+
NHAI aims for Rs 30-bn infrastructure financing via bond market
ROADS & HIGHWAYS

NHAI aims for Rs 30-bn infrastructure financing via bond market

DME Development, a division of the National Highways Authority of India (NHAI), has announced its plans to generate Rs 30 billion by entering the bond market for the first time in this fiscal year. It was stated that DME, a special-purpose vehicle established by the NHAI in August 2020 for constructing the Delhi-Mumbai expressway, which spans across Delhi, Rajasthan, Madhya Pradesh, Gujarat, and Maharashtra, is considering this financial move. In March, it was reported that DME had successfully garnered Rs 23.55 billion through 10-year bonds at a semi-annual coupon rate of 7.89%. Additionally, in February, it had managed to secure Rs 36.84 billion through 10-year bonds at a semi-annual coupon rate of 7.82%. The company is presently exploring the possibility of raising approximately Rs 30 billion through the issuance of 10-year bonds. It is contemplating the option of inviting bids for the issuance later this month.

DME Development, a division of the National Highways Authority of India (NHAI), has announced its plans to generate Rs 30 billion by entering the bond market for the first time in this fiscal year. It was stated that DME, a special-purpose vehicle established by the NHAI in August 2020 for constructing the Delhi-Mumbai expressway, which spans across Delhi, Rajasthan, Madhya Pradesh, Gujarat, and Maharashtra, is considering this financial move. In March, it was reported that DME had successfully garnered Rs 23.55 billion through 10-year bonds at a semi-annual coupon rate of 7.89%. Additionally, in February, it had managed to secure Rs 36.84 billion through 10-year bonds at a semi-annual coupon rate of 7.82%. The company is presently exploring the possibility of raising approximately Rs 30 billion through the issuance of 10-year bonds. It is contemplating the option of inviting bids for the issuance later this month.

Next Story
Real Estate

Heena Lalwani Buys Rs 1.13 Billion Juhu Apartment

Heena Lalwani, promoter of Aatman Innovations Private Limited, has purchased a luxury apartment worth Rs 1.13 billion in Mumbai’s upscale Juhu locality, according to property registration documents accessed by Zapkey.com.The 9,862 sq ft apartment, located on the 10th floor of Lodha Developers’ Avalon Tower, was acquired at Rs 115,000 per sq ft and comes with five car parking spaces. The deal, registered on 18 August 2025, also included the payment of Rs 68 million in stamp duty and a Rs 30,000 registration fee.Lodha Developers did not respond to queries regarding the transaction, while the..

Next Story
Real Estate

Godrej Buys KPHB Land for Rs 7 Billion in E-Auction

An acre of prime land in Kukatpally Housing Board (KPHB), Hyderabad, was auctioned for Rs 7 billion, with the Telangana Housing Board generating Rs 5.47 billion from the sale of 7.8 acres through e-auction on 20 August 2025.The auction notification was issued last month, attracting bids from Godrej Properties, Aurobindo Realty, Prestige Estates, and Ashoka Builders, according to Board vice-chairman V.P. Gautham. With an offset price of Rs 4 billion per acre, the three-hour auction saw 46 bid increases, before Godrej Properties acquired the land.Revenue generated from the auction will be utilis..

Next Story
Real Estate

HMDA to Auction 93 Prime Plots in September

The Hyderabad Metropolitan Development Authority (HMDA) is preparing to conduct a three-day auction of prime open plots across Hyderabad, Rangareddy, and Medchal-Malkajgiri districts this September.According to official reports, the e-auction will take place on 17, 18, and 19 September, offering 93 plots. Of these, 70 are located in the Bachupally HMDA layout, with the remainder spread across Turkayamjal, Kokapet, Poppalguda, Chandanagar, Bairagiguda, Gandi Maisamma, Suraram, Medipally, and Bachupally village.The highest upset price has been fixed at Rs 175,000 per square yard for a land parce..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?