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Author: admin (Infratructure Today)

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Housing market sales down 44percent in Oct-Dec 2016

Housing market sales down 44percent in Oct-Dec 2016

The housing market came to a “complete standstill” during October-December 2016 on the adverse impact of demonetisation, as sales fell by 44 per cent in the eight top cities, the lowest figure reported since 2010.
This resulted in a Rs 22,600 crore revenue loss to the builders, according to Knight Frank.

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Tamil Nadu joins UDAY, ‘Power for All’ gets a boost

Tamil Nadu joins UDAY, ‘Power for All’ gets a boost

The Ministry of Power has signed an MoU for Ujwal DISCOM Assurance Yojana (UDAY) with Tamil Nadu in New Delhi, on 9 January, 2017. With the signing of the ‘24x7 Power For All (PFA)’ roadmap document with the state, the roadmap for all the 28 states, except one, and all the seven Union Territories in the country has now been finalised and is under implementation.

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Govt extends Navi Mumbai airport bids

Govt extends Navi Mumbai airport bids

The City and Industrial and Development Corporation (CIDCO) has extended the deadline for submission of Navi Mumbai airport project bids by a fortnight after it attracted only one bidder — GVK group. GVK will also have an opportunity to revise its offer if it so wishes.

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Engineers India bags orders worth Rs 2,500 crore from HPCL

Engineers India bags orders worth Rs 2,500 crore from HPCL

Engineers India has bagged orders from HPCL for execution of the Vizag Refinery Modernisation Project (VRMP). EIL will execute the project contract under two separate contracts, PMC Services for major Process Units and packages under U&O and Execution of U&O and PRU Revamp on Open Book Estimate (OBE) Basis.