Top Indian Infrastructure Industry News & Updates - 08 April 2024,Monday

🏢 Industry & SEZ

📝  Ascott plans to enter co-living space in India
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🏘 Real Estate

InvITs, REITs raise record Rs 17,116 cr in FY24 on promising returns
Investor interest in Infrastructure Investment Trusts (InvITs) and Real Estate Investment Trusts (REITs) is growing rapidly, with fundraising through these avenues reaching Rs 17,116 crore in the fiscal year 2023-24, marking a 14-fold increase compared to the previous year.
From renting to buying homes: What’s driving the shift in Mumbai?
In recent years, Mumbai’s real estate market has witnessed a notable shift from renting to buying homes. This transformation reflects changing demographics, evolving economic dynamics, and shifting consumer preferences, all of which are reshaping the city’s housing landscape. Post 2020, the way people perceived homeownership has evolved massively, thus redefining the approach of the masses towards owning a house rather than renting one.  
NCR’s Hollywood Dream: Can Dwarka Expressway become India’s Los Angeles?
Dwarka Expressway, the 18-kilometre marvel through NCR, is fast emerging as a growth corridor brimming with immense potential. More than just a thoroughfare, the Expressway promises to be a vibrant ecosystem – sleek roads facilitating swift commutes, thriving business districts attracting ambitious professionals, and renowned educational institutions nurturing young minds. But what exactly fuels this ambitious vision? Let’s take a closer look at the key drivers that are propelling Dwarka Expressway towards its destined transformation.
Macrotech Developers trim debt by 55% to Rs 3,010 cr in March quarter

Its net debt stood at Rs 6,750 crore as of December 31, 2023.
📝  Signature global reports Rs 7,270 crore pre-sales in FY24
📝  Embassy Group may invest more in Indiabulls, add assets to drive growth
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🚙 Roads & Highways

Railways on track to meet target of 100% electrification by FY25

In 2021, the Union Ministry of Railways said in a Rajya Sabha answer that the Indian Railways is “likely to electrify all broad gauge rail lines by 2023-24.” 
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🚃 Railways

Northern Railways GM inspects Srinagar-Sangaldan section in Jammu and Kashmir – Details inside
The General Manager of Northern Railways, Shobhan Chaudhuri, recently conducted an inspection of the Srinagar-Sangaldan Section of the USBRL Project in Jammu and Kashmir, overseeing various railway operations. 
Indian Railways Update: Railway Board CEO reviews tunnel progress in Sivok-Rangpo Rail Line project
Indian Railways is making significant strides towards connecting Sikkim with the rest of the country. In a significant development, Mrs. Jaya Varma Sinha, Chairman and CEO of the Railway Board, conducted an inspection and comprehensive review of the advancements made in Tunnel No. 1, 7, 8, and the underground station as part of the Sivok-Rangpo New Rail Line project.
Central Railway collects Rs 300 crore in fines in FY 2023-24, highest among all zones
Central Railway collected fines amounting to Rs. 300 crore during the fiscal year 2023-24 from 46.26 lakh cases of ticketless or irregular travel and unbooked luggage, marking the highest revenue among all zones of the national transporter, revealed an official. 
📝  AT Railways enters in JV with South Korea’s Yujin
📝  Over 60 metro stations co-branded with reputed companies, 150 still available: Officials
📝  Central Railway achieves record earnings of over Rs 122 crore under Non-Fare Revenue
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🚢 Ports

📝  Mangalore port registers 10.36% growth in cargo handling
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