Indian Infrastructure Industry News & Updates - March 2024

Bank credit to commercial real estate grows threefold in 11 months of FY24
This surge in loans for CRE is driven by growth in lease rental discounting, especially for office space.
 

30 March 2024
Vizag Port eyes 90 mt cargo traffic in FY25
 

30 March 2024
New housing supply drops 15% to 69,000 units in January-March across top 8 cities: Report
New supply of residential properties fell 15 per cent during January-March across eight major cities at 69,143 units despite high demand, according to Cushman & Wakefield.

30 March 2024
World should develop the concept of Green GDP: PM Modi
New Delhi: Prime Minister Narendra Modi on Friday said India is making rapid advancements in the renewable energy sector, like solar, wind energy and green hydrogen, thus building 'Green GDP' which the world economies should embrace to tackle the burning issue of climate change together.

30 March 2024
Mumbai-Ahmedabad Bullet Train Project: Railway Minister shares update on ‘Bharat’s first ballastless track’ for bullet train – Watch
As India eagerly waits for its first bullet train project, Railway Minister Ashwini Vaishnaw on Thursday (March 28) shared an update on the completion of another significant milestone. Vaishnaw took to X, formerly known as Twitter, to share a video of the nation’s first ballastless track system being developed for the bullet train project between Mumbai and Ahmedabad. 

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