Top Indian Infrastructure Industry News & Updates - 31 May 2023,Wednesday

🏢 Industry & SEZ

📝  Infra projects’ cost overruns decline to 20.3% during April
📝  Nitin Gadkari chairs meeting with NHAI officials to enhance national highway development

🏘 Real Estate

📝  Shriram Properties Q4 profit falls 76 pc to 15.8 cr; FY23 profit jumps nearly 4-fold to Rs 68 cr
📝  Planning to buy luxury property? Take Rs 1 cr home loan at below 9% now – Compare rates
📝  Corporate realtors see high value in plotted developments, holiday homes
📝  One Group Developers emerge as successful bidder for a group housing plot in Gurgaon
📝  Prestige Estates buys out DB Group’s balance stake in 2 Mumbai projects for Rs 1,176 crore
📝  Shriram Properties reports highest-ever sales volumes of 4.02 msf in FY23
📝  India’s flexible office segment to grow 10-12% in 2023: Colliers
📝  Phoenix Mills plans to invest Rs 2,000 crore for portfolio expansion
📝  Tata Realty ropes in Abu Dhabi-based Tabreed for cooling system
📝   Sobha stock jumps 5%, but investors need to look beyond excitement

🚃 Railways

📝  Modi govt increased Northeast’s Railways budget to expedite projects, says Ashwini Vaishnaw
📝  Vande Bharat Train: Kapurthala Rail Coach Factory fails to deliver even one train set against target of 32 for FY 22-23
📝  Alstom emerges as lowest bidder for 100 alluminium Vande Bharat trains

🚢 Ports

📝  Adani Ports Q4FY23 Results: Profit up 5.1% at Rs 1158.88 crore, 250% dividend declared

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