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

Vijayapura airport awaits operational clearance as Supreme Court verdict on environmental compliance is pending

09 Apr 2026

The Vijayapura airport project in Karnataka is nearing operational readiness, with authorities awaiting a Supreme Court verdict on environmental clearance issues that have delayed its launch. The airport, developed by the state government, has completed construction and applied for operational approval from the Directorate General of Civil Aviation. The delay stems from a broader legal challenge concerning projects initiated without prior environmental clearance, which led to restrictions affecting several infrastructure developments. The state has invested additional funds to upgrade facilities, including approach roads and safety systems, and has initiated discussions with airlines for connectivity. Once clearance is granted, the airport is expected to begin operations, improving regional connectivity across north Karnataka and supporting economic activity in the surrounding districts.Read more

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AERA cuts airport landing and parking charges by 25% for domestic flights

09 Apr 2026

The Airport Economic Regulatory Authority (AERA) has reduced landing and parking charges by 25% at major airports across India, offering relief to airlines. The decision, implemented in the past week, applies to all domestic flights and will remain in effect for three months. The move follows a directive from the government in response to the ongoing West Asia crisis, which has impacted airline operations and costs. The reduction is expected to ease financial pressure on carriers and support stability in domestic aviation operations during this period of uncertainty.Read more

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High-speed Gwalior–Agra corridor to reduce travel time and support regional growth

09 Apr 2026

The proposed Gwalior-Agra greenfield expressway is expected to improve connectivity and support economic activity in the Gwalior-Chambal region. With an estimated cost of INR 5,500 crore, the project will reduce the travel distance and cut journey time to under an hour. The corridor will upgrade the existing road into a six-lane high-speed route with controlled access. Along with a western bypass and a new railway station, the project forms part of a broader infrastructure push aimed at improving mobility, logistics efficiency and regional development.Read more

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Bombay High Court upholds INR 1 lakh compensation for demolition without due notice

Mumbai News Desk

09 Apr 2026

The Bombay High Court has upheld an order directing the Maharashtra Housing and Area Development Authority to pay INR 1 lakh compensation to a Jogeshwari resident whose structure was demolished without prior notice. The ruling affirms a decision by the Maharashtra State Human Rights Commission, which found that the demolition violated procedural safeguards despite the structure being unauthorised. The court reiterated that the right to shelter forms part of Article 21 of the Constitution and cannot be taken away without due process. The case pertains to a tenement in Oshiwara, Mumbai, removed during a redevelopment-linked clearance exercise. The judgment reinforces the requirement for civic authorities and housing agencies to follow statutory notice procedures before undertaking demolition actions.Read more

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DrivebuddyAI secures patent for AI-based real-time road quality assessment system

09 Apr 2026

Ahmedabad-based deeptech firm DrivebuddyAI has secured a patent for its Integrated Dynamic Road Quality Assessment System, designed to detect and map road surface conditions in real time. The technology uses artificial intelligence, sensor data, and computer vision to identify potholes, cracks, and hazardous stretches, generating geo-tagged road intelligence. The system enables fleet operators to incorporate road quality into route planning, beyond traditional parameters such as time and distance. By continuously updating road condition data, the solution aims to improve driver safety, reduce vehicle wear, and enhance logistics efficiency. The development adds to the company's portfolio of over 15 patents in AI-driven mobility and fleet management technologies.Read more

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Infrastructure projects support growth of audiovisual hardware market in North India

09 Apr 2026

Infrastructure expansion across North India, especially in Delhi-NCR, is driving steady growth in the professional audiovisual (Pro-AV) hardware market. The region contributes nearly 40-45 per cent of the national market, supported by rising demand from corporate offices, retail, hospitality and public infrastructure. Large projects such as airports, expressways and religious tourism hubs are increasing the use of digital signage, lighting and sound systems. With higher-than-global growth rates and increasing adoption of premium solutions, the market is seeing consistent expansion backed by urban development and digital infrastructure investments.Read more

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PMRDA seeks state decision on Maan–Mhalunge town planning scheme amid jurisdictional uncertainty

Pune News Desk

09 Apr 2026

The Pune Metropolitan Region Development Authority (PMRDA) has sought a decision from the Maharashtra government regarding the execution of the Maan Mhalunge Town Planning Scheme (TPS-1), following administrative changes that brought parts of the project area under the Pune Municipal Corporation (PMC). The scheme, spread across nearly 250 hectares near the Hinjewadi IT hub, is at an advanced approval stage but remains pending due to ambiguity over the implementing authority. PMRDA has requested clarity on whether it will continue as the Special Planning Authority or if PMC will take over. The project, which includes infrastructure provisioning and land reconstitution, has undergone multiple revisions and consultations, with delays affecting landowners and development timelines.Read more

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Titagarh Naval Systems gets approval for INR 610 crore shipyard expansion in West Bengal

09 Apr 2026

Titagarh Naval Systems Ltd has secured in-principle approval from the Union Ministry of Ports, Shipping and Waterways for a brownfield expansion project at Falta, West Bengal. The project, with an investment of around INR 610 crore, falls under the Shipbuilding Development Scheme and includes government capital assistance of about INR 129 crore for plant and machinery. The expansion is aimed at improving shipbuilding capacity for defence, commercial and export markets. It is also expected to strengthen India's maritime manufacturing ecosystem and support the country's push for self-reliance in shipbuilding.Read more

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NHAI partners with Cube Highways to strengthen technical training for highway project execution

09 Apr 2026

The National Highways Authority of India (NHAI) has entered into a collaboration with Cube Highways Technologies to enhance the technical capabilities of its officials through a structured training programme. The initiative, formalised through a memorandum of understanding signed in the past week, focuses on upskilling junior-level officials in specialised areas of highway engineering and project execution. Training will be conducted at the Cube Highways Innovation Centre in Hyderabad and will combine classroom instruction with practical learning and case-based assessments. The programme covers key domains such as traffic estimation, pavement design, and material performance. The initiative is part of NHAI's broader capacity-building efforts aimed at improving project quality and aligning workforce capabilities with evolving infrastructure standards.Read more

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BMC expands air quality monitoring with hyperlocal sensor testing across Mumbai

Mumbai News Desk

09 Apr 2026

The Brihanmumbai Municipal Corporation (BMC) has begun testing low-cost air quality sensors under the MANAS project in collaboration with IIT Kanpur to improve pollution monitoring across Mumbai. Around 75 sensors will be installed before the monsoon, offering hyperlocal data on pollutants like PM2.5 and PM10. The system will divide the city into smaller grids and use real-time dashboards for better decision-making. The initiative builds on existing monitoring at construction sites and aims to strengthen targeted action to manage rising air pollution levels in the city.Read more

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Thane–Borivali tunnel excavation begins with TBM Nayak launch

Mumbai News Desk

09 Apr 2026

The Thane-Borivali twin tunnel project has entered the execution phase with the launch of tunnel boring machine Nayak in Thane. The 11.84 km underground corridor, being developed by the Mumbai Metropolitan Region Development Authority, aims to cut travel time between the two locations to about 15 minutes. While tunnelling has started from the Thane end, work at the Borivali side is facing delays due to pending rehabilitation. The project involves complex construction beneath Sanjay Gandhi National Park and is targeted for completion by 2028.Read more

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Road ministry extends national highway construction timelines up to six years to reflect project complexities

09 Apr 2026

The Ministry of Road Transport and Highways has revised construction timelines for national highway projects, extending the maximum duration to up to six years based on project complexity, cost, terrain, and structural requirements. The updated norms will apply to projects awarded from early May onwards across EPC, HAM, and BOT models. Previously, projects exceeding 50 km or involving major bridges were required to be completed within about 30 months. The revision introduces differentiated timelines, including longer durations for tunnels and large bridges, aimed at improving execution feasibility. The policy shift reflects the government's attempt to align deadlines with on-ground challenges in infrastructure delivery and reduce delays arising from unrealistic project schedules.Read more

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Silk Board to get elevated metro walkway linking Yellow and Blue Lines in Bengaluru

Bangalore News Desk

09 Apr 2026

The Bangalore Metro Rail Corporation Limited (BMRCL) has initiated the development of an elevated pedestrian walkway at Silk Board Junction in Bengaluru to connect the operational Yellow Line with the under-construction Blue Line. The project, estimated at around INR 59 crore, will span approximately 250 metres and include the city's first travelator within the metro network. A tender has been floated for civil, structural, and architectural works, with construction expected to take about nine months after contract award. The intervention addresses the absence of a direct interchange between the two corridors and is intended to streamline commuter movement across one of the city's busiest transit nodes along the Outer Ring Road.Read more

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Mulund dump cleanup delayed again as contractor seeks third extension

Mumbai News Desk

09 Apr 2026

The biomining project at Mumbai's Mulund dumping ground has been delayed again, with the contractor seeking a third extension due to fuel supply disruptions linked to the West Asia conflict. The shortage of diesel has affected the operation of heavy machinery, slowing waste processing. The INR 731 crore project, aimed at clearing legacy waste and reclaiming land, is nearing completion but has faced repeated delays due to the pandemic, weather conditions and operational issues. Civic authorities have raised concerns over continued extensions as only a limited portion of waste remains.Read more

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Kurla and Ghatkopar continue to face rising illegal hawking issues

Mumbai News Desk

08 Apr 2026

Kurla and Ghatkopar remain among Mumbai's most affected areas when it comes to illegal hawking, leading to congestion and safety concerns. Repeated action by the Brihanmumbai Municipal Corporation has failed to provide long-term relief, as hawkers often return soon after eviction drives. Busy locations near railway stations and major roads are the most impacted. The issue continues despite court directions and planned regulations, pointing to gaps in enforcement, lack of proper hawking zones, and challenges in managing the large number of unlicensed vendors operating in the city.Read more

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North India's pro-AV market set for strong growth with new infrastructure projects

08 Apr 2026

North India's professional audiovisual hardware market is expanding rapidly, driven by major infrastructure projects such as the Jewar International Airport and Dwarka Expressway. The region accounts for 40-45 per cent of India's AV hardware market, with growth supported by urban development in cities like Ayodhya, Varanasi, and Amritsar, as well as rising demand from luxury hotels and wedding venues. The domestic Pro-AV sector is growing at 7.2-9.7 per cent annually, with professional lighting projected to reach USD 391 million in 2026. Upcoming events like the 2027 PALM expo in New Delhi are set to further strengthen the ecosystem.Read more

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SRM Contractors secures INR 483 crore Nashik ring road package ahead of 2027 Kumbh Mela deadline

08 Apr 2026

SRM Contractors has been awarded an INR 483 crore contract by the Maharashtra State Infrastructure Development Corporation (MSIDC) for a key package of the Nashik Ring Road project. The contract covers a 14.02 km stretch on the southern side of the 66.15 km corridor, which is being developed to ease congestion and improve connectivity ahead of the 2027 Simhastha Kumbh Mela. The project will be executed under the engineering, procurement and construction (EPC) model with a completion timeline of 12 months. The broader ring road initiative, estimated at over INR 7,600 crore, is a central component of Nashik's infrastructure upgrade plan linked to the upcoming religious event.Read more

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Green Gas clarifies no extra charges for PNG connections after resident complaints

08 Apr 2026

Green Gas Limited clarified that only INR 6,000 is payable for piped natural gas connections after residents of Sushant Golf City in Lucknow raised concerns over additional charges collected by the developer. Over 400 households had paid extra amounts, with some charges going up to INR 8,999. The district administration reviewed the matter and directed that no extra fees could be levied. The company stated that its agreement with the developer was limited to infrastructure support and did not allow recovery of additional costs from residents.Read more

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Himachal ties up with Alliance Air for Delhi–Shimla–Dharamshala flights

08 Apr 2026

The Himachal Pradesh government has partnered with Alliance Air to introduce daily flights connecting Delhi, Shimla and Dharamshala, with operations expected to begin later this month. The move aims to improve regional air connectivity and support tourism across key destinations in the state. The flights will operate using 48-seater ATR aircraft under a full viability gap funding model, with the state bearing the cost. The agreement is valid for one year and is expected to improve accessibility for both tourists and residents.Read more

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Supreme Court allows Kozhikode-Wayanad tunnel project to proceed, declines to halt environmental clearance

08 Apr 2026

The Supreme Court has allowed the Kozhikode-Wayanad tunnel project in Kerala to move ahead by refusing to interfere with its environmental clearance. The court upheld the earlier Kerala High Court decision and noted the project's importance for regional connectivity and public benefit. While environmental concerns were raised due to the project's location in the Western Ghats, the court observed that expert assessments and safeguards are in place. It also permitted the petitioners to approach the National Green Tribunal if any violations occur during execution, ensuring continued oversight.Read more

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