Infra Projects Lending

Golden Growth, Grovy to fund Rs 180 cr in 3 housing project in South Delhi

Golden Growth Fund (GGF) and realty firm Grovy India will invest Rs 180 crore to develop three housing projects in South Delhi. The GGF is a category II real estate-focused Alternative Investment Fund (AIF), which invests in South Delhi projects. "The investment has been made in Anand Niketan and Neeti Bagh, while the third project, in another Category A colony in South Delhi, is expected to come up in the next four months," a company statement said. The cumulative area of the three projects is about 70,000 square feet. The construction on the project in Anand Niketan commenced in January 2025, while the same in Neeti Bagh will begin next month. The sales potential of the three projects is in the tune of approximately Rs 240 crore. Ankur Jalan, CEO of Golden Growth Fund, said, These investments in South Delhi reiterate our commitment to developing and delivering not just high-quality projects but also ensuring a safe and stable 20 per cent + IRR to our investors." The non-volatil

Maha govt to guarantee PFCL's Rs 10K cr loan for Mumbai infra projects

The Maharashtra Government will stand guarantor for a Rs 10,000 crore loan advanced by the Power Finance Corporation Ltd (PFCL) for infrastructure development projects in the Mumbai Metropolitan Region (MMR), officials said on Wednesday. A Government Resolution (GR) or order issued by the state finance department said the cabinet had approved the loan to be taken on government guarantee for 2024-25. As financial year 2024-25 is over, a fresh guarantee was being given subject to another cabinet approval. If there is a delay in repayment of loan by the Mumbai Metropolitan Region Development Authority (MMRDA), the government is not liable for any penalty, it said. MMRDA will be the principal debtor, and it will apprise the urban development and finance ministry of the repayment situation on a monthly basis. The government has allowed the MMRDA to raise loans of up to Rs 60,000 crore for ongoing and proposed infrastructure development projects in the MMR. So far the government has ...

The mystery of Rs 8-trn gap between dropped, completed projects in capex

Govt's contribution in the trend is now trending higher than the private sector's

IL&FS resolves Rs 56,943 cr debt as of Sept, addresses 93% of target

Infra lending firm's affidavit says it has reduced the number of entities under it from 302 to 101

Debt-trap diplomacy: Should China be blamed for Pakistan, Sri Lanka crises?

China exacerbated but didn't mostly cause the problem whose roots lay in borrowing countries' broken politics and economic mismanagement. The loans may only have solved some problems, writes T N Ninan

Infrastructure lending is collateral damage in wake of bank scams

The entire process of financial closure for projects is likely to slow down, a problem for government's ambitious infra development goals