Good morning, Bengaluru!
🌧️ Today’s weather: A couple of spells of rain are expected.
🧐 Did you know? The Meteorological Centre in Bengaluru gathers daily rainfall data in real-time from 300 rain gauge stations and comprehensive climatological data from 32 weather stations.
🏗️ Double-decker flyovers soon
There are plans to construct double-decker flyovers integrating metro and road traffic to alleviate congestion in the city.
What’s it about? Deputy Chief Minister DK Shivakumar has initiated a plan to construct double-decker flyovers in Bengaluru, integrating both metro rail and road traffic. This strategy aims to alleviate the city’s chronic traffic congestion.
- The proposal includes the development of flyovers along metro rail routes, especially in areas where metro construction is yet to begin, following the model of the pilot project at Silk Board Junction.
- The BBMP and Bangalore Metro Rail Corporation Ltd will jointly fund these double-decker flyovers.
Other ideas: Additional plans include building roads in the buffer zones of stormwater drains to improve city traffic and prevent flooding.
⚡ Deadline for OFC cleanup
The state government has set a deadline to remove unruly OFC cables from pavements in Bengaluru’s CBD.
What’s it about? Energy Minister KJ George has issued a 15-day ultimatum for the removal of unruly Optical Fibre Cables (OFC) in Bengaluru’s Central Business District (CBD), following a fatal electrical accident near Hope Farm. This directive aims to address the safety hazards posed by improperly managed cables on footpaths and other public spaces.
- The government threatens to cut cables not moved into designated ducts, emphasizing public safety.
- Plans for an alternate OFC system are underway, involving discussions with BBMP and stakeholders.
Urgent action needed: The recent tragedy has heightened public concern over the dangers of dangling wires, sparking demands on social media for immediate governmental action. This initiative reflects a broader effort to enhance urban safety and infrastructure management in the city.
💰 Scapia’s funding milestone
Fintech startup Scapia raises $23 million in Series A funding.
What’s it about? Scapia, a Bengaluru-based fintech startup, has successfully secured $23 million in Series A funding. This significant capital injection is earmarked for expanding the company’s customer base, adding more banking partners, and enhancing its product offerings.
- The funding was led by Elevation Capital and 3STATE Ventures, with participation from Matrix Partners India and Tanglin Venture Partners.
- This financial boost positions Scapia to further its growth in the fintech sector and solidify its presence in the market.
Travel credit card: This funding round marks a pivotal moment for Scapia, enabling it to scale up operations and potentially transform the travel credit card industry with its innovative solutions.
🛋️ New venture of MANA Projects
MANA Projects plans to develop luxury housing in Bengaluru.
What’s it about? MANA Projects, a Bengaluru-based realty firm, announced an investment of about ₹500 crore to develop a luxury housing project named ‘MANA Dale’ on Sarjapur Road. The project, spanning 6.39 acres, will consist of 680 flats and is expected to be completed in four years.
- The project reflects a rising demand for premium properties in the city.
- Housing sales in Bengaluru have surged, with a 29% increase recorded in the July-September period compared to last year.
Increasing sales: This investment aligns with the recent uptrend in the real estate market, particularly in premium housing, as evidenced by Anarock’s data on increasing housing sales across major cities.
📊 Today’s Poll
(Only subscribers can participate in the polls)
Which park do you like more – Lalbagh Botanical Garden or Cubbon Park?
- I like Lalbagh more than Cubbon Park.
- I like Cubbon Park more than Lalbagh.
❓ Today’s Question
(Only subscribers can submit their answers)
Which state in India would you like to visit for a vacation?
Reply to this email with your answers.
🗞️ In other news…
- Schneider Electric has opened a $1.7 million battery lab in Bengaluru.
- A prototype coach for Bengaluru metro’s Yellow line was unveiled in China recently.
- Technical issues in the Gruha Lakshmi Scheme will hopefully be resolved by the end of this month.
- More rainfall is expected over the next couple of days in the city.
- 67 large trees will be axed along the inner ring road in Koramangala to make way for the Ejipura flyover.
🛋️ Local Lounge
Yesterday’s Poll:
- I have eaten exotic meats: 50.0% 🏆
- I haven’t eaten exotic meats: 50.0% 🏆
That’s it for today. Have a great day!