Sun Estates Developers plans to invest Rs 1000 cr in hospitality projects in Goa
Sun Estates Developers has announced its foray into the hospitality sector with a grand vision for Goa. The company is planning to invest close to Rs 1000 crore to introduce a series of hospitality projects, aimed at elevating the tourism experience in one of India’s most sought-after destinations.

Macrotech Developers Q4 Results Live : profit falls by 10.6% YOY
Macrotech Developers Q4 Results Live : Macrotech Developers declared their Q4 results on 24 Apr, 2024. The topline increased by 23.44% & the profit decreased by 10.6% YoY.

Lohia Global to develop 5 residential projects, plans Rs 1000 cr investment
Lohia Global, a business group with 44 years of global presence in sectors like exports, manufacturing, and energy, has announced its venture into the Indian real estate market with Lohia Worldspace.

Real Estate: Secret revealed! Majority of HNIs prefer this investment model to generate wealth in realty space
A survey has revealed that 64% of high networth individuals prefer the fractional ownership model to invest in commercial real estate (CRE) in India.

Embassy REIT guides for lower leasing in FY25
Embassy Office Parks REIT has guided for 5.4 msf of gross leasing in FY25, despite exceeding its FY24 target by 35 per cent, indicating a flat growth in office leasing. It has however guided for a higher net operating income in the range ₹3210-3350 crore and higher distribution in the range ₹22.4-23.10 per unit, compared to ₹21.33 seen in FY24, which was down 2 per cent on year.

Dalmia Bharat pushes back Jaypee Cement acquisition timeline to September-end following ‘procedural delays’
New Delhi: Cement-maker Dalmia Bharat is looking to complete acquisition of Jaypee Cement’s facilities by September-end, thereby pushing back the timeline by another six months, following “procedural delays”, the company’s MD and CEO, Puneet Dalmia said. Hindrances to the deal continue because of pending approvals from banks, ongoing arbitration between Jaiprakash Associates (parent company of Jaypee Cement) with UltraTech, and some lack of clarity on previously announced JVs with SAIL.

ACC Q4 result: Net profit up 301% and board recommends annual dividend of Rs 7.50; Read to know more
ACC, a subsidiary of Ambuja Cements, is one of India’s leading producer of cement and ready-mix concrete, clocked a consolidated net profit of Rs 944.84 crore in Q4FY24, an increase of 4 times year-on-year compared to the Rs 235.66 crore it reported in the same quarter in FY23. The company’s consolidated Q4 revenue stands at Rs 5,408.72 crore, which rose 13% on year Vs Rs 4,790.91 crore it posted in Q4 of FY23. The improved performance is attributed to all round improvement in volume, cost and efficiency parameters.

ACC net jumps 4 times on better realisation
 

CDRI urges swift action to boost investments in robust infrastructure; Amit Prothi highlights the challenges world faces due to growing frequency of disasters
The International Conference on Disaster Resilient Infrastructure (ICDRI), held at Bharat Mandapam, New Delhi, commenced on April 24th. It serves as a pivotal two-day gathering, bringing together global stakeholders including governments, infrastructure entities, multilateral development banks, the private sector, and the media. The conference, organised by the Coalition for Disaster Resilient Infrastructure (CDRI), launched by Prime Minister Narendra Modi in 2019, boasts 46 member nations.

Una to Delhi Jan Shatabdi Express resumes service following 3-day hiatus – Check details here
The Jan Shatabdi Express, operating from Una in Himachal Pradesh to Delhi, has resumed its service after a three-day suspension because of the ongoing farmers’ movement in Punjab and Haryana, according to officials, PTI reported.