18 Mar 2026

Union Bank of India has received board approval to raise INR 20,000 crore through the issuance of long-term infrastructure bonds. The fund-raising initiative aims to support infrastructure development and affordable housing projects. Of this, the bank may target INR 7,500 crore through bonds with a 10-year tenor before the end of the current financial year. Additionally, the board approved the launch of green or sustainable bonds up to INR 5,000 crore. This move reflects the bank's focus on sustainable growth and development funding in key sectors.Read more

18 Mar 2026

Nitin Gadkari has advocated increased utilisation of municipal and legacy waste in road construction to reduce dependence on natural resources. Speaking at an event in New Delhi, he indicated that the government has already processed around 80 lakh tonnes of waste, including material from landfill sites such as Ghazipur landfill. The processed waste has been deployed in infrastructure projects including the Delhi-Mumbai Expressway and Delhi-Dehradun Expressway. The initiative is positioned as a step towards sustainable construction practices while addressing urban waste management challenges.Read more

18 Mar 2026

Tripura's Finance Minister, Pranajit Singha Roy, presented a tax-free budget of INR 34,212.31 crore for FY 2026-27, marking a 5.52% increase over last year. The budget anticipates a deficit of INR 240.72 crore while prioritising capital expenditure, projected at INR 8,945.92 crore, to boost infrastructure and employment. Key initiatives include digital transformation, rural development, and the establishment of a technical university, medical university, and women's university. Around INR 15,000 crore has been earmarked for tribal welfare, reflecting an inclusive approach despite resource constraints.Read more

18 Mar 2026

The Maharashtra Housing and Area Development Authority (MHADA) is planning to push redevelopment of several ageing housing layouts across Mumbai, Pune and Nashik to improve housing conditions and create additional supply in established urban areas. Many of these layouts are over four decades old and require redevelopment to upgrade infrastructure and living standards. At the same time, MHADA is working on a rental housing policy aimed at improving access to accommodation in cities. Strong response to housing lotteries and higher redevelopment premiums have improved the authority's financial position, enabling it to expand redevelopment and housing initiatives across Maharashtra.Read more

18 Mar 2026

Ecofy, a leading non-banking financial company focused on green finance, has raised INR 380.5 crore in equity to support its expansion in sustainable lending across rooftop solar, electric vehicles, and SME financing. The funding round included new participation from British International Investment (BII) and Finnfund Digital Access Impact Fund I (DAIF), alongside continued backing from existing investor Eversource Capital. With this capital infusion, Ecofy's capital adequacy ratio is expected to rise to around 50 per cent. In three years, the company has served over 1,20,000 customers in India.Read more

18 Mar 2026

Ezeefit Office Systems, part of Ezeefit Modular Furniture Pvt. Ltd., has introduced a dedicated e-commerce vertical, Modular Furniture Store, offering factory-direct modular office furniture across India. Designed for the modern hybrid workforce, the platform provides reconfigurable workstations, privacy booths, and storage systems that can be quickly assembled without on-site carpentry. Featuring ergonomic design, integrated power modules, and advanced cable management, the store emphasizes efficiency and flexibility. The initiative combines Ezeefit's manufacturing expertise with AI-driven digital tools, enabling businesses to plan, customize, and set up professional offices in hours rather than months.Read more

18 Mar 2026

The Maharashtra government has announced plans to develop a large IT park near the proposed Purandar international airport in Pune district. The project is expected to generate nearly one lakh jobs and support the expansion of the region's technology sector. The state government is considering around 1,500 acres of government land in villages such as Dive, Chambali and Kodit for the development. Officials said the project will move forward after land transfer formalities and cabinet approval. The proposed IT park is also intended to ease pressure on Pune's existing Hinjewadi IT hub.Read more

18 Mar 2026

Andhra Pradesh is moving ahead with plans to position itself as a key East-West cargo corridor. The Chief Minister has directed officials to start cargo handling operations at the newly built Mulapeta, Machilipatnam, and Ramayapatnam ports, aiming to route goods from inland states like Odisha, Chhattisgarh, Madhya Pradesh, Maharashtra, Telangana, and Karnataka. With rail connectivity to the Kadapa steel plant and upcoming industrial townships near the ports, the state aims to boost trade and economic activity. Fishing harbours are also planned at regular intervals to strengthen the logistics network.Read more

Mumbai News Desk

18 Mar 2026

Residents from western suburbs of Mumbai approached Mayor Ritu Tawde earlier this week to address concerns over pollution and noise from construction sites. Representing communities including Gulmohar, JVPD, Santacruz, Bandra, and Pali Hill, nearly 2,000 residents highlighted worsening air quality, excessive noise, and weak enforcement of construction norms. They urged the Brihanmumbai Municipal Corporation (BMC) to regulate construction hours, implement dust control measures, improve noise monitoring, and appoint a dedicated nodal officer to handle complaints. Their engagement reflects growing citizen demand for healthier and safer urban living.Read more

18 Mar 2026

Prime Minister Narendra Modi recently launched and laid the foundation stone for infrastructure projects worth about INR 23,550 crore in Silchar, Assam, focusing mainly on road connectivity in the Barak Valley region. The key project includes the foundation stone for the INR 22,864 crore Shillong Silchar high-speed corridor, aimed at improving regional connectivity and reducing travel time. Another major initiative is the INR 565 crore elevated corridor on National Highway-306 within Silchar city. The projects are expected to reduce congestion, strengthen transport links with neighbouring northeastern states, and support trade and economic activity in southern Assam.Read more

18 Mar 2026

Sunsure Energy has raised INR 606.22 crore in debt financing from Aseem Infrastructure Finance Limited and RBL Bank to support multiple solar projects across Maharashtra and Uttar Pradesh. The funds will back over 242 MWp of solar capacity, producing around 300 million units of clean electricity annually and reducing nearly 230,000 tonnes of CO emissions each year. The projects will supply renewable energy to commercial and industrial consumers through long-term Power Purchase Agreements. The financing also marks the start of Sunsure Energy's project funding relationship with RBL Bank while strengthening its ongoing partnership with Aseem Infrastructure Finance.Read more

Kochi News Desk

18 Mar 2026

The Kerala State Housing Board has moved forward with the Marine Eco City project planned along Kochi's Marine Drive, appointing NBCC (India) Limited as the project management consultant for the first phase of the development. The initial phase, estimated to cost about INR 480 crore, will include a mixed-use residential and commercial tower on a 3.16-acre site within a larger 17.9-acre waterfront project area. The development will feature residential apartments, retail spaces, office floors and recreational facilities. The larger multi-phase project will also include hospitality infrastructure, convention facilities and additional residential towers.Read more

18 Mar 2026

Bajel Projects has secured an INR 700 crore contract from MSETCL to establish a 400/220 kV air-insulated switchgear substation at Saswad, Pune, along with connecting transmission lines. As part of the Bajaj Group, the company has long been active in power infrastructure, handling high-voltage transmission projects across India. This project aligns with Maharashtra's efforts to modernize its power grid and enhance electricity supply in both urban and rural areas. Analysts view such government-backed orders as crucial for EPC firms to expand their portfolios and demonstrate technical expertise.Read more

17 Mar 2026

Clean energy company ReNew Green Energy Solutions has raised USD 95 million (around INR 878 crore) in equity from a consortium led by LeapFrog Investments. The funds will support the expansion of its commercial and industrial (C&I) renewable energy platform. LeapFrog has committed USD 50 million directly, with the rest coming from co-investors Emerging Market Climate Action Fund and Carlyle AlpInvest. ReNew's portfolio includes 2.5 GW capacity, over 2 GW of which is commissioned, with 1.3 GW under long-term agreements with global companies like Microsoft, Amazon, and Google.Read more

17 Mar 2026

Stoneweg Europe Stapled Trust has acquired a freehold temperature-controlled logistics facility in the Netherlands for EUR 35 million through its manager, Stoneweg EREIT Management. The acquisition strengthens the trust�s logistics and cold-chain portfolio in Europe, where demand for specialised storage linked to food, pharmaceuticals and e-commerce continues to grow. Temperature-controlled logistics assets are considered a resilient segment due to stable tenant demand and long-term lease structures. The deal forms part of the trust�s broader strategy to expand its European logistics platform and enhance income-generating assets within its portfolio.Read more

17 Mar 2026

The National Real Estate Development Council (NAREDCO) has joined hands with realty platform Magicbricks to enhance research, market intelligence, and policy discussions within the Indian real estate sector. The one-year partnership will position Magicbricks as NAREDCO's knowledge and official broadcast partner, providing research reports, monthly co-branded newsletters, and insights through MBTV. With the real estate industry moving towards greater transparency and structured frameworks, the collaboration aims to support developers, investors, and consumers by delivering accurate, timely data and digital reach, helping them make informed decisions in a complex market.Read more

17 Mar 2026

The Supreme Court has given the Noida Authority a final opportunity to comply with its earlier directions related to the long-stalled Sports City project in Sector 150, Noida. The court stressed that the authority must implement the framework already laid down to revive the development. The project, which was planned as an integrated township with sports infrastructure and residential units, had been halted after regulatory action over policy violations. The delays have affected thousands of homebuyers. The latest order indicates that the court expects authorities to move forward with approvals and ensure that the revival process is implemented.Read more

17 Mar 2026

Enterprise technology infrastructure provider Aurionpro Solutions has secured a multi-year contract valued at nearly INR 350 crore from a hyperscale operator to develop a large data centre facility in southern India. The project involves the creation of an artificial intelligence-ready green data centre designed to support high-density computing workloads and next-generation digital infrastructure requirements. Under the contract, the company will undertake the design, detailed engineering and full execution of mechanical, electrical and plumbing (MEP) works. The project commenced earlier this month and is expected to be completed over the next six to seven quarters. The contract comes amid rapid expansion in India's data centre sector, where capacity reached approximately 1.5 gigawatts in 2025 and is projected to grow to around 2 gigawatts by the end of 2026.Read more

17 Mar 2026

The State Government is enhancing emergency services in Amaravati by constructing fire stations at key locations. A new station will be established on a 50-cent site at Nelapadu within the Amaravati Government Complex, home to major administrative offices. Director General of Fire Services P. V. Ramana laid the foundation stone, with construction managed by the AP Police Housing Corporation at a cost of INR 1.28 crore. The project is set for completion by November 2026, reflecting the government's commitment to strengthening fire safety infrastructure.Read more

17 Mar 2026

The Jammu and Kashmir government is planning to develop future-ready IT Parks across the Union Territory in phases, starting with an Innovation and Research Park at the IIT Jammu campus on the outskirts of Jammu city. The project received momentum after the institute's Board of Governors approved the Detailed Project Report earlier this year and the UT administration granted in-principle approval for collaboration. The plan includes upgrading existing space at the campus, constructing new infrastructure by 2028, and expanding the park outside the campus later to encourage greater industry participation, innovation, and employment generation.Read more