MBL Infrastructures’ shares surge 4.99% on securing ₹17.24 crore arbitration award
MBL Infrastructures Ltd’s shares were up by 4.99% after the company secured an arbitration award of ₹17.24 crore. This award was granted by the Learned Arbitral Tribunal on March 23, 2024, in favor of MBL against the Public Works Department of the Government of Uttarakhand. The arbitration pertained to a completed road project titled “Improvement / Strengthening of State Roads, Contract Package no. 5” in Uttarakhand.

Luxury homes priced above Rs 50 cr see remarkable increase in sales
The real estate market in India experienced a remarkable increase in the sales value of luxury homes priced at Rs 50 crore and above, reaching Rs 4,319 crore in 2023, a significant increase of approximately 1.5 times compared to the value of Rs 2,859 crore recorded in 2022, according to JLL.

Squarefeet Group to invest Rs 300 cr on new housing project in Mumbai
The company plans to develop about 1,000 flats in this 3-acre project named 'Yuva Rajya' and is targeting a revenue of Rs 750 crore over the next 4-5 years.

The investor’s heaven generating double-digit ROI: Australia’s thriving real estate market
For years, Dubai has been touted as the land of outsized returns for property investors. But in the ever-shifting sands of the global real estate market, a new contender is emerging – Sydney, Australia. While Dubai may boast glitz and glamor, Sydney offers a compelling combination of strong, stable growth, and a secure investment environment, making it a far more attractive option for investors seeking not just high returns, but also peace of mind.

Tenant experience platform, Aeria, raises $1.8 mn pre-seed round Led by Kalaari, Foundamental
Bengaluru: Tenant Experience and asset management platform for commercial real estate Aeria has raised $1.8 million in pre-seed funding led by Kalaari Capital and Foundamental along with AC Ventures, AL Trust and others. Founded by former co-founder of OxfordCaps, Priyanka Gera accompanied by IIM alum Piyush Kateja, Aeria will use the capital to expand its presence across Southeast Asia, Middle East and other Asian countries over the next year. The company uses technology and AI to transform the office buildings from a commodity to an experience.  

BFSI dominate GCC oriented transactions in Chennai 2023: Knight Frank India
 

RVNL zooms 6% on MoU with Airport Authority of India worth Rs 294 cr
Shares of Railway Vikas Nigam Limited, the construction arm of Indian Railways zoomed 6 per cent at Rs 265 a piece in Tuesday’s intraday trade against a 0.36 per cent dip in BSE Sensex. 

Mumbai-Ahmedabad Bullet Train Project: Indian Railways to put up anemometers to enhance safety of bullet train, says Ashwini Vaishnaw
Railway Minister Ashwini Vaishnaw on Tuesday (March 26) shared an update on the Mumbai-Ahmedabad Bullet Train project and informed that, in a bid to uphold the utmost safety measures, Indian Railways plans to install anemometers. According to the information shared by Vaishnaw on Twitter, these anemometers will be put in place at 14 strategic locations spanning Gujarat and Maharashtra. 

Shapoorji Pallonji Group sells Gopalpur Port to Adani Ports for an enterprise value of ₹3,350 crore
Mumbai:  The Shapoorji Pallonji Group announced the sale of its brownfield Gopalpur Port to Adani Ports and SEZ Limited for an enterprise value of ₹3,350 crore. This is the second port divestment in the last few months. It had earlier divested its Dharamtar Port to JSW Infrastructure Limited for an enterprise value of ₹710 crore. “With these asset sales, the SP Group continues its deleveraging journey with planned asset monetisation to marquee counterparts,” said a press statement.

Adani Ports acquires 95% stake in Gopalpur Port in Odisha for Rs 3,080 crore
Adani Ports and Special Economic Zone (APSEZ) on Tuesday announced that it has entered into a definitive agreement to acquire Gopalpur Port Limited (GPL) at an enterprise value of Rs 3,080 crore. In a regulatory filing, the company said that it has entered into an agreement to purchase the 56 per cent stake of the SP Group and 39 per cent of Orissa Stevedores Limited (OSL) in Gopalpur Port Limited (GPL). 

Gopalpur port buy will give Adani group bigger hold over east coast logistics
The Adani Group will further consolidate its position in the east coast with the acquisition of the Gopalpur Port in Oidisha. Sandwiched between two government-owned major ports at Visakhapatnam and Paradip, respectively, Gopalpur will be the sixth Adani port on the east coast after Dhamra, Gangavaram, Krishnapatnam, Katupalli and Karaikal.

Adani's stake purchase in Gopalpur Port to provide debt relief to SP Group
Adani Ports and Special Economic Zone Ltd. is set to buy a majority stake in Gopalpur Port Ltd. from Shapoorji Pallonji Group, a deal that would help lower the debt burden of the Indian construction group controlled by billionaire Shapoor Mistry.