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1.Housing Sales-to-Supply Ratio Rises to 1.36

Amidst controlled new housing launches, the residential sales-to-supply ratio has improved to 1.36 currently, as against 0.63 in 2014, reveals the FICCI-ANAROCK report Indian Housing Sector: Disrupted, Transformed & Recovering released at the 14th Annual FICCI Real Estate Summit 2020 on September 18, 2020. The improvement in this critical ratio is indicative of sustained future growth for the housing sector.

2.India’s first private jet terminal inaugurated

India’s first and exclusive terminal for private jets at Delhi’s Indira Gandhi International airport on 17 September 2020.

3.CBRE provides services across 100 cities

CBRE India’s Government Practice - a dedicated vertical for undertaking government and public sector mandates, recently crossed the coveted milestone of providing services across 100 top cities in the country.

4.Centre to invest in 7 new bullet train corridors

The Centre is planning to invest Rs 10 trillion in seven new bullet train projects.

5.Rethink Clash Detection – Standardise and Automate

Next generation softwares not only identify clashes but help in addressing the constructibility issues, writes Nidhi S.

6.CWAB 2020: Building Stars since 15 years!

Recognising 43 winners from the architecture and building fraternity...

7.CWAB 2020: Building Stars since 15 years!

The 15th CONSTRUCTION WORLD Architect & Builder Awards recognises 43 winners from the Architects & Builders fraternity organised by FIRST Construction Council.

8.Definitive Agreements have been signed for the integration of Volvo Buses India business into VECV.

Agreements have been signed for the integration of Volvo Buses India business into VECV. They will cover the manufacture, assembly, distribution, and sale of the Volvo Buses in India, and other rights forming part of the business. Consequently, the bus manufacturing facility at Hosakote, Bengaluru, and all employees of Volvo Bus India (VBI) will be transferred to VECV. Volvo Bus India is currently a division of Volvo Group India (VGIPL).

9.Mega Opportunities coming along Samruddhi Mahamarg

Almost 40% work of the project has been successfully completed until July.

10.Domestic road transportation: Outlook negative

Sector expected to contract by 18-20% in FY2021 due to pandemic-induced challenges.

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