Yamuna Expressway to have 16 new sectors over next two decades

REC, PFC Boards Clear In-Principle Merger Proposal

The Boards of Directors of REC and Power Finance Corporation have granted in-principle approval to proceed with a proposed merger of the two public sector non-banking financial companies. The decision aligns with the announcement made in the Union Budget 2026–27, aimed at enhancing scale and operational efficiency among public sector NBFCs.In her Budget speech, the Finance Minister outlined the vision for NBFCs under Viksit Bharat, including targets for credit disbursement and technology adoption, and stated that restructuring of PFC and REC would be a first step towards achieving scale and ..

Suraksha Smart City to Deliver 5,868 PMAY Homes in Vasai

Suraksha Smart City is set to begin the phased delivery of 5,868 Economically Weaker Section (EWS) homes in Vasai during calendar year 2026 under the Pradhan Mantri Awas Yojana (PMAY). The handover will be undertaken building-wise across Phase 1, marking one of the largest PMAY-linked township deliveries in the Mumbai Metropolitan Region.The milestone reinforces the developer’s commitment to the Government of India’s ‘Housing for All’ mission and highlights Vasai’s growing role as a residential hub within the Mumbai 4.0 growth framework. The large-scale delivery is expected to contri..

Second Mountain Tunnel Breakthrough in Palghar Advances High Speed Rail

The Mumbai-Ahmedabad high speed rail (MAHSR) project reached a milestone with the breakthrough of a mountain tunnel in Palghar, Maharashtra. Mountain tunnel MT-six measures 454 metres long and 14.4 metres wide and will accommodate up and down tracks. The breakthrough follows MT-five near Saphale on second January 2026 and the MT-six excavation was completed from both ends using the New Austrian Tunnelling Method. The ministry reported that the tunnelling was completed within 12 months. The New Austrian Tunnelling Method is favoured for its flexibility in complex geology and irregular tunnel s..