Construction industry
In the “trusted products” category, Bentley Systems declared that its two infrastructure software Project Wise V8i and Bentley Navigator V8i have each won a commercial 2013 Constructech top product award. The award privilege technology solutions that have shown the greatest innovations geared toward the construction market. Eligibility for the trusted products category for Products and [...] Continue Reading »
New Delhi- The new Real Estate (Regulation & Development) Bill proposes that the real estate developers will have to first seek all the requisite permissions and approvals before they set out to announce their projects and get the buyers to sign up. The proposed Housing Bill makes it mandatory for the builders to get permissions [...] Continue Reading »
Both domestic and global real estate players have signed memorandum of understandings (MoUs) of about Rs 1.34 lakh crore in the affordable housing and construction industry. Totally eight MoUs have been signed for various verticals in housing and construction, including affordable housing technology, pre-cast construction technology and slum rehabilitation. Affordable housing sector saw the maximum [...] Continue Reading »
Construction work in Noida, Greater Noida and Yamuna Expressway regions have taken a hit due to acute labour shortage. Consequently, the home owners in these regions may have to wait longer to get possession of their dream homes. After failing to get requisite number of labourers from the UP-NCR region, developers have now begun to [...] Continue Reading »
The festive season fails to cheer builders of Mangalore. Karnataka State Pollution Control Board (KSPCB) have sent closure notices on crusher units in the state following a Supreme Court directive. As a result, construction and development activities have come to a halt. Of the 3,700 crusher units units across Karnataka, 200 units are in the [...] Continue Reading »
Some or the other backdrops do prevail when it comes to real estate sector in India. To improve the present real estate scenarios, Indian real estate in collaboration with infrastructure and construction industry had set big investments for next five years. Meanwhile, it has been learnt that there is huge shortage of engineering, architectural and [...] Continue Reading »
Demand is moving towards the suburbs due to better infrastructure, larger floor area, lower rentals and parking facilities. Developers are exploring the potential in many western and northern suburbs too. The construction industry is gearing up to meet the housing needs of the evolving suburbs which have become a new haven for all sections of [...] Continue Reading »
BMC Chief tightens screws on builders seeking concessions and contended that many builders later misuse concessions and sell space not included in the building’s floor space index (FSI). Civic chief Subodh Kumar has rattled the construction industry by routinely rejecting or drastically reducing concessions sought by builders. The BMC has refused to clear the project [...] Continue Reading »
