Top Indian Infrastructure Industry News & Updates - 25 April 2023,Tuesday
🏘 Real Estate
📝 Birla Estates acquires prime land parcel in South Mumbai’s Malabar Hill
📝 Managed offices provider DevX raises $3 million from family offices for expansion
📝 Managed offices provider DevX raises $3 million from family offices for expansion
📝 Adobe leases additional 2000 seats in Bengaluru
📝 Mahindra Lifespaces inks pact to redevelop housing society in Mumbai’s Malad suburb
📝 Home rentals surge up to 40% on low supply in some markets
📝 LTI Mindtree, LTTS consolidate realty assets
📝 Sobha shareholders reject two remuneration proposals
📝 TVS ILP looks to raise up to $100 million via warehouse InvIT
📝 Mall operators expected to clock 7-9% revenue growth in FY24
📝 New Gurugram: A fast-growing realty hub for mid-range housing
📝 Expect both affordable and high-end residential real estate to grow simultaneously in long term: Siraj Saiyed
📝 Alternate Investment Funds: Offering working capital to real estate
📝 Ashiana Housing’s Amarah Phase 2 in Gurugram fully sold out in 3 days
📝 Sobha shareholders vote against resolution for increased remuneration to Ravi Menon
📝 Oberoi Realty Q4 bookings surge on one-off transactions; new launches remain key
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🛍 Cement
📝 Cement firms get a grip on profitability, but not price
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🚙 Roads & Highways
📝 Construction of national highways at 10,331 km in 2022-23
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🚃 Railways
📝 Mega boost for Infrastructure! Modi launches several Railway projects in Madhya Pradesh – Details Inside
📝 Kerala’s first Vande Bharat Express – PM Modi to flag off new age train today; Know its stoppages on inaugural run and other details
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🚢 Ports
📝 Adani Ports to purchase $130 million worth notes maturing 2024
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