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.

FE Exclusive : Infrastructure should not fail during the moment of crisis, says Amit Prothi, Director General, CDRI
CDRI is an international organisation set up by the government of India to provide leadership on the topic of disaster resilient infrastructure. In an exclusive interview with Financial Express Online, Amit Prothi, Director General, CDRI – Coalition for Disaster Resilient Infrastructure, talks about various programmes organised by the steering committee, the establishment, functioning of SIDS and IRIS and also the nature-based infrastructure solutions. Excerpt:

L&T’s share buyback subscribed 7.2 times
Larsen & Toubro’s first-ever share buyback has received stupendous response, being subscribed 7.2 times, according to data on the National Stock Exchange. Against the 3.13 crore shares on offer, the company received offers for 22.55 core shares for a staggering ₹72,160 crore. The company had fixed the buyback size at just over ₹10,000 crore. The original buyback price was ₹3,000 a share, which was subsequently raised to ₹3,200 a few days before the buyback programme opened. The buyback was open between September 18 and 25.

Future of Green Real Estate: Technical advancements and net zero energy structures
The trajectory of real estate is firmly set on a sustainable and eco-conscious path, and it’s not just a passing trend but a vital necessity. In light of the critical climate change challenges our world is grappling with, there is an urgent imperative to curtail greenhouse gas emissions in every sphere, and the real estate sector is no exception. Buildings account for a significant share of worldwide energy consumption and carbon emissions. Consequently, embracing sustainable practices within the realm of real estate becomes paramount in our collective efforts to mitigate the impacts of climate change.

`We have a healthy pipeline of launches this year' : Abhishek Kapoor, Group CEO, Puravankara
Puravankara, a Bengaluru-based developer, has lined up launches of 12 residential projects this year Abhishek Kapoor, group CEO, tells Bindu D Menon that the cornpany has a healthy cash flow on the back of strong demand for residential projects. 

Wipro sells 14 acre land, Chennai building to Casagrand Bizpark for Rs 266.38 crore
IT services company Wipro on Monday announced that it has executed the sale of a parcel of land measuring 14 acres and 02 cents, along with a 20-year-old building in Chennai, Tamil Nadu. The building which is spread across an area of approximately 589,778 sqft at Chennai’s IT corridor of Sholinganallur is sold to Casagrand Bizpark Private Ltd, for a consideration of Rs 266.38 crore, the company said in a regulatory filing. 

Growing trend of wellness-oriented design in residential real estate
In the ever-evolving landscape of residential real estate, a transformative trend is emerging that is reshaping the way we envision our homes and living spaces. Welcome to the era of wellness-oriented design, where the emphasis is not only on aesthetics and utility, but also on the well-being of the residents. This paradigm shift is redefining the concept of ‘home’, focusing on health and happiness as essential components of modern living.

Here's why 3BHK are becoming more popular among home buyers in India
In a recent study conducted by property consultant Anarock, it has been revealed that Bengaluru is at the forefront of the demand for 3BHK accommodations, with 51 per cent of homebuyers in the city seeking spacious living options, a TOI report stated. This trend is not unique to Bengaluru alone, as Chennai follows closely with 50 per cent, and Delhi with 47 per cent of homebuyers expressing interest in 3BHK homes. The study, which focused on data from the first half of 2023, encompassed seven major Indian cities.

Godrej Properties sells around 670 flats worth over Rs 2,000 crore in new project in Noida
Godrej Properties purchased the land through an e-auction conducted by the Noida Authority in November last year.

CREDAI-NCR is committed to put home buyers at the forefront of its policies: Manoj Gaur
CREDAI-NCR firmly believes that prioritizing the interests and needs of home buyers is a collective responsibility that must be reflected in all aspects of the real estate sector. It aims to achieve this by ensuring transparency in all dealings, maintaining accountability among its members, and striving to meet the aspirations of every homebuyer, says Manoj Gaur, Chairman, CREDAI-NCR, and CMD, Gaurs Group.

Top institutional funds form platforms for office spaces

Limited availability of quality office assets for investments is leading institutional funds to create platforms with developers for building office spaces from early stages, but they remain cautious amid a global recession and lower demand for large office spaces in the country.

Japan’s Sumitomo Corp concludes 80-year lease for BKC plot for Rs 2,067 crore

Japan’s Sumitomo Corporation Group has concluded a long-term lease agreement for a nearly 3-acre land parcel in Mumbai’s Bandra-Kurla Complex with Mumbai Metropolitan Region Development Authority (MMRDA) for over Rs 2,067 crore.

Sumitomo leases land in Mumbai for over '2k crore

Japan's Sumitomo Corporation Group has concluded a long-term lease agreement for a nearly 3-acre land parcel in Mumbai's Bandra-Kurla Complex with Mumbai Metropolitan Region Development Authority (MMRDA) for over ₹2,067 crore. Goisu Realty, a subsidiary of Sumitomo Realty & Development Company, has picked up the land parcel through an 80-year lease agreement. It emerged as the highest bidder for the plot in 2019 but conclusion of the deal has taken more than four years.

Ashiana Housing plans ₹500 crore expansion in Chennai
Ashiana Housing, a senior living-focused real estate developer, is planning to launch two premium residential projects in Chennai comprising 1,500 units under multiple phases at a total capex of ₹500 crore. 

Shree Cement to raise up to Rs 700 cr via NCDs on private placement basis
 

India-Middle East-Europe corridor to become basis of world trade for centuries, says PM Modi
Prime Minister Narendra Modi, during his Mann ki Baat address on Sunday (September 24), hailed the proposed India-Middle East-Europe Economic Corridor and said that it has the potential to serve as the foundation for global trade for many centuries to come. The prime minister highlighted the significance of the corridor’s initiation on Indian soil, suggesting that it will be a landmark in history. 

Rajasthan’s 3rd Vande Bharat Express begins commercial operations – Check out ticket fare, catering rates, and coach composition
The newly introduced Udaipur-Jaipur Vande Bharat Express has commenced its commercial service. This is the third semi-high speed train for the state and second with high rise pantographs. The train is being maintained and operated by the North Western Railway (NWR) zone.

Hyderabad-Bengaluru Vande Bharat Express reduces travel time by 150 minutes! Know distance, frequency, stoppages, and more
Good news for travellers! The launch of new Vande Bharat Express between Telangana and Karnataka is set to become a preferable choice for rail commuters as well as for tourists. With the introduction of the semi-high speed train on the route, the travel time between the two states has been reduced to more than 01:30 hrs. This is the third blue and white colour train for the Telugu state after Secunderabad-Visakhapatnam and Secunderabad-Tirupati.

JSW Infra eyes to double port capacity to over 300 MTPA in 7 to 10 years, says CEO