Market News
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Power transmission projects to face execution risks on land acquisition, regulatory approval challenges: Icra
Power transmission projects face significant execution risks and delays. Land acquisition and regulatory approvals hinder timely project completion. These delays impact renewable energy developers and their financial returns. The sector expects substantial capacity additions by 2032. However, execution challenges persist for future projects.
M3M India lines up Rs 2,500 crore for land acquisition
M3M India will invest Rs 2,500 crore in land acquisition over coming months. The company plans to accelerate construction of its extensive under-development portfolio. This significant investment will be funded by customer receivables and existing cash reserves. M3M India aims to expand its presence in Noida through upcoming land auctions. The developer is also completing several residential and commercial projects this financial year.
Suzlon Share Price Extends Losing Streak, Dips 8% In Five Days — What's Dragging The Stock?
Experts say the 8% decline in Suzlon Energy's stock is being viewed as a pause after a rally, driven by concerns over project execution delays such as transmission bottlenecks, land acquisition issues, and regulatory approvals, rather than a change in its long-term growth.
CBSE plans to ease norms for private school affiliation
The CBSE is set to ease rules for private schools, allowing 'bodies corporate' like companies to establish institutions, moving away from the current 'not-for-profit' restrictions. This aims to boost private sector participation and quality school development. Recent changes also include withdrawing the mandatory No Objection Certificate from states and revising land and playground norms to be more practical, aligning with NEP 2020.
Amazon Data Services, L&T ink over 17-year lease for 4-acre land in Mumbai’s Powai
Amazon Data Services India has significantly expanded its data centre footprint in Mumbai's Powai, leasing an additional four acres from Larsen & Toubro for over Rs 650 crore. This latest deal brings their total leased land in the area to 13.5 acres since 2022. The move signals Amazon's commitment to bolstering its infrastructure amid surging demand for cloud services and AI applications in India's prime data centre market.
Noida authority auctions land parcels to Godrej Properties, VRC construction
Noida Authority has successfully auctioned two prime land parcels in Sector 151 for residential projects, fetching a total of Rs 666 crore from Godrej Properties and VRC Construction. This development, coupled with the upcoming Noida International Airport and robust infrastructure, is fueling significant growth in the region. Experts predict substantial increases in property values over the next two years, underscoring Noida's burgeoning real estate market.
Slumdogs no more: Can tycoons take the Mumbai Model to other cities?
India's top business tycoons like Adani and Ambani are shifting focus from city outskirts to redeveloping Mumbai's older housing and slum areas. This strategic move, driven by scarce and expensive greenfield land, aims to transform decaying urban pockets. Major projects are underway, signaling a new era of large-scale urban regeneration that could serve as a model for cities nationwide.
Corporate giants turn to urban regeneration as redevelopment race intensifies
India's largest corporate houses are increasingly focusing on urban regeneration, shifting real estate focus from land acquisition to redevelopment. Giants like Reliance, Adani and JSW are aggressively bidding for projects involving old housing colonies and slum rehabilitation in Mumbai.
Puravankara shares gain after it enters joint development deal for 6.4 acre land parcel in Bengaluru
The said corridor in Bengaluru has emerged as a preferred destination for IT professionals and homebuyers seeing quality housing, supported by limited availability of organized residential projects from reputed developers, Puravankara's statement read.
Vedanta sets up real estate arm to unlock value from surplus land
Vedanta Ltd is venturing into the real estate sector with the incorporation of its wholly-owned subsidiary, Vedanta Property Platforms Ltd (VPPL). This strategic move aims to unlock value from surplus land and non-core assets, potentially funding expansion in its core metals and energy businesses. VPPL will act as a dedicated platform for real estate ventures and asset-light initiatives.
Adani Group targets 10 GW nuclear power capacity by 2035
Adani Group is venturing into nuclear power, aiming for 10 GW capacity by 2035 to bolster India's energy security amidst global uncertainties. Chairman Gautam Adani announced land acquisition for Adani Atomic Energy, a significant addition to the conglomerate's integrated power platform. This move aligns with accelerated investments across the energy value chain, from mining to clean energy technologies, underscoring a commitment to reliable, affordable, and round-the-clock power for the nation.
Dipan Mehta sees long-term wealth creation in NSE listing, turns cautious on defence
Dipan Mehta, Director of Elixir Equities expects the upcoming NSE listing to attract strong investor interest, citing its attractive valuation relative to BSE and long-term growth potential. He stayed upbeat on power transmission stocks like GE Vernova T&D, Hitachi Energy and Siemens, citing strong order books and limited Chinese competition. He turned cautious on defence stocks after their sharp rally, warning of execution risks once geopolitical tensions ease. On Tata Motors, he backed the India business despite Jaguar Land Rover's conservative guidance rattling investors.