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

Digital Realty launches first Barcelona data center with 14 MW planned capacity

37 minutes ago

• Digital Realty has opened its first data center in Barcelona, expanding its presence across the Mediterranean region.
• The new facility will have a planned capacity of 14 MW to support growing digital infrastructure demand.
• The Barcelona data center is expected to cater to rising requirements for cloud computing, AI workloads, and data storage services across Southern Europe.
• Barcelona is emerging as an important connectivity hub due to its subsea cable links and improving digital ecosystem.
• The expansion strengthens Digital Realty’s European network strategy as demand for large-scale data centers continues to rise globally.
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100 acres near SGNP marked for reservation in Thane planning proposal

1 hour ago

The Thane Municipal Corporation (TMC) has earmarked nearly 100 acres of land linked to the Sanjay Gandhi National Park (SGNP) under its draft planning proposals, drawing concerns from environmental groups and forest authorities. The land has reportedly been proposed for public-use and green infrastructure purposes as part of the city’s development framework. The move comes amid continuing legal and policy discussions around forest land, rehabilitation planning and development activity near SGNP, where urban expansion and infrastructure growth have increasingly intensified land-use pressures.Read more

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Vidyavihar east-west flyover nears completion after decades of delay

Mumbai News Desk

3 hours ago

• BMC has set a June 2026 deadline to open the long-delayed Vidyavihar east-west flyover in Mumbai.
• The 650-metre flyover will connect LBS Marg and Ramkrishna Chemburkar Marg over Vidyavihar railway station.
• The project has faced repeated delays due to encroachments, construction hurdles and tree-cutting approvals.
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J Kumar Infraprojects reports 4% decline in Q4 profit, income slips marginally

4 hours ago

• J Kumar Infraprojects Ltd reported a 4 per cent decline in consolidated net profit to INR 109.6 crore for the quarter ended March 2026.
• The company had posted a consolidated net profit of INR 114.2 crore in the corresponding period last year.
• Consolidated income during the quarter fell marginally to INR 1,616.5 crore from INR 1,642.6 crore a year ago.
• The board recommended a dividend of INR 4 per equity share for FY26, subject to shareholder approval at the upcoming Annual General Meeting.
• J Kumar Infraprojects continues to focus on metro, tunnelling, irrigation, and other complex infrastructure projects across India.
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India’s first undersea bullet train tunnel moves closer as giant TBM cutterhead lowered in Mumbai

6 hours ago

The Mumbai-Ahmedabad Bullet Train project has achieved a major construction milestone with the lowering of the first Tunnel Boring Machine cutterhead at Vikhroli in Mumbai. The 13.6-metre-diameter cutterhead forms part of two TBMs being assembled for excavation of a 16 km underground tunnel section, including India’s first undersea rail tunnel beneath Thane Creek. Each TBM weighs over 3,000 tonnes and is designed to construct a single tunnel carrying both high-speed rail lines.The cutterhead, weighing around 350 tonnes, has been fitted with 84 cutter discs, 124 scrapers and 16 bucket lips for excavation and muck removal operations. The machine will tunnel nearly 6 km from Vikhroli to Bandra Kurla Complex beneath dense urban areas and the Mithi river, with multiple monitoring systems being deployed to ensure structural and excavation safety during construction.Read more

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West Bengal clears transfer of seven national highway stretches to NHAI and NHIDCL

7 hours ago

• The West Bengal government has granted in-principle approval for handing over seven national highway stretches to National Highways Authority of India and National Highways and Infrastructure Development Corporation Limited.
• The decision is expected to revive long-pending infrastructure works on strategic road corridors that were awaiting formal transfer from the state Public Works Department.
• Key stretches include NH-312 connecting multiple districts up to the India-Bangladesh border, along with portions of NH-31 and NH-33 in West Bengal.
• Several northern corridors linking Sikkim, Bhutan and Bangladesh, including routes in Kalimpong, Darjeeling and Jaigaon, will now be developed by NHIDCL.
• The move is aimed at accelerating national highway development, improving cross-border connectivity and easing execution delays that had persisted for nearly a year.
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Rajasthan inaugurates first semiconductor cluster in Bhiwadi with focus on industrial expansion

8 hours ago

• Bhajanlal Sharma inaugurated Rajasthan’s first semiconductor cluster at Bhiwadi and highlighted the state government’s push to strengthen industrial investment through 35 sectoral policies introduced over the past two years.
• The project forms part of a broader industrial expansion strategy covering semiconductors, electronics manufacturing, renewable energy and infrastructure development across Rajasthan.
• The Bhiwadi electronics manufacturing cluster involves an investment of INR 1,200 crore and is expected to create employment opportunities for around 2,500 people.
• The event also included inauguration and foundation laying ceremonies for multiple projects in Khairthal-Tijara district, including the Elsina Electronics Complex and a 34 MLD sewage treatment plant.
• Union ministers Ashwini Vaishnaw and Bhupender Yadav attended the programme virtually and outlined the Centre’s focus on semiconductor and electronics manufacturing growth.
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Ganesh Housing launches IT SEZ project in Ahmedabad after 18-year wait

10 hours ago

Ganesh Housing Corporation has launched Million Minds Tech City, an IT Special Economic Zone (SEZ) project in Ahmedabad, nearly 18 years after the original land allotment process began. The proposed development is aimed at attracting Global Capability Centres (GCCs), technology companies and innovation-led businesses to Gujarat. Planned as a large integrated commercial hub, the project is expected to strengthen Ahmedabad’s position in India’s office leasing market as cities beyond Bengaluru and Hyderabad increasingly compete for technology and back-office investments from multinational occupiers.Read more

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BMC invites proposals for integrated construction and demolition waste management portal

Mumbai News Desk

11 hours ago

The Brihanmumbai Municipal Corporation has invited bids to appoint a technology agency for development and operation of an integrated Construction and Demolition (C&D) Waste Management Portal across Mumbai. The proposed platform will integrate mobile applications, a web portal and existing BMC systems including AutoDCR, GIS and financial databases to streamline waste tracking, approvals and monitoring. The selected agency will handle platform development, cybersecurity compliance, API integration, cloud hosting and long-term operations and maintenance. BMC stated that the system is intended to enable real-time data synchronisation, grievance tracking and improved regulatory oversight across departments.Read more

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NDMC offers 50% parking rebate for EVs across Lutyens’ Delhi facilities

18 hours ago

• New Delhi Municipal Council has announced a 50% rebate on parking charges for electric vehicles across its parking facilities in Lutyens’ Delhi as part of a wider green mobility initiative.
• The civic body has also launched shuttle bus services for employees from multiple residential colonies beginning May 15 to reduce private vehicle dependence and fuel consumption.
• The measures were approved during a meeting chaired by NDMC vice chairman Kuljeet Singh Chahal amid concerns around fuel conservation, environmental protection and sustainable urban mobility.
• NDMC has additionally decided not to procure new petrol, diesel or CNG vehicles for one year and will encourage metro use, carpooling, cycling and shared mobility among employees.
• The council plans to expand shuttle connectivity to 14 additional residential areas while also strengthening e-rickshaw and e-auto connectivity for last-mile access.
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MMRDA flags INR 4,973 crore funding gap amid dispute with BMC over metro project support

Mumbai News Desk

19 hours ago

The Mumbai Metropolitan Region Development Authority has flagged a funding gap of around INR 4,973.07 crore for ongoing metro infrastructure works, intensifying a financial dispute with the Brihanmumbai Municipal Corporation over development charge-linked support. State government documents show that MMRDA is relying on contributions from local bodies, including BMC’s 1 per cent development charge collections, to fund Metro Line 9 and Line 7A civil works. The documents also outline rising capital expenditure commitments and funding pressures across multiple transport projects managed by MMRDA amid continued metro and regional infrastructure expansion in the Mumbai Metropolitan Region.Read more

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DDA identifies 14 transit-oriented development parcels along metro corridors to expand affordable housing supply in Delhi

Delhi News Desk

20 hours ago

The Delhi Development Authority (DDA) has identified 14 land parcels across metro-linked corridors in Delhi for transit-oriented development (TOD) projects aimed at increasing affordable and mixed-use housing supply within the Capital. Spread across locations including Karkardooma, Dwarka, Rohini, Peera Garhi and Shahdara, the sites collectively cover more than 300,000 square metres and are expected to support high-density residential, commercial and institutional developments near public transport infrastructure. The move follows the notification of revised TOD regulations by the Centre and the Delhi government in the past month, extending TOD norms across nearly 207 sq km in Delhi. The authority is also seeking private sector participation for the projects as it attempts to curb outward residential migration to NCR cities and promote compact urban growth around metro corridors.Read more

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BMC revives Mahim–Bandra East flyover project to ease western corridor congestion

Mumbai News Desk

21 hours ago

• BMC has revived the long-pending Mahim–Bandra East flyover project to reduce congestion along the Western Express Highway and nearby arterial roads.
• The proposed INR 220.17 crore flyover will connect Fishermen Colony in Mahim to Bandra East near the Kalanagar flyover through an elevated corridor over the Mithi River.
• The project had remained stalled for nearly three years after failed tenders in 2022 and 2023, and is expected to improve connectivity between Mahim, Bandra East, SV Road, the Bandra-Worli Sea Link and WEH.
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Dharavi rehabilitation authority links upper-floor eligibility to ground-floor documentation status

Mumbai News Desk

19 May 2026

The Dharavi Redevelopment Project authorities have clarified that eligibility for rehabilitation of upper-floor occupants in Dharavi will depend on the eligibility status and documentary records of the corresponding ground-floor structures. The clarification comes amid ongoing surveys and scrutiny of residential and commercial units under the large-scale redevelopment initiative in Mumbai. Officials stated that upper-floor tenements constructed above ground-floor units would not be treated as independently eligible unless supported by valid documentation tied to the original authorised structure. The decision forms part of the broader verification process being undertaken by authorities to identify eligible beneficiaries for rehabilitation housing. The redevelopment project, being implemented through a special purpose vehicle with participation from the Maharashtra government and private developers, involves one of the country’s largest urban renewal exercises covering densely populated informal settlements and mixed-use structures across Dharavi.Read more

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Signature Global plans INR 3,500 crore investment in land acquisition and construction during FY27

19 May 2026

• Signature Global plans to invest around INR 3,500 crore during FY27 towards land acquisition and construction activities, primarily in the Gurugram region.
• The company has earmarked nearly INR 2,000 crore for construction and INR 1,000-1,500 crore for land purchases as it expands its residential and commercial portfolio.
• Chairman Pradeep Aggarwal said the Gurugram housing market witnessed some softness during the second half of FY26 but expressed confidence about demand recovery this fiscal year.
• Signature Global has set a sales bookings target of INR 10,000 crore for FY27, reflecting an expected 21% annual growth supported by new project launches and existing inventory sales.
• The company recently partnered with Italian lifestyle brand Tonino Lamborghini for a luxury housing project in Gurugram with an estimated investment of nearly INR 2,900 crore.
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Amaravati speeds up canal and flood control works ahead of monsoon

19 May 2026

The Amaravati Development Corporation has stepped up flood control and canal modernization works ahead of the monsoon season. ADC Chairperson and Managing Director D. Lakshmi Parthasarathy inspected key bridge and canal works linked to Kondaveeti Vagu and Palavagu across several parts of Amaravati. During the inspection, officials were instructed to prevent soil accumulation near bridge pillars and improve water flow capacity in vulnerable areas. Concerns were raised over incomplete excavation depth near the Western Bypass, following which ADC coordinated with National Highways officials for corrective measures. Canal modernization works in nearby villages are also being expedited to strengthen drainage infrastructure.Read more

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MMRDA completes complex foot over bridge work at Brahmand Junction

19 May 2026

The Mumbai Metropolitan Region Development Authority has completed a major phase of a foot over bridge project connecting Brahmand Junction and the Tikuji Ni Wadi Metro Station on Ghodbunder Road. Executed under difficult site conditions with an operational Metro viaduct overhead and heavy traffic movement below, the project involved the installation of four large steel girders measuring nearly 60 metres each. The operation required heavy-duty cranes, multi-axle carriers, and a team of over 60 engineers and workers. The authority said the work reflects the growing focus on integrated urban transport infrastructure and safer pedestrian connectivity in the Mumbai Metropolitan Region.Read more

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CIDCO, AIEF form SPV for Africa India development zone in Navi Mumbai

19 May 2026

• City and Industrial Development Corporation (CIDCO) and Africa India Economic Foundation (AIEF) have signed an agreement to establish a Special Purpose Vehicle (SPV) for the proposed Africa India International Development Zone in Navi Mumbai.
• The project will be developed on a 20-acre land parcel within the International Corporate Park at Kharghar and aims to strengthen India-Africa trade and investment engagement.
• Under the approved structure, AIEF will hold a 74% stake in the SPV, while CIDCO will retain the remaining 26%.
• The proposed development will include office spaces for 54 African nations, a convention centre, cultural retail facilities and diplomatic infrastructure linked to trade and business engagement.
• Maharashtra government officials stated that the project is expected to become operational within five to six years and will benefit from proximity to the upcoming Navi Mumbai International Airport and JNPA port.
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Demolition of Haji Noorani Chawl begins for Sewri-Worli elevated corridor project

Mumbai News Desk

19 May 2026

• Demolition and evacuation work has commenced at Haji Noorani Chawl in Prabhadevi, removing a key obstacle for the Sewri-Worli Elevated Corridor project.
• The structure was among the final pending land clearances required for the Mumbai Metropolitan Region Development Authority’s east-west connector.
• Residents have begun shifting to rehabilitation units after prolonged discussions over alternate accommodation, compensation and possession-related concerns.
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Himachal Pradesh orders probe into alleged RERA irregularities

19 May 2026

• Himachal Pradesh Chief Secretary Sanjay Gupta has directed the State Vigilance and Anti-Corruption Bureau to investigate alleged irregularities linked to real estate projects registered under the state’s RERA framework.
• The investigation will examine Joint Development Agreement (JDA) projects and possible violations of Section 118 of the Himachal Pradesh Tenancy and Land Reforms Act, 1972, which restricts land purchases by non-agriculturists.
• Authorities have been given 15 days to submit relevant records and documents relating to project approvals, promoter financial capability assessments and land transactions.
• The order follows allegations surrounding land agreements between local farmers and non-agriculturists, alongside concerns over whether regulatory due diligence requirements were adequately followed by the state’s RERA authority.
• The development comes amid heightened scrutiny of real estate regulation in Himachal Pradesh, including ongoing legal and political attention around land transactions and RERA functioning in the state.
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