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1.COVID-19 lockdown stalls construction activities

Homebuyers should expect project delays

2.Flyover under construction collapses in Karnataka’s Hassan

Six 50-ft-high concrete beams collapsed and broke into pieces.

3.GST rates cut on under-construction housing properties to 5%

GST for affordable housing projects cut down to 1%

4.GST revised to 5% for under construction housing, 1% for affordable housing

Industry experts share their views on the impact it will have on developers

5.Smooth Ride Ahead for Mumbai?

BMC to send 52 engineers to IIT-Bombay to rid Mumbai of potholes

6.Varanasi to have major infrastructure projects

Varanasi in Uttar Pradesh is undergoing a major overhaul in the area of transport infrastructure as seven highways projects and a multi-modal terminal on the Ganga River are under construction.

7.Will Embassy register the first real estate sector REIT in the country

Embassy Office Park Property has filed an application before the Securities and Exchange Board of India (SEBI) for an in-principle approval to register a real estate investment trust (REIT), as per a disclosure on the market regulator’s website. And, if approved, India will witness its first real estate sector listed REIT.

8.Solar industry at 23 GW, including under-construction projects

Eighth Intersolar India, India’s exhibition and conference for the solar industry was recently held in Mumbai. The positive development of the Indian solar market was noticeable at the exhibition.

9.Work to restart on COD railway bridge in Kanpur

Construction of incomplete COD railway over bridge in Kanpur would commence once again from December 25. The over bridge is under construction for the last four years. According to sources first of all diversion would be developed for passers by. Thereafter construction work would begin in main bridge.

10.The travails of motorists on Jaipur-Gurgoan highway

According to media reports and public complaints, the under construction flyovers on the 240 km Jaipur-Gurgoan highway have turned a nightmare to motorists. The highway has flyovers under construction every third km. NHAI charges around Re 1/km, about Rs 240 as toll. And this is going for the last so many years and the highway is getting worse, especially developing numerous potholes in this rainy season.

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