Engineering
The weakened highways sector could get a boost with the government planning to do new construction and development model that will make it cheaper to build and operate projects. This modified annuity-based model is expected to help the government to build highways owing to lack of interest by the private sector of late, towards a [...] Continue Reading »
The Mumbai Metro Rail Corporation (MMRCL) plans to issue detailed tenders for the 32.5-km Metro-3 by July 2014 and award the project by October 2014. The cost of this project is around Rs 23,136 crore. The development of the Colaba-Bandra-SEEPZ underground metro corridor will be awarded on EPC (engineering, procurement and construction) which is expected [...] Continue Reading »
IVRCL Ltd has, through its irrigation and water divisions in Karnataka and Andhra Pradesh, bagged several orders in all worth Rs 2,632.85 crore. The Hyderabad-based engineering and construction company has, in a a statement to the BSE, informed that it has bagged three major irrigation project orders worth Rs 2,492 crore from Karanataka Neeravari Nigam [...] Continue Reading »
Maharashtra finance minister has indicated that the state government will provide a waiver on 15 per cent interest as penalty on value-added tax (VAT) levied on property transactions between 2006 and 2010. The news comes as a relief for the property developers and buyers. The government further clarified that VAT will be levied only on [...] Continue Reading »
Gurgaon will procure a new ‘signal-free’ road by 2014, developed by IL&FS Engineering and Construction Company. The firm has announced that it has won Rs 394.3 crore contract from India’s largest real estate developer DLF for construction of a road in Haryana. The 8.3 km road, starting from NH-8 to sector 55/56 at Gurgaon, will [...] Continue Reading »
In Mumbai, a city of ever increasing population, recent emphasis is put on redevelopment. Especially in areas like Andheri, where old buildings are in almost dilapidated condition, the government has encouraged redevelopment of these buildings which has attracted big developers to come forward. Experts support the initiative as they are of the opinion that redevelopment [...] Continue Reading »
One group, well known for their various business verticals like; realty, engineering, sports goods and health care are now all set and ready to invest around Rs 250 crore in realty sector by 2014. This company initially started as a real estate developer and later on diversified into many sectors. However, with the plans of [...] 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 »
Vijayawada Municipal Corporation (VMC) has ordered its officials to survey on the prevalence of proper basic services like; roads, drinking water supply and drainage in all the parts of Vijayawada city. The main agenda behind this strict survey is to know how residents in all the areas are making use of these facilities. To discuss about betterment [...] Continue Reading »
