SBI Term Loan: RLLR: 8.15 | 7.25% - 8.45%
Canara Bank: RLLR: 8 | 7.15% - 10%
ICICI Bank: RLLR: -- | 8.5% - 9.65%
Punjab & Sind Bank: RLLR: 7.3 | 7.3% - 10.7%
Bank of Baroda: RLLR: 7.9 | 7.2% - 8.95%
Federal Bank: RLLR: -- | 8.75% - 10%
IndusInd Bank: RLLR: -- | 7.5% - 9.75%
Bank of Maharashtra: RLLR: 8.05 | 7.1% - 9.15%
Yes Bank: RLLR: -- | 7.4% - 10.54%
Karur Vysya Bank: RLLR: 8.8 | 8.5% - 10.65%

Asset class : Infrastructure

After multiple failed attempts, Chandigarh MC rewrites C&D waste tender to draw private bidders

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The Chandigarh Municipal Corporation (MC) has revised the conditions of its construction and demolition (C&D) waste management tender after repeated bidding rounds failed to attract adequate private sector participation. The civic body has eased eligibility norms and modified key tender clauses to improve the project's financial viability and encourage greater competition. The move is aimed at ensuring the smooth operation of the city's C&D waste processing facility, which plays an important role in managing construction debris, promoting recycling and reducing illegal dumping. The revised tender is expected to generate stronger interest from potential operators.Read more

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Fire safety concerns rise in Noida as RWAs demand audit of hotels, PGs and high-rise buildings

Noida News Desk

09 Jun 2026

The Federation of Noida Residents Welfare Associations (FONRWA) has called for a comprehensive fire safety audit of hotels, paying guest accommodations (PGs), high-rise residential towers and commercial buildings across Noida. The demand comes amid growing concerns over fire preparedness and compliance with safety norms in densely populated developments. The federation has urged authorities to inspect fire-fighting systems, emergency exits and evacuation mechanisms, while ensuring strict action against violations. Resident groups believe regular audits and stronger monitoring are essential to improving safety standards and reducing risks in the rapidly expanding urban landscape.Read more

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Vidyavihar, Sion and Mahalaxmi bridge projects face fresh setbacks ahead of monsoon

Mumbai News Desk

09 Jun 2026

• The Vidyavihar Railway Overbridge, Sion East-West Connector and Mahalaxmi East-West Connector have missed revised completion deadlines, delaying expected traffic relief across Mumbai.
• Rehabilitation work, railway modifications and land acquisition issues have pushed the Vidyavihar bridge beyond its June 2026 target.
• The Sion connector awaits steel girder launching by Central Railway, with completion now targeted for mid-August, subject to weather conditions.
• The Mahalaxmi connector has also been delayed and is now expected to be completed by the end of 2026.
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BMC orders probe into alleged misuse of athletes’ rooms at Andheri sports complex

09 Jun 2026

• The BMC has ordered an inquiry into the alleged misuse of 56 rooms meant for athletes at the Shahaji Raje Sports Complex in Andheri West, Mumbai.
• The probe follows allegations that the rooms were leased through an organisation and later sub-leased to a private hospitality operator.
• The controversy has renewed scrutiny of agreements linked to the sports complex’s management.
• Civic authorities will also examine complaints regarding user charges and the operation of facilities within the complex.
Read more

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BMC clears nearly 2,000 illegal structures in six months, easing path for major infrastructure projects

Mumbai News Desk

09 Jun 2026

• BMC removed nearly 2,000 illegal structures across Mumbai in the past six months as part of an intensified anti-encroachment campaign.
• Several demolition drives were carried out in areas affecting major infrastructure works, including the Goregaon-Mulund Link Road and land parcels earmarked for public projects.
• Civic authorities reclaimed significant stretches of public land and initiated measures to prevent fresh encroachments after demolition.
• Officials said the drive is aimed at reducing project delays, improving urban planning and facilitating long-pending transport and civic infrastructure developments.
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I Squared Capital plans INR 5,000 crore India infrastructure fund to tap domestic investors

09 Jun 2026

Global infrastructure investor I Squared Capital is planning to launch an India-focused infrastructure fund with a target corpus of around INR 5,000 crore, marking a strategic push to attract capital from domestic institutional and high-net-worth investors. The proposed vehicle will focus on sectors such as energy, transportation, logistics and digital infrastructure. The initiative comes as local pension funds, insurance companies and family offices increasingly seek exposure to long-term infrastructure assets, reflecting the growing depth of India's alternative investment ecosystem.Read more

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Ghaziabad to crack down on 258 illegal colonies along Hindon River over sewage pollution concerns

09 Jun 2026

• Ghaziabad administration is preparing a large-scale eviction and demolition drive against 258 illegal colonies located along the Hindon River.
• The action follows submissions made before the National Green Tribunal (NGT), which highlighted that these unauthorised colonies were discharging untreated sewage into the river.
• District authorities have directed multiple departments to identify encroachments, verify land records and initiate enforcement measures.
• The drive is aimed at protecting the Hindon River, preventing further encroachment on floodplain areas and improving environmental compliance.
• Officials expect the exercise to strengthen urban planning controls and curb the growth of unauthorised developments in the district.
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Newly opened Mrinal Tai Gore flyover draws flak over road quality

09 Jun 2026

• Mumbai’s newly opened Mrinal Tai Gore flyover has come under scrutiny after commuters reported uneven road surfaces and patchwork repairs within hours of its inauguration.
• The INR 248 crore BMC project is designed to improve connectivity between Goregaon East and Goregaon West and ease traffic congestion.
• Opposition leaders and residents have questioned construction quality, while civic officials have maintained that the issues relate to minor rectification work and do not affect the flyover’s structural safety.
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Telangana picks Singapore's DP Architects for Bharat Future City master plan, blueprint to be ready in 9 months

09 Jun 2026

The Telangana government has selected Singapore-based DP Architects to prepare the master plan for Bharat Future City, a large-scale urban development project being developed under the Future City Development Authority (FCDA). The firm emerged as the lowest bidder among six participants in the tender process and is expected to submit the master plan within nine months. Spread across about 765 sq km, the project aims to create dedicated hubs for life sciences, artificial intelligence, advanced manufacturing, data centres, healthcare, education and residential development, supporting Telangana's long-term economic and infrastructure growth plans.Read more

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Odisha clears INR 3,793 crore investment pipeline

09 Jun 2026

The Odisha government has approved 24 industrial investment proposals worth INR 3,793 crore through the State Level Single Window Clearance Authority (SLSWCA), paving the way for employment opportunities for more than 19,000 people across the state. The projects span sectors including renewable energy, steel and metal downstream industries, electronics and EV components, textiles, tourism, logistics, food processing, chemicals and emerging technologies. The investments will be distributed across 14 districts, reflecting the state's continued push to attract industrial capital and expand manufacturing capabilities. Among the major approvals are a lab-grown diamond manufacturing facility in Khurda and a battery energy storage systems project in Dhenkanal.Read more

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Hyderabad’s growth must balance development with sustainability, says Prosperiti Homes MD

09 Jun 2026

As Hyderabad continues to witness rapid urban expansion through new residential projects, commercial districts and lifestyle destinations, sustainability must become a central consideration in the city’s development trajectory, according to Jaya Pavan Gummadi, Managing Director of Prosperiti Homes. Marking World Environment Day, Gummadi highlighted the need for climate-conscious urban planning that addresses heat management, water conservation, waste handling, green spaces and overall liveability. He also emphasised the role of community engagement in advancing environmental awareness through Positive Planet, a sustainability-focused podcast and content platform. The initiative seeks to bring local experts and practitioners into conversations around responsible consumption, recycling, composting and circular economy practices, while encouraging residents and businesses to adopt environmentally conscious habits in their daily lives.Read more

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Punjab launches free registration drive for 10 lakh construction workers

09 Jun 2026

The Punjab government has launched a statewide campaign to register and revalidate 10 lakh construction workers free of cost, aiming to expand access to welfare benefits and social security schemes. Announced by Chief Minister Bhagwant Mann during a review meeting of the Punjab Building and Other Construction Workers (BOCW) Welfare Board, the initiative will waive all registration and renewal charges for workers. The state plans to organise special registration camps across villages and urban centres to increase enrolment, as only 2.21 lakh workers are currently registered despite extensive construction activity and urbanisation. The drive is intended to improve coverage under welfare schemes, streamline benefit delivery and ensure that a larger segment of the construction workforce receives financial assistance, healthcare support, education benefits and skill development opportunities.Read more

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Deepak Group plants mangroves across 50 acres near Dahej

09 Jun 2026

Deepak Group marked World Environment Day by launching a 50-acre mangrove afforestation initiative along the Paniyadra coastline near Dahej in Bharuch district, Gujarat. The programme brought together company employees, local communities and project teams to plant Avicennia marina, a salt-tolerant mangrove species that plays a vital role in protecting coastal ecosystems. The initiative forms part of the group's corporate social responsibility efforts and is designed as a long-term, community-led restoration programme with ongoing monitoring and ecological stewardship. Alongside the coastal project, the company conducted plantation drives across its manufacturing locations in Gujarat, Maharashtra and Telangana, planting more than 1,500 saplings and organising environmental awareness activities aimed at encouraging employee participation in sustainability and conservation efforts.Read more

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Sikkim’s INR 10,000 crore road push gets fresh momentum

09 Jun 2026

Union Minister of State for Road Transport and Highways Ajay Tamta has reviewed a series of highway and road infrastructure projects across Sikkim, directing officials to accelerate ongoing works and advance upcoming schemes. The review covered national highway upgrades, bypass projects, strategic border roads and connectivity improvements aimed at easing congestion and strengthening links across the Himalayan state. Among the projects assessed were the INR 595 crore Rhenock–Rongli road project and the INR 1,018 crore upgrade of a section of NH-10. The Centre also reviewed progress on the Gangtok Bypass and other strategic corridors, with a focus on timely execution, road safety and improved connectivity to remote and border areas. The exercise forms part of the government’s broader effort to enhance transport infrastructure, tourism access and economic activity in Sikkim.Read more

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Visakhapatnam Port berths cape-sized vessel in inner harbour

09 Jun 2026

Visakhapatnam Port Authority (VPA) has successfully berthed MV Graceous, a 292-metre-long cape-sized bulk carrier, at the EQ-1 berth in its inner harbour, marking a significant operational milestone for the port. The vessel, which has a beam of 45 metres and a draft of 12.2 metres, is among the largest classes of bulk carriers operating globally. The achievement gives Visakhapatnam Port more than one cape-compliant berth, strengthening its ability to handle larger cargo vessels and enhancing overall cargo handling capacity. The development comes as ports across India continue to upgrade infrastructure and operational capabilities to accommodate larger ships and support growing maritime trade volumes.Read more

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Delhi invokes tough measures against illegal construction after hotel fire

09 Jun 2026

The Delhi government has announced a series of stringent measures against unauthorised construction and fire safety violations following a hotel fire in south Delhi that claimed 21 lives. The administration will invoke provisions of the Disaster Management Act, 2005, to hold negligent officials accountable, with penalties including imprisonment and fines. District Magistrates (DMs) will be given expanded powers to identify violations, initiate disciplinary proceedings and oversee enforcement actions. The government has also directed joint inspections of hotels, guest houses, restaurants and other commercial establishments across the capital. The move comes amid a wider crackdown on illegal buildings, with authorities focusing on unsafe structures, unauthorised commercial use and violations of approved building plans.Read more

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Over 1.15 lakh homes and commercial units up for grabs in UP, RERA asks buyers not to rush property purchases

08 Jun 2026

• UP RERA has said that over 1.15 lakh residential and commercial units are currently available for sale across Uttar Pradesh, indicating ample inventory for homebuyers and investors.
• The regulator has advised buyers against making hasty property decisions based on rumours, sales pressure, or expectations of immediate price appreciation.
• Available inventory includes flats, plots, villas, shops, office spaces and other commercial properties across multiple cities in the state.
• UP RERA has urged consumers to verify project details, approvals, construction status and developer information through its portal before investing.
• The advisory comes as Uttar Pradesh continues to witness strong real estate activity, supported by rising project registrations and increasing investments in the sector.
Read more

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BEST’s 22-depot redevelopment plan gets CM push with focus on public interest and employee welfare

08 Jun 2026

The Maharashtra government has directed authorities to prepare a comprehensive redevelopment blueprint for the Brihanmumbai Electricity Supply and Transport (BEST) undertaking, focusing on public welfare, employee interests and Mumbai’s long-term urban development. Chairing a review meeting on the modernisation of BEST bus depots, Chief Minister Devendra Fadnavis said the plan should cover the redevelopment of 22 depots spread across 132 acres, staff housing, public amenities and financial sustainability. The proposal envisages induction of 7,000 buses, EV charging infrastructure, commercial developments and civic facilities under a Public-Private Partnership (PPP) framework. The government has clarified that ownership of BEST land and assets will remain with the undertaking, with projects proposed through long-term lease arrangements and the DBFOT model.Read more

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BKC launches Friday public transport drive for two lakh commuters

08 Jun 2026

The Mumbai Metropolitan Region Development Authority (MMRDA) has introduced a ‘Weekly Public Transport Day’ in Bandra-Kurla Complex (BKC), encouraging nearly two lakh professionals working in Mumbai’s largest business district to use public or shared transport every Friday. Launched in collaboration with WRI India on World Environment Day, the initiative seeks to reduce traffic congestion, lower emissions and improve mobility across the commercial hub. The programme was announced during a roundtable attended by government officials, transport agencies, corporate representatives and mobility experts. A mobility study presented at the meeting revealed that a majority of BKC commuters continue to rely on private vehicles, while daily travel times remain high. The initiative also comes amid expanding metro connectivity in the district.Read more

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LDA Set to Roll Out Three Housing Schemes as Lucknow’s Expansion Gains Pace

08 Jun 2026

• The Lucknow Development Authority (LDA) is preparing to launch three new residential schemes in June to meet growing housing demand across the city.
• The upcoming projects form part of LDA’s broader strategy to support planned urban expansion and create new residential opportunities.
• Naimish Nagar Yojana is among the schemes being positioned to accommodate future population growth in emerging development zones.
• The launch is expected to boost housing supply while strengthening infrastructure-led development across Lucknow’s expanding urban footprint.
Read more

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