Sector 105 Property

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.

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.

Delhi’s fight with air pollution goes on amid several partially implemented measures to tame it. And, the neighbours are only making matters for the national capital. According to a study by The Energy and Resources Institute (TERI) and Automotive Research Institute of India (ARAI), 64 per cent of the city's air pollution is caused by external factors.

In order to provide relief to homebuyers and stop builders from using loopholes in the Real Estate (Regulation & Development) Act, 2016, efforts are being made by state authorities to provide more teeth to the law.

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.