Construction

Construction workers: Rs 38,000 crore cess funds for welfare unused

Nearly Rs 40,000 crore lying unutilised with Construction workers welfare boards across the country

Home construction: Analysts bet on pipe makers; wary on tile, paint segment

The combined market size of the building material sector could touch Rs 2.7 trillion by FY26 from Rs 1.3 trillion in FY22

Amazon halts construction of its second headquarters in US to cut costs

As it cuts costs across the verticals amid the ongoing economic meltdown, Amazon has now halted construction of its second headquarters in the US

Nippon Paint to tap Rs 12,500-cr construction chemicals market division

Paint manufacturer Nippon Paint (India) Pvt Ltd would foray into the Rs 12,500 crore construction chemicals market as it eyes to expand the product portfolio, the company said on Saturday. With its entry into the construction chemicals division apart from the current paint and coatings product range, Nippon Paint would offer products and solutions under dry mix, repair and maintenance, construction chemicals and waterproofing categories. The products to be launched (in construction chemicals) would be focused on three segments -- during construction, post construction and taking up repair and maintenance. With this expansion, Nippon Paint said it also has plans to increase the dealer touch points by 50 per cent. Attributing to the increase in residential and commercial building constructions for its foray into the construction chemicals division, Nippon Paint said the growing trend of urbanisation was expected to drive this category. "Through this expansion strategy, Nippon Pai

Women in construction, real estate sector earn less than males: Report

Informal women workers in Indian construction and real estate sector earn 30-40 per cent less than male workers, according to a report that highlights about gender inequality in this sector. Consulting firm Primus Partners and World Trade Center on Monday released a report 'Pink Collar Skilling: Unleashing the Women's Power in the Real Estate Sector' stating that out of the total people employed in this industry only 12 per cent are women. "In the domestic construction and real estate sector, which employs 57 million workers, 50 million of the people employed are men, and only 7 million are women," the report said. Further, it added that the informal women workers engaged in construction in India earn 30-40 per cent less than their male counterparts. This highlights the "gender inequality prevalent in the construction and real estate sector in India," it observed. With a 34.5 per cent pay gap, the hourly wage of women in the construction industry is Rs 26.15, the report pointed ou

Experts point to old fault lines as Joshimath hits 'point of no return'

As the arguement over ecology versus development continues, experts believe halting construction now won't serve any purpose

India's cement industry continues to present a puzzle to investors

Given margin pressure and gradual demand revival, companies with strong balance sheet may gain in long run

MCD moves HC against Lokpal order for CBI probe against officials

The Municipal Corporation of Delhi (MCD) approached the Delhi High Court on Friday against an order of the Lokpal of India directing a CBI investigation against its officials on the basis of a complaint about alleged illegal and unauthorised constructions in the city. Justice Prathiba M Singh, while refusing to pass an interim order of stay "at this stage" deferred the hearing till January 5. She asked the counsel for the petitioner to serve a copy of the petition to the Lokpal in the meantime. Senior counsel Rajshekhar Rao, appearing for the municipal body, urged the court to stay further proceedings. The judge, however, said she will pass an order of stay if a case is made out against the MCD on the next date of hearing. Lokpal is consisting of three members with a retired high court... Once the Lokpal has considered the matter, there are some reasons. I have to hear them, said the court. List on January 5. Advance intimation be given to the respondent Lokpal, it ordered. Rao .

There's upside potential in Cement sector as prices rise across regions

Analysts expect H2 to be better and infra spending to be hiked in the Budget; benign energy prices and demand improvement are other triggers

Elan Group raises $60 mn from PAG for construction of realty projects

Realty firm Elan Group on Friday said it has raised USD 60 million from global investment firm PAG to fund construction of projects, reduce debt and expand business. The company has secured a second round of funding from PAG. In August this year, it had raised USD 50 million from PAG. The investment will be used towards growth capital to endorse existing debt and to scale up construction of its new luxury housing project -- "The Presidential", located in Sector 106 Gurugram. "This follow-on financing from PAG further strengthens the partnership between both firms and the team at Elan is geared up to put this capital to its most efficient use", said Sandeep Agarwal, CFO, Elan Group. Last month, Elan Group announced an investment of Rs 4,000 crore to develop its first housing project on Dwarka Expressway in Gurugram. In January, the group bought 40 acres of land in Gurugram from Indiabulls Real Estate Ltd (IBREL) for Rs 580 crore for the development of housing and commercial project

Green pathways present a $1.6-trn investment window: World Bank report

The report also suggests adopting climate-responsive cooling techniques in both private- and government-funded constructions

Construction tech key for India to achieve zero emissions by 2070: H S Puri

The minister notes that the built environment generates significant carbon emissions accounting for almost 39% of gross carbon emissions worldwide

Greenfield construction cost for developers up 5-7% in Q3 2022: Report

Labour cost increased 8-10% and reinforcement steel prices went up about 20%, says study scanning cities

Bharat Forge's subsidiary bags $155.5 mn order to export artillery guns

Bharat Forge has been consolidating its defence and aerospace business under Kalyani Strategic Systems with an aim to target export opportunities in the defence sector

Construction engineering firm JMC Projects bags orders worth Rs 2,277 crore

Engineering firm JMC Projects on Friday said it has bagged new orders worth Rs 2,277 crore. "JMC Projects (India) Limited (JMC), a leading civil engineering and EPC company, has secured new orders of Rs 2,277 crore," a company statement said. The orders include water projects in India worth Rs 1,497 crore, and B&F (building and factories) projects in the country worth Rs 780 crore. S K Tripathi (CEO & Managing Director) commented, "These new orders in the water business will help us to strengthen our leadership and capabilities in the water business. Our B&F business continues to diversify its clientele by adding reputed and marquee customers. These orders, along with the orders announced earlier during the year, gives us confidence to achieve the targeted growth going forward." JMC, a subsidiary of Kalpataru Power Transmission Ltd, is one of the leading engineering, procurement and construction (EPC) company in the country having over three decades of experience.

Air pollution: Delhi forms 586 teams to enforce ban on construction work

Delhi Environment Minister Gopal Rai on Sunday said the city government has set up 586 teams to ensure strict implementation of the ban on construction and demolition activities in the national capital in view of worsening air quality. Addressing a press conference, Rai said that as per experts, wind speed and direction would become unfavourable from November 1 and push the air quality index into the 'severe' category. Therefore, the Commission for Air Quality Management (CAQM) has directed the authorities in the NCR to implement curbs, including a ban on construction and demolition activities, under stage III of the Graded Response Action Plan, he said. "We have held a meeting with all construction agencies in the capital and government departments concerned, including the PWD, MCD, Railways, DDA and the Delhi Pollution Control Committee. We have decided to implement the ban on construction and demolition activities in the city," the minister said. The government has prepared a ..

Cement cos regain pricing power as demand improves from infra, construction

Cost pressures a concern, though, as crude, currency volatility remain

Air pollution: 491 construction, demolition sites in Delhi-NCR to be shut

The Commission for Air Quality Management (CAQM) said on Saturday it has issued directions for the closure of 491 construction and demolition sites, including 110 in Delhi, for flouting air pollution control norms. The CAQM has set up 40 flying squads to rigorously monitor enforcement and compliance of its directions to ameliorate the air quality of Delhi-NCR. These flying squads have inspected more than 8,580 construction and demolition sites till October 14. Closure directions have been issued to 491 defaulters -- 110 in Delhi, 118 in Haryana, 211 in Uttar Pradesh and 52 in Rajasthan -- a statement said. The flying squads have been conducting surprise inspections and field-level incognito checks at industrial units, construction and demolition sites, commercial and residential units, air pollution hotspots, etc. The CAQM also advised state implementing agencies, including state pollution control boards and the Delhi Pollution Control Committee, to ensure compliance and strict ...

China's real estate crisis: CCB to set up $4.2 bn fund to buy properties

The fund will "invest in existing assets" of real estate companies and renovate the properties into rental housing, the lender said in a statement to the Shanghai stock exchange Friday.

Casagrand forays into home building segment, plans 500 homes in 3 years

Realty firm Casagrand has unveiled an independent residential construction venture -- 'CASAGRAND PERCH', and announced plans to build 500 homes over the next three years under the new initiative. CASAGRAND Perch would be involved in designing of the residential units for customers who own a minimum of 1,500 sq ft land, while keeping in mind the concepts of light, ventilation, privacy and 'vaastu,' a company official said on Wednesday. "Through this venture, we will build an individual home by following the same standards of CASAGRAND. People usually reach out to unorganised players to build their homes and there are times when they are not satisfied with the outcome." CASAGRAND founder-managing director Arun Mn noted. "CASAGRAND Perch has been conceptualised as a venture that will professionally take care of the end-to-end requirements of home building.. at this moment, we will build houses in Chennai, Bengaluru and Coimbatore. We aim to build 500 houses under CASAGRAND Perch in 3 .