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1.Ground work on construction of new parliament building commences

The Government of India has commenced ground work for the construction of the new parliament building and central secretariat in Phase-1 of the project to redevelop New Delhi’s central vista. The Centre is expected to finalise the tender documents for all three projects in the next few days, following which the tenders will be floated for bidding

2.We have tendered out 3,800 projects worth Rs 1,380 billion

The Smart Cities Mission (SCM) is proving to be a gamechanger in Indian urban transformation. “This is a unique mission, working to rejuvenate the mind, body and soul of Indian cities!”

3.Will the Budget 2019 meet the real estate and constructions sector expectations?

With a target to make India the world’s third largest economy by 2030, the government has its mission set.

4.Need to mandate certifications and ratings in real estate

No certifications or ratings are available in India at present

5.Railway station redevelopment picks up speed: ICRA

IRSDC allocated planning and feasibility work for 39 stations to five CPSEs

6.Nellore railway station to get a world-class makeover

Worth Rs 1 billion, the station will implement green initiatives

7.Dharavi redevelopment project at standstill yet again

The company is reportedly planning to move the court as the Letter of Award

8.Imports of lower priced steel will have impact on cost and quality of steel

The domestic steel consumption growth is expected to grow by 7 per cent during this fiscal and the trend is likely to continue in the next financial year as well, says an ICRA report.

9.Indore has 29 projects in the DPR stage and 29 in the tendering stage

The vision of Indore Smart City is to promote mixed-land use in ABD, provide house and inclusiveness, create walkable localities, and preserve and develop open spaces.

10.Adani Infra and Seclink Group shortlisted for Dharavi redevelopment

The Dharavi Redevelopment Project is reportedly all set to take off as two companies have been shortlisted for the projects.

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