After the first trial run that was conducted in April between Greater Noida Depot and Sector 147, the second set of runs began on July 25. The trial run is now being conducted between Noida Sector 83 and Greater Noida Metro Depot. The project being developed by the Noida Metro Rail Corporation (NMRC) at an estimated cost of Rs 5,503 crore, is expected to become operational in December this year.

According to a joint study by Housing.com and Makaan.com, Mumbai and Gurgaon homebuyers have the highest budget for property purchase when compared to other top real estate markets in the country.

Making quick changes in supply of homes (something that a great deal of time, money and resources to get built) as soon as the demand changes is no child’s play. However, some cities are doing better than others, data show.

Though over two years have passed since the Real Estate (Regulation & Development) Act, 2016, has been enacted, the market is still recovering from the side-effects of consumer-friendly law. But, the top brands in the sector have gained the most since the law came into effect, says a report.

India’s construction sector has several challenges. There are no standards in the industry and there is a deficiency of project management expertise, which results in project delays and cost overruns. The software used are expensive and require advanced hardware. Unfortunately, despite the benefits of BIM, some mavens in the industry are clinging to the old ways of working.