The Uttar Pradesh Real Estate Regulatory Authority (UPRERA) has taken punitive action against more than a thousand real estate projects for their failure to submit Quarterly Progress Reports (QPRs) accurately. …
News
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JSW Infrastructure, India’s second-largest port operator in terms of volumes, is actively pursuing opportunities arising from the government’s port privatization initiatives. In a recent interview, Arun Maheshwari, the Joint Managing …
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Finance News
Pidilite Industries Reports Strong Q2 Performance and Diversification into Lending Business
Pidilite Industries, a prominent adhesive manufacturer in India, has reported a significant increase in its second-quarter net profit, driven by reduced costs and announced its foray into the lending business. …
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Real Estate
Prestige Group to launch its largest Hyderabad township, targeting Rs 8,000 crore in sales
Bengaluru-based real estate developer Prestige Group is all set to unveil its most ambitious project yet, “The Prestige City,” in Hyderabad, with the launch scheduled for November 9. The company …
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Infrastructure News
IL&FS may sell some road assets as transferring them to an InvIT faces obstacles
The IL&FS group is considering the sale of some of its road assets due to challenges in transferring them to an infrastructure investment trust (InvIT), as originally planned. IL&FS had …
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Pristine Malwa Logistics Park Pvt Ltd (Pristine Malwa) has recently completed a significant acquisition, purchasing Distribution Logistics Infrastructure Pvt Ltd and its associated group companies (DLI India) from Infrastructure India …
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The Indian Construction Equipment industry consolidated its positive performance in the current year as CE sales grew by an excellent 31% in Q2 of FY 2023-24, as compared to Q2 …
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Trehan Iris, one of India’s leading real estate developers, has recently launched OMEGA – a high-rise office tower. This tower is within “Iris Broadway Greno West”, a 1 million sq. …
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Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs) have been successful in raising a substantial amount of funds in India from April to September 2023. This period saw …
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The extension of the Pune metro from the PCMC office to Nigdi is expected to proceed without significant delays, thanks to the available land for the project. The extension, valued …