We all know somebody who has made a mini fortune by investing in a flat or residential plot at the right time, writes Ashwini Kumar Sharma. Despite the usual ups and downs, there exists a deep-rooted sense among Indian investors that residential property is a...
The construction sector is the fastest-growing adopter of commercial drones, and is likely to require 2.5 lakh people with UAV (unmanned aerial vehicle) operating skills in the coming years, a report said. Highways, roads, bridges and housing will take the lead in the...
Amid the rising demand emanating from the real estate sector, the government has stepped up efforts to create a reservoir of technically skilled people to meeting demand of the construction and allied sectors. It has been decided that it is important that most fresh...
The Central government’s increased focus on infrastructure is one of the major reasons behind the rising labour cost in real estate industry, according to industry experts. “In the last three years, the cost of labour had definitely increased in the range of...
Financial innovation is critical in the real estate sector but operational innovation around real estate is equally if not more important, says Taponeel Mukherjee, head of Development Tracks, an infrastructure advisory firm. An innovative operational model in real...
A Market research report Global Dry Construction Market Research Report - Forecast to 2023 says Dry Construction is set to boom Dry Construction is a method that refers to the utilization of innovation to minimize the use of water and the impact of concrete/cement on...
A report says the share of construction in gross value added has been steadily falling. For the first half of the current fiscal, the share of construction in total value added in the economy was 7.86%—compare that to a share of 9.73% in the first half of 2011-12. For...
Building smart homes in Smart Cities requires a consortium approach where construction companies, builders, suppliers of equipment and information and communication technology companies cooperate with a well-defined strategic goals. These days you witness diverse...
Krishnapatnam Port, which is expected to complete land acquisition for Smart City construction, has almost finished this key aspect of the project. After acquiring 5,000 acres, it is now looking at an additional 1,000 acres. The ports Managing Director Chinta Sasidhar...
UAE-based LuLu Group International has announced plans to invest Rs 10 billion to set up an international convention centre, a five-star hotel and a mall in Lucknow if Uttar Pradesh government is willing to fast-track the required clearances. Lulu Group Managing...
The Builders Association of Navi Mumbai (BANM), which will be holding their 16th Mega Property Exhibition from Jan 8 to 11, has urged the civic body to ensure that Smart City scheme is retained. Devang Trivedi, former president of BANM, said, "We hope and urge that...
The committee set up to recommend reviving the public-private partnership (PPP model) of infrastructure development has suggested that the government should encourage easier funding for construction projects with long gestation periods. "PPPs are an important policy...
In a bid to win the Smart City challenge and receive the funding under the Centre’s Smart City Mission, Ahmedabad is emphasising on design innovations that would reflect both tradition and modernity. It has ambitious plans for the redevelopment of nearly 70 hectares...
During a meeting of municipal authorities with senior Uttar Pradesh officials, the former were asked to prepare a plan for a sum of at least Rs 10billion to sustain the Smart City project. Construction of project would call for careful planning and execution in a...