1.India Jumps up 79 positions in World Bank Doing Business Rankings

India improves from 142 in 2014 to 63 in 2019 in World Bank's Doing Business Rankings

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2.Effective Noise Control

Noise control strategies simplified with new, comprehensive mapping software

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3.300 realty developers approach the Rs 125 bn AIF for financial support for projects

The government’s Rs 125 billion Alternate Investment Fund (AIF), which offers last-mile funding to stuck housing projects, has disbursed funds to two housing projects. And, it reportedly expects to fully deploy its money in two years.

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4.US$ 970 mn PE inflows in retail hit five-year high in 2019

Reports a 19% share of the total US$ 5 bn in overall Indian real estate

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5.189.6 km Goa-Karnataka border highway project commissioned

Built at Rs 34.47 billion by IRB Infra, the project has a concession life of 28 years

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6.Mobile-based construction management solution

Digitising construction operations to help accelerate projects

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7.AG&P, ADNOC L&S sign agreement for the long-term charter of a FSU

Atlantic Gulf & Pacific (AG&P), the global downstream gas and LNG logistics company, and ADNOC Logistics and Services (ADNOC L&S) have signed an agreement for the conversion, supply, operations and maintenance of a Floating Storage Unit (FSU) at AG&P’s new LNG import facility located within Karaikal Port in Puducherry, India

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8.Bidar airport developed at an estimated Rs 110 million

Post the successful commencement of flight operations from the Kalaburagi airport in Karnataka, Ministry of Civil Aviation (MoCA) recently flagged off the first direct flight from Bidar airport to Bengaluru in Karnataka

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9.Railways Capex for 2020-21 pegged at all time high

Target of new lines, gauge conversion and doubling/tripling for 2020-21 is 3,750 route km against 3,150 in 2019-20

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10.Builders in Gurugram may face penalty of up to Rs 3 billion

The Haryana Real Estate Regulatory Authority (HRERA) will reportedly impose a penalty of about Rs 3 billion to Gurugram developers. As reported, the authority has, in the last two years, received 9,496 complaints, of which 6,598 have been disposed off or resolved. It has also issued 509 penalty notices to builders who have defaulted in terms of complying with various provisions of the real estate law. HRERA has imposed penalty of about Rs 400 million on builders so far.

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