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  • Zojila Tunnel Project will be completed by December 2023, earlier deadline 2026: Nitin Gadkari Sep 28, 2021 05:42 PM IST

    Zojila Tunnel Project will be completed by December 2023, earlier deadline 2026: Nitin Gadkari

    The minister today visited the Zojila in theUnion Terriotary of Jammu & Kashmir and directed the authorities of Megha Engineering and Infrastructures, the company involved in the construction of the tunnel, to complete the tunnel before the 2024 parliamentary election.

  • Consumer confidence showing signs of pick up in Q2: Assocham Sep 11, 2021 08:23 PM IST

    Consumer confidence showing signs of pick up in Q2: Assocham

    Activities in construction and renovation have been on a pick-up for the past few months leading to return of migrant workers for gainful deployment, it said.

  • Construction sector: Do companies have better growth prospects in FY22? Sep 02, 2021 10:03 AM IST

    Construction sector: Do companies have better growth prospects in FY22?

    With much better execution in June 2021 quarter, labour availability and project execution reaching pre-COVID levels, we expect better earnings growth for construction companies in FY22

  • Q1 GDP: Localised lockdowns during the second wave of COVID-19 helps construction activity to grow by 68.3% y-o-y Aug 31, 2021 07:12 PM IST

    Q1 GDP: Localised lockdowns during the second wave of COVID-19 helps construction activity to grow by 68.3% y-o-y

    Financial, real estate and professional services sector manages to achieve 98.5% of pre-pandemic level (April-June quarter of FY2019-2020) in terms of gross value addition

  • Parsvnath starts construction work of stuck luxury project in Delhi's Subhash Nagar Aug 30, 2021 05:41 PM IST

    Parsvnath starts construction work of stuck luxury project in Delhi's Subhash Nagar

    The balance work in this project, comprising 132 units would be completed in the next one year, the company said.

  • Builders’ body urges govt to issue final notification on ESZ around Thane Creek Flamingo Sanctuary in MMR Aug 05, 2021 02:45 PM IST

    Builders’ body urges govt to issue final notification on ESZ around Thane Creek Flamingo Sanctuary in MMR

    The developers’ body said that making it mandatory to seek construction permission from the National Board of Wildlife may impact over 500 projects worth Rs 5 lakh crore

  • Godrej Properties' sales bookings in Q1FY22 drop 68% due to second wave of COVID-19 Aug 03, 2021 06:14 PM IST

    Godrej Properties' sales bookings in Q1FY22 drop 68% due to second wave of COVID-19

    In the last fiscal year, Godrej Properties clocked sales bookings of a record Rs 6,725 crore, which was the highest among all listed real estate entities.

  • Govt, NHAI take steps to ensure high-quality roads amid rising competition to win projects Jul 09, 2021 02:59 PM IST

    Govt, NHAI take steps to ensure high-quality roads amid rising competition to win projects

    The NHAI is also looking to create independent teams from its headquarters to carry out frequent quality checks of work at sites of projects that private players have bagged.

  • EXPLAINED | Why is government betting on project exports, larger export insurance cover? Jun 29, 2021 02:07 PM IST

    EXPLAINED | Why is government betting on project exports, larger export insurance cover?

    At a time when directly generating demand is the need of the hour, the government has chosen to pump in money into schemes which will bear fruit slowly. But the announcements in the export sector are set to have long term impact in augmenting India's export footprint globally.

  • Expect toll collection from road projects to rise 12-14% in 2021-22 despite second wave: ICRA's Rajeshwar Burla Jun 23, 2021 05:06 PM IST

    Expect toll collection from road projects to rise 12-14% in 2021-22 despite second wave: ICRA's Rajeshwar Burla

    Vice President and Co-Group Head, Corporate Ratings, says for this financial year, toll collections could be 12-14 percent higher, compared to the last year on the back of a low base and increase in toll rates. ICRA also expects road construction to surpass the average target of 40 km per day for 2021-22

  • National Highway Authority of India debars Lion Engineering Consultants for deficient services Jun 10, 2021 07:12 PM IST

    National Highway Authority of India debars Lion Engineering Consultants for deficient services

    Lion Engineering Consultants was issued a Show Cause Notice on account of deficiencies in consultancy services. NHAI said the firm had failed to perform assigned duties while delivering services for the project as well as executing the provisions made in the contract agreement.

  • COVID-19 impact: 95% homebuyers postpone decision to buy a house; 92% real estate developers experiencing labour shortage Jun 10, 2021 03:06 PM IST

    COVID-19 impact: 95% homebuyers postpone decision to buy a house; 92% real estate developers experiencing labour shortage

    Recent spike in construction materials including steel, cement etc have contributed to more than 10% increase in construction cost for more than 88% developers, the developers' body said

  • India GDP data | Real estate sector contracts due to COVID-19 impact in FY21 May 31, 2021 07:18 PM IST

    India GDP data | Real estate sector contracts due to COVID-19 impact in FY21

    The construction sector saw a 14.5 percent growth in Q4 on a year-on-year basis. This reflects a significant proportion of the government's investment in infrastructure projects. The financial, real estate and professional services sector saw a growth of 5.4 percent in Q4 on a year-on-year basis.

  • COVID-19 second wave | Naredco's UP chapter seeks suspension of IBC provisions for a year May 25, 2021 08:54 PM IST

    COVID-19 second wave | Naredco's UP chapter seeks suspension of IBC provisions for a year

    The disruption of construction has also brought the developers into a situation of serious liquidity crisis as the collections have been completely collapsed, the letter says.

  • Jobs data shows COVID hit services, construction sectors; agriculture shines May 17, 2021 08:55 PM IST

    Jobs data shows COVID hit services, construction sectors; agriculture shines

    A report by CEDA shows that employment in non-financial services increased 16 percent between 2016-17 and 2019-20, before falling 8 percent because of COVID-19. Real estate of construction jobs contracted 11.8 percent the four years preceding 2020-21, and showed a similar drop in the pandemic-hit fiscal year.

  • Mining, construction equipment industry may grow by 20% in 2021: ICRA May 11, 2021 07:15 PM IST

    Mining, construction equipment industry may grow by 20% in 2021: ICRA

    The credit rating agency warns that demand can be hit by the COVID second wave, restricting mobility and equipment utilisation for a prolonged period.

  • Lockdown forces sharp fall in cement demand; signals slowdown in construction activity May 04, 2021 07:25 PM IST

    Lockdown forces sharp fall in cement demand; signals slowdown in construction activity

    Industry pins its hopes on lifting of temporary state imposed restrictions; government has major infrastructure projects like Bharat Mala in the pipeline

  • COVID-19 second wave: construction workers leave for home; developers fear exodus may impact project completion Apr 29, 2021 06:25 PM IST

    COVID-19 second wave: construction workers leave for home; developers fear exodus may impact project completion

    Realtors fear the halt in construction activity may reverse the gains in the last quarter of 2020 and that it may take almost a year to bring the situation back to normal

  • COVID-19 effect: Real estate firms undertaking projects in metros and areas under lockdown expected to feel the heat Apr 26, 2021 05:31 PM IST

    COVID-19 effect: Real estate firms undertaking projects in metros and areas under lockdown expected to feel the heat

    The performance of most mid and large-sized construction companies is not expected to be materially impacted as these are focussed on non-urban infrastructure projects that are located in remote areas

  • Real estate sector welcomes government’s decision to open up vaccination for everyone above 18 from May 1 Apr 19, 2021 10:01 PM IST

    Real estate sector welcomes government’s decision to open up vaccination for everyone above 18 from May 1

    Developers believe that the move would enable migrant workers, especially construction workers, to get vaccinated and help arrest mass exodus of migrants

  • Municipal Corporation of Greater Mumbai (MCGM) eases curbs on movement of engineers, architects and planners Apr 16, 2021 09:39 PM IST

    Municipal Corporation of Greater Mumbai (MCGM) eases curbs on movement of engineers, architects and planners

    Developer bodies have welcomed the move but said that labourers too should be allowed to travel to the construction site in dedicated transportation provided to them.

  • Real estate developers' body urges Maharashtra government to allow engineers, architects to visit construction sites Apr 14, 2021 09:29 PM IST

    Real estate developers' body urges Maharashtra government to allow engineers, architects to visit construction sites

    Credai-MCHI also demanded that they be allowed to transport labourers from labour camps in private buses to construction sites

  • Jewar Airport starts pre-qualification process for construction tenders Apr 13, 2021 06:51 PM IST

    Jewar Airport starts pre-qualification process for construction tenders

    The two-stage international competitive e-tender process includes an award for engineering, procurement, and construction of the terminal building and associated works as part of the first package, and airside, landside and associated works as part of the second package.

  • Real estate developers in Maharashtra undertake precautionary measures at sites as COVID-19 cases rise Apr 06, 2021 05:30 PM IST

    Real estate developers in Maharashtra undertake precautionary measures at sites as COVID-19 cases rise

    Urge the government to prioritise vaccination for workers above 18 years

  • Road, highways development: A ticket for India’s speedy recovery Apr 05, 2021 08:51 AM IST

    Road, highways development: A ticket for India’s speedy recovery

    Apart from completing additional 60,000 km of National Highways, there is a focus on a more integrated approach for entire logistics and infrastructure ecosystem development

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