Infra development is key for making India a $5 trillion economy: Nitin Gadkari
Here is an excerpt from a talk with Nitin Gadkari, Union Transport Minister, 8th Edition of ET Now Infra Focus Summit & Awards.

JSW Infrastructure subscribed 37 times
Chennai: The ₹2,800-crore initial public offering of JSW Infrastructure was subscribed 37.37 times on the final day of bidding on Wednesday. The IPO, which came out with price band of ₹113-119, received bids for 509.35 crore shares against 13.63 crore shares on offer. Qualified institutional buyer’s portion was subscribed 57.09 times. Quotas for non-institutional investors and retail investors were subscribed 15.99 times and 10.32 times, respectively. JSW Infrastructure, a part of the JSW Group, raised ₹1,260 crore from 65 anchor investors on September 22, ahead of the IPO. The Sajjan Jindal company said it was allotting 10.59 crore shares to anchor investors at ₹119 a share.

JSW Group makes another attempt to scale-up cement, port business
 

MRG Group launches Rs 500-cr ultra-luxury residential project at Dwarka Expressway
The NCR-based MRG Group has announced the launch of its first ultra-luxury residential project – ‘MRG Crown’ – in Sector 106, Dwarka Expressway, Gurugram, with an investment of Rs 500 crore.

Oberoi Realty to redevelop land in Mumbai's Tardeo, expects 2.5 lakh sq ft of free sale component
Oberoi Realty on September 27 announced that it would be redeveloping an area spreading across 13,450 square metres in Tardeo, a prime location in Mumbai city, which would generate a free sale component of around 2.5 lakh square feet.

Land deals rise over 50% in 2023 as developers rush to launch new projects
Mumbai: The boom in residential real estate, as well as the demand for warehousing space, is leading to more demand for land, and this has resulted in land transactions rising over 50 per cent annually this year with the volume of transactions crossing 2,300 acres. There have been 75 land deals for over 2,310 acres in 2023 year to date, with September alone seeing 16 new deals being closed spanning over 292 acres, according to data provided by ANAROCK Research. This does not include the deal announced by Bombay Dyeing to sell a 22-acre land parcel in Mumbai to Japan’s Sumitomo for ₹5,200 crore. The deal is yet to be closed.

Real Estate Market Cycles: Capitalizing on timing in India
In the world of real estate investing, success often hinges on the ability to read and respond to market cycles. The real estate market in India, like any other, experiences phases of expansion, contraction, and stabilization, each offering unique opportunities and challenges for investors.

How Noida airport can make Greater Noida a preferred destination for investors and travelers
In a transformative development for Greater Noida, the forthcoming Noida International Airport is set to propel the region's population to new heights, with an expected surge of more than threefold, reaching a staggering 40 lakh residents within the next 15 years.

Residential sales at a decadal high: CBRE report
Both sales and new launches of residential real estate could reach a ten-year high in 2023, touching or even exceeding the 300,000-unit mark, a report compiled by real estate consultancy CBRE said.

Binnypet: A premium choice for homebuyers in Bengaluru’s real estate landscape
Bengaluru, renowned as India’s Silicon Valley, has become a global hub of opportunities due to its flourishing economy, diverse culture, and ample growth prospects. According to Knight Frank’s Asia-Pacific Outlook 2023 report, Bengaluru ranks as the second-best real estate market to watch in the APAC cities in 2023. Among Bengaluru’s thriving micro-markets, Binnypet stands out as a key investment destination for real estate, according to experts.

Soaring realty prices challenge Mumbai’s financial capital status, realtors urge premium rationalisation

Soaring real estate prices have started to take a toll on the business environment in the country’s commercial capital Mumbai and real estate developers have approached the government to address this through policies to ensure economic vibrancy.

Signature Global makes healthy debut in weak market, lists at 16% premium

Post listing, the stock hit a high of Rs 451.10 and a low of Rs 444.10 in the intraday trade till 10:02 AM. By comparison, the S&P BSE Sensex was down 0.5 per cent at 65,621.

India’s green building stock increases by over 36% since 2019

Green-certified office stock in India has increased by over 36% since 2019 to about 342 million sq ft across top six cities in India due the growing focus of developers and occupiers on sustainability, according to an analysis by CBRE.

Linkedin renews lease for office space in Mumbai’s Bandra-Kurla Complex

Business and employment-focused social media platform Linkedin has renewed the lease for nearly 18,000 sq ft office space in a commercial project Maker Maxity in Mumbai’s business district Bandra-Kurla Complex (BKC) for a long-term tenure of five years.

Will fresh headwinds emerge? 5 cement stocks with an upside potential of up to 31%
While large cement companies might be in the news for one or the other reason, it is midcaps cement stocks which have shown better than expected numbers in the last one year. A number of them have reached the capacity levels from where increase in capacity leads to more operating gains. Now why cement at this time, because the cyclical factor which brings the demand down in monsoon is over in a large part of the country, though it has been very erratic . As the focus of the government continues to be on infrastructure, cement consumption is likely to stay high.

Capacity addition to limit improvement in profitability for cement makers

While the recent uptick in prices and lower input costs is seen shoring up the operating profit of Indian cement makers in the near term, profitability is seen capped over the medium term as companies are unable to take significant price hikes amid capacity additions, analysts said.

Cement makers hike prices to counter rising costs

Cement manufacturers have raised prices sharply by around 12-13% over the past month amid rising input costs even though the post monsoon increase demand is yet to kick in. This is considered as a bold move by sector trackers since cement companies were observing caution over the past few months while deciding prices.

Improving signals for road sector companies with 25% budget boost for FY24
Source Credit: Devangshu Datta, Business Standard

The Budget for FY24 has increased road outlay by 25 per cent year-on-year, invigorating stakeholders in the roads sector. However, unseasonal rains have led to reduced activity, and the volume of awarded projects has also declined.

Railways inks pact with Indo-Russian JV for Vande Bharat trains

The Indian Railways has inked a supply contract with the Indo-Russian joint venture Kinet Railway Solutions for manufacturing Vande Bharat trains.

Adani Ports offers to buy back up to $195 mln of 2024 bond
Adani Ports and Special Economic Zone will buy back as much as $195 million of its 2024 bond, the billionaire Gautam Adani-led company said in an exchange filing on Wednesday.