Top Indian Infrastructure Industry News & Updates - 01 April 2024,Monday

🏢 Industry & SEZ

The rise of sustainable and eco-friendly buildings in Bangalore
Bangalore, often referred to as the Silicon Valley of India, stands out as a vibrant city characterized by its booming infrastructure and thriving IT hubs. The influx of multinational companies and the city’s dynamic economy has spurred the growth of its real estate market. In recent years, there has been a notable shift towards sustainable and eco-friendly buildings in Bangalore, reflecting a broader global trend towards environmental consciousness.
📝  Maharashtra govt maintains status quo on property ready reckoner rates
📝  443 infra projects hit by cost overrun of Rs 4.92 lakh cr in Feb
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🏗 Construction

Hindustan Construction Company divests entire equity shareholding in HREL

Accordingly, HREL and its following subsidiaries -- Nashik Township Developers Ltd, Powai Real Estate Developers Ltd, HCC Aviation Ltd, HCC Realty Ltd have ceased to be subsidiaries of the company, HCC said in a regulatory filing.
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🏘 Real Estate

Unsold homes in 9 cities down 7% in last 3 months; 12% fall in NCR
Unsold housing inventories fell 7 per cent in the last three months across 9 major cities to around 4.81 lakh units on higher sales than new supply, according to PropEquity.
Registration of properties in Mumbai city rises 8 per cent to 14,150 units this month
Registration of properties in Mumbai city has gone up 8 per cent so far this month to around 14,150 units compared to March last year, reflecting strong demand, according to a report.
Housing sales in Gurugram down 12% during Jan-March
New Delhi: Housing sales in Gurugram fell 12 per cent y-o-y in January-March, while the demand for residential properties increased in Noida by 19 per cent, according to Anarock.
‘Mumbai real estate market thrives amid end-user demand’
The Mumbai Metropolitan Region (MMR), India's most valued real estate market, is currently experiencing a surge in end-user demand, promising sustained sales momentum. This optimism, however, is tempered by concerns over rising property prices and project execution risks, according to discussions at the Mint India Investment Summit 2024.
📝  Realtors' bank details set to be included in recovery warrants
📝  Net leasing of office space up 44 pc at 115 lakh sq ft during Jan-Mar in top 8 cities: Report
📝  Residential real estate upcycle is expected to continue for 12-18 months, says Dhruv Agarwala, REA India group CEO
📝  More REITs enter fund house portfolios
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🛍 Cement

India Cements promoters increase share pledge as co finds itself in a tight spot
Mumbai/Bengaluru: Promoters of India Cements Ltd have continued to borrow against their shares with the latest debt raised as recently as last month, at a time the country’s tenth largest cement maker fights working capital shortages. The cement industry has seen intense price competition after the entry of Adani group in 2022 with the acquisition of Ambuja Cements Ltd and ACC Ltd.
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🚙 Roads & Highways

Himachal Pradesh: 168 roads closed due to severe weather conditions, traffic comes to a halt at Atal Tunnel
Severe weather conditions continue to disrupt transportation in Himachal Pradesh, with 168 roads, including three National Highways, being closed due to heavy snowfall and rainfall, as per the data of the state emergency operation centre. 
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🚃 Railways

Calcutta-based Jupiter Wagons sets up three expansion pillars
 
📝  No wading through traffic: May date for FOB linking RRTS, Nizamuddin rly stns
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🚢 Ports

Adani Ports dominates India’s maritime sector
Big gets bigger — that’s the story of Adani Ports and Special Economic Zone Ltd (APSEZ), India’s largest private port operator, as it continues its dominance all the way from Mundra in Gujarat on the west coast to Kolkata in West Bengal on the east coast. It controls nearly 28 per cent of the country’s port volumes, with presence in all the maritime states.
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