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

HUDCO hosts 'Har Ghar Tiranga' event, to distribute 10,000 flags

The Housing and Urban Development Corporation (HUDCO), a Navratna NBFC-IFC under the Ministry of Housing and Urban Affairs, recently organised a two-day programme at the India Habitat Centre in New Delhi as part of the nationwide 'Har Ghar Tiranga' campaign. The event, inaugurated by Ministry Secretary Srinivas Katikithala, featured flag distribution, tricolour-themed decorations, and public participation to promote unity, pride, and respect for the national flag. HUDCO announced plans to distribute over 10,000 flags through kiosks at the venue and regional offices.Read more

cover photo

Tata Power and Suzlon Partner for INR 6,000 crore wind project in Andhra Pradesh

Tata Power has signed a INR 6,000 crore wind power project deal with Suzlon Energy in Andhra Pradesh. This initiative, which marks the state's first wind power project since 2019, involves the development and construction of 700 MW of wind turbines. It is part of a larger 7 GW mega plan by Tata Power Renewable Energy and the state government, estimated to be a INR 49,000 crore investment, and is being executed under the new Integrated Clean Energy (ICE) Policy to boost the state's renewable energy sector.Read more

cover photo

Santacruz Chembur Link Road cable-stayed bridge to open on Aug 14

The final stretch of the Santacruz Chembur Link Road (SCLR) extension, a new cable-stayed bridge over the Western Express Highway (WEH), will open for traffic on August 14, 2025. This much-awaited connector, executed by the Mumbai Metropolitan Region Development Authority (MMRDA), promises to provide a direct, signal-free passage from Kurla to the Western Express Highway, easing traffic bottlenecks and reducing peak-hour travel times by 15-20 minutes. The project, which was delayed due to design and logistical issues, is a significant step in improving Mumbai's east-west connectivity.Read more

cover photo

Mumbai Coastal Road promenade to open on Independence Day

The promenade section of the Mumbai Coastal Road project will open to the public on Independence Day August 15, 2025. A 5.25 km stretch of the total 7.5 km promenade, which features pedestrian pathways, cycling tracks, and viewing decks, will be opened to the public. The inauguration will also mark the opening of the Coastal Road for 24x7 vehicular traffic. The promenade is the first major public amenity to be opened on the Coastal Road, which aims to ease traffic congestion between south and north Mumbai.Read more

cover photo

BMC plans post-monsoon repairs and rehabilitation of Parel TT Flyover

The Brihanmumbai Municipal Corporation (BMC) is planning to undertake repairs and rehabilitation of the Parel TT flyover after the current monsoon season. The project, which involves demolishing the existing structure and building a new one, is aimed at improving traffic flow on this busy route. The flyover, originally constructed over five decades ago, is currently in a dilapidated state. With repairs set to begin post-monsoon, the project highlights BMC's efforts to address the challenges of maintaining aging infrastructure and enhancing urban mobility in Mumbai.Read more

cover photo

Inox Green inks pact to manage 182 MW of wind projects in Western India

Inox Green Energy Services has signed an agreement with a major Indian conglomerate to operate and maintain 182 MW of operational wind projects in Western India. The pact involves converting a limited-scope O&M contract for 82 MW to a comprehensive one, as well as an early renewal for another 100 MW of projects. This agreement, which spans the entire life of the projects, reinforces Inox Green's position as a major service provider in India's renewable power sector, with over 5 GW of assets under management.Read more

cover photo

CAG flags lapses in Goa construction workers' welfare schemes

A CAG performance audit tabled in the Goa Legislature has exposed major lapses in the welfare of construction workers. Over 798 interstate labourers were unregistered, missing out on benefits, while poor data sharing weakened oversight. Village panchayats failed to collect a 1% cess, losing INR 3.8 crore, and builders withheld INR 5.2 crore. Administrative costs soared beyond the 5% cap, and funds lay idle in low-interest accounts. Unqualified people were wrongly registered for COVID-19 benefits, and site inspections were irregular, with safety gear and facilities often missing. The CAG urged tighter registration, better cess recovery, stricter inspections, and faster delivery of welfare benefits.Read more

cover photo

Noida Authority warns of plot cancellations over illegal encroachments

Noida Authority launched a decisive drive against unauthorised constructions, warning homeowners that plot allotments could be cancelled if balcony extensions, extra rooms or fences encroaching on Authority land are not removed. Notices have already been issued under Section 10 of the UP Industrial Area Development Act. The CEO has instructed officials to serve these directly at properties and maintain detailed records. Alongside the crackdown, the Authority is pushing for faster completion of delayed infrastructure works, including the Bhangel Elevated Road, and is implementing measures to improve drainage, cleanliness, verge maintenance and control over stray cattle.Read more

cover photo

Mumbai's Deonar waste-to-energy plant faces year-long delay amid regulatory hurdles

Mumbai's waste-to-energy plant at Deonar is expected to be delayed by a year, pushing its completion to October 2026. The contractor, M/s Chennai MSW Pvt Ltd, cited delays in obtaining statutory clearances, including environmental clearance and a consent to establish (CTE). The BMC is also facing a setback after a state authority directed it to reapply for an increase in the plant's power capacity. This delay highlights the challenges in implementing large-scale, environmentally sensitive projects and raises concerns about Mumbai's inadequate solid waste management.Read more

cover photo

Over 16 lakh households benefit from rooftop solar installations under PM Surya Ghar Scheme

The government's PM Surya Ghar: Muft Bijli Yojana (PMSG: MBY), launched in early 2024, has successfully enabled rooftop solar installations in over 16.78 lakh households, with more than INR 9,280 crore disbursed as Central Financial Assistance. This initiative aims to reach one crore residential rooftop solar setups by 2026-27. The scheme effectively merged with the earlier Grid Connected Rooftop Solar Programme Phase-II, which had been active since 2019 and extended until March 2026. These efforts reflect a growing push toward renewable energy adoption at the household level across the country.Read more

cover photo

New Belasis Bridge in Mumbai to open by December 31, ahead of schedule

The new Belasis Bridge in Mumbai is set to open by December 31, 2025, ahead of its original deadline of April 2026. A 130-year-old British-era structure, the bridge was declared unsafe and demolished. The reconstruction, a joint project of the BMC and Western Railway, is now in its final stages. The new six-lane, cable-stayed bridge is designed to ease traffic congestion and improve connectivity between Nagpada and Tardeo, providing a much-needed upgrade to the city's aging infrastructure.Read more

cover photo

MMRDA begins dismantling BKC cycle tracks to ease traffic congestion

The Mumbai Metropolitan Region Development Authority (MMRDA) has begun dismantling cycle tracks in the Bandra-Kurla Complex (BKC) as part of a traffic management plan to ease severe congestion. The project, which involves removing a 9-kilometer stretch of tracks built in 2021 at a cost of nearly INR 60 crore, will convert existing 2+2 lane roads into 3+3 lanes. The decision, which will cost an estimated INR 25 crore to implement, was made after the tracks were found to be largely underutilized while traffic volume continued to swell, a situation exacerbated by the closure of the Sion bridge.Read more

cover photo

Mumbai Metro Update: Wadala-Kasarvadavli Metro Line 4 set for September trial runs

Deputy Chief Minister Shri Eknath Shinde has announced that trial runs for Mumbai Metro Line 4, from Wadala to Kasarvadavli, will begin in September, with commercial operations expected by year-end. Spanning 32.3 km and costing INR 14,500 crore, the line will have 32 stations and interchanges with Metro 2B, 5, and 6, boosting connectivity and reducing road congestion. The first phase, Wadala-Ghatkopar, is nearly complete, with track laying and system integration underway. Once fully operational, Line 4 is projected to carry over 8 lakh passengers daily, cutting travel time between south-central Mumbai and Thane and strengthening the city's metro network.Read more

cover photo

Mysuru Development Authority sanctions new layouts and digital property management drive

The Mysuru Development Authority (MDA) has approved a series of measures to boost residential infrastructure and improve property management. Key decisions include auctioning corner and intermediate sites, allocating land to families of war martyrs, and approving layouts covering nearly 400 acres to meet future housing demand. The MDA will launch mobile apps for asset tracking, record digitisation, and monitoring legal disputes over land. Civic amenity sites for hostels and facilities by energy and education departments also received approval. Additionally, sale deeds will be issued to allottees upon clearing dues. The moves aim to enhance transparency, efficiency, and social recognition in Mysuru's urban development.Read more

cover photo

PM Modi launches Bengaluru Metro Yellow Line from RV Road to Bommasandra

The Prime Minister inaugurated Bengaluru's Yellow Line Metro, a 19 km stretch from RV Road to Bommasandra. The INR 7,160 crore project adds 16 stations and expands the city's operational metro network to over 96 km. Officials said the corridor will ease pressure on Hosur Road, Silk Board and Electronics City, with train intervals starting at 25 minutes and planned to be reduced to 10 minutes.Read more

cover photo

MMRDA installs 450-tonne steel span for Mumbai Metro Line 4

The Mumbai Metropolitan Region Development Authority (MMRDA) has installed a 58-metre-long, 450-tonne steel span over the Pantnagar-Ghatkopar bus stand for Metro Line 4, completing the task in just two nights despite heavy rain, busy traffic, and limited space. Using high-capacity cranes, trailers, and other specialised equipment, over 100 workers and engineers, supported by traffic management teams, ensured safe execution. The Wadala-Kasarvadavali Metro Line 4 is now 84.5% complete. This milestone marks a major step toward enhancing connectivity and cutting travel times across the Mumbai Metropolitan Region, with MMRDA crediting government agencies for their cooperation in delivering the challenging operation.Read more

cover photo

The House of Abhinandan Lodha (HOABL) sets Guinness World Record with largest floral mosaic in Vrindavan

The House of Abhinandan Lodha (HOABL) has set a Guinness World Record for creating the world's largest floral mosaic logo in Vrindavan, Uttar Pradesh. The installation, spanning 100 square meters, was crafted from over two lakh locally sourced fresh flowers. This achievement marks the company's debut in the Braj region as it launches a new project with over 40 percent open space. The record sets a new global benchmark and positions the company as a key player in Vrindavan's growing real estate market, which is seeing renewed focus due to infrastructure and tourism development.Read more

cover photo

Meghalaya Cabinet revamps building bye-laws and civil services exam structure

The state cabinet in Meghalaya approved comprehensive amendments to the building regulations and the structure of civil services examinations, alongside revisions to financial authority delegation. The building permission process will be streamlined through an online system, allowing swift commencement of low-risk projects up to upper ground plus one without technical clearance, while larger projects will undergo third-party verification for faster approvals. In the civil services domain, optional subjects have been eliminated and replaced with a compulsory paper focusing on the state's history, culture and economy. The financial powers have also been upgraded to empower the joint secretary in the absence of a department head.Read more

cover photo

Ahmedabad civic body proposes major road expansions impacting residential properties

Earlier this week, the Ahmedabad Municipal Corporation revealed plans to widen and open more than two hundred roads across the city, affecting approximately 8 767 properties. Works are set to commence in the coming days on just over one hundred roads spread across five zones. It was stated that residents possessing proof of occupancy before 2010 would receive alternative arrangements, while legally acquired properties would be compensated. Those residing in unauthorised structures were informed that no compensation would be awarded.Read more

cover photo

Maharashtra invests in modern land-survey infrastructure and technology

Maharashtra's government approved a substantial investment to upgrade land survey operations and bolster revenue department facilities. It was indicated that over INR 1,700 crore would be allocated, with a portion dedicated to acquiring advanced rovers to accelerate digital land surveying under the e-Survey 2.0 initiative. At the same time, the remainder is earmarked for the construction of new office premises and residences for officials. The aim is to enhance efficiency, ensure more accurate land record processing, and provide timely digital access to land maps for citizens.Read more

cover photo