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Interview of Architect P.R.S Sivakumar, Madurai
May 2017 , by in Interview Old

Please tell us a bit about your design philosophy? I do have strong design philosophies & beliefs. I always tell myself that architecture is not just another form of other arts. With other forms of art, after the art is completed, the “Patron” or the “Receiver” or the “Viewer” may... Read more...

Decoding The Indian Luxury Housing Story
May 2017 , by in EXPERT ZONE

Luxury housing in India is the proverbial sitting duck for target practice in the shooting gallery that is the Indian residential property sector. Market pundits and the media never get tired of taking potshots at it, and claiming that this segment has got run out - even though Indian luxury housing... Read more...

Moscow’s office vacancy rates at lowest point
May 2017 , by in INTERNATIONAL

According to JLL, office completions in Moscow in Q1 2017 dropped to 21,143 square meters, 63% down Year-over-year. The delivery of 63,000 square meters of future office space was postponed. Notwithstanding the delays, our 2017 completions forecast remains unchanged: the delivery of 542,000 sq. m... Read more...

Howrah railway station to set up rooftop solar power
May 2017 , by in ALLIED

Howrah railway station is set to go green with the installation of three megawatt rooftop solar panels on platform sheds. “We are executing a three megawatt rooftop solar project for eastern railway at a cost of Rs 21 crore which will probably be the largest rooftop solar project in the Indian Rai... Read more...

Steel exports up by 142 per cent
May 2017 , by in ALLIED

Steel exports saw a 142% jump in April to 0.747 million tonnes (MT) over the corresponding month a year-ago, amid steps to safeguard domestic industry. The government has provided extensive support to domestic steel industry by way of various trade remedial measures including anti-dumping. “Exp... Read more...

Higher rates of cement to hit construction
May 2017 , by in ALLIED

Cement prices are expected to go up marginally, as the GST Council has announced a tax rate of 28 per cent on the product. The cement industry says the rate is above what was expected, and the increase will most likely be passed on to consumers. “The industry would try to make use of this to... Read more...

Haryana govt come under flak
May 2017 , by in News/Views

The Centre is unhappy with the states, including BJP-ruled Haryana, over complaints from homebuyers that safeguards in a central law were diluted to favour real estate developers and for delaying notification of the rules. The government enacted last year the landmark law designed to protect mill... Read more...

Prices of flats may drop up by 5 per cent
May 2017 , by in News/Views

Housing price are likely to fall by up to 5% following the implementation of goods and services tax (GST) after the Centre and states decided to peg the levy at 12% on finished houses or apartments. After allowing for credit for taxes paid on inputs such as cement, steel, paints and other items, ... Read more...

Air India plans to raise money
May 2017 , by in News/Views

Government-run Air India plans to raise around Rs 80 crore through sale of its seven properties, including some land parcels, as a part of its asset monetisation plan. The national carrier has mandated the state-run auctioneer MSTC to put these properties under the hammer. "Air India proposes ... Read more...

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