image

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...

Read More

image

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...

Read More

image

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...

Read More

image

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...

Read More

image

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...

Read More

image

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...

Read More

image

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...

Read More

image

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. ...

Read More

image

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...

Read More

image

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...

Read More

image

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...

Read More

image

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...

Read More

image

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...

Read More

image

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 ...

Read More

image

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...

Read More

image

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


image

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...

Read More

image

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...

Read More

image

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...

Read More

image

e-novation Centre is India’s first hub for Corporate R&D, trainings and innovation

e-novation Centre, India’s first state-of-the-art hub exclusively dedicated to corporate innovation, R&D and training, is being built in the institutional area in Sector 75, Gurugram. Spread over 12 acre, the corporat...

Read More

image

Shortage of 12 lakh skilled welding professionals may derail the infra growth story

A number of infra-project contractors are using welding and cutting operators from China, Russia and East European countries as India faces a shortage of skilled welding manpower. All projects in infrastructure, roads, ra...

Read More

image

Adani-KISS Residential School brings cost free, quality education to tribal children

Naveen Patnaik, Chief Minister, Government of Odisha, inaugurated the Adani-KISS Residential School in Odisha on January 8, 2020. On this occasion, also present were Sudam Marandi, Minister, Revenue and Disaster...

Read More

image

Budget 2020 to focus on economic growth by boosting real estate

The Indian economy has in place the blueprint to evolve into the magic number of $5 trillion, but the upcoming Budget has more pressing and urgent issues that cry out for attention – and remedial action. Real estate and urban infrastructure play a crucial role in boosting the economy; which calls for immediate suppo...

Read More

image

RK Marble launches its new and largest marble hub as “Experience One”

Celebrating the milestone year, RK Marble, the world’s largest marble producer, unveiled the new revolutionary “Experience One” in Delhi/NCR; and announced their launch of first showroom at Mayapuri, Delhi and Marble Empo...

Read More

image

SBI launches ‘Residential Builder Finance with Buyer Guarantee’

State Bank of India (SBI) announced Residential Builder Finance with Buyer Guarantee (RBBG) to safeguard home buyers financially by issuing guarantee for completion of projects to customers availing SBI Home Loans. Now, c...

Read More

image

Need of the Hour

LEAPTOR offers smart solutions for smart cities. Urbanisation is now becoming the most happening global phenomenon. According to the United Nations report, about 68 per cent of the world's population will res...

Read More

image

Redbrick Offices strengthens its presence in Hyderabad after recent expansion in Pune

Redbrick Offices has emerged as the preferred co-working space in Hyderabad offering over 3,000 seats across its four spaces. The company is expanding its footprint in Hyderabad with the launch of its 4th and biggest co-working space at Salarpuria Knowledge city, Hitec City, Hyderabad with the capac...

Read More

image

JLL facilitates sale of prime 8 acre land in Pune to Singapore based Mapletree

JLL has facilitated the entry of Mapletree, a Singapore-based real estate developer, in Pune through a mega land deal in the city. Mapletree has acquired a prime 8 acre land parcel for Rs 1.7 billion from Ajanta Enterprise, an SPV held 50 per cent by Vascon Engineers, a real estate construction company....

Read More

image

Housing market shows resilience, office segment on strong footing

Annual sales have exceeded the annual launches for the first time since 2016, indicating further stability in the residential market, according to the latest JLL Report, India Market Update 2019, released today. Witnessing a drop of 14 per cent in unit launches, the year 2019 saw a subst...

Read More

image

Phase 1 Experiences, Embassy Group to develop experience arena at Bangalore Airport

A high-powered consortium between Phase 1 Experiences and Embassy Group will create an experiential and entertainment destination at the Bangalore Airport. The live entertainment company – Live Nation – will act as consultant to the consortium on the development of the project. Music entrepreneur and festival cura...

Read More

image

AIIB approves $ 145 million irrigation, $ 65 million solar investments in India

The Asian Infrastructure Investment Bank’s (AIIB) Board of Directors has approved a USD 145-million loan to India to improve irrigation service delivery and strengthen flood risk management in West Bengal. Earlier this month, AIIB President Jin Liqun also approved a USD 65-million 250-megawatt (MW) solar power pro...

Read More

image

Piramal Enterprises Raises Rs 17.50 billion from CDPQ

Piramal Enterprises recently announced the completion of the Rs 17.50 billion fund raise through preferential allotment of Compulsory Convertible Debentures (CCDs) to Canadian institutional investor, Caisse de dépôt et placement du Québec (CDPQ).The compulsory conversion of CCDs into equi...

Read More

image

The Ministry of Steel’s roadmap till 2025

The steel industry has proven to be an important and crucial element in India’s blueprint to achieve a USD 5 trillion economy. It also has given way to investments worth Rs 100 trillion in the infrastructure sector, including several steel intensive sectors like Housing for All, 100 per cent electrification and pipe...

Read More

image

Infra players recommend changes to boost sector

As reported, during a pre-budget discussion with Finance Minister Nirmala Sitharaman, and other officials from the environment, finance and renewable energy ministries, various infrastructure companies highlighted the need to bring in captive renewable policy following exemptions from cross subsidy and transmission cha...

Read More

image

Doosan Bobcat unveils its B900 Backhoe Loader at Excon 2019

The B900 Backhoe Loader from Doosan Bobcat was unveiled by HW Park, President- Asia , LA & Oceania on 10th December, 2019, at Excon. The product was revealed amidst cheers and fanfare, as it was one of the most anticipated products from Doosan Bobcat India.FeaturesB900 displays...

Read More

image

South surprises while north declined in launches

The residential real estate of India reflected an interesting trend in the third quarter where the southern cities like Hyderabad, Bengaluru and Chennai witnessed an increase in the new launches as compared to the previous quarter. In Hyderabad, there were approximately 4,700 units launched in Q3 whic...

Read More

image

Technology has enabled India to grow multi-folds

At the recently concluded Excon 2019 in Bengaluru, the 10th edition of South Asia’s leading construction equipment trade fair, a conference on “Artificial Intelligence IOT & Automation” was concluded. At the conference, Kris Gopalakrishnan, Chair, CII AI Forum & Chairman, Axilor Ventures, s...

Read More

image

Railways to invest over Rs 10 tn in the next 5 years

At the recently concluded Excon 2019 in Bengaluru, the 10th edition of South Asia’s leading construction equipment trade fair, an Interactive Session on ‘Construction Equipment Industry: Challenges and Opportunities’ was organised. In his presentation on the status of Indian construction equipment industr...

Read More

image

Converting waste into wealth is India’s new vision

Highlighting that nearly 65 per cent of India’s population is rural, Nitin Gadkari, Union Minister for Road Transport & Highways and MSMEs, said, “Creating employment for the rural, agriculture and tribal sector is a high priority for the government. This requires knowledge, technology and innovation that ca...

Read More

image

Honeywell Technology Solutions completes 25 years in India

Honeywell Technology Solutions (HTS), the integrated technology development and engineering arm of Honeywell, has completed 25 years of passion for innovation in India this year. Commissioned in 1994, HTS leverages the country’s top engineering and technology talent to support Honeywell’s businesses...

Read More

image

2019: A year of hope and despair for real estate

The year 2019 has been a tale of hope and despair simultaneously for the real estate sector. While it witnessed the successful launch of India’s first REIT, opening up new avenues for further investments, commercial office space continued to be the most sought after asset class. On similar lines, wa...

Read More

image

L&T Construction bags ‘significant’ category contracts for its various businesses

The construction arm of L&T has secured orders from various clients across numerous Indian states for its varied businesses.Power Transmission and Distribution:The business has secured various orders both in India and overseas.  In Maharashtra, an...

Read More

image

Schneider Electric launches Easy Homes in India

Schneider Electric recently announced the launch of Easy Homes – one of their innovations in the Smart Home space. Bringing IoT to power homes, Schneider Electric’s Easy Homes empowers customers to manage power in their homes through a single app. With four interfaces, it can be operated by everyone through Alexa ...

Read More

image

Trimble showcased next-gen solutions for construction segment at EXCON 2019

Trimble (NASDAQ: TRMB) showcased a forward-thinking continuum of solutions and services at the recently held EXCON 2019, South Asia’s largest Construction Equipment exhibition. Commenting on the occasion Rajan Aiyer, Vice President & Managing Director, Trimble India and SAARC region Read More


image

GRIHA Council, FCC Ink MoU to Promote Green Construction

Two of India's leading think tanks, GRIHA Council and FIRST Construction Council (FCC) have inked a Memorandum of Understanding (MoU) for information sharing in the latest developments in their respective fields of operation. The MoU will see the two organisations work closely in areas of common interest, ...

Read More

image

Godrej Interio launches India’s first Kitchen Experience Centre

Godrej Interio, India’s leading furniture brand in-home and institutional segments, recently launched its first ‘kitchen experience centre’ in Mumbai in the presence of Nyrika Holkar, Executive Director, Godrej & Boyce; Anil Mathur, Chief Operating Officer, Godrej Interio, along with culinary experts Chef Rakh...

Read More

image

Leeboy India unveils new series of compact motor graders

Leeboy India Construction Equipment has launched their new series – compact motor graders for India and other overseas developing markets. The new compact model Leeboy Motor grader 585 is fitted with a 10ft moldboard and powered by 110 BHP Engine developing 380 Nm torque.  This compact grader ...

Read More

image

Keppel Land and Rustomjee Group to co-develop an integrated township in Mumbai

Keppel Land, through its wholly-owned subsidiary, has entered into a joint venture with leading Indian developer, Rustomjee Group, to jointly develop the 51.4-hectare Urbania integrated township located in Thane, a mature and well-connected district within the Mumbai Metropolitan Region, India. Read More


image

WeWork Strengthens Position in India with Expansion into Hyde

After successfully reimagining the concept of workspaces in five key markets in India - Bengaluru, Mumbai, Gurgaon, Noida and Pune, WeWork has launched its first collaborative workspace in Hyderabad. The newly opened workspace was inaugurated in the presence of Jayesh Ranjan, Secretary, Information Technology (IT)...

Read More

image

Rs 140 billion Mumbai coastal road project gets nod from SC

As reported, the Supreme Court has given its approval for Mumbai’s Rs 140 billion coastal road project – which was put on the map to decongest traffic and provide ease of access between the northern and southern parts of the city.  The nod comes after the Apex Court stayed a previous verdict issued ...

Read More

image

L&T awarded ‘significant’ contract for Rishikesh – Karanprayag Tunnel 2 works

The heavy civil infrastructure business of L&T Construction has secured an order from Rail Vikas Nigam (RVNL) for the construction of Rishikesh – Karanprayag Tunnel 2 package works which comprise tunnels, bridges and formation work in the state of Uttarakhand. The contract falls in the significant category and...

Read More

image

Piramal Group partners with IIFL Wealth on an AIF to fund last mile projects

Piramal Group and IIFL Wealth Management have announced a co-investment on an Alternative Investment Fund (AIF) platform to fund select advance stage / last-mile real estate projects across Tier 1 cities in India. This AIF with a target size of Rs 20 billion will be used to provide capital to Tier 1 developers in ...

Read More

image

Water industry experts meet to tackle the growing water crisis in India

Water is a key focus area for India now, and the management of this precious resource is a key priority for all the stakeholders involved. To make the water sector more resilient, American Water Works Association (AWWA) hosted the 3rd AWWA India Annual Conference and Exhibition – AICE’19 in Mumbai.<...

Read More

image

Signify achieves carbon neutral operations in India

Signify (Euronext: LIGHT) has achieved carbon neutrality in India, which is a part of its growth markets. The achievement is part of a total of five more markets – specifically ASEAN, Far East, India, Indonesia and Pacific – achieving carbon neutrality, boosting Signify’s number of markets with carbon-neutral oper...

Read More

image

Tata Projects commences tunnelling work on Pune Metro

TATA Projects has announced that the company has recently commenced work on the Pune Metro Underground line. The work commenced with the gigantic Tunnel Boring Machine being flagged off to start execution of its task from the Agriculture College grounds in Pune.It was witnessed by the top...

Read More

image

Tech Mahindra Bags Rs 5 billion project from PCMC

Tech Mahindra announced recently its largest smart city project worth Rs 5 billion from Pimpri Chinchwad Municipal Corporation (PCMC), Asia’s richest municipal corporation. Through this project, Tech Mahindra will engage with more than 1.5 million citizens of PCMC by enabling the technology-led transformation to c...

Read More

image

DuPont and AGNIi partner to boost India’s innovation ecosystem

DuPont is partnering with AGNIi (Accelerated Growth of New India’s Innovations), an initiative by the office of the Principal Scientific Advisor to the Government of India, executed by Invest India (the national investment promotion and facilitation agency of India), to support the development of sustainable innov...

Read More

image

Vikram Solar Brings Solar Energy to 3 More Airports in India

Vikram Solar commissioned three new solar plants for Airport Authority of India (AAI) in Dibrugarh, Gaya, and Gondia, boosting the company’s contribution to solarisation of airports in India. These three new projects have a cumulative capacity of 1,165 kW (or 1.1 MW), lead...

Read More

image

India’s data centre industry to see threefold revenue growth in five years: JLL

India’s data centre industry that is set to register threefold growth in revenue to US$ 3.2 bn by 2024 and is likely to propel the development of additional real estate space of 7.8 mn sq for setting up data centre facilities, according to the latest report – India’s Data Centre Industry - Poised at the tipping po...

Read More

image

Union Cabinet approves NHAI’s request to set up an infrastructure investment trust

As reported, the National Highways Authority of India (NHAI) received the Union Cabinet’s approval for setting up an infrastructure investment trust (InvIT) – permitting the body to monetise its completed national highways and therefore, fulfil its funding requirements. With this mov...

Read More