Construction cost
Provident Housing, a wholly-owned subsidiary of Puravankara Projects is planning to launch an affordable residential project in Mangalore. The project is spread over 4.15 lakh sq ft and comprises of 324 units. The name of the project is Skyworth, the property is located at Derebail, near Konchady, on the airport road, which is well-connected to [...] Continue Reading »
Greater Noida- Construction cost is at peak owing to the abrupt rise in brick rates following the paused brick-production at brick kilns. The cost has been increased from Rs 3600 to Rs 6200 per thousand bricks. Opposing the new norms of procuring permission from the Ministry of Environment, brick manufacturers have stopped production. Fearing huge [...] Continue Reading »
Larsen & Toubro, one of the leading engineering & construction company is planning to come up with one of the largest housing project in Powai campus in Mumbai measuring up to two million sq ft over 20 acres of land. The price of residential units in and around Powai is around Rs 25,000 per sqft. The [...] Continue Reading »
As the concept of green buildings is gaining ground among developers, the Indian Green Building Council (IGBC) expects nearly 2 billion square feet of sustained building footprint to come up by 2015. At present, there are 1,745 eco-friendly building projects with over 1.21 billion sq ft of green footprint are registered with the IGBC. IGBC [...] Continue Reading »
Knight Frank’s latest report focuses on uncovering the relationship between the developer and the suppliers of factor inputs such as Land and Construction costs. Land is the most significant input for property development. Analysis of land allotment policy of some of the major land aggregators provides interesting insights: City and Industrial Development Corporation (CIDCO) follows [...] Continue Reading »
The students of M S Ramaiah Institute of Technology (MSRIT), Bangalore have come up with a replacement to cement in construction, under the guidance of realty experts. Using fly ash instead of cement will reduce the construction cost of projects. Moreover, fly ash is a very economical and environment-friendly solution. According to a recent survey, [...] Continue Reading »
The deputy chief minister of Punjab has told the respective department for the construction of six major national highway projects, to complete them in stipulated time. The construction cost of the Amritsar-Sri Ganga Nagar road is estimated at Rs. 3000 crore, and the cost of construction of Patiala-Bathinda four-laned road is estimated at Rs 2007 [...] Continue Reading »
Developers are looking forward to change their construction materials and technology to finish the project much ahead of time and also to reduce capital costs by 15 per cent. Midst high property rates and raising interest rates, it’s a fact that the developers too are struggling with multiple cost pressures. Now that the real estate [...] Continue Reading »
