Construction

PM Awaas Yojana-Gramin: 1.75 crore houses, out of 2.28 crore have been completed, says Centre

Union Minister for Rural Development Sadhvi Niranjan Jyoti said that during the period of the COVID-19 pandemic induced nation-wide lockdown, all construction activities including construction of houses under PMAY-G were also affected

Air pollution: SC re-imposes ban on construction in Delhi-NCR, asks states to pay affected workers

The bench said as of now, the action is proposed after air quality has deteriorated and directed the commission to take preventive advance measures to deal with the rise in air pollution

China’s third-quarter growth slows to 4.9%, power shortage, slowdown in property sector add to woe

Louis Kuijs of Oxford Economics said in a report that “ugly growth numbers” in coming months are likely to prompt Beijing to ease lending controls

Stimulus package to revive economic activities, boost Make in India, says steelmakers

Indian steelmakers on Wednesday said the Rs 20 lakh crore stimulus package announced by Prime Minister Narendra Modi would give a quantum jump to economic activities in the country and boost the ambitious Make in India programme

Coronavirus Outbreak: Pandemic to hit investments up to 30% in construction-related projects, says KPMG

Construction-related GVA and employment are expected to reduce between 15 to 34% and 11 to 25% respectively when compared to pre-crisis projections for FY21, it said on Friday.

FICCI suggests resuming operations of downstream industries to minimise COVID-19 impact on cement sector

Industry body FICCI on Tuesday suggested the government to resume operations of downstream industries like real estate and construction of roads and highways to minimise the impact of COVID-19 pandemic on the cement sector

Coronavirus Lockdown: Realtors start construction in Gurugram, waiting for permission in Noida, Gr. Noida

Construction activities have resumed in some real estate projects in Gurugram with existing labour force, but builders in Noida and Greater Noida are waiting for permission from the local administration, according to industry bodies

Coronavirus Lockdown: ICRA expects GDP to contract by 20% in June quarter; 2% fall in current fiscal

After the government announced graded relaxations in the lockdown, domestic rating agency ICRA on Monday estimated that the country's GDP might contract by as much as 20 percent in the June quarter and is expected to overcome some lost ground in the remainder of the year but still close 2020-21 down by up to 2 percent

Sell unsold units at 'no-profit-no-loss' to save interest, boost liquidity: Nitin Gadkari to real estate developers

Union Minister Nitin Gadkari on Wednesday exhorted real estate players to sell unsold housing units, even at no-profit-no-loss, to boost their liquidity condition and save interest cost on loans

L&T bags 'significant' orders worth up to Rs 2,500 cr from domestic clients

Infrastructure company Larsen & Tourbro on Friday said its buildings and factories business has bagged significant orders worth up to Rs 2,500 crore from domestic clients