Top Indian Infrastructure Industry News & Updates - 25 Sep 2023,Monday

🏢 Industry & SEZ

Policy tweaks soon to attract global patient capital for infra projects
With India requiring massive investments in infrastructure and green transition in the coming years and domestic financing structures making slow headway, the Centre is set to make a renewed effort to tie up global patient funds for such projects.
As many as 412 infra projects show cost overruns of Rs 4.77 lakh crore in Aug:
As many as 412 infrastructure projects, each entailing an investment of Rs 150 crore or more, have been hit by cost overruns of more than Rs 4.77 lakh crore in August this year, an official report said.
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🏗 Construction

JSW Infra raises ₹1,260 crore through anchor investors
JSW Infrastructure Ltd is going to launch its initial public offering (IPO) with a price band of ₹113 -119 and the bidding for the issue will be open from 25 to 27 September 2023, the company said in a press meet while announcing the IPO.
Mumbai’s iconic Bellasis Bridge to make way for modern steel marvel! Know key features, cost and more
A brand-new cable-stayed steel bridge is on the horizon, poised to replace the aging Bellasis Bridge in Mumbai’s bustling island city. The transformation is essential to accommodate the ever-increasing traffic demands of the city. In just four months, the century-old Bellasis Bridge, linking Nagpada on the east with Tardeo on the west, is scheduled for demolition, marking the dawn of a new era in connectivity, reported The Indian Express. Situated between Mumbai Central and Grant Road in the island city, Bellasis Bridge is a Railway Overbridge (ROB), which spans over railway tracks.
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🏘 Real Estate

Why this may be the right time to invest in your dream home
It is a well-known fact that real estate is an appreciating asset. Historically, average real estate prices have multiplied and given healthy and robust returns to investors, despite multiple cycles of recession.
Real estate becomes a preferred investment choice for young buyers
In the ever-evolving investment landscape, real estate has become the preferred choice for investors while gold, once a haven, is losing its luster. A recent Anarock Consumer Sentiment survey revealed that in the first half of 2023, over 60 per cent respondents expressed an inclination to invest in real estate, which is a 3 per cent increase compared to the previous survey. It indicates that investors are seeking tangible and long-term assets due to growing financial market uncertainty.
Real estate fractional ownership market touches Rs 4,000 cr; to grow at 25-30 pc annually: Report
Fractional ownership of real estate is gradually gaining acceptance among investors as assets under management have touched Rs 4,000 crore, according to a report. TruBoard Partners, a tech-enabled real asset management company, has come out with a report on fractional ownership.
Retire in Luxury: Benefits of Luxury Apartments for Senior Citizens
As the curtains draw on a lifetime of accomplishments and hard work, senior citizens yearn for a retirement that encompasses both comfort and opulence. In recent years, luxury apartments that are tailored explicitly for retirees have gained immense popularity, providing an elevated living experience that caters to their refined tastes and preferences. These exclusive residences offer a wealth of benefits that enhance the overall retirement experience. From unparalleled comfort to vibrant social connections and comprehensive healthcare, luxury apartments redefine retirement living.
Gaurs Group buys 2 projects for Rs 700 crore

Noida-based Gaurs Group has acquired 18 acres of land in Sector 129 of Noida and a stalled project in Jaypee Greens, Greater Noida, together for about ₹700 crore, three people aware of the deal said.
Gaurs Group buys 2 projects for Rs 700 crore

Noida-based Gaurs Group has acquired 18 acres of land in Sector 129 of Noida and a stalled project in Jaypee Greens, Greater Noida, together for about ₹700 crore, three people aware of the deal said.
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🚙 Roads & Highways

NHAI toll receipts jump, 75% of annual target reached in 5 months
As toll collections remained buoyant, the government has so far transferred Rs 15,605 crore to the National Highways Authority of India (NHAI) as part of its share of user revenue. This si 75% of the amount the agency was estimated to get during the whole of the current financial year.
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🚃 Railways

Vande Bharat Express to connect Mangaluru and Goa by October-end! New train schedule approved – Details here
The Railway Ministry has conveyed plans to introduce a Vande Bharat Express train from Mangaluru to Goa by the end of October, BJP Karnataka unit president Nalin Kumar Kateel informed on Saturday. Kateel stated that Union Railway Minister Ashwini Vaishnaw has personally assured the commencement of the new semi-high-speed train service from Mangaluru.
Premium trains, faster highways dampen demand for short-haul air travel
New Delhi: The introduction of premium trains such as the Vande Bharat, and the reduction in travel time on highways, are dampening demand for air travel on short routes, especially when airfares are steep, industry experts said.
New Vande Bharat Express linking Ranchi and Howrah set to boost connectivity and development
Faster and more efficient travel is set to become a reality for the residents of Jharkhand and West Bengal as the 20898/20897 Ranchi – Howrah – Ranchi Vande Bharat Express is poised to become the fastest train connection between the two capital cities.
New chapter began in Railways under PM Modi: Union Minister Kishan Reddy
A new chapter began in development of Railways in the country under the NDA government led by Prime Minister Narendra Modi, Union Minister G Kishan Reddy said on Sunday. He was speaking at an event at the Kachiguda railway station here on the occasion of Prime Minister Narendra Modi flagging off nine Vande Bharat trains, including the Hyderabad (Kachiguda)-Bengaluru (Yeswantpur) Vande Bharat Express, virtually.
Indian Railways introduces 2 new Vande Bharat trains in West Bengal today – Check routes, stoppages and more
A festival bonanza for West Bengal! Indian Railways has introduced two new Vande Bharat Express on Sunday. This is the the third and fourth blue and white colour train for the state. The trains will connect Howrah-Patna and Howrah-Ranchi. Both the trains will be maintained and operated by East Central Railway (ECR) and South Eastern Railway (SER) zone respectively.
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🚢 Ports

JSW Infrastructure plans to bid for terminals at major ports

JSW Infrastructure will bid for the multiple terminals that are being offered by the government as part of a privatisation drive under the public-private-partnership model, people aware of the development said.
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