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Infra

Cement industry's growth in eastern India, for long, was unimpressive (Source: Reuters)

Cement firms look East! Shree Cement, Ultratech, others eye expansion

Jul 29, 2021

Earlier in the week, Shree Cement said it was investing over Rs 600 crore in West Bengal to set up a cement grinding unit. Other players are also making swift moves

Completed Inventory and project receivables sufficient to discharge construction payables and debt (Source: PTI)

DLF's Apr-Jun sales bookings zoom nearly 7-fold to Rs 1,014 cr despite pandemic

Jul 27, 2021

DLF said it sustained sales momentum during the June quarter despite the resurgence of COVID infections. Out of the total sales bookings in Q1 of FY22, the launches of new projects contributed Rs 542 crore.

The circle rate of land or any property is its threshold rate below which its sale can not be registered (Source: PTI)

Delhi govt begins process to revise circle rates of properties

Jul 27, 2021

The circle rates in Delhi were last increased in 2014. Currently, depending on the area, circle rates are categorised in eight classes of 'A' to 'H'.

HDFC to expand green housing portfolio

IFC lends $250 mn to HDFC for green affordable housing

Jul 26, 2021

While green housing is regarded as a luxury market in India, IFC intends to challenge that perception and help boost green affordable housing by partnering with HDFC, said the investor

Railways will expeditiously complete the evaluation and decide the bids, the ministry said.

Railways gets Rs 7,200 cr PPP bids for private passenger trains

Jul 23, 2021

Bids from private and public sectors to operate 29 pairs of trains with around 40 modern rakes entailing an investment of around Rs 7,200 crore have been received.

The government has allowed EPFO to invest in category 1 and 2 segments of alternate investment funds.

EPFO likely to deploy part of its corpus in InvITs

Jul 12, 2021

The move to invest in InvITs will expand EPFO's options as it currently invests only in bonds, government securities, and exchange-traded funds.

Alpha Corp expects around Rs 300-350 crore collections from existing buyers.

Alpha Corp to invest Rs 900 cr to complete 3 stalled projects of Earth Infrastructure

Jul 11, 2021

The three projects, comprising developable and saleable area of around 4.5 million sq ft, are located in Gurugram and Greater Noida.

Housing sales in India fell by 23 per cent during April-June

Housing sales fall 23% in April-June across Delhi-NCR, Mumbai, 5 other cities: JLL India

Jul 05, 2021

In its latest report, real estate consultant JLL India said that sales of residential properties stood at 19,635 units during April-June period of this calendar year

Work at Panna is delayed because of the pandemic and is now expected to be completed in 2022

JK Cement expects 10% revenue growth in FY22

Jul 04, 2021

The company expects its expansion project at Panna, Madhya Pradesh to be completed in the next financial year, after which it would have a manufacturing capacity of nearly 20 MTPA.

 The total project cost of the township 'Emami Aastha' is estimated to be about Rs 300 crore

Emami Realty to develop 40-acre township worth Rs 300 crore in Kolkata

Jun 30, 2021

"We are planning to launch a premium bungalow township. We had an old land bank in the city and now we are going to monetise these land banks," Emami Realty MD and CEO Nitesh Kumar said

The minimum application value will be in the range of Rs 10,000-15,000 and trading lot will be of one unit for real estate investment trusts (REITs), Sebi said

Realty firms hail Sebi's decision to cut minimum subscription amount for REITs

Jun 30, 2021

Embassy REIT Chief Executive Officer Michael Holland said, "We commend this proactive initiative by the regulator to reduce the trading lots of both REITs and InVITs (infrastructure investment trusts)"