Sep 28, 2021 05:42 PM IST
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.
- Sep 11, 2021 08:23 PM IST
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.
- Sep 02, 2021 10:03 AM IST
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
- Aug 31, 2021 07:12 PM IST
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
- Aug 30, 2021 05:41 PM IST
The balance work in this project, comprising 132 units would be completed in the next one year, the company said.
- Aug 05, 2021 02:45 PM IST
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
- Aug 03, 2021 06:14 PM IST
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.
- Jul 09, 2021 02:59 PM IST
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.
- Jun 29, 2021 02:07 PM IST
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.
- Jun 23, 2021 05:06 PM IST
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
- Jun 10, 2021 07:12 PM IST
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.
- Jun 10, 2021 03:06 PM IST
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
- May 31, 2021 07:18 PM IST
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.
- May 25, 2021 08:54 PM IST
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.
- May 17, 2021 08:55 PM IST
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.
- May 11, 2021 07:15 PM IST
The credit rating agency warns that demand can be hit by the COVID second wave, restricting mobility and equipment utilisation for a prolonged period.
- May 04, 2021 07:25 PM IST
Industry pins its hopes on lifting of temporary state imposed restrictions; government has major infrastructure projects like Bharat Mala in the pipeline
- Apr 29, 2021 06:25 PM IST
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
- Apr 26, 2021 05:31 PM IST
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
- Apr 19, 2021 10:01 PM IST
Developers believe that the move would enable migrant workers, especially construction workers, to get vaccinated and help arrest mass exodus of migrants
- Apr 16, 2021 09:39 PM IST
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.
- Apr 14, 2021 09:29 PM IST
Credai-MCHI also demanded that they be allowed to transport labourers from labour camps in private buses to construction sites
- Apr 13, 2021 06:51 PM IST
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.
- Apr 06, 2021 05:30 PM IST
Urge the government to prioritise vaccination for workers above 18 years
- Apr 05, 2021 08:51 AM IST
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