Best Stories

A Silent Revolution

The world is in the throes of the fourth industrial revolution, driven by the convergence of the physical and digital worlds(machine learning, robotics, artificial intelligence or AI, etc). While India still has to cover significant ground compared to the developed world, technology is now fundamentally changing the way its citizens live and work. In India, the construction industry is an importan..

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ROADS & HIGHWAYS

Expropriation in the Indian Infrastructure Sector

Photo: For representational purpose “Property and law are born together and die together. Before laws were made there was no property; take away law, and property ceases.” - Bentham For the Indian economy to retain its momentum, it is necessary to have infrastructure in place in terms of fundamental facilities and systems to serve the country. For this, state backing is required, whic..

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Best Stories

Facility managers poised for a clean sweep

Photo: For representational purpose The pandemic has had a mixed impact on the facility management (FM) industry. On the one hand, the sector has seen “a slight decrease in manpower requirements,” to quote Pradeep Lala, MD & CEO, Embassy Services. “During the initial complete lockdown we saw a dip in demand,” says Captain Rajesh Sharma, Managing Director, Integrated Facilities..

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Real Estate

Connecting Borders

The 189.6-km Goa-Karnataka border-Kundapur four-lane highway project has been recently commissioned by IRB Westcoast Tollway, the SPV of IRB Infrastructure Developers. Part of NH-17, the stretch is an important north-south highway link on the western coast of India. Built at Rs 34.47 billion (including viability gap funding of Rs 5.36 billion), the project has a concession life of 28 years. The c..

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Best Stories

Standing Tall

It’s a new record! Built by construction company Bouygues Bâtiment International,Clement Canopy, a pair of 140-mtowers made of prefabricated concrete modules, has set a new benchmark as the tallest modular building in the world. Previously, the title was held by 101 George Street, a 135-m tower built in Croydon, England, by Tide Construction. Notably, the first high-rise modular tower was built..

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Real Estate

Brookfield takes over Peninsula Land’s residential project Distress sale or strategic exit?

In a recent development, global alternative investment manager Brookfield Asset Management has taken over realty developer Peninsula Land’s equity stake in its premium project Salsette 27 in Mumbai’s Byculla locality. As stated in an exchange filing by Peninsula Land Management,this transaction has resulted in reduction of the company's debt obligations to Brookfield by Rs 5.39 billion. The fi..

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