News articles tagged Construction

Real estate employment skyrockets

Construction and real estate hiring in India surged 86% between March 2023 and 2024, with Delhi, Bangalore, and Mumbai leading the demand, according to Indeed.

Story Behind Jaypee's Failure

Jaypee Group's founder, Jaiprakash Gaur, transformed the construction industry but faced setbacks in real estate leading to over 20,000 dissatisfied home buyers struggling for their completed homes.

25,000 Home Buyers May Be Impacted as Supertech Declared Bankrupt

Supertech's bankruptcy declaration by NCLT may impact 25,000 home buyers, but the developer asserts that project operations will continue unaffected.

Maharashtra realtors to stop construction due to surge in raw material price

Maharashtra real estate developers plan to halt construction due to soaring raw material costs, urging government intervention and a six-month project deadline extension from MahaRERA.

BRERA penalises Green Vatika, Arunendra Developers & Shiba Welcome

BRERA has taken action against three developers for violating rules, freezing their accounts and banning the sale of residential units due to buyer complaints.

Gaurs Group to complete 10,964 pending Amrapali units at Rs 2,124 crore

Gaurs Group invests ₹2,123 crore in three stalled Amrapali projects, encompassing 10,900 apartments, marking a diversification into infrastructure.

A good news for Bangalore real estate

Bangalore's lakeside property construction gets green light for pre-2016 approved projects, boosting real estate market and sparking new development plans.

Unsold apartments in Mumbai are of 23 crore

Unsold luxury apartments in Mumbai reach 2,300 units, with prices ranging from Rs 10 crore to Rs 23 crore, as developers adjust to consumer demand.

R-Infra to produce 5 million tonnes cement annually

Reliance Infra plans to produce over 5 million tonnes of cement in Madhya Pradesh, expanding its presence in the cement manufacturing sector to bolster infrastructure services.

L&T bags Rs 1,337 cr deal from DLF

L&T secures a Rs 1,337 crore contract from DLF for 'The Crest,' a new residential project in Gurgaon, featuring 765 units with 250 already sold.

Amity University -RICS Jointly start first realty institute

Amity University and RICS School of Built Environment launched new real estate and construction courses. These programs aim to address the shortage of skilled professionals in the sector.

Panel advises single-window clearance for realty projects

Government panel recommends single-window clearance to expedite real estate projects, aiming to reduce delays and potentially stabilize property prices.

Construction Halted in Noida, After NGT Bans Groundwater- Use

NGT's groundwater ban for construction halts Noida, Greater Noida projects. Builders await clarification, while homebuyers worry about rising costs and project delays.

Realty projects, roads focus to help build-up for Unity Infraprojects

Unity Infraprojects, with a healthy order book and strong balance sheet, presents a good investment opportunity. The company is poised to unlock value from its 9 million sq ft real estate projects across India.

Builders Losing on Projects Due to Falling ROI

Mangalore real estate firms commit to booking prices despite rising costs and dipping ROI.

Buying an Under – Constructed Flat.

Many potential buyers are hesitant to invest in under-construction homes due to concerns about builders' reliability, despite lower prices and customization options.

Acron Infra Projects Constructing Residential Complex at Pune

Acron Infra Project is constructing a 2,800-apartment residential complex in Pune, focusing on affordability and eco-friendliness. The project, costing INR 800 crore, will be developed in six phases and offer modern amenities.

Formula One racing event to be held in Sports City, Greater Noida

India is gearing up to host its first Formula One Grand Prix, spearheaded by Jaiprakash Gaur, founder of Jaypee Group. The race will be held at a new "sports city" being developed near New Delhi.

Shapoorji Pallonji Group Lays Focus On Infrastructure

Shapoorji Pallonji Group aims to enhance ownership in infrastructure as it nears its 150th anniversary, emphasizing roads, ports, and power developments.

Sheth Developers concentrating again on Vivacity Mall

Sheth Developers pre-leased half of their upcoming 1 million sq ft 'Vivacity' mall in Thane, Mumbai, to retailers like Hypercity, Shopper's Stop, and Cinepolis, indicating a resurgence in commercial real estate demand.

Omaxe Is Likely to start AIIMS Project

Omaxe has announced a new Rs 64.8 crore project for AIIMS in Rishikesh, Uttarakhand, with plans for further expansion in the near future.

Sahara announces partners for residential projects

Sahara Prime City engages construction firms for residential projects within Sahara City Homes, part of its 217-township initiative across India. Initial development focuses on 102 cities, including Lucknow, Nagpur, and Indore.

AP grants Rs 121crore project to Maytas Infra

Andhra Pradesh government allocates Rs 121 crore to Maytas Infra for a road project, raising concerns due to the recent failed Satyam bid to acquire a stake in the company.

Real estate cos hope govt help will revive demand

Government stimulus and RBI measures aim to revive the struggling Indian real estate sector. Interest rate cuts and priority sector lending for housing are expected to boost demand and ease the liquidity crunch faced by developers.

Real Estate sector is in dire straits

The real estate sector faces a crisis due to tight liquidity and rising interest rates, impacting construction and employment. Industry leaders urge for policy changes to facilitate funding.