Indian Infrastructure Industry News & Updates - November 2024
Railways to upgrade anti-collision tech Kavach to LTE: Ashwini Vaishnaw
Kavach is an indigenously developed Automatic Train Protection (ATP) system. The state-of-the-art electronic system activates the train’s braking system automatically if the driver fails to do so, and prevents the collision between two locomotives equipped with functional Kavach systems.
Capacit'e Infraprojects bags project worth Rs 101 cr from Tridhaatu Aranya
The company said in a BSE filing that it "has received a work order from Tridhaatu Aranya Developers LLP for total contract value of Rs 101 crore (excluding GST) for project Aranya Phase-II at Chembur".
More consolidation in store for cement sector?
The big players in the cement sector got bigger, thanks to a spate of acquisitions in recent years. This trend may continue as larger companies, with strong balance sheets, seek to boost or maintain their market share through inorganic growth. In contrast, smaller companies that are struggling to compete due to high debt or low profitability will likely exit the market, further driving consolidation.
2023 set to see record housing sales on sustained demand
Mumbai: The residential real estate sector is set to end the year with record sales of over 7 lakh units in terms of volumes and over ₹7-lakh crore in terms of value, as housing demand remains sustained despite price hikes and elevated mortgage rates. 2023 is expected to end with residential sales of 706,680 units, a rise of 8.7 per cent from 2022, according to data and estimates provided to businessline by data and analytics platform PropEquity. In value terms, this would be 7.3 lakh crore, a 30.4 per cent increase from last year. “This may turn out to be the peak year for sales,” said PropEquity’s Founder and MD, Samir Jasuja.
Golf course extension road: A real estate hotspot in Gurugram
Positioned at the nexus of development and urbanization, Golf Course Extension Road in Gurugram has emerged as one of the hottest spots in the city’s real estate market. The area, once an underdeveloped corridor, has now become a magnet for high-end residential seekers, redefining the landscape of modern living. Connecting MG Road to Gurgaon-Sohna Road, the 90-meter-wide road spanning Sectors 55-56 has undergone a remarkable transformation since its construction in 2009. Recent development initiatives have seen the expansion of this stretch to encompass new sectors such as 61, 62, 65, 66, and 67.
