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Office space offtake all set to surge
Bengaluru and Hyderabad are expected to maintain their dominance in the upcoming supply of office space, accounting for nearly half of the total supply in the top seven cities.of new office space is expected to be built by 2025, surpassing the 142 million sq."The average annual office supply increased by a robust 17%, and the average building size increased by a significant 18% over the three-year period from 2020 to 2022.ft.ft.

🇮🇳 India · 🗓️ October 19, 2023 · Construction

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Revenue for domestic construction equipment sector likely to grow 14-15 pc in FY24: Crisil Ratings
The increased pace of road construction, which accounts for 40 per cent of the demand for construction equipment, augurs well for the sector's growth.The revenue for the domestic construction equipment sector is expected to grow by 14-15 per cent in FY24 on the back of the government's focus on infrastructure, Crisil Ratings said on Friday."Revenue for the domestic construction equipment sector is likely to grow 14-15 per cent this fiscal on a high base of 29 per cent in the previous fiscal.Earthmoving equipment accounted for 70 per cent of sales volume last fiscal, material handling and concrete equipment 22 per cent, while material processing equipment comprised the rest, the report said.In volume terms, the sector is projected to achieve all-time high sales of 1.

🇮🇳 India · 🗓️ October 18, 2023 · Construction

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Office space offtake all set to surge
Bengaluru and Hyderabad are expected to maintain their dominance in the upcoming supply of office space, accounting for nearly half of the total supply in the top seven cities.of new office space is expected to be built by 2025, surpassing the 142 million sq."The average annual office supply increased by a robust 17%, and the average building size increased by a significant 18% over the three-year period from 2020 to 2022.ft.ft.

🇮🇳 India · 🗓️ October 18, 2023 · Construction

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Maruti leases 270,000 sq ft at Tag Avenue in Gurgaon
The quarterly activity was driven by fresh leases, with a share of 59%.Noida, on the other hand, contributed 24% to the leasing activity, with Noida Expressway and Noida City 2 being the prominent submarkets.However, Q3-2023 gross leasing volume was in line with the quarterly average of the past 8 quarters, broadly suggesting sustained demand in the region.Maruti Suzuki, the largest passenger car maker in India, has leased 270,000 sq ft of Tag Avenue, a commercial building in Gurgaon, two persons aware of the development said.is establishing a project with an investment of Rs 18,000 crore, and Suzuki Motorcycle India Pvt.

🇮🇳 India · 🗓️ October 18, 2023 · Construction

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Work completes on first mountain tunnel of Mumbai-Ahmedabad rail project
The tunnel is located approx.Further, the tunnel construction comprises various elements, including the tunnel itself, the tunnel portal, and other connected structures such as the tunnel entry hood.National High-Speed Rail Corporation (NHSRCL) has successfully completed the work on the first mountain tunnel for the Mumbai-Ahmedabad High-Speed Rail (MAHSR) corridor project.NHSRCL has reached a major milestone by completing work on the first tunnel in under ten months.The MAHSR corridor project is intended to feature seven mountain tunnels, all of which will be constructed utilising the innovative New Austrian Tunnelling Method (NATM).

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🇮🇳 India · 🗓️ October 08, 2023 · Construction

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