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Rs 75,000 cr invested for infrastructure development in Mumbai: Goyal

Union minister Piyush Goyal claimed that the Prime Minister Narendra Modi-led government at the Centre has invested Rs 75,000 crore for infrastructure development in Mumbai so far. The Railway Minister was speaking to reporters at the Chhatrapati Shivaji Maharaj Terminus (CSMT) here after flagging off the first Rajdhani Express of the Central Railway (CR) between CSMT Mumbai and Hazrat Nizamuddin,...

L&T Construction bags orders worth Rs 1,060 crore

To view our digital editions please click on the    above magazine. January 2019 December 2018 November 2018 October 2018 September 2018 August 2018 July 2018 June 2018 May 2018 April 2018 March 2018 February 2018 Original Source

Housing launches see significant jump in Bengaluru, Mumbai and Delhi NCR in 2018: Report

After a prolonged lull of nearly 3 years, residential markets in Bengaluru, Mumbai and Delhi-NCR have showed signs of recovery in 2018. The positive impact of the regulatory reforms including the implementation of RERA and GST is now evident, said a JLL India report. Number of residential launches across the three cities witnessed a significant on-year rise in 2018. According...

MHA gets Rs 1.03 lakh; emphasis on border infrastructure Union Budget 2019: For the first time, budgetary provisions for the Home Ministry has crossed the Rs 1-lakh crore...

The ministry has got Rs 1,03,927 crore for 2019-20 which is 4.9 per cent more than Rs 99.034 crore given in 2018-19, according to the budget papers. The Delhi Police, which maintains law and order in the national capital, has been allocated Rs 7,496.91 crore while Rs 2,000 crore has been allocated for the development of border infrastructure, amidst tension...

Proposal of extending tax sops for affordable housing to boost steel demand: AIIFA The government’s proposal to extend tax sops given to real estate firms for developing affordable...

Presenting the Interim Budget for 2019-20 in the Lok Sabha, Finance MinisterPiyush Goyalsaid benefits under Section 80-IBA of the Income Tax Act are being extended for one more year to housing projects approved till March next year. This proposal would boost supply of affordable housing. “The announcements related to developing affordable housing until next fiscal will boost the demand of...

Maharashtra built only 1,892 houses under PMAY in 2018-19 Not even close to its target of 19 lakh affordable houses in Maharashtra by 2020, the state government has...

The pace of construction lags far behind 55,695 houses built in 2017-18 and 1.69 lakh in 2016-17. Since the launch of the scheme in 2015, not even 10 per cent of the state target has been achieved. As per data available, Maharashtra government approved 2.07 lakh houses this financial year but they mostly remained on paper. The latest approval...

Dubai group quotes Rs 7,500 crore for Dharavi’s redevelopment, Adani Rs 4,500 crore The Dubai-based Sec Link Group has quoted Rs 7,500 crore, while Adani Infrastructure has quoted...

The two were the only ones to bid for the Rs 26,000 crore (estimated) redevelopment project, financial bids for which were opened on Wednesday. Sources said the bids will now be placed before a high-powered committee headed by the chief secretary, comprising senior bureaucrats from departments like housing and urban development, and BMC. Since 2004, the state government has made many...

Realty market to see more global funds inflow in next 3-5 years India’s real estate sector is likely to see increased interest from global investors and allocation of...

The property market, which witnessed institutional flow of funds at a 10-year-high in 2018, has seen Asian funds such as GIC, Ascendas-Singbridge and Temasek increasing their direct investments across categories including assets yielding rent. “India will also see developers investing from balance sheet funds from Asian economies participate in India for asset creation. These developers will not only bring in...

Illegal sand mining continues unabated in Mohali Despite tall claims by Mohali administration, the mining mafia is still busy in digging in the district. In a fresh case...

The accused was digging and loading sand into the tractor trolley from a river in Mullanpur when police raided the spot. The driver of the vehicle. however, managed to escape from the spot. Sources said that around five cases of illegal mining have been already registered in the district in first month of the year. Beside this on January 15,...

Trimble’s Tekla Structures Covers the Complete Bridge Design Workflow with New Bridge Creator Extension

Trimble (NASDAQ: TRMB) introduced today Tekla Bridge Creator, a new extension for Tekla Structures Building Information Model (BIM) software that integrates the complete bridge design workflow from design geometry to constructible modeling and detailig. This new solution expands upon Trimble’s Constructible Process, an innovative approach for enabling the digital transformation of architecture, engineering and construction (AEC) workflows. The new software...

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Tensile and Versatile

Steel is known for its stiffness, high durability capacity and toughness which makes it a go to and safe construction material for builders. BY BINDU...

High Above the Ground

The dip in real estate is allowing tower cranes to flourish in the infrastructure segment. BY TEAM CW Tower cranes have ubiquitous across skylines in most...

Long Lasting Wonder

High Pressure Laminate (HPL) are cost-effective and enhance the thermal performance of a building. BY TEAM CW High Pressure Laminate or HPL is the direct descendent...

Road Runners

New rules for road construction, novel methods and maintenance responsibilities has pushed contractors to build better roads & highways. BY JAYASHREE KINI MENDES Development of roads...

Regular checks on under construction high-rises in Chennai High-rise buildings with a height...

This is a key feature of the Tamil Nadu Combined Development and Building Rules, 2019, five years after an 11-storeyed tower under construction collapsed...