Economy & Market

Gujarat realty investors now look for overseas market

Published

13 years ago

November 8, 2012

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Gujarati investors are exploring destinations overseas. If experts are to be believed, the US, South Africa and Dubai real estate markets are fast emerging as attractive markets for Gujaratis. The real estate market in the state, particularly Ahmedabad, is investor-driven.

This is one reason for the tense situation of the market at present. However, developers are claiming that market conditions are improving, owing to revival in demand from end-users. Ironically, investors are shying away from making fresh investments in the domestic real estate sector.

Instead, Gujarati investors are now exploring investment opportunities in the US, South Africa and Dubai real estate markets. Sources say that around 20 per cent of the properties in Dubai’s iconic Al Burj are owned by Gujaratis.

This may be one of the factors that have brought Dubai-based Damac Properties to the state. The company will organise road shows in Ahmedabad and Surat, besides Mumbai, on November 10 and 11 respectively.

On offer will be 65 properties in Dubai and the Middle East. The realtor from Dubai claims that they will offer special prices to Indian customers during the road show.

Consultants believe that high net-worth individuals (HNIs) planning to invest more than Rs 25 crore in realty are increasingly opting Dubai, while others are surveying South Africa and US markets.

Concrete

Cement industry to gain from new infrastructure spending

Published

6 days ago

July 24, 2025

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As per a news report, Karan Adani, ACC Chair, has said that he expects the cement industry to benefit from the an anticipated US$2.2tn in new public infrastructure spending between 2025 and 2030. In a statement he said that ACC has crossed the 100Mt/yr cement capacity milestone in April 2025, propelling the company to get closer to its ambitious 140Mt/yr target by the 2028 financial year. The company’s capacity corresponds to 15 per cent of an all-India installed capacity of 686Mt/yr.

Image source:https://cementplantsupplier.com/cement-manufacturing/emerging-trends-in-cement-manufacturing-technology/

Concrete

AI boom drives demand, says ACA

Published

6 days ago

July 24, 2025

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The American Cement Association projects a nearly 1Mt annual increase in US cement demand over the next three years, driven by the surge in AI data centres. Consumption by data centres is expected to grow from 247,000 tonnes in 2025 to 860,000 tonnes by 2027. With over 5,400 AI data centres currently operating and numbers forecast to exceed 6,000 by 2027, the association cautions that regulatory hurdles and labour shortages may impact the industry’s ability to meet demand.

Image source:https://img-s-msn-com.akamaized.net/tenant/amp/entityid/AA1zOrih.img?w=2000&h=1362&m=4&q=79

Concrete

GoldCrest Cement to build plant in India

Published

7 days ago

July 23, 2025

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GoldCrest Cement will build a greenfield integrated plant with a 3.5Mt/yr clinker capacity and 4.5Mt/yr cement capacity. GoldCrest Cement appointed Humboldt Wedag India as engineering, procurement and construction contractor in March 2025 and targets completion by March 2027. It has signed a 40-year supply agreement with Gujarat Mineral Development Corporation for 150Mt of limestone from its upcoming Lakhpat Punrajpur mine in Gujarat.