Top 5 Stories of the week - 16th July 2021 | Construction World

HERE ARE THE TOP 5 STORIES OF THE WEEK:

• ALPHA CORP TO COMPLETE THREE STALLED PROJECTS IN NCR AT RS.900 CRORE
Alpha Corp will invest around Rs.900 crore to complete three stalled projects of Earth Infrastructure, that are acquired by the process of insolvency. The three stalled projects include a developable and saleable area of about 4.5 million sq. ft, which are located in Gurugram and Greater Noida.

• GODREJ PROPERTIES TO INVEST ABOVE $1 BILLION IN COMING YEARS
Pirojsha Godrej, Executive Chairman, Godrej Properties Limited (GPL) told the media that the company aims to invest over $1 billion over the next couple of years to obtain and develop new projects as part of its plan to obtain higher growth.

• MODEL TENANCY ACT: KARNATAKA TO IMPLEMENT ACT SOON
On Tuesday, R Ashoka, Karnataka Revenue Minister, told the media that the state is planning to adopt the central government’s Model Tenancy Act, aiming to end the continuous tenant-owner conflicts besides strengthening the rental housing sector.

• CEMENT VOLUME REGISTERS 20% GROWTH RECOVERY IN JUNE: INDIA RATINGS
Ratings agency India Ratings, in a report, said with the gradual decrease in the Covid-19 curbs and pre-monsoon surge demand, cement volume noted an increase of about 20% in June.

• RLDA FLOATS TENDER TO LEASE VACANT LAND PARCEL IN GUWAHATI
The Rail Land Development Authority (RLDA) has floated a tender to lease vacant land parcel for residential-cum-commercial development at Ambari chowk in Guwahati. RLDA has over 100 commercial sites across India for leasing, and the eligible developers for every site will be selected through an open and transparent bidding process.