CREDAI
The Confederation of Real Estate Developers Associations of India (CREDAI) Kochi chapter urged the government to intervene and control the sudden spurt in the prices of construction materials including cement, steel and aggregates. The builders are in deep distress and will be forced to increase the cost by ₹1000 per sq feet. President, Ravi Jacob, informed that the rate of cement has doubled during the past one year and steel prices have gone up from ₹47 per kg to ₹90 per kg. The recent Supreme Court order on the minimum distance of stone quarries from residential areas will again lead to an acute shortage of aggregates. The construction sector is showing signs of revival after the lockdown but the unabated price increase will bring the construction sector to a standstill and will affect the consumers adversely.

The South Indian Cement Manufacturers Association (SICMA) informed that the shortage of coal has led to an increase in production cost and the price of cement may go up by a minimum of ₹60 per bag. The last few months have witnessed an unprecedented increase in the cost of imported coal and the substitute pet coke is simply not available. Due to a shortage of vessels, even high priced coal is not available.
Water treatment solutions provider, Va Tech Wabag, has bagged a USD 100 million contract from Green EPC for a desalination project in Dubai

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The Delhi Development Authority has unveiled the Budget Estimates for the next fiscal (FY2022-23) with an annual outlay of ₹7,933 crore and receipts

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KEC International, a global infrastructure EPC major, has secured new orders worth ₹1,112 crores in its various business segments

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Dalmia Cement (Bharat) Limited, a leading Indian cement major and a subsidiary of Dalmia Bharat Limited, has announced the commencement of

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Ahmedabad Urban Development Authority has planned to build urban infra projects worth ₹1,900 crore largely related to water supply, drainage

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RITES Limited, a leading Transport Infrastructure Consultancy and Engineering company, and the Indian Institute of Technology, Roorkee, have entered

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The Delhi Government has planned to build 30 to 35 floors twin towers at ITO at an estimated cost of ₹1,910 crore. The new buildings will be constructed

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The construction sector is expected to grow in double digits at 10.7 percent in FY22 in a recovery from a contraction of 8.6 percent last year, aided by

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Karnataka Government has approved 87 industrial projects worth ₹4,236.26 crore thereby opening up huge job generation avenues to the locals

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IRB Infrastructure Developers’ wholly-owned arm Meerut Budaun Expressway Private Limited has executed a concession agreement with the Uttar Pradesh

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KEC International Ltd has secured new orders worth ₹1,025 crores across various businesses including an order for infra works in the Metals &

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Dilip Buildcon has secured ₹2,683.02 crore project from Coal India’s wholly-owned subsidiary, South Eastern Coalfield Limited (SECL) in Madhya Pradesh. Dilip Buildcon has already received an LOA for OB removal

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Prime Minister laid the foundation stones of multiple projects from road infrastructure, urban development, housing and drinking water supply worth

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Haryana Government has planned to launch a 1,000 acres Global City project in Gurgaon and the tendering process for the project is set to start

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The Prime Minister has launched 17 infrastructure projects of over ₹14,100 crore covering sectors like road, housing, health infrastructure, industry

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The consumer supply-chain firm Steller Value Solutions is setting up 200 integrated logistics parks in 50-million sq ft space across 21 major cities

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GHMC is building signal-free highways to tackle traffic woes across the city, informed Mayor Gadwal Vijayalaxmi. Under the SRDP program, the civic body is undertaking developmental works to the tune of ₹8,000 crore, of which ₹2,000 crore

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Prestige Group has signed a civil contract worth ₹1,560 crore with Larsen and Toubro (L&T), for construction of buildings and infrastructure development at the Prestige City, Bengaluru. The scope of work includes construction

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Century Plyboards (India) has decided to set up a new integrated wood panel manufacturing plant at YSR Kadapa district in Andhra Pradesh involving an investment of ₹1,600 crore, Chairman, Sajjan Bhajanka informed that

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The Ministry of Road Transport and Highways of India (MoRTH) has planned to invest a whopping sum worth ₹7 trillion on infrastructure projects in the next 2-3 years. The investment opportunities are across multiple asset classes such

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