Sundream Group to invest Rs 250 cr in 2nd phase of Anthurium Business Park project in Noida
The Sundream Group has announced its plan to invest Rs 250 crore in FY24-25 in the second phase of its Noida-based commercial project Anthurium Business Park.

Land deals on upswing; 721 acres closed in Jan-March, nearly 3,000 acres in FY24: Anarock
New Delhi: Builders and other entities have closed at least 29 land deals involving 721 acres during January-March this year to expand their businesses amid a surge in demand especially for housing, according to Anarock. During the 2023-24 fiscal, property consultant Anarock said that real estate developers and other entities have closed 101 land deals, cumulatively accounting for 2,989 acres.

Developers double down on premium housing as affordable launches stagnate
Demand for big-ticket housing in India’s residential real estate sector is set to rise in the next decade, in line with a significant shift observed over the last five years, where launches of high-end residential units priced above Rs 1.5 crore skyrocketed by a staggering 1,000 per cent between 2019 and 2023. In the meantime, new launches of units priced below Rs 75 lakh, including affordable housing, remained stagnant in the country’s top seven cities, even as sales grew by 27 per cent.

Ayodhya becoming a hotbed for real estate, infra, hospitality & commercial sectors: Ankit Kansal
As the table turns on Ayodhya, the temple town will become a key growth engine of UP’s economy. It is, however, wrong to presume that Ayodhya’s growth will mostly be centered on hospitality, tourism, and real estate. The temple town will follow a more balanced, multi-phased and multi-themed development, says Ankit Kansal, MD, Axon Developers.

Proptechs are mushrooming riding the dizzy real estate wave
The demand momentum in the real estate market, especially the residential segment, has spurred the growth of real estate startups, called proptechs, some of which have attained unicorn status while there are several others on the way. There are already 6-7 unicorns in the sector including prominent ones such as NoBroker, a platform for buying, selling, or renting a house without paying brokerage fees and interior designing firm Livspace.

UltraTech to acquire India Cements unit
UltraTech Cement, India’s largest cement producer, has entered into an agreement with India Cements to acquire a 1.1 million tonne per annum (MTPA) grinding unit in Parli in Maharashtra for Rs 315 crore.

Three National Highways, 104 roads blocked in Himachal Pradesh as widespread rain, snow wreak havoc; MeT sounds yellow alert
As many as 104 roads and three national highways were blocked and normal life in Himachal Pradesh was disrupted on Saturday (April 20) as higher reaches experienced snowfall and mid to lower hills were lashed with rain, officials reported. 

Project connecting Sikkim to railway network for the first time hits major milestone; only 9% of project is on ground – Key details inside
A significant development has been seen in the Sivok-Rangpo Rail Project which is to connect Sikkim to the railway network for the first time. The project has seen the construction of an 855-metre-long emergency exit tunnel.