Construction activity
Delhi-NCR: A total of 5.2 lakh residential units are under construction in Delhi-NCR of which around 1.4 lakh are lying unsold owing to weak demand, states a recent report by property consultant Knight Frank. Around 31 percent fall has been observed in the new home launches in NCR at 33,500 units during the second half [...] Continue Reading »
Delhi- From the past one year, demand for cement has been deteriorating. Consequently the price of cement had fallen significantly by the end of February which has been curbing the hopes of growth estimates for the March quarter. Most of the cement firms have witnessed drop in quantity of cement sold in the year. Pan-India cement [...] Continue Reading »
New Delhi- Owing to delay in initiating projects, prices of properties in India have shot up by 40 percent, reports Economic Survey 2013. Before the construction activity of a project has to be started, the builder of the project has to complete 34 procedures to get clearances which would take at least six months time [...] Continue Reading »
Kolkata- Developers believe that Kolkata is likely to see a large number of small residential projects in areas like Diamond Harbor, Rajarhat, E M Bypass, Garia and Kona Expressway over the next one or two years. They expect that, owing to land scarcity, though Kolkata may not get big housing projects, availability of small land [...] Continue Reading »
New Delhi- Many real estate developers across India have witnessed upward slope of their profit line in the quarter of October-December 2012. There is a significant rise in property sales and customer enquiries for real estate projects in India which has resulted in increasing profits of developers. Real estate analysts observe that the sluggishness of [...] Continue Reading »
Shortage of sand supply in Hyderabad and the city suburbs affected the construction activity in the state. Some of the projects in Hyderabad have exhausted their sand stocks and in the absence of replenishments are forced to stop further work. Several projects are in advanced stages of completion and scheduled for handover in the coming [...] Continue Reading »
The members of the Construction workers and the Greater Vijayawada Builders’ Association assembled together to protest against the rising cost of construction material. They are demanding a control over the escalation in the prices of steel, cement, and other raw material. As a result of the union budget, rise in the prices of raw material [...] Continue Reading »
The construction activity in new developing areas on the periphery of eastern Ahmedabad has increased manifold in last three years. There is a huge demand for one and two bedroom houses which is luring many builders to build such schemes on encroached land. AMC officials pulled down 107 row houses and seven shops in Vatva. [...] Continue Reading »
