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

Uttar Pradesh cabinet clears 20 MW floating solar project at Chilua Tal in Gorakhpur

25 Mar 2026

The Uttar Pradesh cabinet has approved the development of a 20 MW floating solar power plant at Chilua Tal in Gorakhpur as part of its ongoing push to expand renewable energy capacity. The project, to be executed by Coal India Ltd, will span around 80 acres of water surface allocated by the district administration. Officials noted that Gorakhpur is being developed as a solar city, following Ayodhya's designation as the state's first solar city. The initiative aligns with broader plans to promote solar energy across multiple municipal corporations in the state.Read more

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Delhi allows provisional NOC at 25% infrastructure charges to ease project approvals

25 Mar 2026

The Delhi government has allowed property owners and developers to obtain a provisional No Objection Certificate (NOC) by paying only 25% of infrastructure charges upfront. The move, implemented through the Delhi Jal Board, aims to reduce high initial costs that had slowed construction and redevelopment projects. The remaining amount will be paid later at the time of final approval. The decision follows concerns over steep increases in charges in recent years and is expected to improve project timelines, ease cash flow pressure, and support construction activity across the city.Read more

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Fire in Virar residential building prompts evacuation, nine residents rescued safely

Mumbai News Desk

25 Mar 2026

A fire broke out in a residential building in Virar, causing panic among residents before emergency services responded and brought the situation under control. Rescue teams managed to evacuate nine people from the building, and no injuries were reported. The incident highlights the importance of timely firefighting response and evacuation procedures in densely populated residential areas. Authorities ensured that the fire did not spread further within the structure, preventing casualties and limiting damage, while the exact cause of the fire is yet to be confirmed through further assessment.Read more

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Jaipur Master Plan 2047 faces criticism over planning gaps and expansion concerns

25 Mar 2026

Jaipur's Master Plan 2047 has come under criticism from urban planning experts over key structural gaps. Concerns include a sharp expansion of the city's planned area, low population density assumptions, and deviation from central planning guidelines. Experts have warned that including large rural areas without matching infrastructure could strain civic services and lead to inefficient development. The Rajasthan High Court has also stayed parts of the plan, indicating the need for review. These issues have raised concerns about the plan's practicality and long-term implementation.Read more

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Hyderabad plans INR 1,340 crore overhaul of 7.6 lakh streetlights under unified 10-year maintenance contract

Hyderabad News Desk

25 Mar 2026

Civic authorities in Hyderabad have outlined a INR 1,340 crore programme to replace, operate and maintain around 7.6 lakh streetlights across the Core Urban Region, covering multiple municipal corporations. The 10-year unified tender aims to address ageing infrastructure, with over 70 per cent of existing lights nearing the end of their lifecycle. The selected concessionaire will be responsible for full replacement of lighting units and centralised control systems within six months, followed by long-term maintenance. The project introduces real-time monitoring, strict performance-linked penalties and improved fault detection systems. The initiative is intended to streamline operations, reduce outages and improve accountability in urban lighting infrastructure across the Hyderabad metropolitan region.Read more

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Yamuna expressway authority clears INR 11,829 crore budget with major allocation for land acquisition near Noida airport

Noida News Desk

25 Mar 2026

The Yamuna Expressway Industrial Development Authority (YEIDA) has approved a budget of INR 11,829 crore for the upcoming financial year, with nearly two-thirds earmarked for land acquisition to support expansion around the Noida International Airport. Around INR 8,000 crore has been allocated for acquiring land to develop industrial and urban clusters, while additional provisions cover infrastructure in Yamuna City, airport-related works, and multi-modal connectivity. The authority has also approved a marginal increase in plot allotment rates across residential, commercial and group housing categories. The budget reflects a focus on accelerating development in the expressway corridor amid rising investor interest linked to the airport and associated economic activity.Read more

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Government targets rollout of 10,000 e-buses across 116 cities by 2027 with plan for additional 35,000 buses

24 Mar 2026

The central government has informed the Rajya Sabha that 10,000 air-conditioned electric buses will be deployed across 116 cities in 26 states and Union Territories by the end of 2027 under the PM e-Bus Sewa Scheme. The programme targets tier-2 and tier-3 cities with populations between 3 lakh and 40 lakh, aiming to improve urban mobility and reduce pollution. So far, tenders for 6,500 buses have been finalised and initial deliveries have commenced. The government has also indicated plans to introduce a second scheme to deploy an additional 35,000 e-buses, with revised guidelines under formulation. Implementation challenges remain in some states, including Bihar, where delays in setting up coordination committees have affected progress.Read more

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Delhi to undertake structural strengthening of Zakhira and Seelampur flyovers with INR 35 crore repair programme

Delhi News Desk

24 Mar 2026

The Delhi government has initiated a structural rehabilitation programme for the Zakhira and Seelampur flyovers, allocating a combined outlay of around INR 35 crore to address ageing infrastructure and safety concerns. The Public Works Department (PWD) has finalised the scope of work, with timelines of approximately 12 months for Seelampur and 18 months for Zakhira. Both flyovers, critical to the city's arterial network, have shown signs of wear due to prolonged usage and heavy traffic loads. The repair works will include replacement of expansion joints, strengthening of structural components and rehabilitation of damaged concrete. The initiative forms part of a broader effort to assess and upgrade older flyovers across Delhi amid increasing pressure on urban transport infrastructure.Read more

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Indian Bank raises INR 50 billion through 10-year infrastructure bonds at 7.15% coupon

24 Mar 2026

Indian Bank has successfully raised INR 50 billion through the issuance of 10-year infrastructure bonds, with a coupon rate of 7.15%. The fundraising saw participation from investors through bids invited earlier during the day. The bonds carry AAA ratings from domestic credit rating agencies, indicating strong credit quality. Infrastructure bonds are typically used by banks to fund long-term projects while also benefiting from regulatory advantages. This issuance aligns with the broader trend of public sector banks tapping debt markets to support credit growth and infrastructure financing needs.Read more

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Patel Engineering wins INR 230 crore pre-construction contract for 1,125 MW Dorjilung hydropower project in Bhutan

24 Mar 2026

Patel Engineering Ltd has secured a contract worth INR 230 crore for pre-construction works of the 1,125 MW Dorjilung Hydroelectric Power Project in Bhutan. The project is being developed by Dorjlung Hydro Power Ltd, a joint venture between Druk Green Power Corporation and Tata Power Company Ltd. The award marks the first package of work under the project, which is being developed under a public private partnership model. The hydropower project is expected to support Bhutan's domestic energy requirements while enabling export of surplus electricity to India. The contract reflects continued participation of Indian infrastructure firms in cross-border energy projects in the region.Read more

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Supreme Court permits removal of over 45,000 mangroves for Versova–Bhayandar coastal road with afforestation conditions

24 Mar 2026

The Supreme Court has allowed the Brihanmumbai Municipal Corporation (BMC) to remove more than 45,000 mangroves for the proposed Versova-Bhayandar coastal road project in north Mumbai, which carries an estimated cost of INR 18,263 crore. The decision, delivered in the past week, upholds earlier approvals while directing the civic body to undertake compensatory afforestation and submit annual compliance reports to the Bombay High Court for a decade. The project forms part of the northern extension of Mumbai's coastal road network and is expected to significantly reduce travel time between Versova and Mira Bhayandar. The ruling balances infrastructure development with environmental safeguards, mandating restoration measures alongside project execution.Read more

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West Asia conflict begins to impact construction supply chains with developers warning of rising input costs and delays

24 Mar 2026

Real estate developers across India have started experiencing supply disruptions in key construction materials due to ongoing geopolitical tensions in West Asia, according to industry bodies CREDAI and NAREDCO. While construction activity remains largely stable, shortages of materials such as steel, PVC products, wires, pipes and glass are being reported, alongside pressures in ceramic manufacturing hubs. Developers have indicated that prolonged disruptions could lead to higher input costs, project delays and potential increases in housing prices. The sector, which recorded housing sales of 6.14 lakh units across top cities last year with a total value of INR 8.46 lakh crore, may face pricing pressures if global volatility continues.Read more

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Government considers balanced ship registration framework for GIFT City entities to allow overseas flagging under controlled tonnage model

24 Mar 2026

The central government is evaluating a policy framework that would allow entities based in Gujarat International Finance Tec-City (GIFT City) to register ships overseas under a calibrated model similar to the Indian Controlled Tonnage scheme. The proposal would permit a "one-in-one-out" approach, enabling companies to register one vessel abroad and the next under the Indian flag. The move follows representations from the International Financial Services Centres Authority seeking regulatory relaxations to strengthen GIFT City as a global ship leasing hub. At the same time, the government is balancing concerns from domestic shipowners about potential loss of Indian tonnage and policy advantages linked to cargo support mechanisms such as the Right of First Refusal.Read more

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East Bengaluru housing projects highlight affordability, community planning and flexible ownership models

Bangalore News Desk

24 Mar 2026

A set of residential developments in East Bengaluru—Ramky Fortuna in Whitefield, 2G Tula in Hoodi, and Sowparnika Whispering Petals in Hoskote—illustrate varying approaches to housing demand in the region. These projects cater to different buyer segments, offering a mix of ready-to-move-in and under-construction options with pricing ranging from around INR 40 lakh to over INR 1.8 crore. While Ramky Fortuna focuses on township-style living and scale, 2G Tula emphasises low-density community design and premium configurations, and Sowparnika Whispering Petals targets affordability with flexible payment structures. The developments reflect broader trends in East Bengaluru, where infrastructure growth, proximity to IT corridors, and evolving buyer preferences continue to shape residential demand and project positioning.Read more

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Renovated terminal at Indore airport to be inaugurated, raising annual passenger capacity to 50 lakh

24 Mar 2026

The renovated terminal building at Devi Ahilyabai Holkar Airport in Indore will be inaugurated by the Civil Aviation Minister via video conference, increasing the airport's annual passenger handling capacity to 50 lakh. The upgraded facility, developed at a cost of INR 50 crore, will function as an additional terminal, taking the total number of terminals at the airport to two. The existing terminal currently handles 40 lakh passengers annually, while the new facility will add capacity for another 10 lakh. The inauguration will also include the launch of a subsidised food outlet under the Udaan Yatri Cafe initiative, aimed at offering affordable refreshments to travellers.Read more

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Tathastu Realty to invest INR 500 crore in affordable housing project in Rewari with over 3,300 units

24 Mar 2026

Tathastu Realty plans to invest INR 500 crore to develop an affordable housing project in Rewari, Haryana, comprising 3,354 residential units under the state's affordable housing policy. The apartments are priced at around INR 30 lakh each, with a base rate of INR 4,500 per sq ft for a 645 sq ft unit, along with an additional balcony component. The project has received more than 8,000 applications, with allotments finalised through a draw system as per policy norms. The development reflects sustained demand for budget housing in emerging markets within the National Capital Region, particularly among first-time homebuyers seeking regulated and cost-effective residential options.Read more

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Telangana High Court to hear plea against demolition of Bhoodan land houses in Khammam

24 Mar 2026

The Telangana High Court is set to hear a petition challenging the demolition of houses built on Bhoodan land in Khammam district, where around 20 daily wage workers claim their homes were razed without prior notice. The petitioners state that the land had been allotted to them by the Bhoodan Yagna Board and that valid pattas were issued. Authorities, however, have classified the occupants as encroachers and initiated possession proceedings. The case highlights ongoing legal disputes over Bhoodan land ownership and enforcement, raising concerns around due process, rehabilitation, and property rights for economically vulnerable residents.Read more

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Karnataka partners with Japan to advance smart city solutions in Bengaluru through technology-led urban collaboration

Bangalore News Desk

24 Mar 2026

The Karnataka government is exploring a strategic collaboration with Japan to implement advanced smart city solutions in Bengaluru, focusing on urban infrastructure, sustainability, and technology integration. The initiative, facilitated through Japan's Ministry of Land, Infrastructure, Transport and Tourism (MLIT), aims to address key urban challenges including mobility, wastewater management, energy efficiency, and disaster resilience. The Greater Bengaluru Authority is expected to act as the nodal agency for execution. The proposed framework will allow Japanese companies to partner with cities to design and deploy solutions backed by institutional support. The move aligns with Karnataka's broader push to develop future-ready, citizen-centric urban ecosystems while leveraging global expertise to improve service delivery and infrastructure efficiency.Read more

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UP-RERA penalises three projects for unregistered sales, reinforces compliance norms across Noida and Lucknow

24 Mar 2026

The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) has imposed penalties of INR 5 lakh each on three real estate projects for promoting and selling units without mandatory registration under the Real Estate (Regulation and Development) Act, 2016. The action, taken during the authority's 198th meeting, involved projects in Noida and Lucknow, including Estate 105, Sobha Rivana, and Avikalp Estate. Investigations revealed that these developments were marketed and, in some cases, sold prior to obtaining regulatory approval. UP-RERA noted that developers failed to provide satisfactory responses to notices issued earlier, prompting enforcement action. The move forms part of a broader crackdown on unauthorised real estate activities to enhance transparency and safeguard homebuyer interests.Read more

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HCLFoundation awards INR 24 crore to 12 NGOs under 11th edition of HCLTech Grant, adds water as new category

24 Mar 2026

HCLFoundation has announced the winners of the 11th edition of the HCLTech Grant, awarding a total of INR 24 crore to 12 non-governmental organisations across water, biodiversity, healthcare, and education sectors. Four organisations will receive INR 5 crore each, while eight others will be granted INR 50 lakh each. The latest edition marks the introduction of water as a standalone category, reflecting increased focus on resource management. Selected from over 7,000 applications nationwide, the winning projects span multiple states and focus on community-led initiatives. The grant programme, the CSR arm of HCLTech, continues to support large-scale social development efforts across rural India.Read more

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