China Q1 property investment rises 9.1% y/y
By: Kevin Yao | Yawen Chen BEIJING: Real estate investment in China rose 9.1 percent in the first quarter from a year earlier, official data showed, as the pace of… Read more »
Monthly Archives: April 2017
No more flashy buildings! Oil blues force Saudis to scrap half-done plans
RIYADH: Saudi Arabia’s government is ordering its ministries and agencies to review billions of dollars’ worth of unfinished infrastructure and economic development projects with a view to shelving or restructuring… Read more »
L&T arm gets job orders worth Rs 2,694 crore
NEW DELHI (INDIA): The construction arm of infrastructure major Larsen and Toubro (L&T) has bagged orders worth Rs 2,694 crore across various business segments, according to a filing by the… Read more »
Telangana realtors want steep cement price hike rolled back
HYDERABAD (INDIA): The Confederation of Real Estate Developers’ Associations of India (CREDAI) along with other industry bodies today asked cement companies to roll back the steep 60 per cent price… Read more »
US homebuilder sentiment slips, but overall outlook positive
U.S. homebuilders are feeling slightly less optimistic about their sales prospects, even as their overall outlook remains favorable. The National Association of Home Builders/Wells Fargo builder sentiment index released Monday… Read more »
China plans 2 million new units of public housing for 2017: Xinhua
By: Engen Than SHANGHAI: China plans to build two million units of public rental housing this year to provide affordable homes for low-income groups, the official Xinhua news agency said… Read more »
Delhites least inclined to buy property: Report
NEW DELHI (INDIA): Consumers in Delhi have the lowest propensity to buy properties, while sentiment in Mumbai is highly positive, according to a study. TRA Research s Buying Propensity Index… Read more »
NBCC in pact with Poland’s Bolix for energy solutions
NEW DELHI (INDIA): The state-owned construction firm National Buildings Construction Corporation (NBCC) India on Monday signed an agreement with Poland’s Bolix to import a building solution technology that could save… Read more »
Yamuna Expressway authority directs Jaypee group to pay Rs 600 crore by August
NEW DELHI (INDIA): The Yamuna Expressway Industrial Development Authority (YEIDA) has asked Jaypee group to pay the outstanding Rs 600 crore by August against 1,000 hectare land parcel allotted to… Read more »
RBI allows banks to invest up to 10% of REITs’, InvITs’ capital
MUMBAI (INDIA): In a move to boost spending on infrastructure, the RBI on Tuesday allowed banks to invest up to 10 per cent of the unit capital of single Real… Read more »