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

Ludhiana’s INR 197 crore City Centre project fails to attract bidders after nearly two decades

30 May 2026

• Ludhiana Improvement Trust’s proposed e-auction for the long-stalled City Centre commercial complex failed to receive bidders despite renewed monetisation efforts.
• The INR 197 crore mixed-use project has remained incomplete for nearly 18 years amid legal disputes, financial setbacks and multiple failed revival attempts.
• Auction documents issued earlier this year outlined fresh e-bidding procedures, payment conditions and allotment rules under Punjab’s municipal property regulations.
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GCCs emerge as key driver in India’s semiconductor growth story

30 May 2026

India’s semiconductor ambitions are increasingly being supported by Global Capability Centres (GCCs), which are evolving from traditional support units into advanced engineering and innovation hubs. These centres are now involved in chip design, embedded systems, silicon verification, AI hardware research, and electronic design automation. Global companies across automotive, telecom, aerospace, and tech sectors are expanding semiconductor-linked operations in India through GCCs. The trend is also influenced by global supply chain diversification and geopolitical shifts. This shift is expected to strengthen India’s position in semiconductor design, research, and deep-tech development over the coming years.Read more

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Navi Mumbai civic body conducts large-scale water quality inspection drive across city after complaints

30 May 2026

• Navi Mumbai Municipal Corporation conducted a special water quality inspection drive after complaints regarding drinking water quality in certain parts of the city.
• A total of 663 water samples were collected and tested across water treatment facilities, transmission pipelines and multiple residential nodes.
• The inspection covered Bhokarpada Water Treatment Centre, major water mains and areas including Belapur, Nerul, Vashi, Airoli and Digha.
• Water samples were tested for pH, TDS, residual chlorine and turbidity as per BIS IS 10500 standards and CPHEEO guidelines.
• NMMC stated that all tested samples met prescribed drinking water quality standards and confirmed that potable water supply remains safe across the city.
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Automated parking systems gain traction as Indian cities face growing land and mobility pressures

Ashish S. Majithia

30 May 2026

• Automated Parking Systems (APS) are witnessing increased adoption across Indian cities amid rising vehicle density and shrinking urban land availability.
• Developers across residential, commercial and mixed-use projects are using APS to optimise parking capacity and improve land utilisation.
• The systems use robotic and mechanical technology to park vehicles without manual navigation, reducing congestion and improving user convenience.
• Smart city initiatives, sustainability goals and technology integration are further accelerating deployment of automated parking infrastructure.
• Premium housing projects, office developments, malls and hospitals are increasingly incorporating APS as part of modern urban infrastructure planning.
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Chembur Metro interchange and Monorail integration move closer as MMRDA reviews eastern Mumbai connectivity network

30 May 2026

• MMRDA officials conducted a site inspection of the upcoming Chembur Metro station and nearby VN Purav Monorail station to review multimodal integration plans.
• The Chembur Metro station is expected to emerge as a key interchange point linking metro and monorail connectivity in eastern Mumbai.
• Authorities assessed operational preparedness, passenger movement and ease of interconnectivity between the two transport systems.
• The integration is aimed at improving travel access for commuters across Mumbai’s eastern suburbs and South-Central Mumbai.
• Officials stated that the initiative forms part of MMRDA’s broader vision of creating a seamless urban mobility network across the Mumbai Metropolitan Region.
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Bombay High Court clears BMC takeover of stalled Dadar redevelopment property after decades-long dispute

30 May 2026

• The Bombay High Court has allowed the BMC to proceed with termination of the lease of the Khanna Construction House property in Dadar after prolonged disputes among partners and legal heirs.
• Civic authorities stated that no common redevelopment proposal was submitted despite multiple court directions, while property tax arrears and lease violations remained unresolved.
• The BMC has said the property, already under civic possession following demolition of the dilapidated structure, will move towards redevelopment while protecting tenant and occupant rights.
• The dispute, dating back to 1973, involved redevelopment disagreements, tenancy claims and litigation over one of Dadar’s prominent old properties.
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Mumbai Metro deploys India’s first AI-based pantograph monitoring system

30 May 2026

Mumbai’s metro network has introduced India’s first Automated Pantograph Condition Monitoring System, developed to strengthen predictive maintenance and improve operational efficiency. Implemented by MMRDA, the system replaces manual inspection methods with AI-based real-time monitoring using laser scanning, 3D imaging and machine learning. It reduces pantograph inspection time from about 30 minutes to a few seconds while improving fleet availability and maintenance efficiency by nearly 90–95%. The technology also enables early fault detection, continuous asset tracking and condition-based maintenance for better reliability and safety across Mumbai Metro operations.Read more

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BMC proposes third-party audits for Mumbai heritage buildings

29 May 2026

• Brihanmumbai Municipal Corporation has proposed third-party structural audits for heritage buildings across Mumbai.
• The move aims to assess stability and safety of ageing structures ahead of the monsoon season.
• Officials are considering independent technical evaluations to improve transparency in structural assessments.
• Concerns over deterioration, delayed repairs and monsoon-related risks prompted the proposal.
• Mumbai has a large stock of heritage and old cessed buildings across key urban precincts.
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BMC to take over 41 MSRDC flyovers and junction structures amid mounting concerns over pothole maintenance in Mumbai

Mumbai News Desk

29 May 2026

The Brihanmumbai Municipal Corporation (BMC) has initiated the process of taking over 41 transport structures, including 27 flyovers, from the Maharashtra State Road Development Corporation (MSRDC) in Mumbai following repeated complaints over potholes and maintenance lapses. The proposed transfer covers flyovers, foot overbridges, pedestrian underpasses and junctions spanning nearly 20.25 km across the city. Civic officials have sought maintenance funds, technical documents and advertisement rights before assuming control. The move follows recurring disputes over accountability for deteriorating road conditions on key arterial corridors.Read more

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Borivali housing society gets interim relief in dispute over public access road

29 May 2026

• A Borivali East cooperative housing society has secured interim relief from the Bombay High Court in a dispute concerning public access through its premises.
• The court restrained authorities from acting on a civic communication related to parking and access on a proposed Development Plan (DP) road passing through the society land.
• The matter involves concerns around emergency vehicle movement, parking management and the status of the proposed road alignment within the residential complex.
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Air India and IndiGo trim domestic flight capacity amid surge in jet fuel prices and operational pressures

29 May 2026

Air India and IndiGo have reduced planned domestic flight operations for the coming months as rising aviation turbine fuel prices and operational disruptions increase cost pressures on airlines. Air India has cut domestic capacity by around 22% for June and July, while IndiGo has scaled back portions of its planned schedule for the summer quarter. The reductions follow a sharp increase in fuel prices linked to geopolitical tensions in West Asia and airspace restrictions affecting airline operations. Industry officials said the cuts could lead to tighter seat availability and higher domestic airfares during the peak travel season.Read more

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India plans monetisation of 28 highway assets in FY27 to raise INR 35,000 crore under infrastructure recycling push

29 May 2026

• India plans to monetise 28 national highway assets spanning over 1,800 km during FY27.
• The National Highways Authority of India aims to raise nearly INR 35,000 crore through InvIT and TOT models.
• Haryana and Uttar Pradesh account for the highest number of highway stretches identified for monetisation.
• The programme forms part of the government’s broader infrastructure asset recycling and funding strategy under NMP 2.0.
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SCLR Phase 2 reaches final stage as MMRDA pushes for faster completion

29 May 2026

The Mumbai Metropolitan Region Development Authority (MMRDA) has accelerated efforts to complete Phase 2 of the Santacruz-Chembur Link Road (SCLR), with nearly 98% of the physical work already finished. Metropolitan Commissioner Dr. Sanjay Mukherjee recently reviewed progress at the BKC-Vakola connector and directed officials and contractors to speed up the remaining work while maintaining construction quality and safety standards. Once operational, the final phase of the corridor is expected to improve east-west connectivity across Mumbai by linking major highways and commercial hubs, while also reducing travel time by nearly 35 minutes and easing congestion on key roads.Read more

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BMC explores holding ponds and drain diversion to tackle recurring Andheri subway flooding

29 May 2026

The Brihanmumbai Municipal Corporation is evaluating construction of holding ponds and diversion of stormwater drains as part of a broader plan to reduce chronic flooding at the Andheri subway before future monsoon seasons. According to civic officials and multiple media reports, the proposed intervention could involve temporary storage ponds capable of holding excess rainwater near the subway during heavy rainfall events. Officials stated that nearly three potential sites have been identified for the project, while alternative engineering measures, including diversion of stormwater flow from the Jogeshwari area, are also under consideration. The civic body acknowledged that the flooding issue may persist this monsoon as long-term mitigation works remain under evaluation and planning stages.Read more

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Metro Line 5 expansion to improve connectivity across Thane, Bhiwandi, Kalyan and Ulhasnagar

29 May 2026

The Mumbai Metropolitan Region Development Authority (MMRDA) has expanded Metro Line 5 into one of the largest metro corridors in the Mumbai Metropolitan Region (MMR), increasing its total length to 34.21 km after the approval of the 11.83-km Metro Line 5A extension. The project, estimated at INR 18,130 crore, will strengthen connectivity across Thane, Bhiwandi, Kalyan, Ulhasnagar and nearby growth centres. Authorities said Phase 1 of the corridor is moving towards the Commissioner of Metro Railway Safety (CMRS) inspection stage and is expected to open by the end of the year. The corridor is expected to reduce travel time, improve integration with suburban rail and highways, and support industrial and residential growth across the eastern MMR belt.Read more

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VinFast partners with ChargeZone to expand EV charging network across India

29 May 2026

Vietnam-based Vingroup’s EV charging arm V-Green has partnered with ChargeZone to develop a co-branded EV charging network for VinFast customers in India. The collaboration marks VinFast’s first charging partnership with an Indian charge point operator as the company prepares to expand its presence in the country’s electric mobility market. Around 15 charging stations have already become operational, while nearly 100 more stations are planned over the next six months. The partnership aims to improve charging accessibility, strengthen EV infrastructure and support growing electric vehicle adoption across major locations in India.Read more

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Mithi river desilting lags at 62% days before Mumbai monsoon deadline

Mumbai News Desk

29 May 2026

Brihanmumbai Municipal Corporation has completed only 62% of the Mithi river desilting work despite the approaching monsoon preparedness deadline in Mumbai. With just days remaining before the onset of heavy rainfall, concerns are rising over flooding risks in low-lying and river-connected areas across the city. Civic officials cited operational and logistical hurdles for the delay. The Mithi river remains central to Mumbai’s stormwater drainage network, making timely desilting critical for reducing waterlogging and maintaining flow capacity during the monsoon season.Read more

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ED raids Punjab, Chandigarh locations in GMADA-linked Mohali real estate fraud probe

29 May 2026

The Enforcement Directorate (ED) conducted raids across Punjab and Chandigarh in connection with an alleged real estate fraud and money laundering case linked to the Greater Mohali Area Development Authority (GMADA) and the Suntec City housing project in Mohali. The investigation focuses on alleged forged landowner consent letters, fake signatures and irregular approvals used to secure Change of Land Use (CLU) permissions. Officials are also examining possible diversion of project funds and unpaid dues linked to the development. The case follows earlier ED action, including the arrest of a builder associated with the project, as scrutiny of land approvals and real estate transactions in Punjab continues to increase.Read more

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PM pollution rises over 20% in Indo-Gangetic Plain, Himalayan region and North-East: study

29 May 2026

• A satellite-based study has found that particulate matter (PM) pollution rose by over 20% across the Indo-Gangetic Plain, Himalayan region and North-East India compared to the 2000–2009 period.
• The analysis covered 2000–2024 and highlights a steady increase in carbon-based pollutants over time.
• Biomass burning, including crop residue burning and household solid fuel use, is identified as the main driver of rising pollution levels.
• Pollution from the Indo-Gangetic Plain is now being transported into Himalayan regions through wind movement.
• North-East India has also recorded higher pollution linked to shifting agricultural practices and domestic biomass use.
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Centre approves INR 1,880 crore NH-66 expansion project for Cuncolim-Bendordem stretch in Goa

29 May 2026

The Centre has cleared an INR 1,880.11 crore project to widen the Cuncolim-Bendordem stretch of NH-66 in South Goa, strengthening a key highway corridor connecting Goa with Karnataka and Maharashtra. The project includes four-laning works, a 5.78-km elevated corridor, bypasses at Cuncolim and Balli, a six-lane railway overbridge, upgraded junctions and pedestrian infrastructure. The development is aimed at reducing congestion, improving travel time and supporting rising traffic movement across South Goa. The approval also adds to ongoing highway expansion works being undertaken on different sections of NH-66 along India’s western coastal corridor.Read more

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