CONSTRUCTION QUALITY
Haryana government’s policy on fourth floor to keep the realty price in check
The Haryana government's decision to allow construction of stilt plus four floors in residential sectors is set to boost housing demand in Gurgaon and curb soaring prices, experts say. The move, following a ban on fourth-floor construction last year, will provide opportunities for homebuyers and developers, leading to increased supply in high-demand areas like Gurgaon, benefiting both the real estate market and aspiring homeowners.
Tata Hitachi to invest Rs 200cr in FY'25, localisation remains top priority
Tata Hitachi Construction Machinery has announced a Rs 200 crore investment in its manufacturing plants to boost quality, innovation, and localisation. The company aims to increase localisation levels to 70% in 2-3 years. The company plans to produce 60-tonne dump trucks in India and introduce more models under the 'Atmanirbhar' policy. Managing Director Sandeep Singh highlighted the importance of localisation for cost control and expressed optimism for infrastructure development post-Union budget.
Prices of premium residential under-construction properties continue to rise in top cities
According to Savills India, prices of premium under-construction residential properties surged up to 53% in major cities like Gurugram, Delhi, Noida, Bengaluru, and Mumbai. Gurugram led with the highest increase. North Goa also saw a 28% rise in villa prices, driven by remote work trends and high rental yields.
Ayodhya administration forms committee to probe Ram Path cave-ins
The MP and Samajwadi Party members demand a swift completion of the investigation into the irregularities surrounding waterlogging and flooding issues. They emphasize the need for a detailed examination by the investigation committee.
Midcaps stocks for long term investors: 5 stocks from different sectors with right financial & growth matrix and upside potential of up to 49%
Buying quality stocks should be one of the basic principles while investing in markets. But when one is buying mid-cap stocks this principle becomes even more important for multiple reasons. At this point of time, when valuations are high and small corrections can lead to strong negative reactions in stock prices. So, while capital gains is the objective, never lose the perspective of protecting capital from sudden shocks. Now how does one do it? Look at the underlying business which is best understood by going through its annual report and look at a certain basic ratio in order to figure out how much return that underlying business can generate in best and worst case.
Under-construction bridge collapses in Bihar's Motihari, third one in less than a week
An under-construction small bridge collapsed in Ghorasahan block, East Champaran district, Bihar. No casualties. Departmental inquiry initiated. District Magistrate investigating locals' objections.
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Assam CM Himanta Biswa Sarma bats for starting Skill University Academic session from July 2025
Assam Chief Minister Himanta Biswa Sarma visited the construction sites of Assam Skill University, Mangaldai Bypass, and Darrang Medical College & Hospital. He expressed concern over the slow progress of the projects and directed authorities to expedite completion. The Mangaldai Bypass on NH15 will enhance road connectivity between West Bengal, Assam, and Arunachal Pradesh. The Assam Skill University aims to offer modern skill education, while the Darrang Medical College & Hospital will provide healthcare facilities and medical education.
Cleaning up Delhi's air requires uncomfortable decisions involving rich people: Sunita Narain
Cleaning Delhi’s air demands tough decisions, not just targeting farmers for stubble burning but addressing major urban sources like transport and industry, says environmentalist Sunita Narain. In a PTI interaction, Narain highlighted that despite governmental measures, erratic weather and insufficient action continue to worsen pollution. She urges aggressive steps, including bringing natural gas under GST to reduce reliance on coal and expanding public transport, essential for significant improvement in air quality.
Govt’s PMAY move to help boost affordable housing, drive economic growth
In the interim budget earlier this year, Finance minister Nirmala Sitharaman had announced support for the construction of an additional 2 crore homes in the next five years under the PMAY - Gramin (PMAY Rural). The PMAY budgetary allocation was also increased to Rs 80,671 crore for 2024-25 from Rs 79,590 crore in 2023-24.
Organised paints sector set to double production capacity by 2027
A study by CRISIL Ratings reveals that the organised paints sector's production capacity is set to double to 7.8 billion litre per annum by 2027 with investments of Rs 19,000 crore lined up from key industry players.
Ex-BCCI curator slams 'poor' drop-in pitches in NYC, says they should've been installed 3 months ago
Former BCCI chief curator Daljit Singh criticizes the 'poor quality' of drop-in pitches at the T20 World Cup games in New York, including India's matches, citing safety concerns and lack of preparation.
PropTech investment reaches $4.6 billion since last decade
PropTech firms have seen a significant growth in investment since FY 2011, with a total of $4.6 billion in the last 14 years. This growth is attributed to the transformative impact of technology on the real estate industry, driving efficiency and innovation. Despite global economic uncertainties, PropTech firms' funding experienced a marginal dip in FY 2024, with investments totaling $657 million, down from $683 million in FY 2023. The shared economy and construction technology segments have emerged as leaders in the PropTech space, with 55% and 23% of the overall private investments in FY 2024, respectively.
Father's day gifts under 1500
Father's Day is a great occasion to show your father how much you appreciate him. A great Father's Day gift suggestion is to give him something to make him smile. Many men appreciate physical gifts like tools, clothing, gardening supplies, and sports memorabilia. To simplify this tedious research, we have compiled a list of the best Father’s Day gifts under Rs. 1500 in this article below.
Army chief visits Thal Sena Bhawan construction site; complex to be completed by Jun 2025
Army Chief Gen Manoj Pande visited the Thal Sena Bhawan construction site at Delhi Cantonment, set to complete by June 2025. Initiated in March 2023, the project focuses on modern infrastructure and sustainability, featuring green initiatives like tree transplantation, compensatory planting, and eco-friendly materials. The complex aims to be net-zero with facilities for composting, sewage treatment, solar energy, and EV charging. Additionally, Gen Pande inaugurated a 400-bed state-of-the-art barrack completed in one year. The eight-storey HQ building aligns with the Central Vista redevelopment, costing approximately Rs 760 crore.
Election quality has a quantity of its own
The Lok Sabha elections in India, particularly Election 2024, saw a focus on quantity rather than quality. Candidates resorted to divisive issues instead of addressing citizens' needs. The democratic exercise appeared infantile, lacking in substantive discussions about governance and development in Viksit India.
Has India’s toy story started to falter?
After hitting a high of $177 million in the financial year 2022, India’s toy exports are seeing a fall. To add to the pain, imports are also rising.
10 Best Bed Tables under Rs. 300 to Unlock Productivity and Comfort
Explore this curated selection of the best bed tables under 300 rupees, offering a blend of affordability, functionality, and style. From foldable designs for easy storage to spacious surfaces accommodating laptops, books, and more, these tables cater to various needs. With features like built-in tablet/phone stands, cup holders, and non-slip designs, these tables prioritise convenience and comfort. Whether you are looking for a sleek modern design for working, studying, gaming, or enjoying a meal, this list has got you covered.
Election outcomes won't disrupt India's economic stability: Saurabh Mukherjea
There will probably be governance continuity as well, but almost certainly there will be policy continuity and hence, my point of view to the foreign investors is, beyond a point, you should not overemphasise the elections.
Large Indian banks are expected to improve their asset quality in the current fiscal: S&P
India's top banks are set for asset quality improvement in the fiscal year, driven by record profits, which will enhance their balance sheets and underwriting standards. Despite a rise in HDFC Bank's nonperforming loans post-merger, all major banks reported record profits. Retail loans drive growth amid moderating credit expansion expectations.
Credit costs expected to increase if RBI’s proposed norms for projects under construction implemented
There is a possibility that the implementation of this framework will overlap with the expected credit loss (ECL) framework that is required by RBI. The ECL framework requires banks to recognise losses on loans as soon as they are expected to occur, even if the borrower hasn’t actually defaulted.
2 sectoral bets from Ganeshram Jayaraman for next 2 years
This has led to a very positive capex cycle, likely to start private sector capex cycle. This very good profit growth also led to strong government capex because tax collections were buoyant. So, it was a very strong demand, supply, earnings and valuations cycle.
Mid & smallcap fund? Do we need a new category targeting both mid and smallcap stocks
Since the beginning of 2024 large and midcap category has seen inflows of Rs. 11,340 crores followed by multicap category at Rs. 10,004 Cr. and the flexi-cap category at Rs. 9,971 crore, higher than the inflows in largecap, midcap and smallcap categories respectively.
MahaRera brings in rules for retirement homes, senior citizen housing projects
The Maharashtra Real Estate Regulatory Authority (MahaRERA) introduces comprehensive guidelines for senior citizen housing projects, covering design, accessibility, mobility, kitchens, bathrooms, green principles, lifts, ramps, safety. Developers must certify compliance with standards, covering structural design, stability, testing, materials, workmanship.
Delhi's pollution worsens: This May is already more polluted than the previous 2 years
Pollution data indicates that the average Air Quality Index (AQI) from May 1-16, 2024, was 233. However, the average AQI during the same period was 182 in 2023 and 215 in 2022.
Expecting double digit disbursement and loan book growth this year: Tribhuwan Adhikari, LIC Housing Finance
I would expect this year that we would be showing a good disbursement growth in the double digits, as well as the loan book growth of double digit.
MahaRERA proposes self-declaration of project quality by realty developers
The Maharashtra Real Estate Regulatory Authority (MahaRERA) has proposed that realty developers provide an annual self-declaration on projects' quality assurance to ensure structural integrity, material quality, and workmanship standards. Initially optional, it will become mandatory. The move aims to enhance construction quality and protect homebuyers' interests, with a feedback deadline of May 23.
Banks' underwriting standards at risk amid rapid consumer loan growth, Fitch says
Fitch Ratings warns of potential challenges to Indian banks' consumer loan quality due to rapid growth and "untested risks." Concerns include lower transparency in retail underwriting data and reliance on unsecured credit for margin expansion. While RBI measures aim to mitigate risks, their long-term effectiveness remains uncertain.
DDA luxury flats scheme turns nightmare for buyers: Allottes complain about shocking construction quality, delayed possession
Allotees of DDA's luxury flat in Dwarka, Sector 19-B have raised concerns about construction quality issues such as uneven construction, rusting fittings. The DDA has also informed RERA about a potential completion extension to October 2024, causing financial strain and uncertainty among allottees, with questions arising about accountability in real estate ventures.
Road builders may be liable for 10 years
Under the EPC mode, the maintenance of highways is the responsibility of the central government after the defect-liability period is over. The contractor is responsible for maintenance during the defect-liability period. The ministry has earmarked Rs 2,600 crore for road maintenance in 2024-25, the same as the budgetary and revised estimates for 2023-24 but a tad higher than the Rs 2,573.66 crore spent in 2022-23.
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