In a regulatory filing the company said it has secured water projects in the country worth ₹1,451 crore.
“We are pleased with the new order wins in our water business. These orders will contribute significantly towards the growth of the water business and further widen our client portfolio.
“With these orders, our YTD FY22 order inflows have surpassed ₹6,000 crores with a strong growth over last year. The current order book along with above orders will help us to deliver consistent growth over the next few years,” S. K. Tripathi, CEO & Managing Director, said.
JMC Projects (India) Ltd, a subsidiary of Kalpataru Power Transmission Ltd, is one of the leading civil construction and infrastructure engineering, procurement and construction (EPC) companies in India having over three decades of experience.
Domestic steel giant Tata Steel expressed commitment to invest ₹3,000 crore in Jharkhand in the next three years to augment capacities. The commitment was made at the launch of Jharkhand Industrial and Investment Promotion Policy (JIIPP) 2021, launched by Chief Minister Hemant Soren.
The Jharkhand government aims to facilitate investment to the tune of ₹1 lakh crore in the state and generate 5 lakh jobs.
“Tata Steel plans to invest ₹3,000 crore in the next three years in Jharkhand with expansion of capacities of coal and iron ore mines and downstream value added steel portfolio,” Chanakya Choudhary, Vice President – Corporate Services, Tata Steel said.
The chief minister said that an upgraded industrial policy has been prepared and it is a matter of pride that Tata Steel has expressed willingness to invest in Jharkhand.
Uttar Pradesh Real Estate Regulatory Authority (RERA) has given another nine month extension to the registration of the projects whose unique registration or prolonged registration is ending on or earlier than December 31, 2021 within the NCR region and 6 months within the non-NCR area.
“The authority feels that granting some additional time for completion of the projects whose extension is lapsing on or before 31st December 2021, will facilitate the completion of so many projects leading to delivery of houses to the to a large number of waiting home buyers,” mentioned Rajesh Kumar Tyagi, Secretary, UP RERA.
Real estate sector will contribute 10% of the GDP by 2030, according to Union Housing and Urban Affairs Secretary, Durga Shanker Mishra. He was speaking on the launch of housing price index (HPI) in association with the industry body NAREDCO.
“The Housing Price Index jointly developed by the Indian School of Business and Housing.com has the potential to emerge as a good indicator of the country’s real-estate market health. The real-estate sector has been impacted due to the COVID-led slowdown and overall uncertainty. At this time, it is essential to track the growth via credible sources that will help authorities make quicker and informed decisions during such exogenous shocks,” said Mishra.
“Buyers as well as policymakers are mostly forced to rely on market anecdotes and guesswork about property price movements in Indian cities in the absence of quality high-frequency data, especially locality specific data. The entire idea behind the launch of the Housing HPI is to address this issue. Aside from benefitting buyers, investors and policymakers, data from our HPI will also be immensely valuable for real estate developers who are considering a new locality to launch new developments. For real estate builders, having access to information such as this has become more crucial than ever now, with the demand landscape rapidly evolving due to the emergence of the “work-from-home” concept in the wake of the COVID-19 pandemic,” said Dhruv Agarwala, Group CEO, housing.com.
“It has been a long hauling grind for the Indian Real Estate sector to undergo a system reboot on the back of various structural policies introduced recently. In the current pandemic, the sector witnessed an increased use of and reliance on technology. The transition in the Digital Era has been quite phenomenal,” said Niranjan Hiranandani, National President – NAREDCO; Founder & MD of Hiranandani Group.
Dr. N. Subramanian has a brilliant academic career, graduated in Civil Engineering from Madurai in 1972, completed Masters in Structural Engineering from College of Engineering, Guindy in 1974 with a PH.D. from IIT Madras. He is a former Alexander von Humboldt Post-Doctoral Fellow at the University of Berlin & München, is an award winning author of 25 books and a consultant with 45 years of experience as a mentor, researcher and entrepreneur.
The Awards Committee of the Association of Consulting Civil Engineers (India) has selected their editorial board member and their regular contributor, Dr. N. Subramanian to receive the Gourav Award for the year 2021, in recognition of his Significant Contributions to the Civil Engineering Consultancy profession.
The Award was bestowed in an online Award Ceremony. The Gourav Award is the highest award given by ACCE (I) and is limited to a maximum of 5 people/organizations for lifetime contributions in the field of Civil Engineering.
CE&CR’s esteemed Editorial Advisory Panel Member, Dr. Narayanan Subramanian has been awarded the prestigious 29th ACCE (I) Annual Awards – Gourav Awards 2021. We take immense pride to congratulate him on this lifetime achievement.
