GurgaonÂ’s real-estate market has started showing signs of revival with the M3M Group delivering five key projects after demonetisation. The move was expected to curb black money, but it also resulted in a slowdown in the real-estate sector. But now the scenario is changing, as players like M3M, one of the leaders in the luxury segment, have started to deliver key projects within a short span of time, post demonetisation.
Category: ECONOMY & POLICY
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Builders in Vijayawada to import cement to combat cartelisation
Alleging that cement companies were engaging in cartelisation, buildersÂ’ associations in Vijayawada have decided to import cement from Sri Lanka, China, Bangladesh, Malaysia and Korea.
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MEP Infrastructure signs MoU with CIDB’s Malaysian arm
MEP Infrastructure Developers has signed an agreement with an arm of the Construction Industry Development Board (CIDB Malaysia) for joint development of projects in India. “The company has entered into a Memorandum of Understanding with CIDB Holdings SDN BHD to promote and develop their cooperation by knowledge sharing and introducing best practices towards joint development of highways and expressways projects in India and related investment,” the company said in a regulatory filing.
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Essar Projects India completes projects worth Rs 2,862 crore in FY2016-17
EPIL has executed critical activities in Indian Oil Corporation LimitedÂ’s 15 MMTPA Paradip Refinery project, the Saurashtra Narmada Avtaran Irrigation (SAUNI) Pipeline Yojana project, as well as the Kaladan Multimodal Transport Project in Myanmar.
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Godrej Properties ties up with GRIHA for green rating of projects
Together with the Ministry of New and Renewable Energy (MNRE), Government of India, TERI developed GRIHA (Green Rating for Integrated Habitat Assessment), which was endorsed as the ‘National rating system for green buildings in India’ in the year 2007.
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Zydus CadilaÂ’s MD to lead FICCI delegation accompanying FM to the US
A high-powered FICCI business delegation led by Pankaj R Patel, President, FICCI & Chairman and Managing Director, Zydus Cadila - Cadila Healthcare Ltd is accompanying Finance Minister Arun Jaitley to the United States from 20-24th April 2017 to enhance bilateral economic engagement between the two major democracies and further boost cooperation between Indian and US businesses.
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Home launches dip 19% pan-India in Q1: PropEquity Study
In a report released by PropEquity, a real estate data, research and analytics firm, home launches dipped have dipped 19.46% across top 8 cities in the first quarter of 2017 from 28,428 units to 22,897 units.
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Australia, India to partner in skill development, 4 lakh trainers and assessors to benefit
The Centre has stated that the Prime Ministers of Australia and India have made skill development a priority area of engagement in multiple sub-domains such as skill delivery, quality assessments and creation of transnational standards to ensure international mobility of IndiaÂ’s workforce.
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As RERA kicks in, developers speed up project completion
A greater part of the country's developers appear to be on a ‘Mission Project Completion’ nowadays, possibly due to the impact of RERA
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CII Business Confidence Index scores all-time high in Jan-March quarter
Amidst expectations that economic activity would gather pace in the current year, there is optimism among companies that green shoots of recovery, which have started becoming evident, would be sustained. This finds a reflection in the CII Business Confidence Index (BCI) which has gone up to an all-time high of 64.1 during the fourth quarter of 2016-17 as against 56.5 recorded in the previous quarter.