Macrotech Developers aims to raise Rs 2,500 crore through IPO; real estate firm issue opens on 7 April
The shares of the real estate firm, formerly known as Lodha Developers, will be offered at a price band of Rs 483-486; the proceeds from the IPO will be used to repay its Rs 1,500 crore debt as well as towards land acquisition and other corporate expenses
84% construction workers in Pune, Ulhasnagar not paid in lockdown: Survey shows devastating impact of GDP contraction on migrant labourers
The construction industry in India is the second largest employer after agriculture and has an industry size of Rs 10.5 trillion. According to the Confederation of Real Estate Developers Association of India, prior to the lockdown, there were 20,000 ongoing construction projects in the country and work was being undertaken in as many as 18,000 sites.
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.
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
GDP falls to 5%: April-June data comes as a shocker; it is time govt bid adieu to fiscal deficit obsession
Looking closely at the GDP figures, the big disappointment is the manufacturing sector
Lok Sabha Speaker Om Birla on Monday asked real estate developers to deliver apartments to homebuyers on time without compromising on the quality, while stressing on the need to strengthen the sector for faster economic growth and employment generation
GDP growth rate is disappointing; RBI can lower rates further, but it is unlikely to push investment
When the growth numbers for 2016-17 and 2017-18 were scaled up under difficult times like demonetisation and GST, it was hard to reconcile the numbers with the underlying conditions in the market.
Construction segment stable due to strong orders, infra pipeline; land acquisition delays pose risk to transportation sector: Report
In the railways segment, the station redevelopment and the recently announced bullet train project is expected to provide significant opportunities to the construction companies, the agency said.
Positive growth in steel sector, trend to continue with improving economic activities across the world: Tata Steel
Tata Steel Ltd CEO and Managing Director TV Narendran hailed the initiatives taken by the state and the Union government for the betterment of the steel sector
Narendra Modi govt needs targeted policy actions to address unemployment problem: India Rating’s Devendra Pant
Lack of jobs has been a worrying factor for Narendra Modi government since it took over at the Centre in May, 2014
Racold to tie up with Flipkart, expand to tier II and III towns to offset disruptions in construction sector
On its tie-up with Flipkart, official says details being worked out and shortly, Racold products will be available on e-commerce site
Budget advancement has boosted govt capex by 58% but effect stays subdued on weak private investment
Unless the corporates get the confidence to invest more, do not expect a major revival on the ground
Construction of complex, building, civil structure, including a complex or building intended for sale to a buyer, wholly or partly, will attract a GST rate of 18 percent
The slowdown around Delhi, where unsold inventory is the highest, shows no sign of abating
India has eased foreign direct investment rules for the construction sector, the government said on Wednesday.
Reacting to the quarterly economic growth data, Chidambaram said some numbers, especially a sharp drop in the growth of fixed investment, were a matter of concern.<br /><br />