Top Indian Infrastructure Industry News & Updates - 22 March 2024,Friday

🏢 Industry & SEZ

How Indian HNIs are drawn towards branded residences
The Indian HNIs are getting drawn towards branded residences. Lured by their aspiration to own a premium asset and access to superlative services, Indian HNIs are showing newfound interest in branded residences. As per the latest research by SKYE, a hospitality development and consultancy company, India has around 2300 branded residences, a modest share in a global supply that amounts to 26,000 units. However, the segment will soon change gears, as demand is picking up quickly.
📝  Pune property registrations record 23% rise in February, stamp duty collection up 20%
📝  CREDAI urges Rajasthan government to improve infra in Bhiwadi to revive real estate projects
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🏘 Real Estate

Noida Expressway: The newest commercial real estate hub in Delhi-NCR
The Noida Expressway is a principal corridor harboring unlimited potential. Built with a clear purpose to decongest National Highway- 2, it establishes a direct connectivity channel between Delhi and Noida and further stretches to Greater Noida.
Land deals to touch 3,000 acres in FY24 as developers buy up real estate
Land deals in India are set to touch 3,000 acres in FY24, up 59 per cent from last year, as real estate developers look to keep the launch momentum going. Land deals for 2,258 acres was done in the first nine months of FY24, according to data provided by property consultant Anarock. Anecdotal evidence and exchange filings by listed developers tracked by businessline indicate that the momentum in land acquisition has kept pace and, another 600-700 acres could be added in the current quarter.
📝  CFM ARC offers to buy Rs 580cr debt of harbour heights at 34% discount
📝  Developers step up focus on green buildings
📝  Tata projects rents 120k sq ft office space in Mumbai for HQ
📝  Mumbai's elite lap up vacation homes for privacy & exclusivity
📝  Prestige Group acquires 62.5 acres of land in Indirapuram Extension, NCR
📝  Residential real estate could see another peak in 2024
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