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

Infrastructure projects see cost overruns of INR 5.61 lakh crore across 1,941 central schemes

2 hours ago

Infrastructure projects worth over INR 150 crore each have recorded cumulative cost overruns of INR 5.61 lakh crore, according to the latest government data for March 2026. The revised cost of 1,941 central sector projects rose to INR 41.50 lakh crore from an original estimate of INR 35.88 lakh crore. These projects, monitored across 17 ministries, have achieved nearly 48% financial progress. A significant share is in advanced stages, while transport and logistics dominate both project count and investment value. The report highlights ongoing execution alongside newly initiated projects, reflecting a broad pipeline across sectors including energy, urban infrastructure, and water systems.Read more

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Pirojsha Godrej calls for mangrove protection in Mumbai amid development debate

3 hours ago

Pirojsha Godrej has emphasised the need to protect mangroves in Mumbai, stating that the Godrej Group will not develop the mangrove land under its control in Vikhroli. His remarks come amid ongoing debates over infrastructure expansion, including proposed mangrove clearing in Versova. He highlighted the scale of the group’s mangrove holdings and underscored the importance of balancing environmental conservation with urban development. The comments also touched on planning challenges, including floor space index policies, public transport, and the need for structured urban growth. The stance reflects broader tensions between ecological preservation and infrastructure expansion in the city.Read more

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NHAI advances Dehradun bypass project to ease congestion and boost regional connectivity

4 hours ago

The National Highways Authority of India (NHAI) is developing a 12-km, four-lane greenfield bypass in Uttarakhand to improve connectivity with the Delhi-Dehradun Economic Corridor. With around 44 per cent construction completed, the INR 716 crore project is aimed at diverting non-destined traffic away from Dehradun city. The access-controlled highway will serve as an alternate south-western route, linking key industrial and regional hubs. Once operational, it is expected to reduce congestion and pollution while improving connectivity to neighbouring states such as Haryana, Punjab and Himachal Pradesh.Read more

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Saatvik Green Energy acquires 80% stake in Jaipur-based Melcon Transformers

6 hours ago

Saatvik Green Energy has acquired an 80% equity stake in Jaipur-based Melcon Transformers and Electricals Pvt Ltd, strengthening its position in the power value chain. The deal, signed in the past week, marks the company’s entry into transformer manufacturing. Melcon, established in 2005, produces a wide range of transformers catering to industrial and utility needs. The acquisition is expected to improve execution timelines, enhance quality control, and create a more reliable supply chain. This move aligns with Saatvik’s broader strategy to scale its operations in the energy infrastructure segment.Read more

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Azad Engineering opens new Hyderabad facility to support Baker Hughes supply chain

7 hours ago

Azad Engineering has inaugurated a 7,600 sq metre lean manufacturing facility in Hyderabad to strengthen its long-standing partnership with Baker Hughes. The unit, located within its Centre of Excellence, is designed to enhance production scale, speed, and precision. This marks the company’s fourth dedicated facility, reflecting its continued capacity expansion to meet rising global demand across key sectors. The move also highlights Telangana’s growing prominence in precision engineering, supported by strong export growth, MSME participation, and investments from global OEMs.Read more

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Punjab to provide INR 50 lakh home repair aid to 144 weaker section families in Ludhiana

Ludhiana News Desk

8 hours ago

The Punjab government has approved financial assistance of approximately INR 50 lakh to support housing repairs for 144 economically weaker section families in Ludhiana. The aid, routed through the municipal corporation under the Rangla Punjab initiative, will be disbursed to residents in Ward 72, primarily in the Jawahar Nagar camp area. Each beneficiary will receive INR 35,000 to undertake essential repairs, including fixing damaged roofs and structural deficiencies. The move follows field assessments by civic officials and forms part of a broader urban development allocation aimed at improving living conditions in low-income settlements while strengthening basic housing infrastructure in the city.Read more

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Airlines not willing to move operations to Navi Mumbai airport: Air India

9 hours ago

Air India has told the Airports Economic Regulatory Authority that airlines are not ready to shift operations to Navi Mumbai International Airport immediately due to higher tariffs, limited connectivity, and operational challenges. The airline highlighted that running parallel operations across two airports will increase costs and affect efficiency. While the new airport is expected to ease congestion in Mumbai, airlines are likely to adopt a phased approach rather than a full shift. The feedback reflects broader industry concerns around cost structures, infrastructure readiness, and passenger convenience.Read more

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Mumbai coastal road enters next phase with soil filling for open space development

Mumbai News Desk

11 hours ago

The Brihanmumbai Municipal Corporation is set to begin soil filling across nearly 65 hectares of reclaimed land along the Mumbai Coastal Road (South), preparing the area for landscaping. The work will raise ground levels and is expected to be completed before the monsoon. Reliance Industries Ltd, which is handling the development and maintenance of open spaces, had indicated the need for higher ground levels. Once ready, the area will include gardens, promenades, and public amenities, adding significant usable open space in south Mumbai.Read more

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Goa RERA orders Aansav Realty to hand over flat, imposes INR 15 lakh penalty for delay

12 hours ago

The Goa Real Estate Regulatory Authority (RERA) has directed Aansav Realty & Infrastructure to hand over possession of a flat in Varca and imposed a penalty of INR 15 lakh for delayed delivery and unlawful cancellation of allotment. The order relates to a 2015 booking valued at approximately INR 53 lakh, where the buyer had already paid a substantial portion of the consideration. RERA has instructed the developer to execute the sale deed and complete possession within a stipulated timeline. The ruling reinforces regulatory scrutiny on project delays and cancellation practices, underscoring the authority’s role in protecting homebuyer interests and ensuring adherence to contractual commitments in the residential sector.Read more

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Maharashtra dismantles Smart City SPVs, shifts project control to municipal corporations

13 hours ago

The Maharashtra government has dismantled Special Purpose Vehicles (SPVs) set up under the Smart Cities Mission across eight cities, transferring control of projects, assets and governance to municipal corporations. The move follows the conclusion of the Centre-backed mission and the cessation of central funding support. Municipal commissioners will now assume the role of chief executives of the erstwhile SPVs, with all assets to be integrated into civic bodies. The transition raises concerns around administrative capacity, employee displacement and the completion of ongoing projects, while marking a structural shift from SPV-led execution to conventional urban governance frameworks.Read more

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Thane ring metro brought under PMO monitoring to fast-track execution

14 hours ago

The Thane Integral Ring Metro project has been placed under direct monitoring of the Prime Minister’s Office through the PRAGATI platform to improve execution and resolve delays. A recent review involving central, state and local authorities assessed progress, with another review scheduled for April 29. The 29-km corridor, estimated at around INR 12,000–12,200 crore, aims to improve intra-city connectivity and reduce road congestion. While construction activity has started in parts, concerns related to environmental impact, alignment changes and lack of public consultation continue to be raised by residents and political groups.Read more

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Bengaluru enables instant online access to e-khata records for property owners

Bangalore News Desk

15 hours ago

Bengaluru’s civic authorities have introduced an online system enabling property owners to instantly access and download e-khata documents using their SAS property tax identification. The initiative, rolled out through the e-Aasthi platform, covers nearly 13 lakh properties and aims to streamline property documentation by reducing reliance on physical processes. The e-khata, a critical document for property tax payments, ownership verification, and transactions, can now be generated within minutes through OTP-based authentication. While the move is expected to improve transparency and reduce intermediary dependence, authorities have clarified that the digitally issued records remain provisional until further compliance steps are completed.Read more

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Bihar clears satellite townships, tech hub on urban expansion push

15 hours ago

The Bihar Cabinet has approved a set of proposals to develop satellite townships, establish a technology hub and modernise Industrial Training Institutes (ITIs), aimed at supporting urban expansion and economic growth. The plan includes the development of 11 greenfield satellite townships to ease pressure on existing cities and promote planned urbanisation. The government has also cleared the creation of a technology hub to strengthen the state’s IT ecosystem and generate employment. Alongside, ITIs will be upgraded to improve skill development and workforce readiness. The decisions reflect a coordinated approach to urban planning, infrastructure development and skill enhancement, as Bihar looks to attract investment and improve its industrial and employment landscape.Read more

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Karnataka Housing Board’s Amargol colony set to get essential amenities soon

28 Apr 2026

Residents of the Karnataka Housing Board’s Amargol Phase 2 Colony in Hubballi have been assured that long-pending civic amenities are likely to be provided soon after legal and administrative movement around the colony’s transfer to the municipal corporation gained momentum. The process, which had been stalled for years due to issues between KHB and HDMC over payment and handover formalities, has now progressed following a court directive involving settlement of dues. Once the transfer is completed, basic infrastructure such as roads, drainage, water supply, and street lighting is expected to be developed by the civic body.Read more

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TotalEnergies to invest USD 1.2 billion in Kazakhstan wind and storage project

28 Apr 2026

TotalEnergies has announced an investment of USD 1.2 billion in an onshore wind and battery energy storage project in Kazakhstan. The project, named Mirny, will combine 1 GW of wind capacity with 600 MWh of storage and is designed to supply electricity to around 1 million people. It is planned to reach full capacity by 2029 and will operate under a long-term agreement to sell power to the government. A large part of the funding is being arranged through an international banking consortium, supporting Kazakhstan’s renewable energy targets.Read more

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Jaipur civic body clears road encroachments to ease congestion and improve pedestrian access

28 Apr 2026

The Jaipur Municipal Corporation has intensified enforcement action against road encroachments across key urban corridors, targeting illegal structures and unauthorised vendors occupying carriageways and footpaths. The drive, conducted across multiple locations in the city, aims to reduce traffic congestion and improve pedestrian safety. The initiative forms part of a broader urban management strategy focused on maintaining road infrastructure and ensuring unobstructed movement. Authorities have indicated that the action will continue through regular monitoring and enforcement measures to prevent re-encroachment. The development comes amid ongoing concerns around traffic bottlenecks and the need for sustained civic intervention across Jaipur’s road network.Read more

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Aldar sees strong response with over AED 800 million sales at Yas Park Place

28 Apr 2026

Aldar Properties reported strong initial demand for its Yas Park Place development, with over AED 800 million in sales generated from the launch phase. Around 80% of the released units were sold soon after launch, reflecting continued buyer interest in Abu Dhabi’s residential market. The project is located on Yas Island, a key growth hub known for its lifestyle offerings and infrastructure. The performance aligns with Aldar’s recent trend of high absorption rates across new launches, supported by both end-user demand and investor activity in the UAE’s real estate sector.Read more

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Mumbai Metro Line 6 achieves key engineering breakthrough with 42 metre steel span over Western Railway corridor

28 Apr 2026

The Mumbai Metropolitan Region Development Authority has progressed work on Mumbai Metro Line 6 with the completion of a key engineering task involving a 42 metre steel composite span over the active Western Railway corridor near Jogeshwari. The project corridor spans 14.5 km with 13 stations and forms part of the Pink Line, with civil work currently about 87.7% complete. The execution included construction of a critical pier between live railway tracks and precision installation of a heavy steel structure using high-capacity cranes within a limited railway block, without affecting train operations.Read more

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Rajasthan to upgrade 14 highways under World Bank-backed programme

28 Apr 2026

The Rajasthan government is set to upgrade 14 state highways under a World Bank-funded programme aimed at improving connectivity, safety and logistics efficiency across key economic corridors. The initiative forms part of the Rajasthan Highway Modernisation Project, supported by USD 225 million in financing. The programme will cover multiple highway stretches, contributing to the upgrade and maintenance of around 800 km of road network. It is expected to benefit more than 3 million people while supporting sectors such as agriculture, mining, industry and tourism. The project also focuses on climate-resilient infrastructure and institutional strengthening of the state highway authority, reflecting a shift towards performance-based road management.Read more

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Delays in road overbridge works worsen traffic congestion in Thiruvananthapuram

28 Apr 2026

Ongoing delays in road overbridge (ROB) construction across Thiruvananthapuram have intensified traffic congestion at multiple railway crossings. While one bridge has been completed, several key projects remain pending, affecting both road commuters and train operations. These overbridges are part of a broader railway infrastructure upgrade, including line doubling works, but progress has been uneven. Incomplete structures have forced continued reliance on level crossings, leading to frequent traffic halts and longer travel time. Authorities have indicated that the remaining works will be taken up in phases, though timelines are still unclear.Read more

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