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

Delhi Cracks Down on Illegal Constructions After Deadly Hauz Rani Fire

10 Jun 2026

• Delhi authorities have launched a large-scale enforcement drive against unauthorised constructions and misuse of properties following the fatal Hauz Rani bed-and-breakfast fire that claimed 21 lives.
• Since June 1, demolition action has been taken against 82 properties, while 43 buildings have been sealed across various municipal zones in the capital.
• The crackdown is targeting violations of sanctioned building plans, illegal commercial use of premises and other regulatory breaches.
• Officials have indicated that inspections and enforcement measures will continue as part of efforts to strengthen urban safety and compliance.
Read more

cover photo

Delhi launches INR 138 crore sewer project for Karawal Nagar

10 Jun 2026

The Delhi government has commenced a major sewer infrastructure project worth INR 138 crore in North East Delhi's Karawal Nagar constituency, aiming to address long-standing sanitation and civic infrastructure deficiencies. Announced by Chief Minister Rekha Gupta alongside Union Minister of State and Delhi BJP president Harsh Malhotra, the project will expand sewer connectivity across localities including Sonia Vihar, Milan Garden, Chauhan Patti and Sabhapur Extension. The initiative forms part of a broader package of development works exceeding INR 300 crore approved for the constituency over the past year. Besides strengthening sewer infrastructure, the government has outlined plans for water supply improvements, road upgrades and healthcare facilities as part of a wider push to improve urban services in the area.Read more

cover photo

Why GIFT City is becoming a preferred financial gateway for NRIs

10 Jun 2026

GIFT City, India’s first International Financial Services Centre (IFSC) located in Gujarat, is emerging as a major destination for global financial activity and wealth management. Designed to operate under a specialised regulatory framework, the financial hub enables Non-Resident Indians (NRIs), investors and institutions to undertake transactions in foreign currencies while accessing international financial products and services from within India. Tax incentives, simplified regulations and the ability to conduct transactions without mandatory conversion into INR have contributed to its growing appeal. Financial institutions are increasingly offering dedicated products linked to the IFSC ecosystem, allowing NRIs to manage deposits, investments and cross-border transactions through a globally aligned framework.Read more

cover photo

Power policy to drive Andhra Pradesh’s data centre infrastructure expansion

10 Jun 2026

• Andhra Pradesh has introduced a policy allowing large data centres with a minimum 300 MW connected load to operate as deemed distribution licensees and procure power directly.
• The move is aimed at supporting the state's AI and data centre ambitions, particularly in Visakhapatnam, where up to 5 GW of capacity is planned, including Google's proposed 1 GW campus.
• The policy mandates 51% renewable energy sourcing while protecting the interests of existing power distribution companies.
Read more

cover photo

Delhi High Court adds JK Paper to legal dispute over INR 250 crore Prithviraj Road bungalow

Delhi News Desk

10 Jun 2026

The Delhi High Court has brought JK Paper into an ongoing legal dispute over a high-value bungalow on Prithviraj Road in Lutyens’ Delhi, a property acquired by the company for INR 250 crore in 2021. The case relates to claims made by Punit Beriwala, Managing Director of Vipul Ltd, who has alleged that he secured rights in the property through financial arrangements with the original owners nearly two decades ago. With the current owner now formally included in the proceedings, the court will examine competing ownership claims surrounding one of Delhi’s most expensive residential properties.Read more

cover photo

Polluted stormwater drains raise environmental concerns across Visakhapatnam

Visakhapatnam News Desk

10 Jun 2026

• Several stormwater drains in Visakhapatnam are reportedly carrying untreated sewage and waste instead of rainwater, raising environmental concerns.
• Experts and civic groups warn that the pollution is affecting local water bodies, coastal ecosystems and public health.
• Encroachments, inadequate sewage infrastructure and poor maintenance have been cited as key reasons for the deteriorating condition of the drains.
• The issue has renewed calls for comprehensive drainage reforms and stronger wastewater management measures in the city.
Read more

cover photo

After multiple failed attempts, Chandigarh MC rewrites C&D waste tender to draw private bidders

10 Jun 2026

The Chandigarh Municipal Corporation (MC) has revised the conditions of its construction and demolition (C&D) waste management tender after repeated bidding rounds failed to attract adequate private sector participation. The civic body has eased eligibility norms and modified key tender clauses to improve the project's financial viability and encourage greater competition. The move is aimed at ensuring the smooth operation of the city's C&D waste processing facility, which plays an important role in managing construction debris, promoting recycling and reducing illegal dumping. The revised tender is expected to generate stronger interest from potential operators.Read more

cover photo

Fire safety concerns rise in Noida as RWAs demand audit of hotels, PGs and high-rise buildings

Noida News Desk

09 Jun 2026

The Federation of Noida Residents Welfare Associations (FONRWA) has called for a comprehensive fire safety audit of hotels, paying guest accommodations (PGs), high-rise residential towers and commercial buildings across Noida. The demand comes amid growing concerns over fire preparedness and compliance with safety norms in densely populated developments. The federation has urged authorities to inspect fire-fighting systems, emergency exits and evacuation mechanisms, while ensuring strict action against violations. Resident groups believe regular audits and stronger monitoring are essential to improving safety standards and reducing risks in the rapidly expanding urban landscape.Read more

cover photo

Vidyavihar, Sion and Mahalaxmi bridge projects face fresh setbacks ahead of monsoon

Mumbai News Desk

09 Jun 2026

• The Vidyavihar Railway Overbridge, Sion East-West Connector and Mahalaxmi East-West Connector have missed revised completion deadlines, delaying expected traffic relief across Mumbai.
• Rehabilitation work, railway modifications and land acquisition issues have pushed the Vidyavihar bridge beyond its June 2026 target.
• The Sion connector awaits steel girder launching by Central Railway, with completion now targeted for mid-August, subject to weather conditions.
• The Mahalaxmi connector has also been delayed and is now expected to be completed by the end of 2026.
Read more

cover photo

BMC orders probe into alleged misuse of athletes’ rooms at Andheri sports complex

09 Jun 2026

• The BMC has ordered an inquiry into the alleged misuse of 56 rooms meant for athletes at the Shahaji Raje Sports Complex in Andheri West, Mumbai.
• The probe follows allegations that the rooms were leased through an organisation and later sub-leased to a private hospitality operator.
• The controversy has renewed scrutiny of agreements linked to the sports complex’s management.
• Civic authorities will also examine complaints regarding user charges and the operation of facilities within the complex.
Read more

cover photo

BMC clears nearly 2,000 illegal structures in six months, easing path for major infrastructure projects

Mumbai News Desk

09 Jun 2026

• BMC removed nearly 2,000 illegal structures across Mumbai in the past six months as part of an intensified anti-encroachment campaign.
• Several demolition drives were carried out in areas affecting major infrastructure works, including the Goregaon-Mulund Link Road and land parcels earmarked for public projects.
• Civic authorities reclaimed significant stretches of public land and initiated measures to prevent fresh encroachments after demolition.
• Officials said the drive is aimed at reducing project delays, improving urban planning and facilitating long-pending transport and civic infrastructure developments.
Read more

cover photo

I Squared Capital plans INR 5,000 crore India infrastructure fund to tap domestic investors

09 Jun 2026

Global infrastructure investor I Squared Capital is planning to launch an India-focused infrastructure fund with a target corpus of around INR 5,000 crore, marking a strategic push to attract capital from domestic institutional and high-net-worth investors. The proposed vehicle will focus on sectors such as energy, transportation, logistics and digital infrastructure. The initiative comes as local pension funds, insurance companies and family offices increasingly seek exposure to long-term infrastructure assets, reflecting the growing depth of India's alternative investment ecosystem.Read more

cover photo

Ghaziabad to crack down on 258 illegal colonies along Hindon River over sewage pollution concerns

09 Jun 2026

• Ghaziabad administration is preparing a large-scale eviction and demolition drive against 258 illegal colonies located along the Hindon River.
• The action follows submissions made before the National Green Tribunal (NGT), which highlighted that these unauthorised colonies were discharging untreated sewage into the river.
• District authorities have directed multiple departments to identify encroachments, verify land records and initiate enforcement measures.
• The drive is aimed at protecting the Hindon River, preventing further encroachment on floodplain areas and improving environmental compliance.
• Officials expect the exercise to strengthen urban planning controls and curb the growth of unauthorised developments in the district.
Read more

cover photo

Newly opened Mrinal Tai Gore flyover draws flak over road quality

09 Jun 2026

• Mumbai’s newly opened Mrinal Tai Gore flyover has come under scrutiny after commuters reported uneven road surfaces and patchwork repairs within hours of its inauguration.
• The INR 248 crore BMC project is designed to improve connectivity between Goregaon East and Goregaon West and ease traffic congestion.
• Opposition leaders and residents have questioned construction quality, while civic officials have maintained that the issues relate to minor rectification work and do not affect the flyover’s structural safety.
Read more

cover photo

Telangana picks Singapore's DP Architects for Bharat Future City master plan, blueprint to be ready in 9 months

09 Jun 2026

The Telangana government has selected Singapore-based DP Architects to prepare the master plan for Bharat Future City, a large-scale urban development project being developed under the Future City Development Authority (FCDA). The firm emerged as the lowest bidder among six participants in the tender process and is expected to submit the master plan within nine months. Spread across about 765 sq km, the project aims to create dedicated hubs for life sciences, artificial intelligence, advanced manufacturing, data centres, healthcare, education and residential development, supporting Telangana's long-term economic and infrastructure growth plans.Read more

cover photo

Odisha clears INR 3,793 crore investment pipeline

09 Jun 2026

The Odisha government has approved 24 industrial investment proposals worth INR 3,793 crore through the State Level Single Window Clearance Authority (SLSWCA), paving the way for employment opportunities for more than 19,000 people across the state. The projects span sectors including renewable energy, steel and metal downstream industries, electronics and EV components, textiles, tourism, logistics, food processing, chemicals and emerging technologies. The investments will be distributed across 14 districts, reflecting the state's continued push to attract industrial capital and expand manufacturing capabilities. Among the major approvals are a lab-grown diamond manufacturing facility in Khurda and a battery energy storage systems project in Dhenkanal.Read more

cover photo

Hyderabad’s growth must balance development with sustainability, says Prosperiti Homes MD

09 Jun 2026

As Hyderabad continues to witness rapid urban expansion through new residential projects, commercial districts and lifestyle destinations, sustainability must become a central consideration in the city’s development trajectory, according to Jaya Pavan Gummadi, Managing Director of Prosperiti Homes. Marking World Environment Day, Gummadi highlighted the need for climate-conscious urban planning that addresses heat management, water conservation, waste handling, green spaces and overall liveability. He also emphasised the role of community engagement in advancing environmental awareness through Positive Planet, a sustainability-focused podcast and content platform. The initiative seeks to bring local experts and practitioners into conversations around responsible consumption, recycling, composting and circular economy practices, while encouraging residents and businesses to adopt environmentally conscious habits in their daily lives.Read more

cover photo

Punjab launches free registration drive for 10 lakh construction workers

09 Jun 2026

The Punjab government has launched a statewide campaign to register and revalidate 10 lakh construction workers free of cost, aiming to expand access to welfare benefits and social security schemes. Announced by Chief Minister Bhagwant Mann during a review meeting of the Punjab Building and Other Construction Workers (BOCW) Welfare Board, the initiative will waive all registration and renewal charges for workers. The state plans to organise special registration camps across villages and urban centres to increase enrolment, as only 2.21 lakh workers are currently registered despite extensive construction activity and urbanisation. The drive is intended to improve coverage under welfare schemes, streamline benefit delivery and ensure that a larger segment of the construction workforce receives financial assistance, healthcare support, education benefits and skill development opportunities.Read more

cover photo

Deepak Group plants mangroves across 50 acres near Dahej

09 Jun 2026

Deepak Group marked World Environment Day by launching a 50-acre mangrove afforestation initiative along the Paniyadra coastline near Dahej in Bharuch district, Gujarat. The programme brought together company employees, local communities and project teams to plant Avicennia marina, a salt-tolerant mangrove species that plays a vital role in protecting coastal ecosystems. The initiative forms part of the group's corporate social responsibility efforts and is designed as a long-term, community-led restoration programme with ongoing monitoring and ecological stewardship. Alongside the coastal project, the company conducted plantation drives across its manufacturing locations in Gujarat, Maharashtra and Telangana, planting more than 1,500 saplings and organising environmental awareness activities aimed at encouraging employee participation in sustainability and conservation efforts.Read more

cover photo

Sikkim’s INR 10,000 crore road push gets fresh momentum

09 Jun 2026

Union Minister of State for Road Transport and Highways Ajay Tamta has reviewed a series of highway and road infrastructure projects across Sikkim, directing officials to accelerate ongoing works and advance upcoming schemes. The review covered national highway upgrades, bypass projects, strategic border roads and connectivity improvements aimed at easing congestion and strengthening links across the Himalayan state. Among the projects assessed were the INR 595 crore Rhenock–Rongli road project and the INR 1,018 crore upgrade of a section of NH-10. The Centre also reviewed progress on the Gangtok Bypass and other strategic corridors, with a focus on timely execution, road safety and improved connectivity to remote and border areas. The exercise forms part of the government’s broader effort to enhance transport infrastructure, tourism access and economic activity in Sikkim.Read more

cover photo