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1.DEDICATED ACHIEVER

India recently welcomed its deepest metro station! Under the strong leadership of Satya Narayan Kunwar, Deputy General Manager of Afcons Infrastructure and Project Manager of the Kolkata Metro project, the country’s deepest metro station at Howrah has been structurally completed in a record time of 17 months.


2.India’s first underwater train to soon be launched in Kolkata

India will soon have its first underwater train in Kolkata, as most of the work for the train project has been completed and the metro train services will start soon. The 16.6-km-long Kolkata East West Metro project, to be completed by 2021, will have the county's first underwater tunnel.


3.KMRC puts construction of corridor on hold, informs High Court

The Kolkata Metro Railway Corporation (KMRC) notified the Calcutta High Court that the construction it had undertaken on the East-West Metro corridor had been stopped due to the incident that took place where numerous houses in the central parts of the city were damaged during tunnel-boring work.


4.Pick-‘n’-carry: India’s highest selling crane

Innovations in the segment are strengthening the position of this unique product


5.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.


6.Massive developer consolidation in top nine cities

As a result, project share of the top 10 developers increases


7.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


8.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


9.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.


10.HOW SAFE ARE OUR BUILDINGS?

With countless buildings on the verge of collapse across the country, CW speaks to industry experts to find what it takes to keep our structures stronger, and safer.