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

BMC plans pumping station to curb flooding at Mankhurd subway

24 Jun 2026

The Brihanmumbai Municipal Corporation (BMC) plans to build a mini pumping station at the Maharashtra Nagar subway in Mankhurd to address recurring monsoon flooding that disrupts traffic and connectivity. The low-lying underpass frequently experiences waterlogging during heavy rainfall, prompting repeated closures and diversions. BMC has initiated the tendering process for the project, which is intended to improve stormwater drainage, reduce flood-related disruptions and strengthen monsoon resilience at one of the eastern suburb’s chronic flooding hotspots.Read more

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These 10 Pune Localities Could Soon Become The City's Most Luxury Addresses

24 Jun 2026

Pune's luxury housing market is rapidly expanding beyond its traditional hotspots, with several emerging micro-markets attracting affluent homebuyers and investors. Driven by infrastructure upgrades, improved connectivity, premium residential launches and growing demand from high-income professionals, these neighbourhoods are redefining luxury living in the city. From riverfront developments and golf-course communities to upscale residential corridors near IT hubs, these locations are becoming the preferred destinations for luxury homebuyers seeking space, exclusivity and long-term appreciation potential.Read more

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PLDT unit targets USD 399 million through Philippines’ first data centre REIT IPO

24 Jun 2026

PLDT Inc. has announced plans to launch what could become the Philippines’ first real estate investment trust (REIT) backed by digital infrastructure assets. Through its subsidiary VITRO Inc., the company aims to raise up to PHP 24.20 billion (USD 398.70 million) via an initial public offering. The proposed REIT will be supported by a portfolio of eight operational data centres across the country. The proceeds are expected to support debt repayment and other corporate requirements, while also highlighting the growing importance of data centre infrastructure in the Philippines' expanding digital economy.Read more

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Midar, Majid Al Futtaim partner on USD 3.1 billion mixed-use development in Cairo

24 Jun 2026

Egypt-based Midar and UAE developer Majid Al Futtaim have entered into a strategic partnership to develop a large-scale mixed-use project in Cairo with an investment of USD 3.1 billion. The development will span 553 feddans, or about 574 acres, and include residential, commercial and tourism components. According to Midar, the project is expected to generate between 200 billion and 250 billion Egyptian pounds in revenue over the next 15 to 20 years. The agreement reflects continued investor confidence in Egypt’s urban development sector and the growing role of regional partnerships in large-scale real estate projects.Read more

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Haryana begins fresh survey to identify existing structures in protected Aravali areas

24 Jun 2026

• Haryana has launched a fresh survey of built-up areas within land protected under the Punjab Land Preservation Act (PLPA) in the Aravali region.
• The exercise will record only existing structures and is intended to prevent new construction claims from being added during the process.
• The survey is expected to help authorities identify legitimate settlements, improve land records, and support environmental protection efforts.
• The move comes amid continued action against illegal construction and encroachments in ecologically sensitive Aravali zones.
• Findings from the survey could influence future land-use planning, conservation measures, and regulatory decisions across the region.
Read more

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Mumbai hospitality sector reduces water demand as city manages supply constraints

Mumbai News Desk

24 Jun 2026

Hotels across Mumbai have introduced water conservation measures as the city faces concerns over water availability and reservoir levels. Several establishments have suspended jacuzzi operations, regulated laundry services and encouraged guests to reduce linen and towel replacement frequency. The measures form part of broader efforts to curb consumption and ease pressure on urban water infrastructure. Industry stakeholders are also monitoring water use across hotel operations while supporting civic initiatives aimed at managing demand and conserving available water resources.Read more

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PM Modi, President Murmu jointly launch INR 47,600 crore development projects in Odisha's Mayurbhanj district

24 Jun 2026

Prime Minister Narendra Modi and President Droupadi Murmu jointly inaugurated and laid foundation stones for development projects worth over INR 47,600 crore at Rairangpur in Odisha's Mayurbhanj district on 20 June 2026, marking the completion of two years of the Mohan Charan Majhi-led state government. The event saw 60 projects inaugurated and 12 foundation stones laid across energy, industrial infrastructure, roads, drinking water, healthcare, education, tourism, and irrigation. Major announcements included the INR 25,000 crore Bharat Coal Gasification and Chemicals Limited project at Jharsuguda and railway multi-tracking works worth over INR 732 crore.Read more

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Vizag coast CRZ change gets CREDAI backing, could unlock new development opportunities

24 Jun 2026

• CREDAI has supported the proposal to reclassify parts of Visakhapatnam's coastline from CRZ-III B to CRZ-II, citing rapid urbanisation and infrastructure growth in the region.
• The industry body believes the move could help planned real estate development, tourism projects, and investment activity along the coastal corridor.
• Andhra Pradesh authorities have argued that the existing CRZ classification no longer reflects the current development status of the Madhurawada-Bheemunipatnam stretch.
• Several major projects, including the Beach Corridor, Bhogapuram Airport connectivity plans, metro proposals and the Vizag Bay City initiative, have been cited in support of the reclassification.
• Environmental groups, however, have raised concerns over the possible impact on coastal ecosystems, erosion control, and climate resilience.
Read more

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Resonia secures transmission project in Telangana to strengthen renewable energy connectivity

24 Jun 2026

Resonia, the power transmission infrastructure business that emerged from Sterlite Power, has secured a transmission project in Telangana from Power Finance Corporation. The project is aimed at improving transmission connectivity between Andhra Pradesh and Telangana while supporting the integration of renewable energy from the Kurnool Renewable Energy Zone. The development includes a new 765/400 kV Doma substation, expansion of the Kurnool-IV pooling station, and associated transmission infrastructure. The project is expected to enhance grid flexibility, improve power evacuation capacity, and support the growing renewable energy network in southern India.Read more

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NHAI's monetisation pipeline could gain INR 20,000 crore from a BOT model revival

24 Jun 2026

• NHAI's highway monetisation programme could receive a major boost as policymakers revisit the Build-Operate-Transfer (BOT) model for upcoming road projects.
• Increased private-sector participation through BOT projects may contribute an additional INR 20,000 crore to monetisation receipts beyond existing projections.
• The strategy is expected to strengthen infrastructure financing while creating a sustainable pipeline for future highway development and asset recycling.
Read more

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NCRTC invites bids for skywalk with travelators linking Anand Vihar station to ISBT Kaushambi

24 Jun 2026

National Capital Region Transport Corporation Ltd (NCRTC) has floated a tender for construction of a skywalk with travelators at the Anand Vihar multimodal hub, connecting Anand Vihar Railway Station to ISBT Kaushambi. The project includes integrated access to the Delhi-Meerut Namo Bharat corridor, DMRC Line 3 and Line 4, and a foot-over-bridge linking the Namo Bharat and DMRC stations at Anand Vihar. The contract, bearing bid security of INR 71,11,854, carries a 15-month completion period. Bids must be submitted online by 13 July 2026, with technical bids opening the following day.Read more

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Haryana secures INR 4,000 crore World Bank loan for water conservation programme

24 Jun 2026

The World Bank has approved a loan of INR 4,000 crore for Haryana’s ‘Jal Sanrakshit Haryana’ programme, a large-scale water conservation and irrigation modernisation initiative with a total project cost of INR 5,714 crore. Scheduled for implementation between 2026 and 2032, the programme will cover 15 clusters spanning 48.94 lakh acres across the state. The project includes rehabilitation of canals and water channels, groundwater recharge measures, micro-irrigation upgrades, reuse of treated wastewater and reclamation of waterlogged land. It also proposes crop diversification and the promotion of water-efficient farming practices. Haryana Chief Minister Nayab Singh Saini has directed departments to prepare a comprehensive water management framework, while village-level committees will be established to support implementation and maintenance of water infrastructure across rural areas.Read more

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Meghalaya inaugurates Northeast’s largest organic spice processing unit

23 Jun 2026

Union Finance Minister Nirmala Sitharaman has inaugurated Northeast India’s largest organic spice processing unit at Bhoirymbong in Meghalaya’s Ri-Bhoi district. Developed by the Eastern Ri-Bhoi Organic Farmer Producer Company, the 10,000-tonne facility is expected to benefit around 5,500 farmers by providing processing, packaging and marketing support for organic spices. The project forms part of broader efforts to strengthen value addition, boost exports and create sustainable livelihoods through the region’s growing organic agriculture ecosystem.Read more

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Mumbai clears removal of 1,080 trees for MMRDA corridor and major redevelopment projects

23 Jun 2026

Mumbai’s Tree Authority has approved the removal of 1,080 trees for three infrastructure and redevelopment projects, including MMRDA’s Chedda Nagar–Anand Nagar elevated corridor, MHADA’s Motilal Nagar redevelopment and a redevelopment scheme in Bandra. Of the affected trees, several will be transplanted while others will be felled based on project requirements. The approvals follow site inspections and technical reviews, allowing transport and urban renewal projects to move forward across key suburban locations.Read more

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Highway contractors will receive temporary relief as the government revises compensation norms

23 Jun 2026

• The Centre has introduced a temporary compensation mechanism to offset the impact of rising fuel, material and logistics costs on National Highway projects.
• EPC and HAM contractors will receive faster and more frequent payments to improve cash flow and project execution.
• Price adjustment calculations will be linked to more recent market data, allowing compensation to better reflect prevailing costs.
• The measures aim to prevent project disruptions, support developers and maintain momentum in India's highway infrastructure programme.
Read more

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Mumbai advances Tilak Bridge replacement project to expand capacity across Dadar rail corridor

23 Jun 2026

Mumbai is progressing the construction of a six-lane cable-stayed bridge at Dadar to replace the nearly 100-year-old Tilak Bridge. The INR 375 crore project, being executed by BMC and MRIDC, will provide a higher-capacity east-west road connection across railway tracks in central Mumbai. Developed in phases to maintain traffic movement, the twin-bridge structure is designed to address structural concerns and improve corridor capacity. The project forms part of Mumbai’s broader programme to modernise ageing transport infrastructure.Read more

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Waymo recalls nearly 3,900 robotaxis after construction zone navigation issue

23 Jun 2026

Waymo, the self-driving vehicle division of Alphabet, has recalled nearly 3,900 robotaxis across the United States after identifying a software issue that could allow vehicles to enter closed freeway construction zones. The recall follows multiple incidents in California and Arizona where autonomous vehicles failed to recognize ramp closure signs and proceeded into active work areas. The company has already updated its software and temporarily restricted freeway operations while implementing improvements. The development comes shortly after another recall linked to flooded-road navigation and amid ongoing regulatory scrutiny of Waymo's autonomous driving technology.Read more

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NHAI introduces Rajasthan’s first barrier-free tolling system on NH-48

23 Jun 2026

The National Highways Authority of India (NHAI) has launched Rajasthan's first Multi-Lane Free Flow (MLFF) tolling system at the Daulatpura Toll Plaza on the Delhi–Jaipur section of National Highway-48. The technology-driven system enables barrier-free toll collection through Automatic Number Plate Recognition (ANPR) and FASTag-based electronic tolling, allowing vehicles to pass without stopping. The initiative forms part of NHAI's broader effort to modernise toll collection, reduce congestion and improve travel efficiency on key highway corridors. Following the implementation at Daulatpura, NHAI is also planning to convert the Shahjahanpur and Manoharpur toll plazas on the Delhi–Jaipur route to the MLFF system, creating a seamless tolling experience along one of northern India's busiest highway stretches.Read more

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Five killed, 18 injured after under-construction temple roof collapses in Maharashtra’s Parbhani district

23 Jun 2026

• Five people lost their lives and 18 others were injured after a portion of an under-construction temple structure collapsed in Yashwadi village of Maharashtra’s Parbhani district.
• The incident occurred when the roof of the sabha mandap, or assembly hall, under construction at a Hanuman temple caved in during the afternoon.
• Rescue teams, local authorities and villagers launched immediate relief operations to evacuate those trapped beneath the debris.
• The state administration has initiated an investigation into the cause of the collapse, while treatment is being provided to the injured at nearby hospitals.
Read more

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Centre clears Angamaly–Aroor bypass project to ease congestion on Kochi highway corridors

23 Jun 2026

The Union government has approved the Angamaly–Aroor bypass project in Kerala, a major highway initiative aimed at reducing congestion on the heavily used NH-544 and NH-66 corridors around Kochi. The greenfield bypass, expected to span about 50 km following its extension to Aroor, will provide a direct route for long-distance traffic travelling between northern and southern Kerala without entering the city’s congested urban stretches. The project will connect Angamaly with the under-construction Aroor–Thuravoor elevated highway and is being aligned with the PM Gati Shakti National Master Plan. The approval marks a significant step in advancing a long-pending infrastructure proposal intended to improve regional connectivity, streamline freight movement and support future traffic growth across central Kerala.Read more

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