Infrastructure status for affordable housing was a long-standing requirement of the sector. This move should boost the volume of construction activity across the country, which has been struggling with reduction in the number of projects being launched over the last few quarters.
Tag: Construction
Post
Post
Infrastructure tag will create liquidity in the sector
The affordable housing sector is looking and feeling upbeat! The sector has been finally granted infrastructure status, in addition to interest rate subsidies through the PMAY scheme, the income-tax breaks have been extended effectively till 2024 and finally the government has moved the idea of providing regulatory and construction approvals within 60 days.
Post
What GST holds
All states will implement GST by July 2017. The Constitution Amendment Bill for Goods and Services Tax has been approved by the President of India post its approval in Parliament (Rajya Sabha on 3 August 2016 and Lok Sabha on 8 August 2016) and ratification by more than 50 per cent of state legislatures.
Post
There is a real talent shortage in the Indian construction industry
It's early days for us. We have launched our operations in India last year. We said, let's not get the cart before the horse. Let's create a world-class delivery capability. So we have built that team and we are continuing to expand that team with quite an aggressive hiring programme. Now, more recently, we have been bringing on the sales, marketing and expertise.
Post
Plastics processing industry poised to grow CAGR of 10.5percent till FY20
A knowledge and strategy paper on ‘Sustainable Infrastructure with Plastics’ has been released at the national conference organised by FICCI jointly with Department of C&PC, and Organization of Plastics Processors of India (OPP) at the FICCI headquarters in New Delhi.
Post
NCC Ltd Q3 net profit up at Rs 58.27 crore
Hyderabad-based construction company NCC Limited has reported a 2 per cent increase in net profit at Rs 58.27 crore for the quarter ended December 2016 as compared to Rs 57.03 crore in the corresponding quarter of the previous year.
Post
NCB seminar on durability and service life design of concrete structures
The aim of the Seminar is to highlight the importance of Durability and Service Life Design concept of concrete structures with respect to our country´s environmental conditions and will bring out available knowledge and help engineers to gain confidence.
Post
Setu revamp in 42 months, Centre tells Patna HC
The Centre has informed the Patna High Court that the dilapidated Mahatma Gandhi Setu will be totally revamped within 42 months and a new four-lane bridge, parallel to it, will be put in place in due time.
Post
Smoothening the cement deliveries
The cement industry in India is driven by the immense growth in housing and commercial sectors, infrastructure development, and construction of the transportation ecosystem.
Post
India is at a very interesting and crucial moment right now
India is at a very interesting and crucial moment right now. The Indian government has stimulated a lot of activity involving infrastructure development such as the Smart Cities programme and the Delhi-Mumbai Industrial Corridor.