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%

Infrastructure News

UP clears INR 3,500 crore urban development push for Agra, Bareilly and Prayagraj

07 Jun 2026

The Uttar Pradesh government has approved urban development projects worth around INR 3,500 crore for Agra, Bareilly and Prayagraj as part of its broader strategy to expand planned urbanisation and create new growth centres across the state. The investment will support township development, housing, infrastructure creation and urban expansion in three key cities. The move aligns with the state's New City Promotion Scheme and wider urban development agenda, which focuses on reducing pressure on existing urban centres while improving infrastructure and housing availability. The projects are expected to strengthen real estate activity, improve civic infrastructure and create new opportunities for residential and commercial development in the three cities.Read more

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Cabinet clears INR 4,415 crore highway upgrade across four Madhya Pradesh districts

07 Jun 2026

The Union Cabinet has approved two highway development projects worth INR 4,415.60 crore in Madhya Pradesh aimed at improving connectivity, road safety and freight movement across key districts. The projects involve upgrading and widening sections of NH-347B covering more than 108 km through Betul, Khandwa, Khargone and Barwani districts. The plan also includes the construction of a 16.20-km greenfield bypass in Khargone. Implemented under the Hybrid Annuity Model (HAM), the projects are expected to address existing geometric deficiencies, congestion and safety concerns while strengthening links to economic, logistics and social infrastructure nodes under the PM Gati Shakti framework.Read more

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HTL International expands sustainability initiatives through recycled materials and responsible manufacturing practices

07 Jun 2026

• HTL International has outlined a series of sustainability initiatives across its furniture and sleep product businesses, focusing on material innovation, responsible sourcing and environmentally conscious manufacturing.
• The company has introduced upholstery fabrics made from recycled PET bottles, with each metre of fabric incorporating up to 37 recycled plastic bottles.
• Sustainable materials, certified fabrics and environmentally managed production processes are being deployed across its brands, including Fabbrica, Domicil and Corium.
• HTL has also strengthened traceability and environmental standards across its leather sourcing and tanning operations.
• The company said growing consumer awareness around sustainable living is driving demand for products that balance environmental responsibility with performance and design.
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Mumbai’s western suburbs witness rising redevelopment activity as ageing housing stock drives urban transformation

07 Jun 2026

Mumbai’s western suburbs are emerging as the city’s primary redevelopment corridor as ageing residential societies, limited land availability and expanding infrastructure networks accelerate urban renewal activity across locations including Santacruz, Andheri, Goregaon, Kandivali and Dahisar. Industry estimates indicate that redevelopment-led projects could add more than 44,000 housing units valued at nearly INR 1.3 lakh crore in the coming years. According to Knight Frank India, over 900 housing societies across Mumbai have signed redevelopment agreements since 2020, with a significant share concentrated in the western suburbs. Alongside housing society redevelopment, slum rehabilitation projects continue to reshape several suburban clusters, with more than 2,500 projects reportedly completed across Mumbai over the past three decades, benefiting approximately 2.83 lakh families and expanding the city’s formal housing supply.Read more

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BMC installs seismographs at Dahisar Toll Naka site after residents report blast damage

06 Jun 2026

• BMC has installed four seismographic instruments at the construction site of a multimodal transit hub near Dahisar Toll Naka, following complaints from residents of the adjacent Madhuban Cooperative Housing Society of structural cracks caused by repeated blasting.
• The INR 1,500-crore project, being built on the site of the defunct Octroi Naka, involves regular explosions that residents and nearby shopkeepers describe as generating earthquake-like tremors across the neighbourhood.
• Residents approached local MLA Prakash Surve, who wrote to Municipal Commissioner Ashwini Bhide requesting a halt to excavation work, raising accountability concerns if buildings collapse.
• The seismograph readings will determine whether the ongoing blasting is directly responsible for the structural damage reported in surrounding buildings and commercial establishments.
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Clancy Global completes 20 years with over 800 engineering projects

06 Jun 2026

Mumbai-based building services engineering consultancy Clancy Global has completed 20 years of operations, marking two decades of growth from a UK outsourcing MEP consultancy practice into a multidisciplinary engineering firm. The company has delivered engineering solutions for more than 800 projects across over 60 cities in India and overseas markets. Its portfolio spans commercial, residential, healthcare, hospitality, industrial, institutional and data centre developments. Over the years, Clancy Global has worked on projects including Prozone Mall in Aurangabad, Silver Springs township in Indore, Hiranandani Rodas Enclave in Thane and Tata Cancer Care Hospital in Varanasi. The firm said it will continue investing in digital engineering technologies, sustainability-focused design and integrated building solutions as the built environment sector adopts increasingly technology-driven approaches.Read more

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AFC Furniture Solutions targets Karnataka expansion amid rising GCC activity and office space demand across Bengaluru

Bangalore News Desk

06 Jun 2026

AFC Furniture Solutions has announced plans to expand its operations across Karnataka as growing demand from Global Capability Centres (GCCs), technology companies and commercial real estate developments continues to reshape workplace requirements in the state. The company is targeting 30% revenue growth in FY 2026-27, with Karnataka expected to play a central role in its expansion strategy. The move comes as Bengaluru remains India’s largest office market, supported by strong absorption of Grade-A office space and increasing occupier demand from technology, fintech and AI-driven firms. AFC plans to strengthen its presence through enhanced project execution capabilities, expanded design consultancy services and deeper partnerships with developers and corporate occupiers across Bengaluru and other emerging business centres.Read more

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Trichy–Karur highway widening moves forward as NHAI begins detailed survey

06 Jun 2026

• The National Highways Authority of India (NHAI) has commenced a detailed survey for the proposed widening of the Trichy–Karur highway in Tamil Nadu.
• The exercise will assess land requirements, traffic conditions and engineering feasibility for upgrading the corridor to improve connectivity and traffic movement.
• The highway serves as a key link between Tiruchirappalli, Karur and western Tamil Nadu, with growing vehicle volumes prompting plans for capacity enhancement.
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AGNI unveils benchmarking and digital tools roadmap at ASPIRE 2026 industry symposium

06 Jun 2026

• The Association of Global NICMARians (AGNI) hosted ASPIRE 2026 in Mumbai, bringing together professionals from the construction, infrastructure, real estate and project management sectors.
• The symposium focused on the theme “Innovation to Transformation”, highlighting technology adoption, artificial intelligence, sustainability and data-driven decision-making.
• AGNI announced plans to launch an Industry Benchmarking Programme and a digital ecosystem featuring multiple industry-focused tools.
• The event also marked the launch of the first AGNI Excellence Awards, which attracted 34 nominations and shortlisted 12 startups.
• AGNI and the Construction Industry Development Council (CIDC) agreed to collaborate on industry development, skill enhancement and innovation adoption initiatives.
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Bihar to create 11 mega industrial parks, build 50,000-acre land bank to attract investments and jobs

06 Jun 2026

• Bihar has announced plans to develop 11 mega industrial parks and create a 50,000-acre land bank to support future industrial and manufacturing projects across the state.
• The government will also establish food parks in all 38 districts to boost agro-processing, local industries and employment opportunities.
• The initiative aims to improve land availability for investors, strengthen industrial infrastructure and enhance Bihar’s ease of doing business ecosystem.
• Officials have been directed to simplify approvals, promote entrepreneurship and accelerate growth in sectors such as food processing, textiles, pharmaceuticals and MSMEs.
• The move forms part of Bihar’s broader strategy to attract private investment, expand industrial activity and generate long-term employment.
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