1.Kolkata East West Metro corridor Phase-I inaugurated

Piyush Goyal dedicated various railway projects to the nation

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2.300 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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3.189.6 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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4.Mobile-based construction management solution

Digitising construction operations to help accelerate projects

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5.Integrated project controls solution

Brick and mortar now with “click and order”

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6.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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7.7,591.99 MW renewable energy commissioned in 2019-20

34,160 MW renewable energy capacity under implementation

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8.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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9.Medium to long term outlook positive; challenges in the immediate to short term

One of the biggest issues being faced by the construction industry was the availability of finance and liquidity

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10.Major port to come up at Vadhavan in Maharashtra

Cabinet gives in-principle approval for setting up the new port

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