pressure. Builders are not conducting mandatory Traffic Impact Assessment (TIA) when seeking building permissions, and the Greater Hyderabad Municipal Corporation and other ULBs within Hyderabad Metropolitan Development Authority are not strict about conducting traffic studies. With permissions being given freely, small by lanes are turning into major bottlenecks, causing gridlock and making it difficult for residents to access their homes.Read more

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Delhi's Jama Masjid to undergo a major facelift

PNT Reporter

Delhi's iconic Jama Masjid is set to receive a much-needed facelift as part of a redevelopment plan conceptualized in 2004. The Shahjahanabad Redevelopment Corporation (SRDC) has approved a fresh tender issued by the Public Works Department (PWD) for preparing a detailed project report (DPR) for the mosque's redevelopment, which includes the refurbishment of surrounding areas such as Meena Bazaar, construction of walkways, pedestrian passages, and common utility ducts. The first part of the project will focus on the area around Jama Masjid, while the second part will require a new DPR for revamping the mosque's premises.Read more

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Gurugram's infrastructure stressed by 20,000 new builder-floors in five years

PNT Reporter

Gurugram's infrastructure is under immense pressure as over 20,000 new builder-floors have been constructed since 2017, following the Haryana government's allowance of stilt plus four floors. The city's infrastructure, initially designed for two and a half floors per plot, now faces issues such as water supply problems, broken roads, and power outages. Despite government assurances, residents demand a halt to the registration of fourth floors and call for infrastructure upgrades to manage the strain on civic amenities.Read more

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UP government to start land acquisition for Noida International Airport phase 2 in July

PNT Reporter

The UP government plans to begin the land acquisition process for the second phase of the Noida International Airport in July. Two townships will be established in Falaida Cut and Modal Pur to resettle the impacted villagers. The government requires 230 hectares of land to build the townships, and officials have issued notifications for people to file objections. After addressing objections, compensation will be handed out, and land will be acquired. The resettlement process is estimated to take two years, and families will be given jobs or a one-time payment of Rs 5 lakh. Connectivity will be improved by linking the townships to nearby roads.Read more

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IRB Infrastructure lands a mammoth Rs 7,380 Crore deal for Hyderabad Outer Ring Road Project

PNT Reporter

IRB Infrastructure Developers Ltd. has secured the Hyderabad Outer Ring Road Toll-Operate-Transfer (TOT) project worth ?7,380 crore, which involves a 158-km expressway. The 30-year concession period deal is the second largest in the country, following the Mumbai-Pune Expressway project. This acquisition takes IRB's asset base to over Rs 70,000 crore, bolstering its position as India's largest private player in the TOT space. The company's shares surged 3.2% on the news, reflecting investor confidence in the firm's strategic growth trajectory.Read more

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Kochi Metro Phase-II: Land acquisition underway for 9 new stations

PNT Reporter

The state government of Kerala has released a notice for the acquisition of land for the construction of nine Metro stations as part of Phase II of the Kochi Metro. A social impact assessment is currently being conducted. The new line will showcase environmentally sustainable architecture with minimal design, and its estimated cost is Rs 1957.05 crore. Despite the delay in commencing work, the Agence Française de Développement is expected to provide funding, and it is projected that the second phase of the Kochi Metro will be completed by 2028, serving an additional 150,000 passengers daily.Read more

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Madhya Pradesh Industrial Development Corporation to launch an IT Park in Indore

PNT Reporter

The Madhya Pradesh Industrial Development Corporation (MPIDC) in Indore has announced the construction of a new IT Park on the Crystal IT Park campus. The new IT Park will span approximately 1.10 lakh square meters and will be available for tech firms to lease or rent. It will have a saleable area of approximately 65,000 square meters and the anticipated construction cost is around Rs 393 crore. It will also include additional amenities such as gyms, meditation rooms, and other facilities for the benefit of the employees.Read more

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Delhi HC orders joint task force to combat illegal sand mining along Yamuna River

PNT Reporter

The Delhi High Court has ordered the formation of a joint task force between Delhi and Uttar Pradesh police to address illegal sand mining along the Yamuna River. The court emphasized the environmental impact and urgency of the issue and directed the task force to regularly monitor river banks and ensure proper pickets are posted. The formation of the task force aims to protect fragile ecosystems and enforce stronger regulations to safeguard India's rivers from the consequences of illegal sand mining.Read more

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Sinhasa IT Park to offer 30-year lease on office space, aiming to draw tech companies

PNT Reporter

Sinhasa IT Park, under the Madhya Pradesh State Electronics Development Corporation, aims to attract tech companies by offering 30-year leases on office spaces. The 112-acre technology and business hub feature industrial plots and a four-story building. With plots already allocated to 30 small and medium-sized IT firms, the park plans to initiate online bidding for seven remaining plots in May. In addition to offering long-term leases, the park is developing a plug-and-play facility for ready-to-move-in spaces and exploring improvements in connectivity, infrastructure, educational partnerships, and financial incentives to entice more tech companies to the region.Read more

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