Kotak Mahindra Bank: RLLR: 0.75 | From: 8.7% - To: 10.5%
Union Bank of India: RLLR: 0.5 | From: 8.5% - To: 10%
Bank of Baroda: RLLR: 0.5 | From: 9.25% - To: 11%
HDFC Bank: RLLR: 0.75 | From: 8.5% - To: 8.8%

Asset class : Infrastructure

ADB delegation studies Navi Mumbai's waste management and infrastructure

An international delegation from the Asian Development Bank (ADB) paid a study visit to Navi Mumbai Municipal Corporation (NMMC) earlier this week to review the city's urban development practices and innovative solid waste management systems. The visit, facilitated by the Ministry of Housing and Urban Affairs, included detailed presentations on infrastructure, sustainability initiatives, and future roadmaps, as well as site visits to pioneering projects such as textile recycling facilities, nature parks, and advanced water treatment plants.Read more

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Mumbai Metro Line 4 to open next year, first phase in Feb 2026

The first trial coaches for Mumbai Metro Line 4 were placed on tracks near Anand Nagar, Thane, on August 25, 2025, marking the project's final phase. Trial runs are set to begin in September, with the Yellow Line-running from Wadala to Kasarvadavali-expected to open to the public next year. Deputy CM Shri Eknath Shinde confirmed that work on Thane's underground internal metro line, linked to Line 4, is also progressing. The trial coaches, supplied under a BEML-L&T Alstom JV contract, will test systems before final trains arrive. The first operational stretch, a 10.5-km segment with 10 stations, will open in February 2026.Read more

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Kolkata civic body to monitor structural health of reconstructed homes amid metro concerns

The Kolkata Municipal Corporation has decided to monitor reconstructed houses in Durga Pituri Lane and nearby areas for ten years to address concerns about possible damage caused by metro operations. The move comes after residents expressed fears of recurring structural failures, while councillors urged the creation of a dedicated monitoring cell and experts from Jadavpur University were brought in to ensure construction quality and safety.Read more

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Samruddhi Expressway to become green corridor with Solar and Wind hybrid project

The Maharashtra State Road Development Corporation (MSRDC) has drawn up plans to install a hybrid power generation system, combining solar panels and wind turbines, along the 701-km Samruddhi Expressway. The initiative, led by a new special purpose vehicle, Mahasamruddhi Renewable Energy Limited, is planned to generate 150-200 MW of power. This move aims to reduce electricity costs for the expressway's operations and make it an energy-efficient "green corridor," contributing to the state's overall goal of adding 17,360 MW of renewable energy by 2030.Read more

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Gujarat sanctions INR 490 crore for 2,055 new gram panchayat buildings

The Gujarat government has sanctioned a grant of INR 489.95 crore for the construction of 2,055 new gram panchayat buildings under the Gram Panchayat Ghar cum Talati-Mantri Awas Yojana. The funds will be distributed according to village population, with larger villages receiving higher allocations. The initiative is aimed at ensuring all panchayats have dedicated buildings, strengthening rural governance infrastructure.Read more

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UP Government approves GIS-based master plan 2031 for Ghaziabad

The Uttar Pradesh government has approved the unified, GIS-based Master Plan 2031 for the Ghaziabad region, following a seven-year drafting process. This comprehensive roadmap for urban growth, covering 33,543 hectares, focuses on Transit-Oriented Development (TOD) and Special Development Areas (SDA). The plan is designed to accommodate a projected population of 64 lakh by 2031 and is expected to spur both residential and commercial development. This initiative is a strategic move to reposition Ghaziabad as a self-sustaining growth hub, aiming to address the city's housing and infrastructure needs.Read more

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PM Modi inaugurates new Kolkata metro corridors to boost urban connectivity and real estate

Prime Minister Shri Narendra Modi on August 22, 2025, inaugurated new stretches of the Green, Orange, and Yellow metro lines in Kolkata, marking a significant push for urban infrastructure. The projects, worth over INR 5,200 crore, are expected to transform the city's commute by directly linking the airport to major railway hubs and IT corridors. This expansion is projected to spur residential and commercial real estate growth in eastern and southern Kolkata, with experts forecasting a property value appreciation of at least 5% in the metro-linked micro-markets.Read more

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BDA issues global tender to prepare Bengaluru's Revised Master Plan 2041

The Bangalore Development Authority (BDA) has initiated a global tender for the Revised Master Plan 2041 (RMP-2041) to address Bengaluru's growing urban challenges. This comes after the previous RMP-2031 was shelved amid criticism over scientific and planning gaps. The new plan focuses on managing population growth, urban sprawl, traffic congestion, and sustainable development. A high-resolution 3D drone survey is underway, covering 1,240 square kilometers, to provide detailed spatial insights. The plan emphasizes transit-oriented development and better infrastructure alignment, with completion targeted by mid-2026.Read more

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Maharashtra CM pledges industries, jobs, and education in Gadchiroli

On Gadchiroli's 43rd foundation day, Maharashtra Chief Minister Shri Devendra Fadnavis pledged to transform the district into a development hub, highlighting progress in reducing Maoist influence and boosting infrastructure, education, and employment. He noted that nearly half the district is now Maoism-free, with initiatives like Police Dadalora Khidki helping tribal communities access government schemes. Plans include turning Gadchiroli into India's "steel city" with INR 1 lakh crore investments from companies like Lloyds Metals and JSW in Surjagarh's iron ore reserves. Education reforms include affiliating colleges with Gondwana University and launching the Ek Gaon, Ek Granthalaya scheme, establishing 71 libraries for 8,000 students.Read more

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HUDCO approves INR 3,000 crore NCD issue to fund housing and infra projects

The Housing and Urban Development Corporation (HUDCO) will raise up to INR 3,000 crore through non-convertible debentures (NCDs) via private placement, as part of its plan to mobilize INR 65,000 crore in FY 2025-26. Backed by strong Q1 FY26 results, HUDCO reported a 13% rise in consolidated net profit to INR 630.23 crore and a 34% jump in total income to INR 2,945.47 crore. Loan sanctions more than doubled to INR 34,224 crore, with disbursements hitting a record INR 12,812 crore. With a loan book of INR 1.34 lakh crore, HUDCO aims to channel fresh funds into housing and infrastructure projects under schemes like PMAY and Smart Cities.Read more

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Kerala CM lays foundation for Adani's 70-acre logistics hub in Kochi

Kerala Chief Minister Shri Pinarayi Vijayan laid the foundation stone for the Adani Group's new logistics park in Kalamassery, Kochi, a project with an initial investment of over INR 600 crore. The park, which will span 70 acres and cover 13 lakh square feet, is a significant outcome of the Invest Kerala Global Summit and a pivotal step in the state's drive to become an industrial hub. It is also a key component of Adani's broader multimodal logistics network in the region, which includes the Vizhinjam Port. The project is expected to create over 1,500 jobs and modernize the state's supply chain infrastructure.Read more

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Greater Bengaluru Authority set to take charge as BBMP transitions into five new municipal corporations

The Greater Bengaluru Authority (GBA) is preparing to start operations early next month, marking the official replacement of the Bruhat Bengaluru Mahanagara Palike (BBMP). Bengaluru will be divided into five municipal corporations East, West, North, South, and Central with offices assigned from existing government properties. BBMP headquarters will become the Chief Minister's office as GBA Chairperson, and the Urban Development Minister will operate from the former Deputy Mayor's office. Revenue, liabilities, staff, and administrative zones are being redistributed across the new corporations, guided by draft orders and public feedback submitted recently, ensuring a smooth transition.Read more

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Reliance Infrastructure sells Pune-Satara toll road project to Cube Highways in INR 2,000 crore deal

Reliance Infrastructure has finalised the monetisation of its Pune-Satara Toll Road project by transferring full ownership of PS Toll Road Pvt Ltd to Singapore-based Cube Highways and Infrastructure III. The agreement is valued at an enterprise value of around INR 2,000 crore. Reliance Infra will receive equity proceeds of INR 600 crore and reduce consolidated debt by INR 1,400 crore through the transaction. The move is in line with the company's strategy to unlock value from non-core assets, maintain financial discipline, and focus on its long-term business areas.Read more

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Navi Mumbai: NMMC cracks down on unauthorized construction in Airoli and Koparkhairane

The Navi Mumbai Municipal Corporation (NMMC) recently carried out demolition drives in Airoli and Koparkhairane against unauthorized constructions that continued despite prior notices. Acting under the Maharashtra Regional and Town Planning Act, 1966, the Encroachment Department removed illegal structures, imposed fines, and deployed manpower and equipment for the operations. The drives were conducted under the supervision of senior officials, with support from the local police. Authorities indicated that such anti-encroachment actions will continue more strictly going forward.Read more

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Current Infraprojects to launch IPO to fund solar project at IIT Dhanbad

Current Infraprojects Limited, an infrastructure and EPC service provider, is set to launch its Initial Public Offering (IPO) on Tuesday, August 26, 2025, to raise approximately INR 41.80 crore. The company proposes to list on the NSE Emerge platform, a move that capitalizes on a specialized market for small and medium-sized enterprises. The net proceeds from the IPO will be primarily used to fund a 1800 KW solar plant at IIT (Indian School of Mines), Dhanbad, under the RESCO business model, and to meet working capital requirements for its diverse portfolio of projects.Read more

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Tembo Global raises INR 317 crore to expand infra, EPC, and defence projects

Tembo Global Industries Ltd has successfully raised INR 316.7 crore through a mix of preferential equity and share warrants to fund its aggressive growth strategy. The capital infusion, which saw strong participation from promoters and strategic partner Mohammed Abdul Nayeem of Saudi Arabia's Masah Construction, will be used to scale up the company's EPC operations and accelerate its recent foray into the high-potential defence manufacturing and infrastructure sectors. This move aligns the company with the Indian government's 'Make in India' and 'Atmanirbhar Bharat' initiatives, positioning it as a key player in the nation's industrial build-out.Read more

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Trichy Corporation begins LED upgrade drive across 65 wards

The Trichy Corporation has launched a INR 2 crore project to upgrade 3,250 streetlights from 20-watt to 40-watt LEDs across residential areas, following complaints about poor visibility and safety concerns. Around 650 lights will be replaced in each of the city's five zones, with work to be completed in phases over the coming months. The 20-watt LEDs, installed in 2018 during the city's shift from sodium and fluorescent lamps, are now inadequate due to urban growth and rising traffic. Each ward will get 50 brighter lights, prioritizing junctions and busy streets, while 20-watt LEDs will remain on narrower roads to balance costs.Read more

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Unplanned construction blamed for flooding on Vasai-Virar railway tracks

Severe flooding on a 1.5-km stretch of railway track in Vasai, which disrupted train services on the Virar-Churchgate route, was caused by rampant and unplanned construction in the Vasai-Virar area, according to the Western Railway (WR). The construction on salt pan lands, mangroves, and waterholes, along with choked culverts, has led to rainwater and water from the Pelhar dam overflowing onto the tracks. Despite similar flooding in 2018 and a subsequent report from NEERI and IIT-Bombay, the recommended solutions have not been implemented by the authorities, leading to repeated disruptions.Read more

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Supreme Court upholds toll suspension on Ernakulam-Mannuthy Highway

The Supreme Court has upheld a Kerala High Court order suspending toll collection for four weeks on the 65-km Ernakulam-Mannuthy stretch of NH-544, setting an important precedent for road accountability. Chief Justice B.R. Gavai and Justice K. Vinod Chandran ruled that citizens cannot be forced to pay tolls amid traffic jams, poor service roads, and potholes, stressing that user fees must guarantee safe, unhindered access. The Court noted, "The toll is really on the purse and patience of the citizen." Rejecting NHAI's appeal, the judgment underscores a citizen-centric approach, tying toll rights directly to the quality of road services provided.Read more

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NMMC strengthens water testing with new digital monitoring system

The Navi Mumbai Municipal Corporation's Environmental Laboratory, certified under ISO 9001:2015, has introduced a new digital monitoring system for water quality testing. The 'e-System Water Sample Inspection Report and Monitoring System' (WQMS) was launched by Municipal Commissioner Dr. Kailash Shinde earlier this week. The laboratory already tests drinking water, wastewater, and private samples, and with this system the entire process from collection to reporting has become digital and transparent. The Commissioner also advised seeking NABL accreditation and expanding testing to cover food vendors. The system improves accuracy, tracking, and accessibility of water-quality data for both officials and citizens.Read more

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