Top Indian Infrastructure Industry News & Updates - 09 April 2024,Tuesday

🏢 Industry & SEZ

📝  After Japan, Hudco looks to tap Singapore, Taiwan for funds
📝  Top 7 cities record 15.16 million sq ft gross office leasing in March quarter
📝  SWAMIH fund helps in completion of 28,000 homes since 2019
📝  Indian road logistic industry to grow between 3-6 percent in FY2025 says ICRA
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🏘 Real Estate

Office Leasing: Delhi NCR leads Indian cities in leasing activity for Q1 2024 with strong performance in Gurugram, Noida
Delhi NCR has once again emerged as the country’s top region in terms of leasing activity with a gross leasing area reaching 4.03 million square feet in the first quarter of 2024, according to a report.
Prestige Group sets record with FY24 sales topping ₹21,040 crore
Bengaluru : Real estate developer Prestige Group clocked ₹21,040 crore worth of home sales in fiscal year 2023-24 (FY24), a record by any developer, amid an an ongoing housing boom in India.
Godrej Properties sells flats worth Rs 3,000 cr in 3 days in Gurugram
Godrej Properties shares surge 3.58% on sales at its Gurugram project
The Hindu Business Line
There is huge potential to grow the residential business: Prestige CEO

Which of Prestige’s business segments are poised to drive growth in the coming quarters?  
`We aim to make Prestige a cash positive company' : Irfan Razack, CMD, Prestige Estates

How will the deal with ADIA and Kotak fund will help the company meet its funding needs? 
📝  Keystone Realtors Jan-Mar pre-sales at Rs 843 crore, up 78% on-year
📝  Prestige Estates achieves record sales bookings in FY'24 at Rs 21,040 crore
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🛍 Cement

📝  Navrattan Group plans to launch green cement in India
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🚃 Railways

Indian Railways on cusp of achieving 100 percent broad gauge network electrification, says official
Indian Railways is all set to achieve a significant milestone with 100 percent electrification of its broad gauge network before the end of this fiscal year.
Boost to India’s Railway Infrastructure! AT Railway Sub Systems forms joint venture with South Korea’s Yujin Machinery
AT Railway, a subsidiary of Amber Enterprises India Ltd., has recently formed a joint venture with South Korea’s Yujin Machinery Ltd. This collaboration aims to design, manufacture, and develop critical components such as driving gears, couplers, and pantographs for various types of rolling stock used in India’s railway infrastructure. These components will cater to a wide range of vehicles, including high-speed trains, metro trains, regional rapid transit systems, Vande Bharat trains, wagons, trams, and other products of the Indian Railways. The joint venture, in which AT Railway holds a majority stake, signifies a significant step towards enhancing domestic manufacturing capabilities and fostering self-reliance in line with the ‘Make in India’ and ‘Atmanirbhar Bharat’ initiatives promoted by the Government of India.
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