JSW Infrastructure appoints Arun Maheshwari as its Joint Managing Director & CEO
JSW Infrastructure on Monday announced the re-appointment of Arun Maheshwari as the joint managing director and CEO of the company, with effect from April 18, 2024 for a term of 3 years. 

Southern Peripheral Road: A real estate hotspot in Gurugram
The thriving city of Gurugram is well known for its world-class infrastructure and modern amenities. Among the infrastructural projects, the Southern Peripheral Road has emerged as a hotbed, bringing a plethora of lucrative real estate opportunities. From Grade A office spaces and retail shops to mixed-use developments, the Southern Peripheral Road offers multiple investment avenues. Thus, the 16 km-long expressway in New Gurugram positions itself as an up-market location, attracting end-users and investors alike.

Decoding the socioeconomic impact of surging luxury real estate demand in India
The Indian real estate segment has undergone a transformative shift. The most notable shift that has come to the fore in the last couple of years is the demand in the luxury housing segment. Not only are the discerning homebuyers looking for a home that matches their lifestyle, but there is also been a greater demand for bigger homes.

Why NRIs are investing in ultra/supreme luxury residences in Mumbai?
In the world of high-end Indian real estate, a fascinating trend has surfaced: NRIs (Non-Resident Indians) are progressively directing their investments toward lavish homes, especially in the bustling city of Mumbai. This surge in the interest of the NRI community toward ultra and supreme luxury homes arises from a combination of factors that make India’s luxury real estate market an incredibly attractive opportunity. The ever-changing market dynamics, fierce competition in pricing, and government policies aimed at increased transparency have all played a role in making upscale properties highly desirable. With India’s rapid modernization and urbanization, there has been a significant increase in the demand for luxurious residential properties. This has caught the interest of savvy investors, particularly NRIs who invested US $13.1 billion in buying homes in India. 

Revamped housing schemes in Modi regime’s 100-day agenda
The Narendra Modi government will launch the revamped rural and urban housing schemes in the first 100 days, if voted back to power for a third term. The revised schemes could offer enhanced financial assistance to help the middle-class and poor families build houses in the next five years, sources said.

Two flats in Lodha Malabar sold for ₹270 crore
The demand for luxury residences continues unabated in Mumbai, the biggest property market in the country in terms of value. Anil Gupta, chairman and managing director of Wellknown Polyesters, has purchased two apartments in Lodha group’s luxury project, Lodha Malabar for ₹270 crore.

Adani Group’s Ambuja Cements to acquire My Home Group’s cement grinding unit in Tuticorin
Chennai: Ambuja Cements, the cement and building material company of Adani Group, has signed an agreement to acquire My Home Group’s 1.5 mtpa (million tonne per annum) cement grinding unit in Tuticorin in Tamil Nadu. The acquisition is estimated at a total value of ₹413.75 crore and will be met through internal accruals.

Ambuja Cements to acquire 1.5 MTPA cement grinding unit in Tuticorin for Rs 413.75 crore
Adani Group owned-Ambuja Cements on Monday announced that it has signed a definitive agreement to acquire My Home Group’s 1.5 MTPA Cement Grinding Unit in Tuticorin, Tamil Nadu. The acquisition, it added, is estimated at a total value of Rs 413.75 crore through internal accruals will aid in enhancing the coastal footprint across southern markets of Tamil Nadu and Kerala. The total cement capacity of Adani Group stands at 78.9 MTPA. 

Ramkrishna Forgings secures order worth Rs 270 crore for Vande Bharat train set
Ramkrishna Forgings Limited, a supplier of rolled, forged, and machined products, on Monday announced that it has received a significant order for the Vande Bharat train set. This order, valued at Rs 270 crore, is to be supplied to the BHELTRSL consortium, marking a pivotal moment in the company’s journey towards excellence in rail infrastructure development, it said.