Real Estate

Affordable housing: Grappling with the challenge of accessibility

Despite being one of the largest and fastest-growing economies in the world, India is also home to one of the largest homeless populations in the world. According to the 2011 census, 1.77 million people are homeless in the country—of this, 127,809 are in the state of Maharashtra. It is safe to assume th..

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Equipment

Schwing Stetter MD: YoY demand for concrete equipment will be at 20-25%

VG Sakthi Kumar, Managing Director of Schwing Stetter (India), on the company’s strategy to stay afloat in this turbulent condition, and the segments that are driving the demand for concrete equipment in India. The market is going through a difficult phase due to the coronavirus pandemic. What is the scenario in the concrete equipment market? What is the current market size? The concrete e..

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Infrastructure Urban

Potential for ₹5-6 trillion assets to be monetised in the near term at central level

What is asset monetisation? It involves the creation of new sources of revenue by unlocking of value of hitherto unutilised or underutilised public assets, as per the Department of Investment and Public Asset Management. Internationally, it is recognised that public assets are a significant resource for all economies. Monetising these assets that government's control, including in public corpora..

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Real Estate

How housing sales saw a boost among stamp duty reduction and how luxury deals took the leap

India’s real estate was in a peculiar situation in the last fiscal. The COVID-19 pandemic had also led to a temporary halt in ongoing real estate projects. One would assume that the pandemic has bought about a standstill in buying of houses. However, on the contrary, with several companies declaring a work from home (WFH) situation, it has actually led to homebuyers buying their own space, ..

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Building Material

Opinion: Growth momentum in steel to continue into FY2022

Domestic steel demand witnessed a decline of 30 per cent on-year in the first half of FY2021 as end-user industries like building and construction, infrastructure and automotive, constituting around 80 per cent of domestic demand, came to a standstill during the pandemic-induced lockdown in the first quarter. This came on the heels of a weak fiscal 2020 when demand growth fell to less than 2 per c..

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Cement

Ambuja Cement, first to introduce green fuel on captive ships

Ambuja Cement has successfully completed sea trials of using soya extract-based biofuel in two of its cement carriers - Ambuja Mukund and Ambuja Vaibhav. This makes Ambuja Cement not just the first Indian company to move towards the decarbonisation of the country’s coastal shipping lines but also advancing its f..

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Infrastructure Urban

Empowering projects, finance can up Maharashtra’s GDP

Maharashtra is known as the growth corridor of India. It is the second most populous and third largest state by area in the country. With a population of about 112 million (equal to 12th most populous country), 52 million or about 46 per cent of the state’s population falls under the age group of Rs 1 lakh crore were registered during September 2020 and March 2021. Industrialisation: Maharash..

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ECONOMY & POLICY

Beating Covid-19

Coronavirus pandemic has created panic worldwide including India. As situation aggravates, Indian companies from across sectors are stepping up to support the nation in this critical time. Recently, the Reliance Foundation announced the scaling up of its operations to address the growing needs of Covid-19 management in Mumbai. In active cooperation with the Government of Maharashtra and Brihanm..

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Infrastructure Transport

Indian Government provides financial aid to Nepal for road construction project

The Indian Government has provided Nepal Rs.8 bn of grant assistance for strengthening road infrastructure in the Terai region in the country. The grant has been provided under a Memorandum of Understanding. The Terai Roads built with the grant assistance of India has been dedicated to Nepalese. The Nepalese Government, under the Memorandum of Understanding, has identified 10 priority roads t..

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POWER & NEW AND RENEWABLE ENERGY

Sanjay Sudhakaran, Managing Director and CEO, Schneider Electric Infrastructure (SEIL)

Sanjay Sudhakaran has been appointed as the Managing Director and CEO of Schneider Electric Infrastructure (SEIL) for a term of five years, starting May 1. In his earlier capacity, Sudhakaran served as the vice president of Schneider Electric Digital Energy division. He has been associated with the Schneider Group since 2019. Sudhakaran has 25 years of experience in multiple industries and cultura..

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Infrastructure Transport

Sanjay Kumar Singh, Project Manager, Afcons Infrastructure

Sanjay Kumar Singh, Project Manager, Afcons Infrastructure, Kanpur Metro, has been on the go in constructing the project. Its recent milestone: It placed the 400th U-girder (of the total 622) for constructing the 8.728-km Priority Corridor from IIT Kanpur to Motijheel. With this, the base of the metro track for 5 km (of the total length of 9 km) of the Priority Corridor has been completed so far. ..

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AVIATION & AIRPORTS

Sanjeev Kumar, Chairman, Airports Authority of India (AAI)

Sanjeev Kumar has taken charge as Chairman of the Airports Authority of India (AAI) under the Ministry of Civil Aviation. He is a 1993-batch IAS officer of Maharashtra cadre. He possesses wide experience of working in the fields of infrastructure and finance in the Government of India and Maharashtra Government. Prior to his current assignment, Kumar has worked in the Ministry of Housing & Urban P..

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