Centre Targets Slower Highway Expansion In FY27 And Revives BOT Model

15 May 2026 CW Team

The Centre has set a lower highway construction target for fiscal year 2027 and announced a revival of the build-operate-transfer (BOT) model to attract private capital. The decision reflects a recalibration of infrastructure priorities as authorities seek to balance fiscal prudence with the delivery of strategic road projects. The Ministry of Road Transport and Highways and the National Highways Authority of India (NHAI) will oversee the revised plan.

Officials indicated the focus will shift towards completing ongoing projects and improving the quality and resilience of the existing network rather than expanding total kilometre targets aggressively. The revival of the build-operate-transfer model is aimed at mobilising long-term private investment for large toll projects and concession arrangements while transferring certain commercial risks to the private sector. NHAI will revisit project structuring, concession terms and viability gap funding to make offers viable for bidders.

Analysts said a slower expansion trajectory will reduce pressure on public finances and free up resources for maintenance and safety enhancements on major corridors. The approach will prioritise projects with clear economic payback and improved traffic forecasts while deferring additions that lack immediate strategic justification. Stakeholders in the road construction and tolling industry will watch procurement timelines and bid parameters for signals on appetite for BOT concessions.

The government will also look to expedite approvals, standardise contracts and strengthen dispute resolution mechanisms to make BOT projects more bankable and attractive to institutional investors. Authorities indicated that policy adjustments will be coordinated with lenders and state governments to ensure seamless execution of priority corridors. The plan is presented as a calibrated shift that balances delivery, fiscal discipline and renewed reliance on private participation.

Real Estate

14 Jul 2026

Paradigm Realty secures Rs 1 billion for Chembur project

Paradigm Realty Group has secured Rs 1 billion in funding from Arnya RealEstates Fund for its flagship residential project, 71 Midtown, in Chembur, Mumbai.The institutional investment will be used to support the completion of Phases 1 and 2 of the development, with the financing aligned to the project's construction and delivery schedule.Spread across approximately 4.5 acres, the gated residential community comprises one- and two-bedroom apartments. Located near Sindhi Society in Chembur, the project offers connectivity to the Bandra Kurla Complex (BKC) and is expected to benefit from infrastr..

PCPL delivers 1.4 million sq ft, eyes 2.1 million sq ft pipeline

Pranav Constructions (PCPL) has delivered more than 1.4 million sq ft of redeveloped residential space across Mumbai as of March 2026, while outlining a future pipeline exceeding 2.1 million sq ft across key redevelopment markets.Over the past decade, the Mumbai-based developer has completed 28 redevelopment projects, benefiting more than 2,450 families across the city's western suburbs, including Borivali, Kandivali, Malad and Goregaon. Since 2023, the company has expanded into neighbourhoods such as Santacruz, Bandra, Andheri and Vile Parle, while also entering heritage precincts including M..

Shalimar Paints launches premium Xtra Tough Hi-Sheen

Shalimar Paints has expanded its premium product portfolio with the launch of Xtra Tough Hi-Sheen, a new exterior emulsion developed to provide enhanced weather protection and a high-sheen finish for residential buildings.The company said the product is designed to address growing consumer demand for exterior coatings that combine aesthetics with long-term durability. Suitable for both new construction and renovation projects, the emulsion is formulated to withstand varied climatic conditions, including heat, rain, humidity and pollution.Xtra Tough Hi-Sheen features a dust-repellent coating in..