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

Google explores AI infrastructure and electronics manufacturing investments in India

15 May 2026

• Google is evaluating investment opportunities in India across artificial intelligence infrastructure, server manufacturing and drone production, according to Ashwini Vaishnaw.
• The development follows groundwork for a proposed USD 15 billion AI hub in Visakhapatnam planned over the 2026–2030 period.
• The project includes a 1 GW hyperscale AI data centre being developed in partnership with Adani ConneX and Airtel Nxtra.
• Google has also expanded electronics manufacturing operations in India through partnerships with Foxconn, Dixon Technologies, HP and Flex for smartphone and Chromebook production.
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Bombay HC rejects tenants’ plea to induct new developer in Ghatkopar redevelopment dispute

15 May 2026

• The Bombay High Court has dismissed an application filed by 52 tenants seeking to add a new developer to an ongoing redevelopment dispute involving Kamla Bhuvan in Ghatkopar West, Mumbai.
• The court also imposed costs of INR 5 lakh on the tenants, observing that the application appeared to be an attempt to pressure landlords through litigation despite the absence of a contractual agreement with the proposed developer.
• The redevelopment matter relates to a dilapidated building on LBS Marg that was demolished in 2018 after being declared unsafe.
• The tenants had argued that prolonged delays in the project and concerns over permanent rehabilitation prompted their request to include the new developer, BS Lifespace, in the proceedings.
• The ruling comes amid broader concerns over delays in Mumbai’s cessed building redevelopment projects, transit housing shortages, and prolonged legal disputes affecting redevelopment execution across the city.
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Karnataka RERA makes landowners and builders equally liable for project delays

14 May 2026

Karnataka RERA has clarified that in joint development real estate projects, both landowners and developers will be held equally responsible for delays and non-compliance. The authority stated that landowners cannot escape liability when they are part of development agreements and benefit from the project. The clarification came after complaints from homebuyers regarding delayed possession and missing promised amenities. The ruling strengthens accountability under the RERA framework and ensures that responsibility for project execution and delivery is shared, improving protection for homebuyers in such developments.Read more

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Cabinet approves INR 4,474 crore railway multitracking projects in West Bengal and Jharkhand

14 May 2026

• The Cabinet has approved two railway multitracking projects in West Bengal and Jharkhand at an estimated cost of INR 4,474 crore.
• The Sainthia–Pakur and Santragachi–Kharagpur fourth-line projects will add around 192 km to the rail network.
• The projects, targeted for completion by 2030-31, aim to improve rail capacity and reduce congestion.
• The corridors will enhance connectivity across five districts and benefit around 1.47 crore people.
• The expansion will support freight movement of coal, cement, steel, foodgrains and petroleum products.
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MMRDA advances Metro Line 14 DPR process with technical bids under evaluation

Mumbai News Desk

14 May 2026

The Mumbai Metropolitan Region Development Authority has progressed the consultant selection process for Metro Line 14, with technical bids from three firms admitted for evaluation under a tender for preparation and revision of the project’s detailed planning documents. According to tender records dated 13 May, RITES Ltd, SMEC International Pty Ltd and Tata Consulting Engineers Ltd have qualified in the technical stage of the bidding process. The tender covers appointment of expert consultants for peer review of the techno-economic feasibility study, revision of the project report, preparation of DPR estimates, surveys, bid documents and bid process management for Metro Line 14. The project forms part of MMRDA’s broader metro network expansion plans across the Mumbai Metropolitan Region.Read more

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Supreme Court quashes Delhi HC order on Sujan Singh Park premises evacuation

14 May 2026

The Supreme Court has set aside a Delhi High Court judgment that had directed the Centre to vacate residential premises at Sujan Singh Park in New Delhi occupied by the Directorate General of Health Services. The dispute relates to government occupation of apartments owned by Sujan Singh Park Property Owners Association and leased to the Union government since the 1970s for use as hostels and residential accommodation for doctors and medical staff. The apex court ruled that the High Court had exceeded its jurisdiction while directing eviction proceedings in a writ petition concerning payment disputes and lease terms. The matter has now been remanded for reconsideration of contractual and tenancy issues through appropriate legal proceedings. The judgment has implications for long-standing government occupancy arrangements in private residential properties in Delhi, particularly where lease agreements and public authority usage overlap with private ownership rights.Read more

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Andhra Pradesh plans Singapore-inspired township in Amaravati amid push for MICE and trade infrastructure

14 May 2026

• Nara Lokesh said Andhra Pradesh plans to develop an integrated township in Amaravati inspired by Singapore’s Punggol district as part of the proposed Amaravati Economic Region.
• During meetings in Singapore, the state government sought support for township development, digital governance initiatives and trade connectivity projects under an existing bilateral MoU.
• The government is also planning to position Andhra Pradesh as a global MICE destination through convention infrastructure projects in Visakhapatnam, Amaravati and Tirupati.
• Andhra Pradesh has invited proposals for development of the Amaravati Economic Region and is seeking World Bank support for implementation of the township project.
• The discussions additionally covered blockchain-enabled trade corridors, port-led industrialisation and export connectivity for sectors including agriculture, seafood, pharmaceuticals and minerals.
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BMC plans city-wide GPS tracking and digital monitoring system for construction debris movement

14 May 2026

• BMC has initiated the development of an integrated digital platform to monitor construction and demolition waste movement across Mumbai.
• The proposed system will combine AutoDCR approvals, GPS-enabled vehicle tracking, geo-fencing and enforcement tools to curb illegal debris dumping.
• The initiative comes amid rising construction waste generation linked to redevelopment projects, metro corridors and road concretisation works across the city.
• The civic body has proposed penalties of up to INR 25,000 per vehicle for violations, while integrating recycling facilities, transporters and ward-level monitoring systems into a unified platform.
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Toyota to invest in third India plant with 100,000-unit annual capacity at Maharashtra’s Bidkin industrial area

14 May 2026

• Toyota Kirloskar Motor plans to establish a third manufacturing plant in India at Maharashtra’s Bidkin Industrial Area.
• The facility will have an annual production capacity of 100,000 vehicles and is expected to begin operations in the first half of 2029.
• The proposed unit will manufacture a new SUV model and employ around 2,800 people.
• The expansion comes as Toyota increases production capacity amid rising SUV demand in India and nearby export markets.
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Mumbai SRA cancels most joint venture slum redevelopment projects over delays and poor progress

14 May 2026

• Mumbai’s Slum Rehabilitation Authority (SRA) has cancelled 181 out of 228 slum redevelopment joint venture projects due to slow progress and feasibility concerns.
• Several government agencies reportedly failed to complete basic groundwork such as surveys, beneficiary verification and redevelopment planning.
• The affected projects cover nearly 2.2 lakh slum households across Mumbai and nearby areas.
• A few projects under agencies like BMC, MHADA and MMRDA will continue, while others may now shift to cluster redevelopment models.
• The move comes amid growing concerns over stalled SRA projects, delayed rehabilitation and long-pending redevelopment across the city.
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Haryana launches online building plan approval system amid civic poll restrictions

14 May 2026

• Haryana has introduced a digital building plan approval system for residential properties under municipal areas to reduce delays and improve transparency in approvals.
• The online platform allows citizens, architects and developers to submit and track applications without visiting government offices physically.
• The rollout comes as the state continues broader urban governance reforms, including online civic services, digital approvals and simplified construction compliance norms.
• Along with the launch, the state government also announced welfare transfers of over INR 2,115 crore and expanded digital services for farmers and residents.
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UP-RERA launches online system to tackle excessive property transfer charges

14 May 2026

• UP-RERA has started an online complaint facility for homebuyers facing excessive transfer charges during property transfers.
• Complaints can now be filed digitally through Form-M on the authority’s e-court portal.
• The move follows the 10th amendment to UP-RERA General Regulations, 2019, which fixed limits on transfer processing fees.
• Developers cannot charge more than INR 1,000 for transfers among family members or legal heirs and INR 25,000 for non-family transfers.
• The authority introduced the mechanism after receiving several complaints about builders demanding very high transfer charges in housing projects.
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Bi-RIDE awards INR 1,514 crore contract to ICF for 153 metro-style coaches for Bengaluru suburban rail project

Bangalore News Desk

14 May 2026

Bengaluru Integrated Rail Infrastructure Development Enterprise Limited has awarded a INR 1,514 crore contract to the Integral Coach Factory (ICF), Chennai, for the supply of 153 air-conditioned broad-gauge metro-style coaches for Bengaluru’s suburban rail project. The coaches will serve Corridors 2 and 4 of the Bengaluru Suburban Rail Project and are expected to be delivered within 18 months. Officials stated that the order aligns with the targeted operationalisation of the Chikkabanavara–Yeshwanthpur section under Corridor 2. The contract includes design, manufacturing, testing, commissioning and regulatory approvals for the rolling stock. The development marks a significant execution milestone for the long-delayed suburban rail network aimed at easing traffic congestion and improving regional connectivity across Bengaluru’s expanding urban corridor.Read more

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NIRM study identifies rock resources for Vadhvan Port project in Navi Mumbai

13 May 2026

The National Institute of Rock Mechanics (NIRM) has completed geophysical investigations for the proposed Vadhvan Port project in Navi Mumbai, identifying subsurface rock resources required for construction activity. According to the Ministry of Mines’ Annual Report 2025-26, the study covered three quarry sites in Palghar district and estimated that the project would require more than 65 million tonnes of armour rock and aggregates. The investigations mapped rock conditions up to a depth of 40 metres, identifying weathered rock, boulders and hard rock suitable for engineering and marine infrastructure works.Read more

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ED files money laundering case against TDI Infrastructure over delayed housing projects

13 May 2026

• The Enforcement Directorate has filed a prosecution complaint against TDI Infrastructure Ltd and its directors in a money laundering case linked to delayed real estate projects in Haryana.
• The investigation is based on multiple FIRs filed by Delhi Police and the Economic Offences Wing following complaints from homebuyers.
• The agency alleged that the company collected around INR 4,619.43 crore from over 14,000 buyers across several residential and commercial projects launched between 2005 and 2014.
• According to the ED, funds collected from buyers were diverted to group entities and other purposes instead of project construction, leading to major delays in possession and incomplete developments.
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Indian Railways reviews AI camera procurement amid expansion of digital safety infrastructure

13 May 2026

Indian Railways has temporarily paused fresh procurement orders for AI-enabled surveillance cameras while revised operational guidelines are being finalised, according to a report by The Economic Times. The review comes amid a wider digital infrastructure expansion programme undertaken during 2025-26. Indian Railways has deployed AI-based video surveillance systems at 1,874 stations, commissioned IP MPLS telecom infrastructure at 1,396 stations and integrated automatic real-time passenger announcement systems at 1,405 stations. The railway network is also installing tunnel communication systems across difficult terrain projects, including the Udhampur-Srinagar-Baramulla Rail Link corridor.Read more

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Nexus Select Trust nears INR 1,300 crore acquisition of Galaxy Group’s mixed-use project in Guwahati

13 May 2026

• Blackstone-backed Nexus Select Trust is close to acquiring Galaxy Group’s mixed-use project in Guwahati for nearly INR 1,300 crore.
• The development spans around 1.2 million sq ft and includes retail, office and hospitality components.
• The project is currently under construction and is expected to strengthen Nexus Select Trust’s presence in eastern and northeastern India.
• The deal reflects growing institutional interest in retail-led and mixed-use developments in emerging Tier-II cities.
• Guwahati has been witnessing rising commercial activity due to improving infrastructure, urbanisation and increasing consumer demand.
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Amazon’s Chile data center project clears environmental hurdle amid local opposition

13 May 2026

• Amazon Web Services received approval to move ahead with its Santiago data center project after residents lost an environmental challenge.
• Local residents had opposed the project over concerns related to a possible high-voltage power line and environmental impact.
• AWS said the facility is being designed to minimise energy and water consumption while meeting Chile’s environmental requirements.
• The project is part of AWS’ planned USD 4 billion investment in Chile over the next 15 years.
• Experts said Chile’s growing appeal for data center investments must be balanced with environmental and community concerns.
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NHAI expands barrier-less tolling network with MLFF launch on Delhi’s UER-II corridor

13 May 2026

• Nitin Gadkari inaugurated a Multi-Lane Free Flow (MLFF) barrier-less tolling system at the Mundka-Bakkarwala Toll Plaza on Delhi’s Urban Extension Road-II corridor.
• The plaza is the second MLFF-enabled tolling facility in India after the Choryasi Toll Plaza on NH-48 in Gujarat, which became operational earlier this month.
• National Highways Authority of India plans to implement the technology at 17 toll plazas across nine states by September 2026, followed by over 108 additional plazas under the second phase by March 2027.
• The system uses Automatic Number Plate Recognition (ANPR) technology alongside FASTag-based toll collection to enable uninterrupted vehicle movement through toll corridors.
• The initiative is expected to reduce congestion, improve highway travel efficiency, lower fuel consumption, and support faster inter-city road connectivity.
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Gurugram approves 35 real estate projects worth INR 27,000 crore in first four months of 2026

13 May 2026

Gurugram’s real estate market has continued to witness strong development momentum, with the Real Estate Regulatory Authority (RERA) approving 35 projects during the first four months of 2026. The approved developments represent an estimated investment of nearly INR 27,000 crore and include a dominant share of residential projects. More than 11,500 residential and commercial units are expected to be developed across these schemes, underlining sustained developer confidence and rising housing demand in the NCR market. The approvals further reinforce Gurugram’s position as one of India’s most active real estate destinations, supported by infrastructure expansion, corporate demand and continued investor interest in both housing and mixed-use developments.Read more

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