Geneva emerges as world’s most expensive city for construction

03 May 2021 CW Team

Switzerland’s Geneva has emerged as the world’s most expensive city for construction, according to a report by Netherland’s based consultancy firm Arcadis.

The report stated that Geneva is the most expensive city for construction. A year back, London topped the list of most expensive cities in the world for construction. Others on the list are Europe, Copenhagen, Denmark, Oslo in Norway, and Switzerland's Zurich.

Due to the reason European cities occupy the top five positions this year, the American cities are facing a decline in the value of the dollar.

According to most of the reports, interestingly the prices have not fallen despite the pandemic. The report says, "In the past years when the demand for construction was low, the prices were sharply fallen. Even due to the decline of the economy in the last year, the construction prices didn't fall.

In 2020, New York was in the second position, now it has fallen to the sixth position, and San Francisco from sixth to seventh. Hong Kong in the eighth position, Dublin, Ireland in ninth, and Macau in China receiving the tenth position. The most expensive cities of Australia were Auckland, Christchurch, and Sydney. The Middle East's expensive city was Riyadh which is in 40th position, South Africa's most expensive city is Johannesburg, ranked 92th in total.

The reports also say that the construction business was the best among all during the Covid-19 pandemic. It has also said that the positive outlook of constructions in the year 2021 is underpinned by a large number of public investments. The government sees that the contribution of construction towards the country's economy is greater by providing jobs and creating a support system in the domestic industry.

Image Source

Infrastructure Urban

17 Sep 2025

DCPC Prepares for Special Campaign 5.0 with Focus on E-Waste

The Department of Chemicals and Petrochemicals (DCPC), Ministry of Chemicals and Fertilisers, is gearing up for Special Campaign 5.0, to be held from 2nd to 31st October 2025. The initiative will focus on e-waste disposal as per MoEFCC’s E-Waste Management Rules 2022, space optimisation, and enhancing workplace efficiency across field offices.Special Campaign 4.0, conducted between October 2023 and October 2024, delivered notable results in record management, grievance redressal, scrap disposal, and cleanliness drives.Key outcomes of Special Campaign 4.0Records management: 2,443 physical fil..

BlackRock India Leases 1.4 Lakh Sq Ft in Bengaluru

BlackRock Services India, the domestic arm of global asset manager BlackRock, has leased 1.4 lakh sq ft of office space at IndiQube Symphony in Bengaluru, according to Propstack data. The 10-year deal is valued at around Rs 4.10 billion.The lease, among the largest transactions in India’s co-working sector, highlights the growing preference of global institutions for flexible office providers. The agreement, commencing October 1, 2025, covers ground plus five floors in KNG Tower 1 at Ashoknagar, MG Road — one of Bengaluru’s prime commercial hubs.As per the lease document, BlackRock will ..

L&T Bags Rs 25–50 Bn Order for Mumbai-Ahmedabad Bullet Train Track Works

Larsen & Toubro’s (L&T) Transportation Infrastructure business has secured an order valued between Rs 25 crore and Rs 50 billion from the National High Speed Rail Corporation Limited (NHSRCL) for the Mumbai-Ahmedabad High Speed Rail (MAHSR) corridor.The contract, Package T1, involves the design, supply, construction, testing, and commissioning of 156 route km of high-speed ballastless track on a Design-Build Lump Sum Price basis. The stretch runs from Mumbai’s Bandra-Kurla Complex to Zaroli village in Gujarat and includes 21 km of underground track and 135 km of elevated viaduct.Se..