Construction Philosophy - August 2022

In this issue

COVER STORY:
FIFA .Tech Challenge.
Articles:
Value Engineering in Construction Projects.
Digital Technology and its Relevance in Design.

Infra assets worth over Rs 1.62 trillion to be monetised this fiscal

Infrastructure assets worth over Rs 1.62 lakh crore are expected to be monetised during the current fiscal, the Government has informed Parliament.

1 min

GST on rental income takes effect

Under the new goods and services tax (GST) rules, which came into effect on July 18, a tax of 18 per cent is now applicable to residential property rent.

2 mins

HDFC seals a $ 1.1 billion social loan for affordable housing

Mortgage lender HDFC Limited has announced the completion of a $1.1 billion Syndicated Social Loan Facility for financing affordable housing in the country.

1 min

Maharashtra Govt. to speed up major infra projects

Maharashtra Deputy Chief Minister Devendra Fadnavis has assured Japan's Consul General in Mumbai Fukahori Yasukata that infrastructure projects like the Mumbai-Ahmedabad bullet train, which has been funded by the Japan International Cooperation Agency (JICA), would be speeded so that there would not be any time and cost overrun.

1 min

Railways' electrification plans on track, says Minister

The Indian Railways' ambitious plan to electrify its entire network by 2023-24 is on track.

1 min

Kerala local bodies to levy 1% cess on private buildings

The Kerala government has initiated steps to collect 1% of the construction cost of private buildings as cess through local bodies.

1 min

Sharp rise in toll collections through FASTags

Toll collection through FASTags went up by nearly 67% to Rs 38,084 crore in FY22.

1 min

Railways floats fresh tender for 200 next generation Vande Bharat trains

The Railways is hoping to ramp up production of Vande Bharat trains by the end of 2022 as part of the government's ambitious plans to expand and accelerate connectivity across the country.

1 min

FIFA TECH CHALLENGE

Arab Engineering Bureau, which was tasked to design the 40,000-capacity Al Thumama Stadium for the FIFA World Cup, came up with a design that ensures safe vacation of the spectators within 90 minutes and their evacuation within eight minutes in case of emergency.

3 mins

TOUGH YEAR AHEAD

Cement companies in the country would have the lowest operating margins in the last seven years in FY2023.

2 mins

VALUE ENGINEERING IN CONSTRUCTION PROJECTS

During the World War II, the Allied Nations passed an Ordinance reserving the use of materials such as Nickel, Chromium, Molybdenum etc., for the purposes defence manufacturing alone.

4 mins

World's largest floating solar power project to come up in MP

What is billed to be the world's largest floating solar project is set to be built on the River Narmada at an estimated cost of Rs. 3,500 crore.

3 mins

26 Green Expressways in next three years: Gadkari

The government will be building 26 green expressways in the country in the next three years and India's road infrastructure will be as good as that in the United States by 2024, Minister for Road Transport and Highways Nitin Gadkari has informed the Rajya Sabha.

1 min

New Pamban Bridge set for commissioning in March 2023

As many as 65 out of the 99 girders of the new Pamban Bridge, connecting Pamban to Rameswaram, being constructed by the Indian Railways have been launched, taking the ambitious project closer to timely commissioning.

1 min

MoEF grants eco clearance for Ganga Expressway

The 594-km long Ganga Expressway has received environmental clearance from the Ministry of Environment, Forest and Climate Change (MoEFCC). The project is estimated to cost Rs 36,230-crore.

1 min

Anirban Gupta joins Colliers as MD, Kolkata

Leading diversified real estate professional services and investment management firm Colliers has appointed Anirban Gupta as the Managing Director of Kolkata to drive the organization's growth in East India.

2 mins

CASE Construction Equipment appoints Sunil Puri as MD, India & SAARC Operations

CASE Construction Equipment India Ltd, a brand of CNH Industrial has appointed Mr. Sunil Puri as Managing Director, India.

1 min

Massive housing shortage across the U.S.

America has fallen 3.8 million homes short of meeting housing needs, which includes both rental housing and homes meant for ownership.

1 min

Rate hike to further slow housing market

Fourth consecutive BoA is threatening rate increase by to drive up cost of borrowings and result in a sharp slump in the housing market.

2 mins

Real Estate Crisis Goes Out of Control

Home sales in China have collapsed by nearly 60% compared to a year ago, and the current constant decline of sales (11 months) is pegged to be the worst in Chinese history.

3 mins

Office leasing rose 3-fold across India in June 2022 quarter

A good 60% of the homebuyers in the country say that faced many challenges while acquiring property and as much as 40% of them also encountered issues after getting possession of their homes, according to a new survey.

1 min

DIGITAL TECHNOLOGY AND ITS RELEVANCE IN DESIGN

With the complexity of designs that we witness worldwide today, a digital uprising is very critical.

3 mins

ALSTONE ALCOMB

ALSTONE India Launches Futuristic and Revolutionary

1 min

Span Floors launches 'Serene Summer'

Span Floors, a leading brand of wooden flooring in India, has introduced a new collection of summer flooring called the Serene Summer.

1 min

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Construction Philosophy Magazine Description:

Construction Philosophy is one-of-its-kind magazine that enables the readers to connect with the most vibrant practices in the construction industry. We are committed to bring to the fore the cutting edge technology that the readers aspire for and the associated companies look to provide.