Does India have the 2nd largest road network in the world?
Here are some truths…Pratap Padode, President, FIRST Construction Council unravels some disturbing facts…
Recently there was a lot of chest thumping around India having the second longest road network in the world. Union Minister Nitin Gadkari informed the Lok Sabha that India had the second largest road network in the world, with about 63.32 lakh km of roads as of March 2019. I dug further and found an update from the Ministry of Road Transport & Highways that India has about 66.71 lakh km of road network, which is the second largest in the world. True. But the categories..
RAHSTA Expo 2024 launched
“The Ministry of Road Transport & Highways has constructed 12,349 km of national highways in 2023-24 - the second highest achievement! In 2020-21 a record 13,327 kms were constructed, the highest so far. The experience of a well-constructed road is no accident but a badly constructed one can cause many,” said Pratap Padode, Founder, FIRST Construction Council (FCC), at the launch of a road show - 14th Roads and Highways Sustainable Technologies and Advancement [RAHSTA] Expo, which will be held from 9-10 October 2024 at Jio Convention Ce..
RAHSTA to showcase cutting-edge road construction tech, says NCC Director
LIC Housing Finance net profit dips 9.14% in Q4 of FY24; Rs 10.8206 bn
LIC Housing Finance disclosed a 9.14 % decline in its net consolidated profit for the quarter ending March 31, 2024. Its profit after tax reached Rs 10.8206 billion in Q4 FY24, down from Rs 11.9088 billion in the corresponding period of the previous fiscal, as per the company's filing with BSE. The net consolidated total income for Q4 FY24 amounted to Rs 69.4861 billion, marking an 8.04% increase from Rs 64.3123 billion in the same quarter last year.
Tribhuwan Adhikari, MD & CEO said, "Our focus on reduction in NPA and control over cost of funds have enabled us to close the year with a..
Rs.50 Mn Budget No Guarantee for Luxury Housing in NCR
Despite a budget of ?50 million , luxury housing in the National Capital Region (NCR) may not be easily attainable as prices continue to soar to new highs. The real estate market in the NCR region is witnessing unprecedented price escalations, making luxury accommodations increasingly out of reach for many prospective buyers.
The surge in prices is attributed to various factors, including increasing land costs, construction expenses, and high demand for premium properties in prime locations. Developers are capitalising on the growing demand for luxury housing, leading to a significant u..