HUDA policy for extension in construction time
Chandigarh: The Haryana Urban Development Authority (HUDA) today modified and finalized the policy for grant of extension in time for construction on Institutional sites and grant of extension fee.
As per the existing policy for sites for social, charitable trusts,… Continue reading
Construction sector among biggest contributors to Delhi’s GDP
New Delhi: The construction sector has contributed over Rs 30,000 crore to Delhi’s GDP of 3.13 lakh crore in 2011-12, retaining its position as one of the major driving forces of the city’s economy.
The sector added Rs 30,042 crore… Continue reading
Gurgaon starts demolition drive against unauthorised construction
Gurgaon: At least 195 structures were demolished in Gurgaon as part of the anti-encroachment drive undertaken by district administration and Town and Country Planning department.
The drive started on Monday, on the directions of Deputy Commissioner P C Meena, and… Continue reading
Construction in Greater Noida may take another month to resume
New Delhi: Members of the NCR Planning Board (NCRPB) on Thursday said they had sent revised proposals for the Greater Noida Master Plan to the new Uttar Pradesh government and a final decision on pending construction projects would be taken… Continue reading
Resident moves court for stay on Metro construction
are inadequate, Andheri-resident Monica Matani has moved the Bombay High Court to stay further construction and quash the No-Objection Certificate (NOC) granted by the Brihanmumbai Municipal Corporation
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Sahara launches construction JV with Turner
Mumbai: Privately held conglomerate Sahara India and U.S.-based Turner Construction Co have formed a construction joint venture that plans to build projects worth $25 billion over 20 years in India, the companies said on Thursday.
Sahara, with assets of $26… Continue reading
Reliance Industries, Indiabulls construction projects under scanner for green norms violation
Mumbai: The State Expert Appraisal Committee (SEAC) has picked on two major construction projects for carrying out work without obtaining environment clearance (EC).
The projects include the commercial tower-cum-parking lot that is being jointly developed by Reliance Industries and Wadhwa… Continue reading
DLF to outsource large portion of construction work to L&T, Shapoorji Pallonji
NEW DELHI: India’s biggest builder DLF has decided to outsource a large portion of its construction work to companies such as L&T and Shapoorji Pallonji instead of doing it on its own, a top company executive said.
“We are concentrating… Continue reading
Construction sector to see squeeze in order flow: Fitch
New Delhi: The construction sector is likely to witness further squeeze in order inflow in 2012 as corporates defer capex plan due to higher interest rates and slow economic growth, rating agency Fitch has said.
“Construction firms’ order books showed… Continue reading
Decision to levy service tax on flat, shop construction upheld
Mumbai: In a decision that might have an impact on realty prices in the metropolis and nearby areas, the Bombay High Court has upheld the decision of the Union Government to levy service tax on construction of flats and shops.… Continue reading