The construction sector is likely to witness further squeeze in order inflow in 2012 as corporates defer capex plan due to higher interest rates and slow economic growth, rating agency Fitch has said. construction firms order books showed 15-20 per cent growth in FY’11.
Anish Sanghvi, Associate Director, and Divya Kumar, Manager, PricewaterhouseCoopers examine the implications of the Budget on the real-estate and construction sectors. I must be cruel only to be kind”; a quote from Hamlet, Act 3, Scene 4, by William Shakespeare.
The road construction sector in India has picked up in 2012 after a slowdown in road projects last year. National Highway Authority of India (NHAI) has awarded about 4,375 kilometers of roads in the first nine months of 2012.
Hectic doesn't even begin to describe her schedule - it takes months of follow-up to secure an interview with Sonia Sethi. We conduct half the interview in her office, the other half in the car en route to Mantralaya, where she's headed for a meeting. Elegant, candid and articulate, the joint managing director of MSRDC provides leadership to the corporation in terms of its vision, takes policy decisions,
Will 2013 see renewed acceleration in projects becoming available for bidding? Will projects stuck in the web of permission get the green signal? Will the RBI finally reduce interest rates? Will the UPA government continue its drive towards policy reform? Let us first look at the reasons why 2013 can be a better year than 2012. We have P Chidambaram in the finance ministry, quite determined to reduce fiscal deficit.
The quarter ending September 2011, which also happened to be lean for construction activity, witnessed modest topline growth, but net profit took a severe beating amidst rising costs and hard-to-come new projects, according to Nitin Madkaikar, Economist, FIRST Infocentre.
India's real estate players are hoping that the Union Finance Minister's budget provisions, to be announced on February 28, will bring down the costs of finance for the construction sector, which they insist will play a major role in offering lower rates for their product.