Top Indian Infrastructure Industry News & Updates - 13 April 2024,Saturday

🏢 Industry & SEZ

How mega infrastructure projects in 2024 is set to transform India’s 3rd party logistics & warehousing landscape
India’s warehousing industry is undergoing a seismic shift, propelled by the twin engines of industry and infrastructure growth. Further, as India approaches the 2024 elections, the country is witnessing a surge of transformative infrastructure projects aimed at revolutionizing connectivity and bolstering economic growth, thereby also providing a massive push for accelerated growth for 3PL and warehousing sectors. 
📝  Delhi RERA chairman urges builder to report non payment by buyers
📝  India will need 1.7 billion sq ft of office space in next 10 years to cater to the growing demand
📝  Asian investor share in Indian real estate rises to 47% in 2023
📝  Proposed SEZ Amendment Bill may Figure in 100-day Agenda
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🏘 Real Estate

Indian real estate sector to be worth USD 1.5 trn by 2034; 78 mn new homes needed in cities: Knight Frank-CII report
The Indian real estate sector will grow over three times to reach an estimated USD 1.5 trillion by 2034, constituting 10.5% of the total economic output by then, according to a joint report by Knight Frank India and CII.
Noida news: 42 realtors to clear dues, allow registry of stalled housing projects
In a major relief to homebuyers, the Noida authority has confirmed that 42 of the 57 realtors in Noida have agreed to pay their respective dues in stalled housing projects. 
Jaypee Infratech's stalled Wish Town leaves homebuyers in the lurch
Source Credit: Sanket Koul, Business Standard

New Delhi: A final resolution between Yamuna Expressway Industrial Development Authority (Yeida) and Mumbai-based Suraksha Group to settle issues related to farmer compensation to complete stuck realty projects of bankrupt Jaypee Infratech in Noida may get delayed.
K Raheja Corp buys Sobo Central for ₹476 cr under debt resolution scheme

The plot area is 5,357 sq m, and the built-up area is 11,453 sq m, including the common area and facilities.
📝   Indian real estate market to reach $1.5 trillion by 2034: Knight Frank
📝  Kishore Biyani settles lenders’ dues by selling SOBO mall to K Raheja Corp
📝  DLF to invest Rs 2,200 cr to build shopping mall in Gurugram
📝  Gaurav Pandey on Godrej Properties' performance and future prospects
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🛍 Cement

📝  Navrattan Group plans to introduce Green cement in India
📝  Adani Group targets 20% share in Indian cement market by FY28
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🚙 Roads & Highways

India plans to widen bridges across highways
New Delhi: The government is planning to widen all bridges running across highways to make them as wide as the highways themselves.
📝  Macquarie, Canada Pension are among bidders on India road assets
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🚃 Railways

📝  Indian Railways awards big steel procurement orders for Rs 1,586 crore; Tata, SAIL, Jindal among top 5 companies to bag contracts
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🚢 Ports

To woo ships, Cochin Port waives bunkering service charges for three more years
Cochin Port Authority has extended the “waiver of port charges for a further period of three years” for ships calling at outer anchorage of the port for bunkering services.
📝  Adani Ports & SEZ handles more cargo than government for first time in FY24
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