Gold
Housing Sales Value Projected to Surpass Rs 4.5 Tn in 2023
50 per cent home buyers prefer larger homes
The skill shortage
At a time when employment in the construction sector is estimated to grow to 100 million by 2030, a shortage of skills threatens to thwart the construction industry’s upside. CW explores how that gap can be filled.
Construction, spanning real estate and infrastructure, is India’s second largest employer with a workforce of 71 million, according to Knight Frank India (KFI) and the Royal Institution of Chartered Surveyors’ (RICS) 2023 report, Skilled Employment in Construction Sector in India.
The National Skill Development..
Union Budget 2024-25: Opinions
Some key highlights related to cement and the building material Industry are:
# Government to launch a scheme to help deserving sections of the middle class living in rented houses or slums or chawls and unauthorised colonies to buy or build their own houses - Likely positive for cement and building material.
# Capex outlay for next year increased by 11.1 per cent to Rs 11.11 tn i.e. 3.4 per cent of GDP – Infrastructure development remains in focus.
# Three major economic railway corridor programmes will be implemented. These are
a) energy, mineral and cement c..
Residents Sceptical of Sahastradhara Road Widening
Residents in Dehradun have raised questions and expressed scepticism regarding the proposed widening project for Sahastradhara Road. The project, aimed at widening the road to accommodate increased traffic, has faced criticism and scrutiny from local residents concerned about its potential impact on the environment and surrounding areas.
The Sahastradhara Road widening project has sparked debate among residents, with some questioning the necessity and feasibility of the initiative. Critics argue that widening the road may lead to the loss of trees, green spaces, and heritage structures ..
Warburg Pincus Acquires Shriram Housing Finance
Warburg Pincus, a leading global private equity firm, has announced its acquisition of Shriram Housing Finance for an impressive sum of Rs 4,630 crore. This strategic move underscores Warburg Pincus' commitment to expanding its presence in the Indian financial sector and capitalizing on the growing demand for housing finance solutions in the country.
Shriram Housing Finance, a subsidiary of Shriram City Union Finance, has established itself as a key player in the affordable housing finance segment, catering to the needs of millions of aspiring homeowners across India. The acquisition b..
