Gati Shakti NPG assesses four road, two rail projects worth ₹52,000 cr
New Delhi: Six infrastructure projects worth about ₹52,000 crore, including four from the road transport sector and two from railways, were assessed at the 56th Network Planning Group (NPG) meeting under PM Gati Shakti on Wednesday. “This takes the total number of projects assessed by NPG to 112 with a total value of around ₹11.53 lakh crore, since the launch of PM Gati Shakti,” per a statement issued by the Commerce & Industry Ministry on Thursday.

JSW Infrastructure IPO allotment finalised: Latest GMP, here's how to check allotment status
JSW Infrastructure IPO allotment status: JSW Infrastructure IPO share allotment has been finalised. The investors who applied for the issue can check the JSW Infra IPO allotment status in the registrar's portal, which is Kfin Technologies Ltd.

Housing sales at all-time high in Q3 2023 – Over 1.20L units sold in top 7 cities
The Indian residential property segment remained unstoppable in Q3 2023, despite the usually slow monsoon quarter. Latest ANAROCK Research data shows that Q3 2023 saw housing sales across the top 7 cities create another new peak with approx. 1,20,280 units sold, against approx. 88,230 units in Q3 2022. This denotes a staggering 36% annual sales growth.

Over $1.5 billion of land deals transacted in MMR in 2023 so far
Mumbai: The Mumbai Metropolitan Region (MMR) has seen property transactions worth over $1.5 billion in 2023 so far, the highest across the country as large real estate developers are readying to make launches to meet the anticipated demand. Data on property sales in Mumbai, Thane, Raigad and Palghar districts were provided to businessline by analytics and intelligence platform CRE Matrix. Mumbai accounted for mosttransactions in terms of value with deals worth ₹7,956 crore being closed in the year so far. Thane district had over three times the number of deals as Mumbai in terms of numbers, but the transacted value was much lower at ₹2,778 crore. Raigad district saw transactions worth ₹265 crore while in Palghar the value of the transactions were just over ₹92 crore.

Arkade Developers buys 3-acre plot in Mumbai for Rs 104 crore
Mumbai: Arkade Developers has acquired a 3-acre industrial plot in Bhandup, an eastern suburb of Mumbai, for around Rs 104 crore. The plot, bought from a company called Copper Rollers, will be used to develop a mixed-use project, including 2 and 3BHK residences. Arkade has filed a draft offer document with SEBI to raise Rs 430 crore in an initial public offering. “This acquisition is in line with our strategy to acquire projects in the eastern region of MMR,” said Amit Jain, CMD, Arkade.

A Luxurious Odyssey: Exploring opulent residences and trends in India
India, a land rich in diverse cultures and timeless traditions, has an enduring love affair with luxury. Join us on a journey through the world of opulent residences and the trends that define luxury real estate in the Indian subcontinent. Our journey begins in a land where the past meets the present, where the ancient and the modern coexist in seamless harmony. In this enthralling narrative, we shall explore the world of opulent residences, where luxury is not merely a lifestyle choice but a deep testament of one’s appreciation for the finer things in life.

Premium property segment gains momentum – Here’s why
In recent years, the premium real estate space has undergone a remarkable transformation. With sales momentum rising every year since 2021, the premium housing segment has performed well. In the post-pandemic world, overall sales have been rising steeply across the top seven big cities in the country.

Continuous demand for luxury real estate may not sustain: Prashant Thakur, Anarock Group
If you want a sustainable, long-lasting growth for the real estate industry, it has to be an overall participation and that comes from the bottom of the pyramid, says Prashant Thakur, Regional Director & Head of Research, Anarock Group. Edited excerpts:

Relief for realty, but beware the coming avalanche of homes
A combination of relatively muted supply of residential property and firm demand has aided in faster absorption of housing unit inventory in key Indian markets. Thus, the unsold residential unit inventory is falling, a trend well captured by the inventory months data. Inventory months refers to the number of months required to sell the currently available inventory. In August, inventory months at a pan-India level (top seven cities) fell to nearly 17 months from 20 months in January, showed data compiled by PropEquity and Nuvama Research.

Real estate: Buy or rent? Invest or occupy? Here's how you can decide
Source Credit: Sunainaa Chadha, Business Standard

New DelhiDespite a surge in property prices and interest rates, housing loans and property sales have increased in India post the pandemic. According to the RBI data, the all-India house price index (HPI) recorded its highest increase over the last seventeen quarters (4.6 per cent, y-o-y) in the fourth quarter of 2022-23, and quality-conscious millennials prefer A-grade builders delivering projects priced in the Rs 1-2 crore range, shows data analysed by Bankbazaar.

Allcargo group company acquires two land parcels in Gurgaon for Rs 231 crore

TransIndia Real Estate Limited, an Allcargo Group company, has acquired two land parcels for warehousing with a combined value of Rs 231 crore in Gurgaon’s Farukh Nagar, two people aware of the deal said.

Oberoi Realty inks pact to redevelop 3.3-acre land parcel in South Mumbai’s Tardeo

Realty developer Oberoi Realty has entered into an agreement to redevelop a land parcel spread over 3.3 acres in Tardeo locality of South Mumbai.

‘We are expecting a sales growth of 15% in FY24’: Sanjay Dutt, Managing Director & CEO, Tata Realty & Infrastructure

In an interview, the company's managing director and CEO Sanjay Dutt tells Raghavendra Kamath about the company's strategy and outlook for the property markets. 

Policy for reducing fossil fuel use in highway construction on the cards
The government is close to finalising a policy for giving incentives for use of construction machinery running on non-fossil fuels in highway construction, roads and highways minister Nitin Gadkari said on Thursday.

Road ministry sets target for making NHs pothole-free by December end
New Delhi: The road transport and highways ministry has set a target to make all National Highways pothole-free by s December-end. The entire 1.46 lakh km of NH network will be covered under some kind of a perpetual maintenance contract and officials concerned will be held responsible for any failure to ensure pothole-free roads.
 

Mega infrastructure boost! Approval recommended for six infrastructure projects worth Rs 52,000 crore under PM Gati Shakti initiative
In an official statement today, it was disclosed that six infrastructure projects involving roads and railways, with a total worth of Rs 52,000 crore, have been recommended for approval under the PM Gati Shakti initiative. This brings the total number of projects assessed by the Network Planning Group (NPG) to 112, amounting to approximately Rs 11.53 lakh crore since the inception of PM Gati Shakti.

National Highways to be pothole free by December this year: Nitin Gadkari

The government will soon firm up a roadmap to make India’s national highways pothole free by December 2023 with construction focus shifting from the engineering, procurement and construction (EPF) model to build-operate-transfer (BOT) model and the hybrid annuity model (HAM) for government projects under the ministry of road transport and highways.

Policy soon to use urban solid waste for constructing highways
 

Government aims for pothole-free national highways by year-end, emphasises BOT mode
 

Amrit Bharat Stations: Indian Railways shares revamped design of Punjab’s Sirhind station – Take a look
The Indian Railways has taken up the charge of redeveloping railway stations across the length and breadth of India under the Amrit Bharat Stations scheme. 

Indian Railways sign deal with Indo-Russian JV for Vande Bharat trains
New Delhi: The Indian Railways has signed a supply contract with the Indo-Russian joint venture (JV), Kinet Railway Solutions, for manufacturing Vande Bharat trains, according to a report in The Economic Times (ET). Earlier, the viability of the JV had been questioned as the United States imposed fresh sanctions against senior officials linked with the Russian partners in this joint venture with the Indian company, Rail Vikas Nigam Limited (RVNL).

Ghaziabad revives Noida Electronic City-Sahibabad Metro line proposal once again
In a bid to bridge the gap between the RapidX corridor in Ghaziabad and the metro's Blue and Red lines, the Ghaziabad Development Authority (GDA) is breathing new life into a long-dormant proposal of Noida Electronic City-Sahibabad line metro line. As pe a TOI report, this initiative, which had been shelved for nearly five years due to perceived high costs, is now back on the table.