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

Thane–Borivali tunnel excavation begins with TBM Nayak launch

Mumbai News Desk

09 Apr 2026

The Thane-Borivali twin tunnel project has entered the execution phase with the launch of tunnel boring machine Nayak in Thane. The 11.84 km underground corridor, being developed by the Mumbai Metropolitan Region Development Authority, aims to cut travel time between the two locations to about 15 minutes. While tunnelling has started from the Thane end, work at the Borivali side is facing delays due to pending rehabilitation. The project involves complex construction beneath Sanjay Gandhi National Park and is targeted for completion by 2028.Read more

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Road ministry extends national highway construction timelines up to six years to reflect project complexities

09 Apr 2026

The Ministry of Road Transport and Highways has revised construction timelines for national highway projects, extending the maximum duration to up to six years based on project complexity, cost, terrain, and structural requirements. The updated norms will apply to projects awarded from early May onwards across EPC, HAM, and BOT models. Previously, projects exceeding 50 km or involving major bridges were required to be completed within about 30 months. The revision introduces differentiated timelines, including longer durations for tunnels and large bridges, aimed at improving execution feasibility. The policy shift reflects the government's attempt to align deadlines with on-ground challenges in infrastructure delivery and reduce delays arising from unrealistic project schedules.Read more

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Silk Board to get elevated metro walkway linking Yellow and Blue Lines in Bengaluru

Bangalore News Desk

09 Apr 2026

The Bangalore Metro Rail Corporation Limited (BMRCL) has initiated the development of an elevated pedestrian walkway at Silk Board Junction in Bengaluru to connect the operational Yellow Line with the under-construction Blue Line. The project, estimated at around INR 59 crore, will span approximately 250 metres and include the city's first travelator within the metro network. A tender has been floated for civil, structural, and architectural works, with construction expected to take about nine months after contract award. The intervention addresses the absence of a direct interchange between the two corridors and is intended to streamline commuter movement across one of the city's busiest transit nodes along the Outer Ring Road.Read more

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Mulund dump cleanup delayed again as contractor seeks third extension

Mumbai News Desk

09 Apr 2026

The biomining project at Mumbai's Mulund dumping ground has been delayed again, with the contractor seeking a third extension due to fuel supply disruptions linked to the West Asia conflict. The shortage of diesel has affected the operation of heavy machinery, slowing waste processing. The INR 731 crore project, aimed at clearing legacy waste and reclaiming land, is nearing completion but has faced repeated delays due to the pandemic, weather conditions and operational issues. Civic authorities have raised concerns over continued extensions as only a limited portion of waste remains.Read more

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Kurla and Ghatkopar continue to face rising illegal hawking issues

Mumbai News Desk

08 Apr 2026

Kurla and Ghatkopar remain among Mumbai's most affected areas when it comes to illegal hawking, leading to congestion and safety concerns. Repeated action by the Brihanmumbai Municipal Corporation has failed to provide long-term relief, as hawkers often return soon after eviction drives. Busy locations near railway stations and major roads are the most impacted. The issue continues despite court directions and planned regulations, pointing to gaps in enforcement, lack of proper hawking zones, and challenges in managing the large number of unlicensed vendors operating in the city.Read more

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North India's pro-AV market set for strong growth with new infrastructure projects

08 Apr 2026

North India's professional audiovisual hardware market is expanding rapidly, driven by major infrastructure projects such as the Jewar International Airport and Dwarka Expressway. The region accounts for 40-45 per cent of India's AV hardware market, with growth supported by urban development in cities like Ayodhya, Varanasi, and Amritsar, as well as rising demand from luxury hotels and wedding venues. The domestic Pro-AV sector is growing at 7.2-9.7 per cent annually, with professional lighting projected to reach USD 391 million in 2026. Upcoming events like the 2027 PALM expo in New Delhi are set to further strengthen the ecosystem.Read more

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SRM Contractors secures INR 483 crore Nashik ring road package ahead of 2027 Kumbh Mela deadline

08 Apr 2026

SRM Contractors has been awarded an INR 483 crore contract by the Maharashtra State Infrastructure Development Corporation (MSIDC) for a key package of the Nashik Ring Road project. The contract covers a 14.02 km stretch on the southern side of the 66.15 km corridor, which is being developed to ease congestion and improve connectivity ahead of the 2027 Simhastha Kumbh Mela. The project will be executed under the engineering, procurement and construction (EPC) model with a completion timeline of 12 months. The broader ring road initiative, estimated at over INR 7,600 crore, is a central component of Nashik's infrastructure upgrade plan linked to the upcoming religious event.Read more

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Green Gas clarifies no extra charges for PNG connections after resident complaints

08 Apr 2026

Green Gas Limited clarified that only INR 6,000 is payable for piped natural gas connections after residents of Sushant Golf City in Lucknow raised concerns over additional charges collected by the developer. Over 400 households had paid extra amounts, with some charges going up to INR 8,999. The district administration reviewed the matter and directed that no extra fees could be levied. The company stated that its agreement with the developer was limited to infrastructure support and did not allow recovery of additional costs from residents.Read more

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Himachal ties up with Alliance Air for Delhi–Shimla–Dharamshala flights

08 Apr 2026

The Himachal Pradesh government has partnered with Alliance Air to introduce daily flights connecting Delhi, Shimla and Dharamshala, with operations expected to begin later this month. The move aims to improve regional air connectivity and support tourism across key destinations in the state. The flights will operate using 48-seater ATR aircraft under a full viability gap funding model, with the state bearing the cost. The agreement is valid for one year and is expected to improve accessibility for both tourists and residents.Read more

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Supreme Court allows Kozhikode-Wayanad tunnel project to proceed, declines to halt environmental clearance

08 Apr 2026

The Supreme Court has allowed the Kozhikode-Wayanad tunnel project in Kerala to move ahead by refusing to interfere with its environmental clearance. The court upheld the earlier Kerala High Court decision and noted the project's importance for regional connectivity and public benefit. While environmental concerns were raised due to the project's location in the Western Ghats, the court observed that expert assessments and safeguards are in place. It also permitted the petitioners to approach the National Green Tribunal if any violations occur during execution, ensuring continued oversight.Read more

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Supreme Court seeks Centre’s response on plea to curb cattle intrusion on highways

08 Apr 2026

The Supreme Court of India has sought responses from the Centre, states and relevant authorities on a petition addressing the issue of stray cattle entering highways. The plea calls for uniform national guidelines, mandatory fencing of accident-prone stretches, and proper funding for cattle shelters. It also proposes penalties for abandonment of cattle and a no-fault compensation system for accident victims. The matter builds on earlier court directions and highlights gaps in implementation, as rising road accidents linked to stray animals continue to raise safety concerns.Read more

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Delhi plans upgraded slum rehabilitation policy with focus on in-situ housing and amenities

08 Apr 2026

The Delhi government is working on a revised slum rehabilitation policy aimed at improving living conditions through better housing and integrated infrastructure. The plan includes in-situ redevelopment, along with facilities such as shopping complexes, parking spaces, e-rickshaw charging points, schools and sanitation services. It also looks at addressing issues seen in earlier relocation projects and vacant EWS housing. With around 675 slum clusters in the capital, the policy aims to create more practical and accessible housing while ensuring connectivity to livelihoods and basic services.Read more

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Telangana plans underpass tunnel beneath Begumpet Airport to ease traffic

08 Apr 2026

The Telangana government has proposed a multi-lane underpass beneath Begumpet Airport to improve connectivity and reduce congestion in Hyderabad. The project, part of an elevated corridor linking Suchitra Junction and Paradise Circle, has received in-principle approval from the Airports Authority of India. Designed to pass below the airport runway, the plan is considered a first-of-its-kind in India. It forms part of a broader strategy to strengthen urban mobility through integrated road infrastructure and better traffic management across key city corridors.Read more

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BMC clears three-tier alternative reservoir plan at Malabar Hill

Mumbai News Desk

08 Apr 2026

The Brihanmumbai Municipal Corporation has approved a three-tier alternative reservoir at Malabar Hill to ensure uninterrupted water supply during repairs of the ageing reservoir. The planned facility will have a capacity of 52 MLD and include underground, ground-level, and elevated storage structures. The move follows earlier scrapped reconstruction plans due to environmental concerns, especially around Hanging Gardens. The project has undergone several revisions, including technical inputs from experts. Authorities are currently reviewing visual impact concerns before moving ahead with tendering and execution.Read more

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PM Modi to inaugurate Delhi–Dehradun expressway, aiming to cut travel time and improve regional connectivity

08 Apr 2026

Prime Minister Narendra Modi is set to inaugurate the Delhi-Dehradun Expressway on April 14, marking the completion of a 210-km access-controlled corridor connecting Delhi, Uttar Pradesh and Uttarakhand. Built at an estimated cost of around INR 12,000 crore, the project is designed to reduce travel time between Delhi and Dehradun from over six hours to about 2.5 hours. The expressway integrates advanced engineering features, including elevated wildlife corridors and multiple interchanges, and is expected to ease congestion on existing routes while strengthening connectivity to key economic and tourism zones.Read more

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BMC flags lapses in handling dangerous buildings, warns of strict action

Mumbai News Desk

08 Apr 2026

The Brihanmumbai Municipal Corporation has identified serious lapses in how dangerous buildings and redevelopment cases are being handled across Mumbai and has warned of disciplinary action against responsible officials. Several ward offices were found not following standard procedures or updating records on the central monitoring system. Irregularities were also observed in redevelopment approvals under DCPR 2034, especially in tenant verification and documentation. The action follows a recent case in Prabhadevi and aims to improve accountability, ensure compliance, and prevent revenue losses.Read more

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Morbi civic body withdraws slum demolition order after residents move court

08 Apr 2026

The Morbi Municipal Corporation has withdrawn its demolition order for a slum settlement on Panchasar Road after around 115 residents approached the Gujarat High Court. Residents argued that they were not given a proper hearing and were not offered alternative housing before eviction notices were issued. The civic body had directed them to vacate within a short time under provisions of the GPMC Act. Following the court's intervention, the authority agreed to reconsider the matter and review documents submitted by residents before taking any further action.Read more

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Goa government halts Prabhu Realtors projects over water contamination issue

08 Apr 2026

The Goa government has stopped all real estate projects by Prabhu Realtors after a water contamination issue was reported at a residential complex in Dabolim. Residents raised complaints about unsafe drinking water, with several falling ill. Authorities sealed the suspected borewell and began testing water samples. The Goa Human Rights Commission also stepped in and sought responses from concerned departments. The halt applies to all projects by the developer until further notice. The situation has raised concerns among homebuyers while investigations are underway to identify the exact cause and fix responsibility.Read more

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Court grants bail to three officials in Mulund Metro parapet collapse case

Mumbai News Desk

07 Apr 2026

A Mumbai sessions court has granted bail to three officials linked to the Metro Line 4 project in the Mulund parapet collapse case that caused one death and injured three people. The court observed that the incident appeared to be due to a lapse during on-site execution, particularly a welding-related error, rather than direct negligence by the officials. It also noted that custodial interrogation was complete and the accused had no criminal background. The case continues to be investigated, with focus on construction practices and accountability in large infrastructure projects.Read more

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Chhatrapati Sambhajinagar launches GIS survey for comprehensive village development

07 Apr 2026

The Chhatrapati Sambhajinagar Metropolitan Region Development Authority has launched a Geographic Information System (GIS)-based survey to map villages in its jurisdiction and support planned development. A pilot phase covering five villages has begun, with a private consultant appointed to collect data from government departments, conduct field inspections, and document infrastructure through photographs. The survey will eventually cover 311 villages across multiple talukas. Authorities have stressed the importance of accurate data sharing from all departments to ensure effective planning. The initiative is part of broader efforts to support regional growth and infrastructure development.Read more

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