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1.NHSRCL floats third tender for bullet train project

National High Speed Rail Corporation (NHSRCL) has floated the third tender for the government's ambitious Mumbai-Ahmedabad bullet train project, with the invitation of bids for construction of civil and building works between Vadodara and Ahmedabad.


2.SMART PROJECTS

The upcoming Smart Urbanation by Smart Cities Council India, scheduled to be held in Bengaluru on September 24-25, will recognise and award highest citizen benefitting projects in the country. CW presents select best entries in various categories.


3.Proposal approved for 11 subways in Ahmedabad

The work on gauge conversion along the Ahmedabad-Botad route is on. Ahmedabad will get 11 new underpasses at railway crossings between Sabarmati and Sarkhej.


4.Logistics leasing crossed 13 mn sq ft in H1 2019; records 31per cent growth YoY

Logistics leasing in the country has recorded a growth of 31 per cent on a yearly basis, crossing 13 million sq ft, as per a CBRE South Asia report titled ‘India Industrial and Logistics Market View, H1 2019’. Mumbai, Chennai and Bengaluru accounted for more than 60 per cent of the leasing activity


5.Adani Airports to invest 100 billion in airport business post bidding win

The frontrunner of Adani Group, Adani Enterprises (AEL), has committed a hefty investment of Rs 100 billion in the airport business through its subsidiary Adani Airports by 2026.


6.Our entry into the affordable housing segment has been a major factor

Brigade is one of India’s leading developers with over three decades of experience in building positive experiences for all its stakeholders.


7.India’s 12 cities have over 20 lakh vacant homes lying around

Mumbai alone has about 5 lakh vacant houses, followed by Delhi and Bengaluru at 3 lakh, Pune and Ahmedabad at 2 lakh, Jaipur at 1.2 lakh, Hyderabad at 1 lakh, Kolkata at 80,000, Bhopal and Gurugram at 75,000, Lucknow at 65,000 and Ghaziabad at 55,000, as per the Knight Frank report.


8.Demand for housing to rise due to additional tax sops in the Budget

Housing sales fell 11 per cent in April-June 2019-20 across nine major cities to nearly 72,000 units


9.Spurt in demand for affordable housing pushes up overall residential sales

Residential unit launches in H1 2019 increased by 21 per cent YoY to 0.11 mn units while sales grew by a steady 4 per cent YoY to 0.13 mn units. The residential market witnessed growth in supply as well as sales for the third consecutive half year period, both hitting their highest level since demonetisation during H2 2016


10.Warehouse space leasing grows by 77 per cent YoY in 2018

Warehousing space requirement for manufacturing sector expected to be 68 million sq m in 2019; estimated to reach 86 million sq m by 2024.