Construction Projects News

Of the 15 lakh units spread across the top eight metro cities in India, the Mumbai Metropolitan Region (MMR) holds 57% of the inventory, that is 8.90 lakh units. This if followd by Delhi NCR, which has 27% or 4.25 lakh stalled units

Amaala will join an ambitious list of mega-projects that Saudi Arabia's PIF has committed to as Mohammed bin Salman tries to bolster non-oil revenue and attract foreign investors

The underperformance of the NBCC stock can be explained by a mixed financial performance in recent quartersthe 6% drop in operating profit despite a 19% growth in revenue in Q1 surprised investors

According to the road ministry's estimates, the greenfield projects would cost 40-60% less than expansion of brownfield projects, given that land prices in brownfield projects are over twice the cost of land elsewhere

Transport minister Nitin Gadkari has raised the construction target for highways to 16,420km from 9,829km, eyeing completion of 45km per day as against 27km per day in 2017-18

NHAI is working on a policy to compensate brownfield projects that have either reached traffic maturity or are likely to be impacted by the Rs5 trillion roads project

New highway projects under Bharatmala are expected to be with new alignments that would shorten distances and reduce travel time, said transport minister Nitin Gadkari

The push for under-construction projects comes at a time when most real estate firms are focusing on ready properties after implementation of Rera in May

National Board for Wildlife rules against big projects in Delhi in future that are not specific to the national capital

Emaar India plans to raise up to Rs1,000 crore debt to meet construction expenses as it targets to complete all the ongoing 50 projects over the next two years