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

Central Railway’s 15-coach train expansion moves slowly as work completed at only 5 of 34 stations

12 Mar 2026

The expansion of 15-coach suburban train services on Mumbai�s Central Railway network has progressed slowly, with platform extension work completed at only five of the 34 identified stations. The project is aimed at enabling longer trains on the Chhatrapati Shivaji Maharaj Terminus�Kalyan, Kasara and Khopoli routes to increase passenger capacity and reduce overcrowding. Infrastructure upgrades such as platform lengthening, signalling adjustments and electrical modifications are required before these services can operate widely. Railway officials indicated that once the remaining work is completed, more 15-coach trains will be introduced to improve commuter capacity on the busy corridor.Read more

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Telangana RERA allows homebuyers to complete stalled housing projects

12 Mar 2026

Telangana's real estate regulator has empowered homebuyers to take control of stalled housing projects after developers defaulted, ensuring work can be completed under official supervision. In two Jayathri Infrastructures projects, flat owners formed associations with regulatory backing to resume construction, secure municipal approvals, and obtain occupancy certificates. One project is now complete, while work has restarted on the other. Alongside penalties and cancellation of builder registrations, this action highlights RERA's proactive role in safeguarding investments, enabling buyers to complete stalled projects, and setting a precedent for similar interventions in the state.Read more

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Work begins on Patna water metro corridor with electric ferry charging station planned at Gandhi Ghat

Patna News Desk

12 Mar 2026

Construction activity has commenced on the Patna Water Metro project with the development of the first electric ferry charging station at Gandhi Ghat along the Ganga riverfront. The facility will support battery-powered vessels planned for the project's initial 10.5 km corridor connecting Digha Ghat and Kangan Ghat through several intermediate riverfront stops. The urban water transport initiative, estimated to cost about INR 908 crore, is being implemented jointly by the Inland Waterways Authority of India and the Bihar government with technical support from Cochin Shipyard. Charging infrastructure at Gandhi Ghat will form a key operational node for electric ferries, with additional charging facilities planned at other terminals as the corridor develops. Authorities expect the system to introduce an alternative mode of commuting across Patna's riverfront while supporting cleaner mobility and reducing pressure on congested road corridors in the city.Read more

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AI-powered elephant intrusion detection system on Palakkad railway stretch faces delays despite near-complete installation

12 Mar 2026

An artificial intelligence-based elephant intrusion detection system planned for the Palakkad–Madukkarai railway stretch on the Kerala–Tamil Nadu border has been delayed despite most installation work being completed. The system, intended to detect elephant movement near railway tracks and alert train crews in real time, was originally scheduled for commissioning by December 2024. Railway officials have indicated that additional trials and certification procedures are required before the technology can be operationalised. The corridor passes through forested terrain known for frequent elephant crossings and forms a key rail link between Kerala and Tamil Nadu, carrying a large number of passenger and freight services daily. Until the system becomes operational, railways and forest authorities continue to rely on precautionary measures such as speed restrictions, solar fencing, warning signboards and manual patrols to reduce the risk of train–elephant collisions.Read more

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GLADA takes action against builders for unauthorized construction in Ludhiana

Ludhiana News Desk

12 Mar 2026

The Greater Ludhiana Area Development Authority (GLADA) recently issued notices to two builders for carrying out construction beyond sanctioned limits and conducting commercial activity without approval. One builder had extended construction and violated building plans sanctioned in April 2024, while another added a basement and four floors against the approved structure. GLADA officials warned that any deviation could result in plan cancellation, sealing, or demolition, with legal responsibility resting entirely on the builders or property owners. This move is part of a sustained effort to curb unplanned urban development.Read more

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Centre launches INR 33,500 crore infrastructure push in Delhi with new metro corridors and government housing redevelopment

Delhi News Desk

12 Mar 2026

Prime Minister Narendra Modi inaugurated and laid the foundation stone for multiple infrastructure and urban development projects worth around INR 33,500 crore in Delhi in the past week, combining metro network expansion with large-scale government housing redevelopment. The initiative includes the launch of two Delhi Metro corridors — the 12.3 km Majlis Park-Maujpur Babarpur stretch on the Pink Line and the 9.9 km Deepali Chowk–Majlis Park corridor on the Magenta Line — aimed at improving connectivity in north and north-east parts of the capital. In addition, the government initiated redevelopment works under the General Pool Residential Accommodation (GPRA) programme valued at about INR 15,200 crore, covering housing and office infrastructure in key government colonies. The projects form part of broader efforts to expand urban mobility and modernise central government housing assets across the national capital.Read more

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IRFC approves INR 70,000 crore borrowing plan for FY27 to support railway financing

12 Mar 2026

Indian Railway Finance Corporation (IRFC) has approved a borrowing programme of up to INR 70,000 crore for the financial year 2026-27 to meet the funding needs of Indian Railways and support its lending operations. The funds will be raised through a mix of financial instruments depending on market conditions. The borrowing will be used for railway project financing, refinancing of existing liabilities and supporting new initiatives under the company's IRFC 2.0 strategy. As the dedicated financing arm of the Ministry of Railways, IRFC continues to play a key role in raising capital for railway infrastructure development in India.Read more

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NHAI launches first national highways green cover index report

12 Mar 2026

The National Highways Authority of India has released the first National Highways Green Cover Index (NH-GCI) report for 2025-26, providing a satellite-based measurement of vegetation along India's highways. Using data from ISRO's National Remote Sensing Centre, the study assessed around 30,000 km of highways across 24 states for the July-December 2024 period, estimating green cover within the Right of Way. The report ranks states on green cover, with Assam, Gujarat, Telangana, Bihar, and Tamil Nadu leading, and Himachal Pradesh, Delhi, Chhattisgarh, Odisha, and Jammu & Kashmir at the lower end. It sets a baseline for future monitoring.Read more

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Indian Railways proposes overhaul of PPP policy with 50-year concession period and government-led land acquisition

11 Mar 2026

Indian Railways has proposed significant changes to its decade-old public-private partnership (PPP) policy to attract greater private investment in railway infrastructure projects. The revised framework proposes extending concession periods for private developers to up to 50 years and shifting full responsibility for land acquisition and associated costs to the railways. The policy revision follows limited private sector participation under the existing PPP framework, where project risks such as land acquisition delays and uncertain revenue recovery discouraged investment. Officials said the reforms aim to improve project viability and provide long-term revenue certainty for investors. The changes are expected to support upcoming railway infrastructure initiatives, including freight corridors and new rail lines planned under national infrastructure expansion programmes. The Ministry of Railways is currently evaluating the proposed amendments before finalising the revised PPP framework.Read more

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Pune civic body proposes INR 13,995 crore budget with focus on roads, mobility and merged villages

11 Mar 2026

The Pune Municipal Corporation has presented a draft budget of INR 13,995 crore for the financial year 2026-27, with a strong focus on urban mobility, road development and infrastructure expansion. A major share of the allocation has been directed towards improving road connectivity and supporting development in the 34 villages that were recently merged into the city limits. Around INR 1,800 crore has been earmarked for road and transport infrastructure, along with funds for land acquisition, footpath development and environmental initiatives. The civic administration expects an improvement in revenue in the coming financial year despite the ambitious outlay.Read more

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Bihar launches INR 542 crore tunnel project to connect Bihar Museum and Patna Museum

11 Mar 2026

The Bihar government has started construction of an underground tunnel that will connect the Bihar Museum with the historic Patna Museum in Patna. The project, estimated at around INR 542 crore, aims to improve visitor movement between the two important cultural institutions located close to each other in the state capital. Chief Minister Nitish Kumar initiated the tunnelling work by activating the tunnel boring machine near Hartali Mor on Nehru Path. The tunnel is planned as a heritage corridor with displays related to Bihar's culture and history and is expected to strengthen tourism infrastructure in the city.Read more

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Mumbai BMC mandates expert checks for high-rise building foundations

Mumbai News Desk

11 Mar 2026

The Brihanmumbai Municipal Corporation (BMC) has introduced mandatory independent geotechnical oversight for foundations of high-rise buildings, aiming to strengthen construction safety in the city's dense urban areas. Buildings taller than 180 m must now receive clearance from the High-Rise Committee (HRC) at key construction stages, ensuring soil investigations, shoring, and excavation practices meet rigorous standards. This move follows past foundation and shoring failures, and includes empanelled senior engineers from academia and industry. It represents the first municipal-level geotechnical requirement in Asia and could serve as a model for other growing cities.Read more

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Pune’s new double-decker flyover opens at university chowk to ease traffic movement

11 Mar 2026

A double-decker flyover at Savitribai Phule Pune University Chowk in Pune has been opened to traffic, aiming to reduce congestion at one of the city's busiest intersections. Built by the Pune Metropolitan Region Development Authority (PMRDA) at a cost of about INR 277 crore, the project integrates a road flyover with a Metro viaduct above it for the Hinjewadi-Shivajinagar Metro Line-3. The 1.7 km structure connects key areas including Baner, Aundh, Pashan and Shivajinagar. Officials expect the new infrastructure to shorten travel time and improve connectivity across western Pune's major residential and IT corridors.Read more

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Delhi plans 5-km flood wall along Yamuna from Majnu Ka Tila to Kashmere Gate to shield north Delhi from monsoon flooding

Delhi News Desk

11 Mar 2026

The Delhi government is planning to construct a nearly 5-km flood protection wall along the Yamuna river between Majnu Ka Tila and Kashmere Gate to safeguard low-lying neighbourhoods in north Delhi from recurring monsoon flooding. The project, estimated to cost around INR 50 crore, has been approved by the Yamuna Standing Committee and will run largely along the Ring Road corridor. The proposed structure will extend about 4.72 km and include sections of reinforced cement concrete in high-risk areas and masonry barriers along the remaining stretch. The wall is designed to rise roughly six feet above the anticipated maximum flood level to prevent river water from entering nearby residential and commercial zones. The initiative follows the severe flooding of 2023 that affected several parts of north Delhi and disrupted traffic and daily activity in the capital.Read more

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Karnataka budget focuses on balanced growth and infrastructure expansion

11 Mar 2026

Karnataka Chief Minister Siddaramaiah presented the state's largest budget, allocating INR 4,48,004 crore (around USD 54.7 billion) to promote balanced development, combining social welfare with infrastructure and economic transformation. Key initiatives include an IT Park in Mangaluru, making Mysuru the second IT city, and establishing a Bengaluru Robotics and AI Innovation Zone. The budget also focuses on education, healthcare, water projects, regional development, and employment generation. Revenue and fiscal deficits are projected within legal limits. The plan reflects a long-term framework, known as the "11G model," guiding Karnataka's growth and addressing regional and social disparities.Read more

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Delhi plans ecological revival of Narela’s Tikri Khurd lake with the city’s first meadow park

Delhi News Desk

11 Mar 2026

The Delhi Development Authority (DDA) has started work to restore the deteriorating Tikri Khurd Lake in Narela and convert the surrounding area into Delhi's first meadow park. The initiative follows directions issued after a site inspection by Lieutenant Governor V.K. Saxena, who highlighted the severe pollution and encroachment affecting the lake. Spread across about 40 acres with an additional 72 acres of surrounding land, the project will focus on ecological restoration, sewage treatment and landscape redevelopment. Planned features include grassland meadows, tree plantations, cycling tracks, viewing decks and environmental facilities aimed at reviving biodiversity and improving public access to green space.Read more

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Uttar Pradesh mandates water bodies in large real estate projects

11 Mar 2026

Uttar Pradesh's housing department has issued a directive for real estate projects spanning 10 acres or more to reserve 1 % of their land for water bodies. This initiative is aimed at enhancing groundwater recharge, diverting surface runoff, and enabling the reuse of water for non-potable purposes such as cleaning, landscaping, and irrigation. Developers are also required to minimize concrete in parks and green spaces, and use permeable materials for walkways and jogging tracks. Surveyors and geomatics experts will help locate these water bodies at natural low points to ensure effective water collection.Read more

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Mohali residents demand immediate resumption of stalled PR-6 road construction amid prolonged legal dispute

11 Mar 2026

Residents of several housing societies in Mohali have demanded urgent action to resume construction of the long-delayed PR-6 road, a planned arterial corridor intended to improve connectivity between Airport Road and the Kharar Landran Road. Members of the Committee of Resident Welfare Associations and Societies (CORWAS) staged a protest outside a private developer's office in Sector 119 in the past week, alleging that the project has remained stalled due to a legal dispute involving the builder. Residents said the road alignment was earlier used in marketing nearby real estate projects but construction has not progressed, affecting thousands of households across the Mega Mohali area. The matter is currently before the court, with the next hearing scheduled for early April. Authorities have not commented on the issue, citing the case's sub judice status.Read more

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Karnataka to launch AI-driven Kaveri 3.0 and GIS land stack for property registration

11 Mar 2026

Karnataka is modernising its land records and property registration system under the Budget 2026-27 with new technology initiatives. The government will introduce Kaveri 3.0, an AI-enabled, paperless registration system to simplify and digitise property transactions. In parallel, a Karnataka Land Stack will consolidate data from Bhoomi, Mojini, Kaveri, e-Swathu, and e-Aasthi into a unified GIS-based platform. These reforms aim to improve transparency, reduce manual procedures, enable remote registrations, and streamline property-related processes for buyers, developers, and government agencies, building on prior efforts to digitise land and registration services.Read more

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Haryana proposes 33 km six-lane corridor to improve Gurugram Jhajjar road connectivity

11 Mar 2026

The Haryana government has proposed a 33 km six-lane road corridor aimed at improving connectivity between Gurugram and Jhajjar and easing traffic movement in the region. The project will run from the Harsaru bypass on the Gurugram Pataudi Road near Wazirpur on NH-352W and connect to Jhajjar on NH-352. The plan also includes a bypass around Farrukhnagar to divert through-traffic away from the town. Authorities have started the process of appointing a consultant to prepare the detailed project report, which will assess alignment, feasibility, environmental aspects and estimated costs for the corridor.Read more

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