Top Indian Infrastructure Industry News & Updates - 12 March 2024,Tuesday

🏢 Industry & SEZ

Prime Minister Modi inaugurates Dwarka Expressway's 19km Gurgaon section
The Dwarka expressway is a 28.5-km road, of which the 19-km Gurgaon section has been opened. The entire road is expected to be operational later this year.
PM Modi inaugurates 114 national highway projects worth INR 1 lakh crore
Prime Minister Narendra Modi on Monday inaugurated and laid the foundation stone for 114 National Highway projects across the country worth about INR 1 lakh crore. One of the significant projects is the Haryana section of the Dwarka Expressway, which has been built at a cost of INR 4,100 crore.
PM inaugurates Haryana section of Dwarka Expressway
 
📝  Nitin Gadkari initiates upgradation of NH projects in Khunti, Jharkhand, for INR 2500 cr
📝  Maharashtra RERA cancels registration of 13,785 real estate agents
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🏘 Real Estate

Unlocking efficiency through BIM in construction projects
While India boasts one of the world’s largest and most rapidly expanding infrastructure sectors, it still trails behind global benchmarks in technology and efficiency. Challenges such as inadequate planning, resource mismanagement, budget overruns, delivery delays, subpar design, and unsustainable methods impede the sector’s optimal performance. Advanced technological solutions have revolutionised the way of project management and collaboration. One notable aspect is the concept of Building Information Modelling (BIM), which has emerged as a game-changer in the AEC industry. As India experiences a significant uptick in infrastructure development and urban expansion, the integration of BIM technology presents a promising opportunity to streamline operations, minimise risks, and improve project results.
Patel Road’s infrastructural boost to keep real estate market in the region in fast lane
Patel Road, once a modest neighborhood in central-west Delhi, is currently experiencing a remarkable transformation. Under the leadership of Chief Minister Arvind Kejriwal, this project stands out not only for its uniqueness but also for its impressive scope. Rather than simply adopting European standards, the initiative is tailored to address the specific requirements and preferences of city residents, ultimately enhancing the overall quality of life in the area. This development is expected to catalyze growth in the real estate market, as infrastructural improvements typically stimulate increased investment and demand in the sector.
DB Realty hands over unused land of 186.52 acres in Mira Road to BMC on rent of Rs 248 crore per year
Mumbai-based DB Realty on Monday announced that it has received a letter of acceptance (LOA) from Brihanmumbai Municipal Corporation (BMC) and that it has handed over unused land of 186.52 acres in Mira Road to BMC. The land is temporarily handed over to the BMC on a leave and license for a duration of 3 years (which can be further extended by 2 years) at a license fee of approximately Rs 248 crore average per annum over the duration of 5 years, the company said in a regulatory filing. 
Mid and premium segment properties attract 65% of bookings at Fairpro 2024
Chennai: Confederation of Real Estate Developers’ Associations of India (CREDAI), Chennai Chapter, said its three-day property event Fairpro 2024 that concluded on March 10, attracted more than one-third of prospective home buyers in the mid-segment.
Dwarka Expressway to revolutionize real estate market in Delhi-Gurugram corridor: CBRE
As part of the Development Plan 2031 for the Gurgaon Manesar Urban Complex (GMUC), the Dwarka Expressway, also known as the Northern Peripheral Road (NPR), has been developed as a northern ring road. This expressway provides additional connectivity between Gurgaon and Delhi, serving as an alternative route to the existing NH 8.
Dharavi redevelopment project survey to commence on March 18
Survey for Dharavi redevelopment project to begin March 18
The Hindu Business Line
📝  Certus Capital plans to invest Rs 1,000 cr in real estate through secured credit
📝  Dwarka Expressway to further boost real estate prices in the region
📝  New REITs regulations by SEBI is a game changer: 7 ways how it can help fractional real estate investors: Ashwin Chadha, CEO, India Sotheby's international Realty
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🛍 Cement

Short term headwinds are long term opportunities? 6 midcap cement stocks with upside potential of up to 34%
Cement has been a sector where most of the analysts have been caught off guards. A large number of analysts have been sticking to their stands that pricing and capacity utilization is an issue. Now that there are some reports about a dip in cement prices, and there has been some correction in the stock price, their concerns are getting amplified.
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🚙 Roads & Highways

NHAI removes Paytm as approved FASTag provider: List of approved alternatives
The National Highway Authority of India (NHAI) has delisted Paytm Payments Bank Limited (PPBL) from its list of approved FASTag providers, following directives from the Reserve Bank of India (RBI). Despite the central bank extending the deadline for PPBL until March 15, the RBI has clarified that FASTag accounts are not interchangeable between banks.
Focus on highways! PM Modi lays foundation stone of three highway projects in Gujarat- All you need to know
Prime Minister Narendra Modi inaugurated and laid the foundation stone of three highway projects costing Rs 1,575 crore in Gujarat virtually on
Modi’s mega infra push: PM launches Gurugram stretch of Dwarka Expressway, dedicates 112 National Highways to nation
PM Modi Dwarka Expressway Inauguration: As part of mega infra push, Prime Minister Narendra Modi inaugurated the Gurugram section of the Dwarka Expressway on Monday. The engineering marvel, which is India’s first elevated Highway, witnessed the launch of 19-km stretch in Gurugram. Haryana Chief Minister Manohar Lal Khattar and Road Transport & Highways Minister Nitin Gadkari were also present at the event. The Gurugram stretch has eight lanes, four on each side. This is the first highway in India that has been constructed on a single pier.
PM inaugurates, lays foundation stone of 112 national highway projects
New Delhi: Prime Minister Narendra Modi on Monday inaugurated and laid the foundation stone of 112 National Highway (NH) projects spread across the country, including the Dwarka Expressway, worth over ₹1 lakh crore at Gurugram.
Mumbai gets its first coastal road, to open for people on Tuesday

Starting Tuesday, 9.5 km of the 10.58 km road will be opened to regular traffic. The full-stretch, with work at the north-end still underway, is expected to be operational by May. Maharashtra Chief Minister Eknath Shinde and Deputy Chief Minister Devendra Fadnavis were present at the inauguration. 
📝  Dwarka Expressway set to bring more money into Gurgaon realty market
📝  Gadkari unveils highway projects worth Rs 4,000 crore in Karnataka
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🚃 Railways

Modi in Ahmedabad: PM to unveil railway projects worth Rs 85,000 crore; 10 new Vande Bharat trains to be flagged off
Prime Minister Narendra Modi will visit the Dedicated Freight Corridor’s (DFC) Operation Control Centre in Ahmedabad to lay the foundation stone and dedicate several railway projects worth over Rs 85,000 crore on Tuesday.
Indian Railways set to enhance speed of trains on Kerala rail routes by straightening curves – All you need to know
In order to enhance the speed of trains, Indian Railways on Monday (March 11) launched a project aimed at straightening sharp curves along the railway tracks between Thiruvananthapuram and Mangalore. According to Thiruvananthapuram Divisional Railway Manager Manish Thapliyal, the railway administration anticipates finishing these enhancements within the next three months.
Indian Railways announces two more Vande Bharat Express trains for Visakhapatnam – Everything you need to know
In a bid to enhance the connective of the Port City, Indian Railways is set to introduce two more Vande Bharat Express trains to and from Visakhapatnam. Prime Minister Narendra Modi is scheduled to flag off the two Vande Bharat Express trains virtually, namely – Visakhapatnam to Puri, and Visakhapatnam to Secunderabad. 
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🚢 Ports

Hindenburg allowed us to refocus on our core businesses: Karan Adani

He emphasised that the entire situation provided an opportunity for the group to redirect its focus towards its core businesses. Adani acknowledged the significance of “perception and brand” value in the aftermath of the Hindenburg affair.
📝  US-bound ship from Reliance's Sikka port hits BPCL crude import facility, sources say
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