Top Indian Infrastructure Industry News & Updates - 23 March 2024,Saturday

🏗 Construction

World Water Day: Alternate ways to conserve water for the construction sector
Water is one of the most precious natural resources in the world. Yet, the world is moving towards an inevitable water crisis in many geographies globally. As governments seek to conserve water, the focus is on determining the water usage of diverse industries to discover how and where water consumption can be minimised. 
📝  Megha Engineering electoral bond purchases close to bagging contracts for major projects
📝  JCB rolls out 500,000th Made in India construction equipment
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🏘 Real Estate

Mazagon Dock Shipbuilders to lease 14.55 acres of land parcel from Mumbai Port Authority
State-run Mazagon Dock Shipbuilders Ltd (MDL) announced that the company board has accepted the offer of Mumbai Port Authority (MbPA) for the allotment of land parcel measuring 14.55 acres, adjacent to MDL Mumbai Yard on a long term lease basis. 
Residential buyers willing to pay 5-10% more for green buildings: Report
Of these, residents in Mumbai have the highest appetite for sustainability in home purchase decisions they are 70 per cent more likely to select a building with sustainability features, such as access to greenery and clean indoor quality, than residents in Delhi, Ahmedabad, and Hyderabad.
Man Infra bags project in South Mumbai with expected total sales value above Rs 2100 crore
Man Infraconstruction on Friday announced that it has bagged an ultra-luxurious project at Marine Lines in South Mumbai, with the expected total sales value of above Rs 2100 crore. “It is set to become yet another tallest residential structure in India to be done by MICL group surpassing the height of above 800 feet. With a proven track record of delivering all its 16 projects before time, MICL group intends to deliver this project in a span of 5 years from launch date,” the company said in a regulatory filing. 
The role of transportation networks in shaping Tricity’s industrial real estate landscape
In the always-changing world of industrial real estate, location is the first thing among the most important things to consider. Besides geographical coordinates, the industrial hub’s performance greatly depends on how it is networked to the largest transport systems. Chandigarh Tricity (Chandigarh-Mohali-Panchkula) has become the foremost site of recent developments as it demonstrates how proper infrastructure implementation can stimulate growth in industrial real estate area.
DRA Homes forays into commercial development
Chennai: DRA Homes, a real estate developer in Chennai, has announced its foray into commercial development. It has emerged as the highest bidder and signed a 99-year lease agreement with the Rail Land Development Authority for a prime 1.06 acre plot located at Egmore.
Prestige Estate Projects stock surges after land purchase in Delhi-NCR
Bengaluru: Prestige Estate Projects stock rose following acquisition of 62.5 acres of land in Indirapuram Extension to set its footprint in Delhi-NCR. Shares surged 4.50 per cent on the NSE to trade at ₹1,095.85 as of 10.58 am. Commenting on the acquisition, Irfan Razack, Chairman and Managing Director of Prestige Group, said, “We are excited about acquiring this prime land in NCR, presenting an excellent opportunity for Prestige Group to strengthen its presence in the region.”
📝  Flexible workspace market size likely to touch 126 million sq ft by 2028
📝  NCLAT sets aside DB Realty insolvency process as co, lender settles matter
📝  GCC share in commercial real estate is on the rise
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🛍 Cement

📝  UltraTech commissions 1 million tonne capacity at unit in Roorkee, Uttarakhand
📝  Shree Cement forays into ready mix concrete segment with ‘Bangur Concrete’
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🚙 Roads & Highways

Mumbai’s Barfiwala flyover arms in good condition, demolition not needed along Gokhale Bridge: VJTI report
The technical report by Veermata Jijabai Technological Institute (VJTI) has mentioned its key findings regarding the misalignment issue between the Gopal Krishna Gokhale Bridge and the CD Barfiwala flyover in Andheri, Mumbai. 
Expressways master plan for 2047 in the works
The government is working on National Master Plan for development of highways and expressways for 2047, that will enable trucks to more than double the distance they cover in a day to 800 km, a senior official said Thursday.
Border Roads Organisation commences Project Himank to reopen Leh-Manali NH in Ladakh
The Border Roads Organisation (BRO) has initiated efforts to reopen the vital Leh-Manali national highway in Ladakh union territory after months of closure due to heavy snowfall. According to officials on Thursday, Project Himank launched snow clearance operations to restore access to the Ladakh region from the Manali side.
Speed cameras to be installed on Dwarka Expressway to curb accidents
New Delhi: National Highways Authority of India (NHAI) has allotted the work of installing speed cameras on the Dwarka Expressway and the Delhi-Jaipur Expressway to a company to reduce road accidents caused by speeding vehicles.
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