Affordable Housing Supply Shrinks to 12% in H1 2025
India’s affordable housing sector is under mounting pressure as construction costs have surged 40 per cent in the last five years (2019–2024), according to the latest ANAROCK Research data. The steep rise has slashed the share of new affordable housing launches to just 12 per cent in H1 2025, down from 40 per cent in 2019, while sales share has plunged from 38 per cent to 18 per cent over the same period.Escalating Costs Driving the CrisisBetween October 2021 and October 2024, construction costs for Grade A residential projects in tier-1 cities rose from Rs 2,200/sq ft to Rs 2,800/sq ft ..
SPML Infra Wins Rs 10.73 Bn Water Supply Project in Indore under AMRUT 2.0
SPML Infra, a leading Indian water infrastructure development company, has secured a Rs 10.73 billion contract from the Indore Municipal Corporation for the augmentation of the city’s water supply system under the AMRUT 2.0 programme. The project also includes a 10-year Operation & Maintenance (O&M) contract, ensuring long-term sustainability and performance. The project aims to significantly upgrade Indore’s water infrastructure, providing reliable access to safe drinking water for over 2 million citizens.Key Scope of WorkIntake & Pumping: Construction of a 1,650 MLD raw ..
Bridgestone Named Exclusive Tyre Partner for Lamborghini Fenomeno
Bridgestone, a global leader in premium tyres and sustainable mobility solutions, has been appointed as the exclusive tyre partner for the limited-edition Lamborghini Fenomeno, the Italian marque’s most powerful and fastest supercar to date. Marking the 20th anniversary of Lamborghini’s first in-house designed model, only 29 units of the Fenomeno will be produced, each equipped with bespoke Bridgestone Potenza tyres. With a 1,080 CV V12 powertrain, the Fenomeno sets new records for Lamborghini, sprinting from 0–100 km/h in 2.4 seconds and 0–200 km/h in 6.7 seconds. To match this p..
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