NHAI Sets Up RIIT To Boost Highway Asset Monetisation

25 Nov 2025 CW Team

As part of the initiative, NHAI has incorporated Raajmarg Infra Investment Managers Private Limited (RIIMPL) as the Investment Manager for the proposed InvIT.

RIIMPL is a collaborative venture with equity participation from major banks and financial institutions, including State Bank of India, Punjab National Bank, NaBFID, Axis Bank, Bajaj Finserv Ventures, HDFC Bank, ICICI Bank, IDBI Bank, IndusInd Bank and Yes Bank. The partnership aims to unlock the monetisation potential of National Highway assets while creating a high-quality, long-term investment product primarily targeting retail and domestic investors.

NRVVMK Rajendra Kumar, Member (Finance) at NHAI, has been appointed as Managing Director and CEO (Additional Charge) of the Investment Manager.

Highlighting NHAI’s performance, Chairman Santosh Kumar Yadav said the authority has built a strong track record in asset monetisation. In recent years, NHAI has monetised assets worth Rs 489.95 billion through the Toll-Operate-Transfer (TOT) model and raised Rs 436.38 billion across four rounds of Private InvITs, drawing interest from major domestic and international investors.

Over the next three to five years, about 1,500 km of completed and operational National Highways will be added to the Public InvIT, opening substantial investment avenues for the public. Yadav said the initiative would mark a new chapter of public participation in highway infrastructure building.

RIIMPL will prioritise strong governance standards aligned with SEBI’s InvIT regulations, focusing on transparency, investor protection and robust reporting and compliance frameworks. The first issuance of InvIT units for retail and public investors is expected in February 2026.

The National Highways Authority of India (NHAI) is in the process of establishing the Raajmarg Infra Investment Trust (RIIT) as a Public InvIT to strengthen road asset monetisation and expand investment opportunities in National Highway development, the Ministry of Road Transport and Highways said on Thursday. As part of the initiative, NHAI has incorporated Raajmarg Infra Investment Managers Private Limited (RIIMPL) as the Investment Manager for the proposed InvIT. RIIMPL is a collaborative venture with equity participation from major banks and financial institutions, including State Bank of India, Punjab National Bank, NaBFID, Axis Bank, Bajaj Finserv Ventures, HDFC Bank, ICICI Bank, IDBI Bank, IndusInd Bank and Yes Bank. The partnership aims to unlock the monetisation potential of National Highway assets while creating a high-quality, long-term investment product primarily targeting retail and domestic investors. NRVVMK Rajendra Kumar, Member (Finance) at NHAI, has been appointed as Managing Director and CEO (Additional Charge) of the Investment Manager. Highlighting NHAI’s performance, Chairman Santosh Kumar Yadav said the authority has built a strong track record in asset monetisation. In recent years, NHAI has monetised assets worth Rs 489.95 billion through the Toll-Operate-Transfer (TOT) model and raised Rs 436.38 billion across four rounds of Private InvITs, drawing interest from major domestic and international investors. Over the next three to five years, about 1,500 km of completed and operational National Highways will be added to the Public InvIT, opening substantial investment avenues for the public. Yadav said the initiative would mark a new chapter of public participation in highway infrastructure building. RIIMPL will prioritise strong governance standards aligned with SEBI’s InvIT regulations, focusing on transparency, investor protection and robust reporting and compliance frameworks. The first issuance of InvIT units for retail and public investors is expected in February 2026.

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

Real Estate

07 Jul 2026

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

Infrastructure Urban

07 Jul 2026

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..