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US$ 970 mn PE inflows in retail hit five-year high in 2019

Despite tepid consumer spends, the total PE inflows into Indian retail hit a new high in 2019 among all five years between 2015 to 2019. Total retail-focused PE inflows touched US$ 970 million in 2019 – a 19 per cent share of the total US$ 5 billion in overall Indian real estate, reveals research by Anarock Capita...

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Bosch Power Tools launches smart cordless measuring tools

Bosch Power Tools India, a market leader in the power tools segment that offers a complete range of power tools for construction, woodworking, and the metal working industry, has recently launched innovations in the measuring and imaging categories for Indian professions. The cordless GLM 150 C Professional, cordl...

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Ceiling Shower with Chromo Therapy

Searching for an all new experience in your bathroom? Grafdoer is the one stop solution to all your kitchen and sanitaryware problems. Everyone wants to have an amazing experience while taking a shower in there b...

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Toto India hosted the architect talk with Taro Muroi and Ar Tsuyoshi Tane

TOTO India successfully hosted the second edition of the Architect Talk at Trident, BKC, in Mumbai. Spearheaded by Taro Muroi, Managing Director, TOTO India; the event witnessed an insightful seminar and panel di...

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Ease of Living, Municipal Performance Index launched

Photo: For representational purposeTo help assess the progress made in cities through various initiatives and empower them to use evidence to plan, implement and monitor their performance, two Assessment Frameworks, viz, Ease of Living Index (EoLI) and Municipal Performance Index (...

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Bidar airport developed at an estimated Rs 110 million

Post the successful commencement of flight operations from the Kalaburagi airport in Karnataka, Ministry of Civil Aviation (MoCA) recently flagged off the first direct flight from Bidar airport to Bengaluru in Karnataka. The airport has been remodeled under the Regional Connectivity Scheme-Ude Desh Ka Aam Nagrik (...

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Builders in Gurugram may face penalty of up to Rs 3 billion

The Haryana Real Estate Regulatory Authority (HRERA) will reportedly impose a penalty of about Rs 3 billion to Gurugram developers. As reported, the authority has, in the last two years, received 9,496 complaints, of which 6,598 have been disposed off or resolved. It has also issued 509 penalty notices to builders...

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National Logistics Policy to soon be released

Photo: For representational purposeA National Logistics Policy will be released soon and it will clarify the roles of the Union Government, state governments and key regulators, said Finance Minister Nirmala Sitharaman while presenting the Union Budget 2020-21 in Parl...

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From lives to livelihoods, solar powers opportunity for Indian households

Indian households with a solar home system (SHS) report significant improvements to their quality of life as people feel safer and their children have more time to study. Systems also provide big boosts to income for 1 ...

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Medium to long term outlook positive; challenges in the immediate to short term

After a record year in 2018, the industry and indeed the economy witnessed a downturn in 2019. “One of the biggest issues being faced by the construction industry was the availability of finance and liquidity,” says ...

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KONE inaugurates its new warehouse in Mumbai, India

KONE Elevator India, a fully-owned subsidiary of KONE Corporation, opens its new warehouse at Andheri in Mumbai. Housing more than 2000 different parts, the warehouse will serve more than 2500 current customers. In Mumb...

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Railways to offer new manufacturing opportunities worth Rs 280 bn a year

Highlighting opportunities for the capital goods industry under ambitious construction projects such as high-speed rail and dedicated freight corridors, FICCI’s Capital Goods Committee has prepared a report on ‘Opportunities for Capital Goods Industry with Indian Railways and Metros’, with multiple suggestions tha...

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Budget announcements impact building materials segment

Infrastructure development and growth was expected to be the basic theme for the Union Budget 2020-21. Reason being that it is one sector that creates opportunities worth 10 times the invested amount. In a current scena...

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The Budget Remix

The Budget has not achieved the objective it was due to accomplish in toto. It does not lay a long-term vision for growth. It also fails to simplify taxation. It has fallen into the trap of releasing a remix instead of a fresh new melody. The FM could have laid down the crisis we are in so that the action sh...

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Infra slowly getting into action with Budget 2020: CW

Historically, it has been seen that Union Budgets in India are weaved around infrastructure development as most of the Budget allocations in a direct or indirect way are related to the infrastructure sector. Simple reas...

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Economic Survey: Need to relax fiscal deficit for the current fiscal to revive growth

The Annual Economic Survey 2019-20, prepared by a team headed by the Chief Economic Adviser Krishnamurthy Subramanian, and tabled by Finance Minister Nirmala Sitharaman on Friday projected growth for the next fiscal sta...

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JLL rates Budget 3/10 for the real estate sector

The Union Budget announcement continues to focus on affordable housing and infrastructure, more specifically, urban infrastructure and logistics.  However, we do not see significant impact on the realty sector, says ...

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Budget proposes Rs 220 billion for power and renewable energy sector in 2020-21

The Union Budget 2020 proposes Rs 220 billion for power and renewable energy sector in 2020-21. Also, expansion of national gas grid from the present 16,200 km to 27,000 km has been proposed. Further, reforms have been ...

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Does the Budget fall short of Real estate sector’s expectations?

CW gathers the real estate sector’s reaction to the Union Budget 2020 on the benefits it has reaped and expectations that it did not meet. Satish Magar, President, CREDAI National, says, “Budget 202...

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Budget 2020 will ensure an integrated development of both infra and realty sectors

Continuing its commitment for further strengthening the national infrastructure till the last mile, Finance Minister Nirmala Sitharaman has presented a progressive budget and touched upon every section of the economy, s...

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Budget’s capital spend for road min for FY2021 lower than required for Bharatmala

Budget 2020 emphasises on accelerated development of highways to be undertaken; including 2,500 km access control highways; 9,000 km of economic corridors; 2,000 km of coastal and land port roads; 2,000 km of strategic ...

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Budget’s emphasis on creating a single-window e-logistics market is a positive

The Budget 2020 Outcome for the logistics sector looks positive. The finance minister has proposed to release the National Logistics Policy soon. She has also proposed to build a seamless national cold storage chain. The Budget also mentioned that the National Bank for Agriculture and Rural Development (Nabard) will...

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Budget 2020 allocation to Sagarmala is lower than the cost of planned initiatives

For ports and waterways, Budget 2020 has laid emphasis on considering corporatising at least one major port and its listing on stock exchanges. It has mentioned a governance framework keeping with global benchmarks needed for more efficient seaports. Also, economic activity along river banks to be energised as per P...

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Budget 2020’s focus on infra is towards regaining private sector confidence

The Union Budget announced on Saturday mentioned Rs 100 trillion to be invested on infrastructure over the next five years. As part of the National Infrastructure Pipeline, Rs 103 trillion worth projects will be focused...

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Tax Concessions extended to Sovereign and Pension funds in Budget 2020

Tax Concessions extended to Sovereign and Pension funds will go a long way in attracting Long term financing solutions for infrastructure Sector, says Sandeep Upadhyay, Managing Director, Infrastructure, Centrum Capital. He shared more on the Budget 2020 Outcome for infrastructure finance. While the in...

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CW takes a look at the National Infrastructure Pipeline (NIP) report

Accordingly to media reports,Union Finance Minister Nirmala Sitharaman recently made a brief statement on the contents of the National Infrastructure Pipeline (NIP). She has indicated that the Government will examine the recommendations of the appointed Task Force and take early action.A ...

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A single-window clearance system can help speed up the execution of projects

Across the landscape of Bengaluru, Hyderabad and five other Indian cities, the Salarpuria Sattva Group is a name that’s made its indelible mark. With the Union Budget 2020 being announced tomorrow, Bijay Agarwal, Managing Director, Salarpuria Sattva Group, shares his expectations on the Budget: Read More


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With the Union Budget 2020 to be announced by Finance Minister Nirmala Sitharaman tomorrow, CW tracks expectations across the construction industry.

Ranganath NK, Area MD, INDO Region, Grundfos: “We are optimistic that this year’s Union Budget will sharply focus on increasing demand for goods and services. The only way to increase demand will be to put more money in the hands of middle and lower income segments. This, coupled with the al...

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Humanising Industry 2.0

Industries, companies, businesses have been speaking about the latest market challenges including RERA, GST and Demonetisation for some time, and how we all have to deal with it. However, additional changes are constantly arising from various quarters and these are impacting all of us as well. ...

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Macro factors related to the Union Budget 2020

“Extraordinary circumstances call for extraordinary measures” – this seems to be the only thought on Finance Minister Nirmala Sitharaman’s mind. And, the reason is quite simple: With the GDP at a decade low rate, job cr...

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There needs to be a heavy outlay in the infrastructure sector

The nation should continue to explore new technologies that might serve our unique transportation needs in a faster and better manner, says Kshitish V Nadgauda, Senior Vice President and Managing Director-Asia, Louis...

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Embassy Services and Nucleus Office Parks a conference for Integrated Facility Management

The IFM industry in India is expected to grow at around 17 per cent to cross US$19 billion mark in the next five years. The organised IFM sector is set to flourish with increasing acceptance of outsourcing non-core acti...

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The ports fraternity came together to discuss PCS and National Logistics Portal

India’s long coastline stretches across 7,517 km with over 200 ports. The Government aims to create port capacity of 3,200 mmt by 2020 from its current capacity of 1,514 mt tonne at major ports. It is also executing a N...

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Siemens to acquire C&S Electric for Rs 21 billion in India for electrification needs

In a step to meet the increasing demand for electrification across industry, infrastructure and buildings in India, Siemens (India) today signed an agreement to acquire New Delhi-based C&S Electric. The acquisition ...

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Godrej Properties launches Godrej RKS at RK Studios in Mumbai

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Olive by Embassy builds a next generation living community in India

Bengaluru-based Embassy Group has launched its newest asset class Olive by Embassy, the next-gen living community in India. Olive is purpose built for young working professionals and students in a world class safe and sec...

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Measures to help sustain developers in a new environment has been delayed

Tata Realty and Infrastructure is a 100 per cent subsidiary of Tata Sons. With Budget 2020 around the corner, Sanjay Dutt, Managing Director & CEO, Tata Realty and Infrastructure, shares his expectations: <...

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ArchChat foresees to have 30,000 new architects on board by 2020

ArchChat, one of the world’s first communication platforms for architectural collaboration related to any residential and commercial construction foresees to have 30,000 global architects on board by 2020 to ease communic...

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Danfoss Power Solutions inaugurates new facility in Pune

Danfoss Power Solutions (DPS) – a world-class provider of mobile hydraulics for the construction, agriculture and other off-highway vehicle markets – is all set to inaugurate their new facility in Pune. The company is an ...

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The Real Estate fraternity is expecting few big sweeps at the Union Budget 2020

The real estate fraternity is expecting few big sweeps at the ‘Union Budget 2020’. Ashish R Puravankara, Managing Director, Puravankara, shares:“Real Estate will have a huge part to play in India INC’s j...

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IndoSpace launches three parks

IndoSpace, among India’s largest developer of Grade-A industrial real-estate and logistics parks, has launched three new industrial and logistics parks across Becharaji in Gujarat, Anantapur in Andhra Pradesh, and Sohna Taoru in Haryana. Continuing its pan-India expansion, these parks—with a total area of over 120 acre...

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LYNX-Lawrence and Mayo brings advanced mobile mapping solutions to India

LYNX-Lawrence & Mayo, one of India's leading engineering equipment providers in the country, are always on the forefront to bring specialised solutions to Indian shores. In line with this, their latest offering is the...

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Maharashtra ranks 1st in GBCI India’s list of Top 10 States for LEED in India

GBCI India (Green Business Certification Inc) has released the list of India’s Top 10 States for LEED (Leadership in Energy and Environmental Design). This is the third year that the top 10 has been released in India, ...

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iQuippo digitises co-lending programmes of banks and NBFCs

iQuippo, India’s first digital marketplace for infrastructure equipment has launched its upgraded financing portal, which makes it the first digital platform in the country to digitise the co-lending programmes of banks a...

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Allcargo partners with Blackstone to develop logistics parks

Allcargo Logistics (Allcargo), one of India’s largest integrated, end-to-end logistics services providers has partnered with the global private equity investor – the Blackstone Group (Blackstone), to develop logistics par...

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Construction work of Jewar Airport set to start in February 2020

After winning the bid to build the project recently, officials of Zurich Airport International on January 15 reportedly visited the project site and discussed the master plan with the brass of the Noida International Airport (NIAL). It is known that the Swiss company would soon apply to the Union home ministry for...

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Bombay High Court sets up panel to liquidate HDIL assets

The Bombay High Court (HC) on January 15 ordered setting up of a three-member panel to evaluate and sells assets of the embattled Housing Development and Infrastructure (HDIL). The fund thus accumulated would be used to pay off the debt the builder owes crisis-hit PMC Bank. Last month, the Enforcem...

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Buyers move Supreme Court against government move to tweak Insolvency Code

The Supreme Court on January 13, 2020, started hearing a bunch of petitions, which challenge the Centre’s move to make amendments in the Insolvency Code, making it difficult for individual buy...

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Scot Horst, Founder of Arc, to Headline Greenbuild India

Horst will kick off the global green building conference, which features two-days of educational programming, award recognition, inspiration and celebration, including the signature Women in Green luncheon and award-winning entertainer Anoop Sankar BENGALURU – (Jan. 15, 2020) – Today, the U.S. ...

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L&T Construction awarded contracts worth Rs 25 to 50 billion

Larsen & Toubro is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services with over US$ 21 billion in revenue. It operates in over 30 countries worldwide. A stro...

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Triveni Enterprises celebrates 50 years with new line of machines

Bengaluru-based Triveni Enterprises, a leading provider of steel and steel services in India, has announced its new line of machines to mark the Golden Jubilee celebrations of the company. Joining the successful golden jo...

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Placebo Fabtech gets RDSO approval to supply Steel Bridge Girder for Indian Railways

The R&D and technical arm of Indian Railway, Research Designs and Standards Organisation (RDSO) certifies Hyderabad-based Placebo Fabtech for supplying steel bridge girder, making them the third vendor of Indian Railw...

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Union Budget must aim to boost domestic stainless steel manufacturing: ISSDA

In order to augment domestic manufacturing, the domestic stainless steel industry body, Indian Stainless Steel Development Association (ISSDA), has recommended some curative measures to the government ahead of the Union b...

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Roads projects to be executed the EPC route

The Minster of Road, Transport and Highways Nitin Gadkari has been quoted in a leading newspaper confirming that the focus will be more on EPC projects at the moment. The ministry is prioritising asset monetisation...

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Kerala Skyscrapers demolished over environmental violations

In a first-of-its-kind decision every made in India, the Supreme Court ordered for four skyscrapers in Kerala’s Kochi city to be demolished between January 11-12, 2020, as these structures were terms illegal owing to the ...

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Ashwin Sheth Group to expand its commercial and retail portfolio

Ashwin Sheth Group, one of Mumbai’s leading real-estate developers, plans to expand its commercial and retail portfolio by foraying into newer geographies outside Mumbai. On Thursday, January 9, 2020, Chintan Sheth, Di...

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ACE Completes 25 years of Lifting India’s Growth in January 2020

Action Construction Equipment (ACE), one of India’s leading material handling and construction equipment manufacturing companies has continuously been one of the major exhibitors at the much-coveted Read More


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Shriram Automall enters into Rs 500 billion stressed assets management industry

India’s largest physical and online bidding platform for pre-owned vehicles and equipment, Shriram Automall India (SAMIL) has acquired a majority stake in Augeo Assets Management (Augeo) for an undisclosed amount. The com...

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Hines and Conscient award Rs 5 billion construction contract for elevate to Tata Projects

Hines, the international real estate firm, and Conscient Infrastructure, a trusted name in the real estate industry in India have awarded a Rs 5 billion construction contract for their premium residential development ‘Ele...

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Toshiba Johnson Elevators (India) establishes a Training Centre and Distribution Centre in Chennai

Toshiba Johnson Elevators (India) (TJEI) announces the opening of a Training Centre and Distribution Centre (TCDC), in Chennai. Operational since November 22, the newly established facility is built in order to further en...

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