Realtors rally around big builders to start stalled projects

big builders to start stalled projects
In the backdrop of a severe cash crunch, property developers in the Delhi-NCR region are increasingly partnering with big builders from the country's South and West to restart their stalled projects. In the emerging scenario, financially strong firms like Prestige Group, Godrej Properties and Kalpataru Group have entered into joint ventures and development management agreements in the country's largest property market by volume. A joint venture or development management agreement puts a large developer in the driver's seat as the new entrant gains control of the new entity. Additionally, the established developer's track record and ability to maintain cash flows help and bolster the pace of project execution and marketing. Local developers are unable to develop on their own and are under threat of being taken to the NCLT as buyers prefer corporate developers with better track record. Southern developers, who have better finances, are able to get good projects with lower risks as the local partner takes care of the permissions, said Mudassir Zaidii, executive director (North) of real estate consultant Knight Frank India.

Leverage technology to cut construction equipment cost: Gadkari

The Union road transport minister, Nitin Gadkari called upon private players in the construction industry to focus on mechanization, adoption of advanced technologies and global best practices, usage of LNG and bio-fuels Read More ...

Kone & BEML showcase newest innovations at EXCON 2019 in Bengaluru

KONE, the manufacturer of world class elevators and escalators, is showcasing its innovations in AI and IoT at the on-going construction equipment trade fair, EXCON 2019, in Bengaluru. At the Artificial Intelligence pavilion Read More ...

KNR Constructions cracks ₹920-cr road contract

Adding to its project portfolio in the country's road sector, KNR Constructions in a recently statement announced that KNR Palani Infra has signed concession agreement with National Highway Authority of India for ₹920 crore Read More ...

SPML Infra secures ₹218-cr water treatment orders

Country's leading infrastructure building player, SPML Infra has recently secured project contracts worth ₹218.18 crore. The two orders are for wastewater treatment projects in Uttar Pradesh and Haryana from Uttar Pradesh Jal Nigam Read More ...

Noida Metro wins CII IGBC MRTS Platinum Rating

The Noida Metro Aqua Line which connects the twin cities of Noida and Greater Noida has achieved the CII IGBC MRTS 'Platinum Rating' for an energy-efficient and sustainable metro system. In the 4th national conference on Green Metro Read More ...

Centre takes up ₹17,000-cr sub-urban rail in Karnataka

In order to kick-start the much delayed ₹17,000 crore suburban rail project in Bengaluru, the Centre has recently sought all the details including land and funds required from state government, said official sources, claiming that Read More ...

UP targets 25 big-ticket infra projects across state

The state government in Uttar Pradesh has identified 25 big ticket projects to be implemented on priority in the next five years and to achieve this, it has set up a five-member Project Monitoring Group spearheaded by the chief secretary Read More ...

L&T Construction wins multiple contracts across segment

L&T Construction, the wholly owned arm of Larsen and Toubro, has recently secured multiple contracts both within and outside the country across segments. The company secured additional orders in ongoing projects in the Middle East Read More ...

UP speeds up ₹14,000-cr Bundelkhand e-way corridor

The state government is set to start construction of the 296 km long Bundelkhand Expressway on December 16, when the PM will lay the foundation stone. The ₹14,000 crore mega expressway will crisscross the most backward areas Read More ...

NHAI kick-starts ₹6,371-cr highway widening in Chennai

National Highways Authority of India (NHAI) has started the ground work for widening of the Chennai-Trichy national highway between Tambaram and Tindivanam at a cost of ₹6,371 crore. A six-lane elevated corridor is being developed Read More ...

UP approves ₹2,682-cr metro extension in Noida

The UP government has cleared 15 km extension of metro line connecting Noida and Greater Noida. The ₹2,682 crore project will have nine stations between Gaur City and Noida Extension, said Industrial Development Minister Read More ...

KEC International lowest bidder for metro contract

KEC International has emerged as the lowest bidder (L1) for Phase IV of the metro rail project of the DMRC for which KEC International quoted ₹1,080 crore as against the estimated value of ₹1,030 crore. This is the second high-value Read More ...

AP fast tracks ₹8,300-cr Vishakhapatnam metro rail

According to the AP state’s minister for municipal administration and urban development Botcha Satyanarayana, the Visakhapatnam Metro Rail Project has been fast tracked and is being built in three phases during which work on corridors Read More ...

Railway launches ₹50 Lakh-cr rail infra upgrades

The Indian Railways has targeted to invest ₹50 lakh crore in the next five years and the key mission included development of railway stations and upgrade related rail infrastructure. The investment is being mobilized from various Read More ...

NHSRCL preparing DPR for six high speed rail corridors

The Union government has tasked the National High Speed Rail Corporation Ltd (NHSRCL) to prepare DPRs for six high-speed corridors to be built across the country. Of these, two are in Maharashtra including a 753-km-long Mumbai Read More ...

NHIDCL ropes in Spanish firm for tunneling in J&K

The National Highways and Infrastructure Development Corporation has engaged a Spanish Consultancy firm and an Indian private consultant to prepare a report for the construction of a tunnel on Mughal Road that connects Kashmir with Read More ...
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New Building Material & Construction World
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Modern Green Structures & Architecture
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Lifting & Specialized Transport
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Indian Infrastructure & Tenders Week

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