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1.Infra slowly getting into action with Budget 2020: CW

Rs 1.70 tn is being allocated for transport infra in the Union Budget 2020-21


2.Budget 2020 will ensure an integrated development of both infra and realty sectors

The allocation of Rs 100 trillion for infrastructure development in the next five years is a move in the positive direction.


3.L&T Construction bags ‘significant’ category contracts for its various businesses

The construction arm of L&T has secured orders from various clients across numerous Indian states for its varied businesses.


4.L&T Construction bags contracts worth Rs 10 billion to Rs 25 billion

L&T’s construction arm has secured orders across various Indian states for its varied businesses.


5.$14 billion foreign PE flows to Indian real estate in five years

63 per cent in commercial real estate


6.RBI permitting banks to lend to InvITs positive

Now, with the availability of bank debt financing, InvIT issuances can further gain prominence, says ICRA


7.India welcomes investment from Saudi Arabia for infrastructure projects: PM Modi

As reported, Prime Minister Narendra Modi has stated that India is keen on promoting its cooperation with Saudi Arabia, with a major player being investments in the infrastructure sector. During his visit to the Middle Eastern country, Modi emphasised that the two nations were bringing their forces together in a bid to reduce inequality and boost sustainable development.


8.HCC completes first tunnel for Mumbai Metro-III project

The construction team built the 3.82-km tunnel in tough geological and urban conditions


9.States approach Centre to expedite projects around heritages sites

The governments of three states, namely Uttar Pradesh, Tamil Nadu and Bihar have asked the Centre to speed up the approval of new and old projects that have been dormant in terms of construction due to their proximity to heritage sites and structures.


10.Hyderabad to float third tranche of municipal bonds to fund construction projects

The Greater Hyderabad Municipal Corporation (GHMC) is set to float the third tranche of municipal bonds for Rs 3.05 billion on August 20


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