Top Indian Infrastructure Industry News & Updates - 24 April 2024,Wednesday

🏢 Industry & SEZ

📝  Fractional ownership platforms start registering under new SEBI regulations
📝  Haryana RERA imposes Rs 50 lakh penalty on Countrywide Promoters for misleading advertisement
📝  The Executive Centre announces change in leadership for South Asia, Middle East
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🏗 Construction

📝  NBCC reported highest ever sale in 2023-24
📝  NCLT admits insolvency resolution plea against listed infra firm Sadbhav Engineering
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🏘 Real Estate

Retail real estate adapting to the rise of e-commerce
The surge in e-commerce has transformed the face of retail industry in the country, creating business opportunities as well as posing challenges to conventional real estate in India. With e-commerce growing rapidly and more people enjoying the benefits of online shopping, shopping malls and physical retail places are getting significantly impacted. Yet, despite the challenges brought by the changing dynamics, there is a sense of confidence among the leaders in the industry for adapting to the changing surroundings.
Home price rise would be subdued at 5% in FY25: India Ratings
Housing price rise would be subdued at around 5% in FY25, due to the base effect and large amount of new launches planned, said a report by India Ratings & Research.
From Shantigram to Dharavi: How the rise of Adani’s realty play threatens DLF
Bengaluru: “Mumbai is my second home," billionaire businessman Gautam Adani said in a statement, a day after the much-awaited Dharavi redevelopment survey began on 18 March. “Dharavi is not just a business model. I feel proud and privileged to have the opportunity to lead the redevelopment of Dharavi. Of all the work our group does, Dharavi is closest to my heart," Adani further added.
Decarbonisation platform Accacia secures $6.5-m funding
AC Ventures also participated alongside Accel and B Capital. Founded in 2022 by INSEAD alumni Annu Talreja, together with Piyush Chitkara and Jagmohan Garg, Accacia offers an AI-enabled SaaS [software as a service] platform that helps real estate asset managers, owners and developers track their emissions and design decarbonisation solutions.
📝  Puravankara set to redevelop 2.5-acre housing society in Mumbai’s Pali Hill
📝  UP RERA penalises homebuyer for repeatedly filing complaint with the authority
📝  Residential housing demand and price growth to moderate in FY25: Ind-Ra
📝  Steady absorption, modest supply growth in commercial realty to continue in FY25
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🛍 Cement

Cement volume growth recovers to 7-8% in Q4FY24, benign costs to prop up profitability on-year, says CRISIL
Cement volume growth recovered to 7-8 per cent on-year in the last quarter of fiscal 2024, after growing approximately 15 per cent on-year in the first half and logging a moderate slowdown in the third quarter due to regional hindrances, said a report by CRISIL. This, it added, was driven on aggressive volume push. 
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🚙 Roads & Highways

Highways sector on expansion drive but project delays persist
New Delhi: Leaving behind a good infrastructure is a legacy which every government aspires for. “We consider infrastructure development as the driving force of the economy,” Prime Minister Narendra Modi emphasised last month highlighting his government’s efforts in the last 10 years to expand roads and highways infrastructure, an exercise crucial to propel India among the top three economies globally.
Green highways, advanced tolling mechanism etc. still remain to be done
How has the NDA government performed with respect to expansion of national highways (NH)?
📝  Mumbai-Pune Expressway gets new speed limits. Check it out
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🚃 Railways

Indian Railways’ Summer Rush: Over 41 crore passengers travelled by train in April, officials highlight strain on services
The Indian Railways on Monday (April 22) informed that over 41 crore people traveled by train until April 21, highlighting the strain on its operations and passenger services.
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