Top Indian Infrastructure Industry News & Updates - 28 March 2024,Thursday

🏢 Industry & SEZ

📝  Residential sale in FY24 reached a decadal high with almost 5 lakh units sold
📝  India data center capacity to double in 3 years, capex requirement Rs 50,000 crore
📝  'We are ending toll': Nitin Gadkari on new toll system
Read More >>

🏗 Construction

📝  NBCC sold 480,000 sq ft for Rs 1905 crore in World Trade Centre
📝  BigBloc Construction Ltd investing around Rs 95 crore for expansion at Kapadvanj and Wada
📝  GOCL ties up with Squarespace Builders to monetise 264.5 acres in Hyderabad for Rs 3402 crore
Read More >>

🏘 Real Estate

Maximizing Returns: How to choose between commercial and residential real estate investments
When it comes to real estate investments, the choice between commercial and residential properties can significantly impact the potential for higher returns. Analyzing market dynamics and personal finance factors becomes crucial in making an informed decision.
Demystifying the World of Ultra-Luxury: The new housing segment on the rise
The residential sector seems to have reclaimed its glory in the past year and amongst the various sub-asset classes, the luxury segment has gained special attention from homebuyers, developers and investors. 2023 has been an exceptionally great year since all the top eight markets witnessed record launches in the segment, complemented by impressive sales. The changing preferences to upgrade the living experience coupled with high appreciation potential have not only fortified the luxury segment but also created new possibilities, in the form of a new category, popularly known as the ultra-luxury segment.
Chennai records 6.02 million sqft GCC oriented transactions in 2023, BFSI largest occupier, says Knight Frank India
The burgeoning trend of Global Capacity Centres (GCC) focused transactions in the commercial real estate market in Chennai has taken centre stage. The city has recorded a surge in GCC-oriented office transactions during 2023, totalling 6.02 million sqft across 71 deals, said a report by Knight Frank India. This figure represents a 176 per cent year-on-year (YoY) increase, signifying Chennai’s growing prominence as a preferred destination for GCC operations. 
Housing sales in top 7 cities record 14% yearly rise in Q1 2024
The bull run in the Indian housing market continued in the first quarter of the year. Quarterly housing sales are at an all-time decadal high with approx. 1,30,170 units sold in Q1 2024 across the top 7 cities, reveals latest ANAROCK data. This is a 14% yearly rise against approx. 1,13,775 units sold back in Q1 2023.
DLF plans to raise Rs 600 crore through issue of debentures to investors

In a regulatory filing on Wednesday, DLF informed that the company's wholly owned subsidiary DLF Home Developers Ltd has raised this amount.
GOCL to monetise 264 acres of land parcel in Kukatpally for Rs 3,402 crore

Additionally, the agreement includes the development of 32 acres of land under a Joint Development Agreement (JDA), in collaboration with Hinduja Estates Private Limited, now known as Hinduja Healthcare Limited (HHL), the company said in a statement.
 
📝  Concorde Group acquires 4.5-acre land in Bangalore
📝  K Raheja inks pact to jointly develop 2.5-acre land parcel in Mumbai’s Worli
📝  NCRTC investigation finds lapses by operational staff
Read More >>

🛍 Cement

Cement rally appears out of sync
Shares of major cement manufacturers ACC Ltd, Ambuja Cements Ltd and UltraTech Cement Ltd have gained 16-40% in the last six months. Does this suggest that all is hunky dory in the sector? Not really.
UltraTech to buy 26% stake in O2 Renewable for green energy needs

This will help the Aditya Birla Group firm meet green energy needs, optimise energy costs and comply with regulatory requirements for captive power consumption under electricity laws.
📝  India Cements plans to raise up to ₹750 cr via bonds
Read More >>

🚙 Roads & Highways

📝  Most InvIT, REIT inflows to go to roads in FY25
Read More >>

🚃 Railways

Indian Railways’ Bengaluru division unveils plan to ease congestion – Here’s all about the ambitious Rs 2,500-crore Devanahalli terminal project
The Bengaluru Railway Division is set to transform in order to ease congestion in key railway stations across the city with a groundbreaking project. According to recent reports, plans are underway to establish a state-of-the-art terminal in Devanahalli, equipped with maintenance facilities, at an estimated cost of Rs 2,500 crore.
Read More >>

🚢 Ports

📝  Vizag port signs agreement for semi-mechanization of WQ-6 berth
Read More >>


Corporate Office

405, TSL Corner
Local Shopping Complex
Sector G Mayur Vihar Phase III
Delhi - 110096, India

Contact

contact@nurcmedianext.com
nurcmnx@gmail.com
nurcmedianext@gmail.com
+91-11-49849324, +91-9958949710