Interest allowability

will this attract disallowance u/s 14A or 36(1)(iii)

Section 14A talks about expenses incurred for income not forming part of total income - this is not the case here 

Section 36(1)(iii) talks about capitalisation of interest till first put to use. Capitalization of interest shall be taken care in tax books. post first put to use date, interest will be charged to PL.