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

NGT declines to stay Telangana’s Future City project, seeks replies on environmental issues

11 Apr 2026

The National Green Tribunal (NGT) has refused to grant an interim stay on Telangana's proposed Future City project near Hyderabad, while asking key authorities to respond to environmental concerns raised in a petition. The tribunal has directed the Future City Development Authority (FCDA) and the Union environment ministry to file their replies and listed the next hearing for June 9. The petition alleged that development activities began without mandatory environmental clearances. The state government has maintained that the project is still in its early stage and no violations have taken place.Read more

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Rajasthan proposes seven industrial hubs under Centre’s BHAVYA scheme to strengthen manufacturing ecosystem

11 Apr 2026

The Rajasthan government has proposed seven locations for developing industrial hubs under the Centre's BHAVYA (Bharat Audyogik Vikas Yojana) scheme, aimed at creating next-generation, plug-and-play industrial ecosystems. The proposal, submitted in the past week, aligns with the national plan to develop 100 industrial parks with modern infrastructure and integrated logistics. Most of the identified sites fall within the Delhi-Mumbai Industrial Corridor influence zone, offering connectivity advantages. Existing projects such as the Khushkhera-Bhiwadi-Neemrana Investment Region and Jodhpur-Pali-Marwar Industrial Area are already under development. The state has indicated readiness through available land parcels and an established Special Purpose Vehicle framework, which is expected to reduce project timelines and support investor participation across manufacturing and logistics sectors.Read more

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BPTP awards INR 488 crore construction contract for Downtown 66 project in Gurugram to NCC Limited

Gurugram News Desk

11 Apr 2026

BPTP Limited has awarded a construction contract worth approximately INR 488 crore to NCC Limited for its residential project, Downtown 66, located in Sector 66, Gurugram. The contract covers civil structure and finishing works for a total built-up area of about 1,79,302 sq m, including residential towers and associated amenities. Positioned along Golf Course Extension Road, the development forms part of BPTP's ongoing portfolio in the city. The project has secured IGBC Platinum pre-certification and is being designed to meet higher seismic standards. Multiple global and domestic consultants have been engaged across architecture, engineering, and sustainability disciplines, reflecting a multi-stakeholder approach to execution.Read more

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Punjab speeds up INR 1,904 crore highway works in Ludhiana to ease connectivity

Ludhiana News Desk

11 Apr 2026

The Punjab government has accelerated highway projects worth INR 1,904 crore in Ludhiana, focusing on three key corridors Ludhiana Bathinda, Southern Bypass and Ludhiana Ropar. These projects are expected to form a ring road and improve connectivity to the upcoming Halwara airport. The state has pushed for faster land acquisition, timely compensation and removal of execution delays. Alongside construction, local issues such as drainage, congestion and road safety are also being addressed. The initiative aims to strengthen urban mobility and support industrial and regional movement in and around Ludhiana.Read more

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Delhi to redevelop six flyovers with Ramayan-themed murals and green zones

Delhi News Desk

10 Apr 2026

The Delhi government has planned the redevelopment of spaces under six flyovers through public-private partnerships to improve usability and urban aesthetics. The project will introduce green zones, murals, seating areas, lighting, and sanitation upgrades. A Ramayan-themed mural at Mangi Setu is a key highlight. Companies including EaseMyTrip Foundation, Godrej Industries Group, and Dalmia Bharat Limited will execute the work under CSR initiatives. The plan focuses on converting unused spaces into safe, organised, and accessible public areas while improving overall infrastructure quality.Read more

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Vietnamese firm to invest USD 6.5 billion in Maharashtra for smart urban development

10 Apr 2026

Vin Group, a Vietnamese firm, plans to invest USD 6.5 billion in Maharashtra for sustainable urban development, electric mobility, tourism, renewable energy, and social infrastructure. The MoU with MMRDA and the Industries Department aims to create smart residential townships, large-scale electric transport solutions, international-standard schools and hospitals, a solar power project, and tourism facilities. Spread over 5,000 acres, the project is expected to generate around 24,700 jobs. The initiative aligns with Maharashtra's efforts to make Mumbai a globally competitive economic and urban hub.Read more

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Manori desalination plant clears CRZ stage, awaits final central approval

Mumbai News Desk

10 Apr 2026

Mumbai's proposed desalination plant at Manori has received conditional Coastal Regulation Zone clearance from the state authority and is now awaiting final approval from the central environment ministry. Planned by the BMC, the project will convert seawater into drinking water with an initial capacity of 200 MLD, expandable to 400 MLD. Estimated at around INR 11,166 crore, the project includes tunnels and distribution systems. While key approvals are in place, environmental safeguards and concerns raised by local fishing communities remain important before construction begins.Read more

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NHAI to develop ‘Arogya Van’ plantations along highways, identifies 17 sites for first phase

10 Apr 2026

The National Highways Authority of India (NHAI) has announced an initiative to develop Arogya Van thematic plantations of medicinal trees across vacant land parcels along National Highways to enhance biodiversity and ecological resilience. In the first phase, 17 sites covering 62.8 hectares have been identified across multiple states including Madhya Pradesh, Maharashtra, Gujarat and Tamil Nadu. The programme will involve planting approximately 67,462 trees comprising 36 medicinal species such as neem, amla and jamun, selected based on agro-climatic suitability. Priority locations include areas near toll plazas, interchanges and wayside amenities to improve public visibility. The initiative is positioned as part of broader efforts to integrate environmental considerations into highway infrastructure development.Read more

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BMC reduces tree loss significantly in revised Malabar Hill reservoir plan

Mumbai News Desk

10 Apr 2026

The Brihanmumbai Municipal Corporation (BMC) has reduced the number of trees affected in the Malabar Hill reservoir project from 389 to 76 after revising its plan. The move follows strong opposition from residents and environmental groups over the impact on green cover near Hanging Gardens. The civic body has now adopted a phased repair approach for the ageing reservoir and proposed a 52 MLD alternative tank to maintain water supply during the work. While the revision addresses key concerns, residents continue to question the need for additional construction in the area.Read more

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BEML signs MoU with DMRC to jointly pursue metro rail projects in India and overseas markets

10 Apr 2026

BEML Ltd has entered into a memorandum of understanding with Delhi Metro Rail Corporation Ltd to collaborate on metro rail projects across domestic and international markets. The agreement, signed in the past week, establishes a framework for jointly identifying and executing metro infrastructure opportunities by combining BEML's rolling stock manufacturing capabilities with DMRC's expertise in project execution and operations. The partnership comes as BEML expands its global presence, following a recent overseas metro rolling stock order worth around USD 60 million in Africa. The collaboration also includes a focus on developing indigenous technologies such as propulsion systems and tunnel boring machines to support future urban transport projects.Read more

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Bharat Mandapam underpass work to resume, completion targeted by December 2026

10 Apr 2026

The underpass project near Bharat Mandapam in Delhi has received key approval from Indian Railways, allowing construction to move ahead after a long delay. The Bhairon Marg underpass, part of the Pragati Maidan Integrated Transit Corridor, had been stalled due to technical and coordination issues. With a revised plan now cleared, work is expected to restart with a completion target set for December 2026. The project is aimed at easing congestion in central Delhi and improving connectivity around Pragati Maidan, ITO and nearby high-traffic stretches.Read more

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DCIL signs MoU with Colombo Dockyard to expand ship repair and shipbuilding collaboration

10 Apr 2026

Dredging Corporation of India Ltd (DCIL) has entered into a memorandum of understanding with Colombo Dockyard PLC to collaborate on ship repair, maintenance and shipbuilding projects, strengthening maritime cooperation between India and Sri Lanka. The agreement, signed in the past week, will enable dry-docking and repair services for DCIL's fleet while jointly exploring the construction of specialised dredgers and offshore support vessels. The partnership combines DCIL's dredging expertise with Colombo Dockyard's shipbuilding infrastructure and includes provisions for technical collaboration and knowledge sharing. The move is expected to support operational efficiency and expand capabilities across maritime services, reflecting increased cross-border cooperation in the ports and shipping sector.Read more

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Lucknow Development Authority halts demolition drive in Chinhat after resistance from builders

Lucknow News Desk

10 Apr 2026

The Lucknow Development Authority (LDA) halted a demolition drive targeting an unauthorised residential colony in Chinhat after facing resistance from builders and their associates. The enforcement action, carried out in the past week near the Kisan Path corridor, was aimed at clearing illegal plotting spread across nearly seven acres. Officials withdrew from the site after disruptions escalated into stone-pelting, raising safety concerns. The authority has stated that the drive will be resumed with police protection. The incident highlights operational challenges faced by planning authorities in enforcing development regulations amid on-ground opposition. It also reflects ongoing efforts by the LDA to curb unauthorised colonies and ensure compliance with approved layout plans in expanding urban zones of Lucknow.Read more

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Ahmedabad civic body seals three construction sites in Gota for breaching dust control norms

Ahmedabad News Desk

10 Apr 2026

The Ahmedabad Municipal Corporation (AMC) has intensified enforcement of its Good Construction Practice Policy by sealing three construction sites in the Gota area in the past week for failing to implement mandatory dust mitigation measures. The projects Evera, S Plus and Solo Bliss 2 were found non-compliant with requirements such as green netting and barricading to control particulate emissions. One of the sites was additionally fined INR 1 lakh for spilling construction material onto a public road, creating a traffic hazard. The crackdown extended to other parts of the city, with additional penalties imposed in Bodakdev and Thaltej for pollution and safety violations. The drive also included removal of encroachments along a key service road to ease traffic movement.Read more

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PM highlights maritime sector’s role in strengthening trade and connectivity on National Maritime Day

10 Apr 2026

Prime Minister Narendra Modi has reiterated the strategic importance of India's maritime sector in supporting economic growth, trade and logistics connectivity, marking National Maritime Day in the past week. In a public message, he acknowledged the contribution of stakeholders across shipping and port ecosystems, noting their role in strengthening the country's economic framework. The statement also reaffirmed the government's commitment to further developing maritime infrastructure and leveraging the sector's potential for future growth. The remarks come amid ongoing policy emphasis on port modernisation, coastal infrastructure, and expansion of shipping capacity as part of India's broader infrastructure and logistics strategy.Read more

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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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