Category: CAPEx


Punjab cabinet approves new building rules

The Punjab Cabinet recently made amendments for easing building rules to give the further boost to the construction industry, while facilitating better urban planning and development in the state. The cabinet also approved the Punjab Urban Planning and Development Rules-2018, providing for purchasable unlimited floor area ratio (FAR) for group housing, commercial, public office, hotel […]

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China lay emphasis on the safety of high-rises

The Chinese Ministry of Public Security has issued a draft regulation on fire safety for high-rise buildings and for public consultation. According to the draft, Shopping malls are banned from setting up on the third basement or below in high-rise buildings, and entertainment places should not be established in the second basement or below. The […]

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DIFC aims to lease 90% of its property

Dubai International Financial Centre (DIFC), the emirate’s financial free zone, aims to lease 90% of units at its Dh1 Billion (US$272 million). Gate Avenue retail development before it opens in 2018, to avoid creating a ghost town, the official leading the project said. Gate Avenue is a retail podium linking together the numerous towers of […]

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UKs Hasting Piers crowned best new building by RIBA

Hastings Pier has been crowded with the UKs best new building. The building was constructed in 1872 but was ravaged by fire in 2010 and had to close two years earlier because of storm damage. Standing tall on the East Sussex coast and overlooking the English Channel, its resurrection has been described by judges as […]

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Tulip Infratech enters the infrastructure and construction sector

Tulip Infratech, a distinguished real estate company in India, is all set to enter countrys promising infrastructure and construction sector. Talking about the growth plans, Parveen Jain, Chairman & Managing Director, Tulip Infratech, said that Tulip enjoyed an enviable reputation for realty excellence of being in operation since 2005. With the governments focus on infrastructure […]

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Foster + Partners to erect Torontos tallest skyscraper

Foster + Partners has begun construction in Toronto’s business district, which is set to become the country’s tallest skyscraper at 306 metres. At 85 storey, it will be Canada’s tallest building and the second-tallest manmade structure after the CN Tower, a 553-metre communications and observation tower. The rectilinear design by British firm Foster + Partners […]

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India collaborates with Russia to construct nuclear plant

India is all set to collaborate with Russia to build the Rooppur Nuclear Power Plant in Bangladesh. This will be India’s first atomic energy venture abroad and first such collaboration on an atomic energy project in a third country. “We are collaborating with our Russian and Bangladeshi partners on establishing the Rooppur Nuclear Power Plant […]

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CCT purchases 46-storey tower in Singapore

Capital and Commercial trust (CCT) will buy a 46-storey office tower in Singapore’s financial district, for Asia Square Tower 2 for $2.1 billion. This is the second largest office building sale after the sale of 43-storey tower 1. The deal is undertaken by BlackRock Inc. Some of the tenants of CCT include Australia Bank and […]

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Austin’s one of a kind 685-foot residential tower, The Independent

Inspired by Austins bold and innovative spirit, The Independents tiers is an outward reflection of the vibrant lifestyle within the building and surrounding community. In a city currently having a tech resurgence with a number of entrepreneurs and startups calling Austin home, not to mention the new Google offices quickly moving in at the end […]

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