Page 6 - Construction Sector
Statsguru: Decoding Indian economy's growth risks and muted outlook
The stress lies in the manufacturing and construction sectors, the biggest employers of semi-skilled labour
 "Statsguru: Decoding Indian economy's growth risks and muted outlook")
India's construction sector witnesses sharper decline in third quarter
Manufacturing saw contraction in the second and third quarters, against growth of just above 2 per cent in the first quarter
 "India's construction sector witnesses sharper decline in third quarter")
India Ratings revises outlook for construction sector to negative for FY21
The outlook revision follows significant risks emerging from the exposure of certain construction companies to the state governments of Andhra Pradesh, Telangana, Tamil Nadu
 "India Ratings revises outlook for construction sector to negative for FY21")
Housing sales decline 30% across 9 major cities in Q3 over poor demand
Sales in the residential property market fell 13 per cent to 2,63,294 units during the first nine months of this fiscal as against 228,220 units in the corresponding period of the previous year
 "Housing sales decline 30% across 9 major cities in Q3 over poor demand")
India's buildings sector to grow by 6.6% next year on fiscal support: Fitch
With funds more readily available, it expects a portion of stalled housing projects to resume construction, and this will feed into its forecasts for India's buildings sector growth in the short term.
 "India's buildings sector to grow by 6.6% next year on fiscal support: Fitch")
New project inflows for construction sector to improve in 2020: Icra
Assigning a stable outlook for the construction sector, Icra however said delays in land acquisition, funding issues, and state government priorities pose threat to new order inflows
To boost economy, PMO focuses on 'construction sector', creating jobs
The letter of PAMD says that all concerned ministries "shall issue instructions to respective government entities for taking necessary action on the issue expeditiously"
 "To boost economy, PMO focuses on 'construction sector', creating jobs")
Rural India can't recover until NBFCs do
An intricate web of links between rural incomes, construction activity and shadow banks are fuelling the economic slowdown
 "Rural India can't recover until NBFCs do")
Rs 25k-cr booster dose will revive stalled realty projects, say analysts
The Mumbai Metropolitan Region and the NCR are two of the worst-hit property markets in the country, with 95,000 and 195,000 stuck projects, respectively
 "Rs 25k-cr booster dose will revive stalled realty projects, say analysts")
More pain for Andhra Pradesh construction sector as sand shortage persists
With flooding of major rivers extending the shortage, the price of a truck-load of sand (10-12 tonnes) has risen to over Rs 50,000 in the black market
 "More pain for Andhra Pradesh construction sector as sand shortage persists")
Ind-Ra maintains stable outlook for construction sector on existing orders
Most construction companies are likely to experience healthy revenue growth and stable credit metrics over H2 FY20, underpinned by the strength of their existing order books, Ind -Ra said
 "Ind-Ra maintains stable outlook for construction sector on existing orders")
Funding constraints to slow pace of construction in FY20: CARE Ratings
Four out of the top 10 states are coastal states with more than two large ports being situated in each of them
 "Funding constraints to slow pace of construction in FY20: CARE Ratings")
ICICI bank and Union bank benefit from construction sector package
Gross non-performing loans of the sector stood at 12.2 per cent at the end of the first quarter of the financial year
 "ICICI bank and Union bank benefit from construction sector package")
Cabinet clears clutch of moves to revive construction sector
Measures have been approved to allow contractors to help quickly resolve disputes, pump in liquidity and deal with stressed assets
 "Cabinet clears clutch of moves to revive construction sector")
