HERE ARE THE TOP 5 STORIES OF THE WEEK

 NAREDCO demands one-time loan restructuring for stuck realty projects - National Real Estate Development Council (NAREDCO) has urged the government for a one-time restructuring of loans and last-mile funding for stalled realty projects to rescue the real estate sector from the liquidity crisis caused by Covid 19.

 Karnataka enters pact with 23 firms for Rs 28k cr infra investments - The Karnataka government has entered an agreement with 23 companies, including 12 multinational companies, for investments of around Rs 28,000 crore. During the beginning of the pandemic, the government cleared over 520 industrial projects, including the MoUs signed with the 23 companies, with a total of Rs 77,000 crore investments in multiple sectors.

 Tamil Nadu to set up flying squads to monitor under construction buildings - Tamil Nadu's housing and urban development minister S Muthusamy told the media that the state will form flying squads to inspect buildings under construction to ensure that the layout and approval are correct. According to the minister, if there are any flaws, they will be addressed as soon as possible based on the flying squad's reports.

 Hyderabad emerges as real estate investment hub for NRIs- Abhishek Chanda, Director, Vasavi Group, said that the Hyderabad construction and real estate sector is the most suitable investment option for NRIs, with greater Return on Investment (ROI) varying between 12 to 20% annually.

 Tamil Nadu govt gets Rs 28,508 cr via companies for 49 projects- The Tamil Nadu government, through companies, received Rs 28,508 crore for 49 projects that are expected to provide job opportunities to 83,482 people. The investments are in the power plant, electronics, industrial parks, auto-components, IT and ITeS services, manufacturing, food processor, pharmaceuticals, footwear, and textiles.

That’s all for this week, stay tuned at constructionworld.in for more updates.

Ep5: Technology used in Construction (Part 2- Featuring Kalyan Vaidyanathan)

Today in urban and rural areas, people have an alternate method to buy any product. When our favourite neighbourhood store does not have the product that we need, we look online to fulfil our needs. This attitude has led to an expansion of the warehousing and logistics industry of the country.

As per an article by VCCircle, nearly 700 million internet users throughout the country and an exponential uptake of e-commerce owing to countrywide lockdowns, warehousing saw a huge drive in demand in India.

Ep6: The rise of warehousing in India

HERE ARE THE TOP 5 STORIES OF THE WEEK
Volvo Construction Equipment launches new equipment in India Volvo Construction Equipment launched a new range of compactors, pneumatic rollers, pavers and wheel loaders for the Indian market. The company said that the machines of the new generation promise to finish across a variety of projects and deliver outstanding performance with best-in-class fuel consumption and maximum reliability.

Adani and RIL units plan to scale up drone production in India
The development coincides with India's recent liberalisation of drone regulations, which Prime Minister Narendra Modi described as a landmark moment for the country. The total addressable market potential for drones in India is estimated to be Rs 3 lakh crore, or $40 billion, according to a Ficci study.

Mumbai, Delhi listed in EIU’s top 50 safest cities in the world
New Delhi and Mumbai have made it to the top 50 on the Global Safe Cities Index 2021, with a score of 56.1 and 54.4, respectively. The first 10 safest cities from the Index are Copenhagen, Toronto, Singapore, Sydney, Tokyo, Amsterdam, Wellington, Hong Kong, Melbourne, and Stockholm.

SC issues notice to demolish Supertech twin towers in Noida
The Supreme Court on Tuesday ordered the demolition of twin 40-storey towers in Supertech Ltd;s Emerald Court project in Noida for violating building by-laws in collusion with authority officials, dealing a blow to the real estate giant. Apex and Ceyane, two towers of Supertech's Emerald Court Project in Sector 93, have a total of 915 apartments and 21 shops.

 India's Top Builders 2021
This year, the winners of the CW ARCHITECT AND BUILDER AWARDS (CWAB) 2021 were Brigade Group, Embassy Property Developments, Godrej Properties, Mahindra Lifespace Developers, Mindspace Business Parts REIT, Prestige Group.

That’s all for this week, stay tuned at constructionworld.in for more updates.

Top 5 stories of the Week - 3rd September 2021

Construction World

Related tracks