Top Indian Infrastructure Industry News & Updates - 18 Sep 2023,Monday

🏗 Construction

Signature Global plans to launch 21 million sq ft projects

Signature Global, an NCR-based real estate developer, plans to launch 21 million square feet of projects in the next three-five years, primarily in the mid-income housing sector as it looks to reduce debt, said founder and chairman Pradeep Aggarwal.
DLF ventures into wellness with 'Thrive' fitness centres

DLF plans to enter the wellness segment with the launch of 'Thrive' brand of fitness centres across its office complexes and shopping malls, said a senior executive at the property developer. The company has opened a fitness centre in Cyber Park, Gurugram, and plans to open a similar one in Chennai.
📝  Q&A: ‘We continue to invest in India’ says JCB Chairman
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🏘 Real Estate

L&T Realty records complete sell-out of phase 1 of first residential project in Chennai
L&T Realty, the real estate division of engineering and construction conglomerate Larsen and Toubro, has sold out all the homes in the first phase of its maiden residential project in the city, the company said on Sunday.L&T Realty is engaged in the construction of Avinya Enclave in Manapakkam and the residential project is spread over seven acres.
India SIR signs agreement to sell ₹800 crore worth 19 ultra-luxury apartments in Mumbai
India Sotheby’s International Realty (India SIR), which focuses primarily on luxury residential sales and large property transactions, Sunday said the company has bagged a mandate to sell ₹800 crore worth ultra-luxury apartments at Worli in Mumbai.
Why Faridabad is becoming a hub for luxury housing
Faridabad, a vibrant city located in the northern Indian state of Haryana, has undergone a remarkable transformation in recent years. While it was traditionally known for its strong industrial and manufacturing sectors, it has now evolved into a thriving hub for luxury housing.
Sotheby's bags mandate to sell Rs 800 cr worth luxury properties in Mumbai

In a statement, India Sotheby's International Realty said it has signed an exclusive sales and marketing mandate with The Residency, Worli, Mumbai that houses 19 ultra-luxury residences.
Realtor cartels blowing up land prices in Hyderabad, say experts

Hyderabad: Homeowners and realty experts are claiming that land prices are being artificially hiked by vested interests, citing the HMDA’s action on Monday to cancel land allotments to winners of an e-auction in Mokila, located in the southwest corner of the city, over non-payment-of-costs.  
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🚃 Railways

Indian Railways unveils launch details of Vande Bharat Sleeper Version – Know about its composition and more
The introduction of India’s first indigenous-built semi-high speed train ‘Vande Bharat Express‘ has revolutionised rail travel in the country by providing state-of-the-art amenities and reducing travel time between two cities. Now, the Indian Railways is working tirelessly to roll out another version of this new age train. 
Railways needs to double coal transportation capacity to meet power demand by 2030
New Delhi: The Indian Railways needs to almost double its coal transportation capacity from the current 660 million tonnes (MTs) per annum to 1,200 MTs by 2030 to meet the growing energy demand, a study by a research unit of the national transporter has said in its latest report.
 
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