Noida records record-breaking housing sales in 2023: JLL
The residential sector in Noida has continued to showcase strong momentum with record-breaking sales in the calendar year 2023. A total of 14,822 flats were sold, amounting to a significant value of Rs 24,944 crore, according to JLL.

Residential real estate records fresh high in Q3 with pre-sales at 301 mn sqft, KIE says sales momentum to sustain in Q4
Residential real estate recorded a fresh high in the third quarter of FY24 with pre-sales of 301 million sqft, up 26 per cent YoY and 16 per cent QoQ, crossing the previous peak of 259 million sqft in the second quarter of the financial year. Per the analysis by Kotak Institutional Equities, with multiple launches planned for the Q4FY24/ FY2025E, the sales momentum is expected to sustain, going ahead. During the third quarter, Kotak Institutional Equities stated, pricing momentum was robust, with average realizations at Rs 7609/ sqft (11per cent YoY, 3 per cent QoQ)–Gurugram and Bengaluru saw larger increases. Hyderabad (53 per cent YoY) and MMR (28 per cent YoY) led the sales growth, followed by Bengaluru (19 per cent YoY) and NCR (12 per cent YoY), it said. DLF, Prestige and Godrej delivered strong pre-sales growth in Q3FY24. 

Housing sales in India’s top six cities surge by 20% in Q1 2024
Housing sales in India’s top six cities – Delhi NCR, Mumbai, Bengaluru, Hyderabad, Chennai, and Pune — have surged by 20% during the January-March period. The number of housing units sold has reached around 1,47,000 units, according to NoBroker.

Sobha Realty ties up with UAE's MBRGI, to build university in Dubai

Sobha Realty and UAE’s Mohammed bin Rashid Al Maktoum Global Initiatives (MBRGI) will also establish a 1 billion UAE Dirham endowment fund, which they say will support the education of millions around the world.

Maharashtra RERA proposes mandatory separate bank accounts for real estate developers
The Maharashtra Real Estate Regulatory Authority has floated a discussion paper that mooted that real estate developers should open three bank accounts in a single bank before they can apply to register a project. The three accounts should be a collection account for the project, a separate account for the project, and a transaction account for the project.

Booming real estate’s in for a breather
The Nifty Realty index has zoomed over 100% in the past one year. The spike is in tandem with pre-sales or booking trends indicating housing units are selling like hotcakes. The upmove continues to be driven by traction in luxury and premium segments, thus easing unsold inventory levels.

CCI Approves Ultra Tech Cement’s ₹ 7,600 crore buyout deal of Kesoram’s cement business
The Competition Commission of India (CCI) has approved the acquisition of Kesoram’s Cement Business by UltraTech Cement Limited. The deal is estimated to be valued at ₹7,600 crore, including the debt the company will take on from Kesoram. The proposed combination relates to the acquisition of the grey cement business of Kesoram Industries Ltd by UltraTech Cement Ltd.

Activation of emergency landing facility on NH 16 showcases civil-military synergy
New Delhi: In a demonstration of coordination between civil and military agencies, the Indian Air Force (IAF) conducted operations on an Emergency Landing Facility (ELF) airstrip situated on National Highway 16 near Addanki in Bapatla district.

NHAI concludes its largest InvIT Monetization, raises over Rs 16,000 crore in ‘Round 3’
National Highways Authority of India’s infrastructure Investment Trust, National Highways Infra Trust (NHIT), has successfully concluded its fund-raising through ‘InvIT Round-3. This round secured financing for national highway stretches totaling 889 kilometers, with an Enterprise Value surpassing Rs 16,000 crore. This marks NHAI’s largest monetisation endeavor and stands as one of the most substantial transactions in India’s road sector history. The issuance of the Letter of Acceptance (LOA) for raising the highest-ever concession value through ‘InvIT Round-3’ occurred in February 2024.

Govt sweetens contract terms for BOT highway projects, boost to pure-play PPP projects
To lure private risk capital into highway construction, the government has revised the concession terms for build operate transfer (BOT) projects. Liberal construction support, facility to borrow from non-bank lenders and enhanced compensation if the tariff projections are built into the revised model concession agreement (MCA).

Indian Railways Update: Construction of longest tunnel in Dimapur-Kohima rail project begins in Nagaland – All you need to know
In a significant milestone, construction activities have commenced at Portal 1 of Tunnel number 7 of the Dimapur-Kohima new rail line project which is situated in Tsiepama village of Medziphema circle in Dimapur district of Nagaland.