27 May 2020

Editor's Space

Metro boom



Metros are not just efficient transportation devices but also a means of fostering social discourse and cohesion. With over 326 km that have been made operational in the last five years, and 373 km in the pipeline, the metro — part of what is known as Mass Rapid Transport System that aims to provide urban commuters an alternative to private transportation — is changing the face of tier-1 and tier-2 cities across the country. Already, lakhs of people use the metro in 10 cities, including Lucknow, Delhi and Kochi. At least ` 40,509 crore will be spent to build metro lines in first-time cities such as Nagpur, where recently, a memorandum of understanding was signed to make broad gauge railway lines metro-ready.



Growth in the construction industry, stringent labour laws and government regulations, and strict adherence to human safety concerns are some of the factors driving the growth of the global AWP market. These factors are expected to influence and upsurge the demand for AWP over the forecast period. Furthermore, simple and attractive equipment financing options and a diversified product portfolio offered by manufacturers while meeting the customised demands of AWP buyers is expected to play a crucial role in global AWP market growth. Further, a rising demand for AWP from the telecommunication and electrical lines maintenance business vertical is another factor fuelling the growth of the global AWP market through 2026.



This month we also take a look at what’s cooking up on the Bulk material handling equipment sector and the new age concepts driving architecture design in green buildings. Also, we have caught up with the real estate experts to gauge their opinion after the GST Council slashed tax rates on under-construction housing properties to 5 per cent without input tax credit from the existing 12 per cent.



Lastly, don’t forget to read about Vrindavan Township under Realty Biz as we take you through the township nestled near Nagpur which is an ardent example of a mixture of mythological and modern world.



With a lot happening and set to happen, this month is full of reading material and we are certain that you will have a wonderful read!

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