With the Government rolling out Rs 2 lakh crore worth of infrastructure projects and a vision to provide housing for all by 2022, opportunities are on the rise for vendors, suppliers and manufacturers of construction machinery, equipment and building materials.
The Union Budget for the current fiscal year has been announced! Also reflected in the Budget is a number of changes in indirect taxes. CW highlights the vital changes and its impact on the construction, real estate and infrastructure sectors.
International Copper Association India (ICA India) along with The Institution of Engineers (India) West Bengal State Centre recently conducted an ´All India Seminar on Electrical Safety´ with an objective to enhance electrical safety environment in India.
K Raheja Corp is on the Working Mothers Media – Top 100 companies list – making it a proud moment for a company that is in a traditionally male-dominated industry of real estate. Competing with the best Indian corporate for a national ranking and global recognition on gender equality, the company’s women-friendly work culture made the cut over its peers.
Despite the variations in investment quantum across cities, there are some common threads which run through most of the Smart City plans. The most important one is around financing. Even after considering Government of India and counterpart funding from the state governments as well as the municipality, for most cities there exists a financing gap of at least 20 per cent of the total investment plan, which would need to be met through private participation.
Affordable housing is a priority for this government and it was expected to get an infrastructure status. With the infra status, developers can access foreign funds at a cheaper cost by way of debt and will be a priority lending for banks as well. This should result into a progress in the said sector. Fine prints shall provide higher clarity.
The budget reaffirms continued focus on Infrastructure and programmes such as Smart City mission, AMRUT, NMCG, the Regional Connectivity Scheme (UDAAN) etc. as can be seen by increased outlay by 20% from the previous year. The key takeaway form this budget is the thrust on social and rural infrastructure including health, education, housing, agri-value chain and penetration of digital infrastructure.