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

Mysuru seeks Grade 1 city status to boost funding and accelerate urban development

25 Jul 2025

The Mysuru City Corporation (MCC) has proposed an upgrade to a Grade 1 city corporation, a strategic move to unlock greater development opportunities and secure more central and state government grants. This proposal follows the abandonment of a "Greater Mysuru" plan due to insufficient population. The upgrade, which involves merging surrounding municipal councils and town panchayats, aims to boost tourism, trade, and job creation in Mysuru. This would position the city similarly to Hubballi-Dharwad, Karnataka's second-largest corporation, reflecting a push for accelerated urban growth and improved infrastructure in the region.Read more

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Prayagraj mandates regular structural safety audits for high-rise buildings

25 Jul 2025

Prayagraj has recently enforced new regulations making structural safety audits mandatory for all high-rise buildings exceeding 15 meters in height. Prompted by growing safety concerns and previous fire incidents, these structures will now require an initial audit ten years post-construction, followed by reviews every five years. Building owners, developers, or Resident Welfare Associations are responsible for promptly addressing any identified risks. Reconciliation may lead to authorities undertaking necessary repairs at the owners' expense, ensuring enhanced safety standards across the city.Read more

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Supreme Court tells Delhi Police to arrest violators in Chandni Chowk illegal builds

24 Jul 2025

The Supreme Court has issued strict orders to curb unauthorized construction in Chandni Chowk in Delhi, directing police to arrest violators and enforce demolition orders where no legal stay exists. Patrolling teams must now actively prevent illegal building work, while residential properties are barred from commercial conversion. The court warned against collusion between builders and municipal officials, citing a case where an elderly woman's home was affected by illegal construction. The Delhi Police commissioner and local DCP must submit a compliance report. Petitioners may also submit videos or photos of violations, enhancing oversight. These directives reinforce an earlier court order issued in May.Read more

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CAG flags poor oversight of dangerous buildings by Mumbai civic authorities

24 Jul 2025

A CAG audit has uncovered serious lapses in Mumbai's building safety oversight, highlighting that only one of eight city divisions submitted a list of dilapidated structures. Even that list-from Kalachowki-was flawed, with 76 of 248 buildings already redeveloped or demolished. The report criticizes the Brihanmumbai Municipal Corporation (BMC) and MHADA's Mumbai Building Repairs and Reconstruction Board (MBR&RB) for failing to identify dangerous cessed buildings and relying on superficial inspections over structural audits. The MHADA Act mandates rigorous monitoring of these aging structures. In response, the government has directed MHADA engineers to obtain accurate building data from local ward offices to improve safety oversight.Read more

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UP begins building dedicated offices for property registrations in 380 locations

24 Jul 2025

The Uttar Pradesh government has launched a statewide upgrade of stamp and registration offices, aiming to equip all 380 sub-registrar locations with purpose-built facilities. Inaugurations and foundation-laying ceremonies took place across several districts, including Baghpat, Azamgarh, and Amethi. The new offices will follow a standard design and include Wi-Fi, solar panels, rainwater harvesting, and barrier-free access. This overhaul replaces cramped, rented premises with modern, citizen-friendly spaces for handling property documents and title transfers. Third-party audits are mandated to ensure timely, quality construction. With an initial investment of INR 18.56 crore for eight offices, the initiative promises more professional and accessible land-related services across the state.Read more

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Ahmedabad Infrastructure: AMC installs air monitors citywide, but enforcement trails

24 Jul 2025

Ahmedabad Municipal Corporation (AMC) has installed real-time air-quality sensors at over 100 major construction sites to monitor dust pollution, specifically PM10 levels. Although these sensors frequently trigger alerts when pollution thresholds are breached, no penalties have been issued, as enforcement lies with the zonal estate department, which has yet to act. The Centre had supported AMC under the National Clean Air Programme after the city achieved a 40% drop in PM10 levels through greening, EV infrastructure, smart parking, and cleaner crematoriums. AMC also partnered with the Centre for Environment Education on awareness drives. Still, construction-related pollution remains poorly regulated despite the progress.Read more

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B L Kashyap & Sons lands major INR 910 crore project from BPTP limited in Gurugram

23 Jul 2025

B L Kashyap & Sons Ltd. (BLK), a prominent Engineering, Procurement, and Construction (EPC) firm, has secured a significant order valued at INR 910 crore (excluding GST) from BPTP Limited. This substantial contract involves the construction of civil structures for residential towers, associated non-tower areas, and crucial community infrastructure in Gurugram. The project, expected to span approximately 36 months, signals a renewed collaboration between the two companies. This reinforces trust in BLK's capabilities and its commitment to high-standard project delivery within Gurugram's dynamic real estate market.Read more

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Demolition drive launched in Belapur as NMMC cracks down on unauthorised constructions

23 Jul 2025

The Navi Mumbai Municipal Corporation (NMMC) has taken decisive action against unauthorised constructions in Belapur, following non-compliance with prior demolition notices. Structures owned by Suresh Dharma Koli, Balkrishna Dharma Koli, and Ashok Koli in Diwale village were razed under the MRTP Act. The operation, led by the encroachment department under senior civic officials, involved a full deployment of manpower and equipment. NMMC has indicated that such intensified action will continue to deter encroachments in future.Read more

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LDA to approve compounding maps under new 2025 building bylaws in Lucknow

23 Jul 2025

The Lucknow Development Authority (LDA) has begun approving compounding maps under the new 2025 Model Building Construction and Zoning Bylaws. This move allows property owners to legalize previously unauthorized constructions by aligning them with updated regulations, avoiding penalties. Announced during a Janata Adalat by LDA Vice Chairperson Prathamesh Kumar, the initiative assigns zonal officers specific targets-75 to 220 approvals per zone-to expedite processing. The new rules also permit greater land coverage and a higher Floor Area Ratio (FAR), offering more design flexibility. This framework aims to streamline regularization and improve public welfare through transparent and efficient building compliance processes.Read more

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Nagpur: NMC targets illegal use of public space, issues nearly 5,000 fines in six months

23 Jul 2025

Nagpur Municipal Corporation (NMC) has taken strong action against public space encroachments, penalising 4,890 individuals and contractors for leaving construction materials like sand and debris on footpaths and roads. The six-month campaign, led by Commissioner Abhijeet Chaudhari, covered all ten city zones and collected INR 1.16 crore in fines-INR 93.16 lakh from individuals and INR 23.20 lakh from builders. Laxmi Nagar saw the most violations. Under civic rules, materials left in public areas must be cleared within 48 hours or face fines of INR 2,000 (residents) and INR 10,000 (builders). Additionally, over 7,000 were fined for blocking roads with temporary structures. The drive aims to reclaim safe, usable public spaces.Read more

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Ahmedabad to make 5% green cover mandatory in all new town planning schemes

23 Jul 2025

Ahmedabad Municipal Corporation (AMC) has made it mandatory for all future town planning schemes to reserve at least 5% of land for green spaces, with 1% specifically for Miyawaki forests. The initiative aims to boost biodiversity and align with WHO's recommended green cover of 9 sqm per person. Tree-cutting now requires planting 10 saplings per tree, with survival conditions and a refundable deposit of INR 5,000. New guidelines call for tree-lined footpaths, green road dividers, rain gardens, and rooftop parks. An Urban Greening Advisory Committee and ward-level Green Committees will oversee implementation. The policy tackles rising pollution and heat levels through sustainable urban afforestation.Read more

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Big boost for Mumbai Metro: State backs INR 36,000 crore loan guarantee for 6 corridors

22 Jul 2025

Maharashtra's cabinet recently greenlit a INR 36,000 crore state guarantee to help the Mumbai Metropolitan Region Development Authority (MMRDA) secure loans from international lenders. This move paves the way for Lines 5, 6, 9, 10, 11 and a 3.3 km underground extension of Line 7 to glide ahead, with elevated and underground sections in play. While the state acts only as guarantor, MMRDA will manage full repayment, including interest. The guarantee ensures smooth tendering and shields against delays or cost overruns. Ultimately, this step drives the vision for a 300?km metro network aimed at de-congesting suburbs and linking key areas like the airport.Read more

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Texmaco Rail partners with AMP Energy to launch 10 MW solar plant under group captive model

22 Jul 2025

Texmaco Rail & Engineering Ltd has commissioned a 10 MW captive solar power plant at its Raipur facility in partnership with AMP Energy India. The plant will generate over 15 million units of clean electricity annually, supporting Texmaco's commitment to ESG goals and responsible manufacturing. Developed under India's Group Captive Open Access Policy, the project offers Texmaco cost savings of 30-40% on power while reducing grid dependency. This initiative marks a major step in the company's clean energy transition. Texmaco, a leading name in railway and infrastructure manufacturing since 1939, reinforces its role in India's industrial sustainability movement.Read more

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Tata Power Renewable secures 30 MW/120 MWh BESS project from NHPC in Kerala

22 Jul 2025

Tata Power Renewable Energy Ltd (TPREL) has won its first Battery Energy Storage Purchase Agreement (BESPA) with a 30 MW / 120 MWh project awarded by NHPC for deployment in Kerala. This battery system, to be set up at a 220 kV substation, will provide four hours of backup power and support Kerala State Electricity Board's grid needs. Operating under a 12-year contract, the project will enhance grid stability and enable greater renewable integration. Part of NHPC's broader 125 MW / 500 MWh BESS plan, the initiative supports India's 500 GW non-fossil fuel goal for 2030. TPREL's total renewable capacity now stands at 10.9 GW.Read more

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Rajasthan sanctions INR 95 crore for Renukaji and Lakhwar dams under Yamuna Water pact

22 Jul 2025

The Rajasthan government has approved a funding of INR 95 crore as its contribution toward the construction of the Renukaji and Lakhwar dams in Himachal Pradesh and Uttarakhand respectively, under the Yamuna Water Agreement. These dams, part of a broader initiative in the upper Yamuna basin, are expected to enhance year-round water availability and support drinking water and irrigation needs in districts such as Churu, Sikar, and Jhunjhunu. The total project cost, as fixed by the Yamuna River Board, is INR 11,320.46 crore, with Rajasthan's full share amounting to INR 215.66 crore.Read more

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Vishnusurya Projects secures INR 103 crore pipeline contract for Chennai desalination project

21 Jul 2025

Vishnusurya Projects and Infra Ltd has bagged an INR 103.07 crore contract from JWIL Infra Ltd for the execution of a pipeline project tied to a major desalination initiative near Chennai. The scope includes laying, testing, and commissioning pipelines, along with civil construction, for a 400 MLD desalination plant at Perur. The project, awarded to JWIL Infra by the Chennai Metropolitan Water Supply and Sewerage Board, aims to supply potable water to nearly 22.67 lakh residents across Tambaram and 20 surrounding panchayats.Read more

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L&T to build India's largest green hydrogen plant for IOCL at Panipat Refinery

21 Jul 2025

L&T Energy GreenTech Ltd, a subsidiary of Larsen & Toubro, will develop India's largest green hydrogen plant at IOCL's Panipat Refinery in Haryana. Operating under a build-own-operate model, the facility will supply 10,000 tonnes of green hydrogen annually for 25 years, advancing India's National Green Hydrogen Mission. The project will use high-pressure alkaline electrolysers manufactured at L&T's Hazira facility, supporting the Aatmanirbhar Bharat initiative. This marks a significant milestone in India's clean energy journey and underscores L&T's leadership in large-scale energy transition projects, setting the stage for broader green hydrogen adoption across key industrial sectors.Read more

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National Highways over INR 300 crore must now use precast concrete, says new MoRTH policy

21 Jul 2025

The Indian government now requires all national highway projects exceeding INR 300 crore to use precast concrete materials, aiming to speed up construction and improve quality. Announced under the new National Highways Precast Concrete Policy by the Ministry of Road Transport and Highways (MoRTH), the move targets reduced pollution, minimized traffic disruptions, and fewer delays-especially in urban areas. Precast components, manufactured off-site and assembled on location, will initially be used for non-critical elements, easing the sector into adoption. While this shift may raise project costs, it is expected to streamline timelines and enhance overall efficiency in national highway construction.Read more

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Namma Metro: Bangalore partners with ACES to deliver high-speed mobile coverage across all stations

21 Jul 2025

ACES India, a subsidiary of Saudi-based ACES, has signed a 13-year strategic agreement with Bangalore Metro Rail Corporation Limited (BMRCL) to roll out high-speed 4G and 5G mobile infrastructure across 62 metro stations under Phase 1 and 2 of Namma Metro. Using a neutral host model, ACES will provide seamless mobile connectivity for over 300 million annual commuters. The partnership supports Digital India and smart mobility goals by enabling multi-operator access, reducing network duplication, and accelerating rollout timelines. ACES has already worked on major telecom infrastructure projects across India, reinforcing its commitment to building future-ready digital frameworks in public spaces.Read more

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STL pioneers green hydrogen use in fibre optics with Maharashtra's first dedicated plant

21 Jul 2025

STL (Sterlite Technologies Ltd.), a global leader in optical and digital solutions, has achieved a significant milestone in sustainable manufacturing by collaborating with Hygenco to establish Maharashtra's first green hydrogen and green oxygen production facility for optical fibre. Located in Chhatrapati Sambhaji Nagar, this pioneering project will supply green hydrogen and oxygen to STL's glass preform manufacturing unit. The initiative positions STL as one of the world's first optical fibre manufacturers to fully deploy green hydrogen in its production processes, marking a crucial step towards its ambitious Net Zero by 2030 goal and contributing to India's broader decarbonization efforts.Read more

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