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Construction & Infrastructure News

NHAI seeking consultant for city logistics parks

February 2017

The road ministry and the National Highways Authority of India (NHAI) are working on the proposal to set up logistics parks, announced in the recent ...

Road ministry, NHAI, Budget, Nitin Gadkar, GDP, Logistics parks

AirAsia India to commence international operations by mid-2018

February 2017

AirAsia India is likely to commence international operations from the second half of the next calendar year, as it is expected to possess a fleet of ...

Air Asia India, Tata Son, Amar Abrol, Domestic budget airline, Makes sense

Escorts’ profits grow by 54.4percent at Rs 101 crore

February 2017

Escorts Limited has reported a profit of Rs 22.7 crore in the quarter ending December 31, 2016, up by 11.2 per cent as against a profit of Rs 20.4 cr...

Escorts Limited, EBIDTA, Rajan Nanda, Union Budget

NAREDCO hails the announcements of Union Budget 2017-18

February 2017

India’s leading apex body for real estate sector, National Real Estate Development Council (NAREDCO) has welcomed the provisions of the Finance Bill ...

NAREDCO, Housing Segment, Parveen Jain, Infrastructure, Real Estate Development, Completion Certificate, Notional Rental Income, PMAY, Metros, Union Budget 2017-18, Rajeev Talwar, Pension Funds

Overall, the Budget will contribute to the government’s ‘Make in India’ effort

February 2017

Granting infrastructure status to affordable Housing is an extremely positive step and it will act as a catalyst to meet the governments objective of...

Granting infrastructure, Rustomjee Group, Affordable Housing, Real estate, Infrastructure, Budget, Make in India

The Union Budget’s declaration of ‘100 per cent village electrification by May 2018’ will be beneficial to power distribution segment

February 2017

The Union Budget’s declaration of ‘100 per cent village electrification by May 2018’ will be beneficial to power distribution segment. Also, the pl...

Godrej Electricals, Electronics, George Menezes, Union Budget 2017-18, Power equipment, MSME

Changes in the taxation aspect of JDA will greatly encourage more land owners to partner with developers

February 2017

This has been one of the pathbreaking budgets with far-reaching changes especially for the real estate sector. It is positive that the real estate se...

Shishir Baijal, Knight Frank India, Pathbreaking budgets, PMAY, JDA

Budget is forward looking and growth-oriented

February 2017

Welcoming the Union Budget proposal for FY18, it is ‘forward looking’ and ‘growth-oriented’. The Finance Minister has ensured the affordable housing ...

Union Budget, Vineet Goyal, Kohinoor Development Corporation
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