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  • Government to build more green expressways: Transport minister Nitin Gadkari Aug 03, 2022 02:52 PM IST

    Government to build more green expressways: Transport minister Nitin Gadkari

    Replying to supplementaries during the Question Hour, the minister said there is no shortage of funds with the National Highways Authority of India (NHAI) which has AA rating and is financially very sound.

  • Mihir Vora says inflation scare over, market in wait-and-watch mode Jul 27, 2022 02:03 PM IST

    Mihir Vora says inflation scare over, market in wait-and-watch mode

    Vora said since the government spending has increased in the engineering & construction and defence sector, these firms would do well

  • L&T maintains FY23 revenue, order inflow growth at 12-15%; global slowdown a concern Jul 26, 2022 08:45 PM IST

    L&T maintains FY23 revenue, order inflow growth at 12-15%; global slowdown a concern

    The company’s management said the June quarter, which is typically a seasonally weak quarter, saw high order execution and robust order inflow which resulted in its highest-ever order book at Rs 3,63,448 crore in June end

  • Change in rule for setting up site office to increase reliability, reduce chances of litigation: Senior town planner Jul 20, 2022 01:38 PM IST

    Change in rule for setting up site office to increase reliability, reduce chances of litigation: Senior town planner

    Senior town planner, Gurugram, Narendra Singh Solanki said that a need to revise the guidelines was felt because as per the previous definition of a temporary structure, the requirement of a site office cannot be fulfilled.

  • L&T Realty to develop 3 projects worth Rs 8,000 crore in Mumbai region Jul 18, 2022 03:36 PM IST

    L&T Realty to develop 3 projects worth Rs 8,000 crore in Mumbai region

    L&T Realty said this is a part of the company’s larger plan to strengthen its footprint in major metros by adding around 5 million square feet per year over the next five years.

  • Sharp rise in commodity prices to have adverse impact on construction industry's profitability: Icra Jul 13, 2022 04:16 PM IST

    Sharp rise in commodity prices to have adverse impact on construction industry's profitability: Icra

    The industry is battling with input cost pressure due to considerable rise in major commodity costs, particularly steel, bitumen and cement.

  • Delhi government to launch drive on July 15 for registration of construction, demolition sites Jul 10, 2022 07:11 PM IST

    Delhi government to launch drive on July 15 for registration of construction, demolition sites

    A portal for the registration of construction and demolition sites was launched in October last year in a bid to control dust pollution in the capital.

  • In Pics | A look at some iconic buildings by Shapoorji Pallonji Group Jun 29, 2022 01:41 PM IST

    In Pics | A look at some iconic buildings by Shapoorji Pallonji Group

    Chairman of Shapoorji Pallonji Group, Pallonji Mistry, the man behind iconic buildings in Mumbai and around, passed away on June 28 at the age of 93.

  • The Moneycontrol Real Estate Show | Residential demand exceeding pre-COVID levels Jun 27, 2022 12:42 PM IST

    The Moneycontrol Real Estate Show | Residential demand exceeding pre-COVID levels

    In this episode of The Moneycontrol Real Estate show, Moneycontrol's Vandana Ramnani talks to Tariq Ahmed, Chief Executive Officer, West India at Prestige Group, about the company’s plans in the residential space.

  • Ideas For Profit | Construction sector: Well-placed in current market scenario; buy stocks selectively Jun 21, 2022 09:15 PM IST

    Ideas For Profit | Construction sector: Well-placed in current market scenario; buy stocks selectively

    Construction companies (excluding Dilip Buildcon) maintained double-digit growth momentum in Q4FY22. However, growth momentum moderated owing to government ban on construction activities in the NCR, slower execution by construction companies due to steep increase in raw material prices, and relatively higher base in the corresponding quarter last year. But MC Pro conviction stocks posted better execution with revenues growing 17% YoY. Watch the video to know which are these stocks.

  • EPFO Payroll: April records 9.23 lakh fresh additions to formal work Jun 20, 2022 06:59 PM IST

    EPFO Payroll: April records 9.23 lakh fresh additions to formal work

    The new payroll additions recorded in April, the first month of FY23, is almost 45,000 less than the new additions in March, when the pension fund had added 968,163 new subscribers. But net payroll additions have gone up.

  • Infra firms don’t expect govt move to rein in steel prices to have immediate impact May 26, 2022 01:57 PM IST

    Infra firms don’t expect govt move to rein in steel prices to have immediate impact

    The industry expects steel prices to soften only over the next few quarters, which may subsequently reflect in the cost of projects.

  • Real estate sector welcomes govt announcement to cut duties on iron, steel inputs May 22, 2022 05:31 PM IST

    Real estate sector welcomes govt announcement to cut duties on iron, steel inputs

    The move is ‘timely’ and will help bolster the availability of raw materials domestically, cool off prices of steel products, and help tide the rise in prices of real estate projects, strengthening consumer sentiment, said experts

  • Multinationals Should Help India and Brazil Cut Emissions May 12, 2022 07:27 AM IST

    Multinationals Should Help India and Brazil Cut Emissions

    To clean up dirty sectors such as cement, big emerging nations are going to need money and innovative technology from Western multinationals.

  • Rising commodity costs may lead to increase in property prices, project delays and compromised quality Apr 29, 2022 02:59 PM IST

    Rising commodity costs may lead to increase in property prices, project delays and compromised quality

    The cost of various construction commodities has risen by at least 50 percent, while some items have become expensive by as much as 100 percent and more over the last couple of years.

  • Mumbai and Kolkata witness highest construction costs for industrial and warehousing spaces: Savills India Apr 25, 2022 04:25 PM IST

    Mumbai and Kolkata witness highest construction costs for industrial and warehousing spaces: Savills India

    On an average, there was 9.26 percent to 10.44 percent increase in construction costs for Grade A warehousing and 7.72 percent and 8.68 percent for general manufacturing in last two years

  • ICRA revises FY23 residential real estate outlook to Stable from Negative Apr 22, 2022 02:31 PM IST

    ICRA revises FY23 residential real estate outlook to Stable from Negative

    New launches are expected to be at a six-year high of 400 mn sqft in FY2023, showing improvement from the previous two years, which were impacted by the COVID-19 pandemic.

  • Real estate prices expected to increase by 10-15% across the country, says Credai Apr 19, 2022 08:50 PM IST

    Real estate prices expected to increase by 10-15% across the country, says Credai

    According to a survey conducted by Credai, almost 40 percent developers have said that they won’t be able to sustain and deliver projects if no immediate measures are taken to provide relief

  • Is it mere public posturing to halt construction due to rise in raw material prices? Apr 09, 2022 07:17 AM IST

    Is it mere public posturing to halt construction due to rise in raw material prices?

    The scale of operations and financial bandwidth also defines whether a builder can afford to halt operations. Larger projects and/or developers sitting on high debt may find it unsustainable to halt construction.

  • Insurers keen to launch surety bonds, but infrastructure companies may have to wait longer for booster dose Mar 30, 2022 10:10 AM IST

    Insurers keen to launch surety bonds, but infrastructure companies may have to wait longer for booster dose

    IRDAI has issued guidelines for surety bonds, which come into effect on April 1. Contractors will be allowed to use these bonds as a substitute for bank guarantees for government contracts

  • Construction costs up 10-12% in March, seen increasing further by December Mar 29, 2022 01:19 PM IST

    Construction costs up 10-12% in March, seen increasing further by December

    The cost of key materials like cement and steel, which account for a large share of construction expenses, has spiked

  • Housing prices may rise 10-15% by April, rising construction costs hurting business: CREDAI-MCHI Mar 28, 2022 06:35 PM IST

    Housing prices may rise 10-15% by April, rising construction costs hurting business: CREDAI-MCHI

    CREDAI-MCHI seeks a reduction in stamp duty as well as GST and also wants teh export of cement and steel to be halted

  • After Maharashtra developers, realtors in Delhi-NCR threaten to halt construction as raw material prices soar Mar 22, 2022 07:35 PM IST

    After Maharashtra developers, realtors in Delhi-NCR threaten to halt construction as raw material prices soar

    Developers claim that steel prices have gone up by 121percent and cement by nearly 38 percent in the last two years and that cost of construction has increased by at least Rs 500 per sq. ft. making projects unviable.

  • Credai Maharashtra threatens to halt construction due to rise in raw material prices Mar 22, 2022 04:02 PM IST

    Credai Maharashtra threatens to halt construction due to rise in raw material prices

    Homebuyers say builders cannot stop construction of projects that they have launched as they have taken the booking amount and subsequent EMIs for the projects. Price rise cannot be a force majeure situation since raw materials are abundantly available.

  • Businesses involved in construction must aim at responsible sourcing of raw materials Mar 12, 2022 07:19 AM IST

    Businesses involved in construction must aim at responsible sourcing of raw materials

    Work-from-home also offers immense opportunity for reducing emissions.

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