Goyal urges real estate sector to embrace eco-friendly practices

28 Nov 2024 CW Team

The Minister emphasised the use of modern construction practices, such as steel and precast fabrication, to reduce pollution levels and expedite project timelines. “Adopting these methods will allow developers to expedite capital turnover, grow their businesses more efficiently, satisfy clients better, and improve overall construction quality,” Goyal stated. He encouraged CREDAI members to see this initiative as a mission and report back to the government.

Goyal also highlighted the importance of affordable rental housing to curb slum expansion in urban areas and reiterated the government's commitment to rehabilitating slum dwellers into proper homes. “Making rental housing more accessible can help prevent further slum development,” he said.

The Minister urged developers to pursue net-zero projects and incorporate eco-friendly features like EV charging points, waste recycling systems, and comprehensive green amenities. He also stressed the need for greater formalisation within the real estate sector, calling for developers to provide social security, healthcare, and retirement benefits for their workers, with enrolment in ESIC and EPFO.

Noting the positive impact of the Real Estate (Regulation and Development) Act (RERA), Goyal said the law has helped remove unreliable developers and boosted consumer trust in timely property delivery. He underscored the Modi government’s efforts over the past decade to enhance the ease of doing business, strengthen bank balance sheets, and reduce NPAs. CREDAI, established in 1999, represents over 13,000 real estate members across India.

(Business Standard)

Union Minister Piyush Goyal, in response to growing pollution concerns in the national capital, called on real estate developers to implement environmentally sustainable construction methods. Speaking at the 25th foundation day of the Confederation of Real Estate Developers' Associations of India (CREDAI), Goyal proposed that the industry body form a team to assess the impact of construction activities on air quality in 20 major cities. The Minister emphasised the use of modern construction practices, such as steel and precast fabrication, to reduce pollution levels and expedite project timelines. “Adopting these methods will allow developers to expedite capital turnover, grow their businesses more efficiently, satisfy clients better, and improve overall construction quality,” Goyal stated. He encouraged CREDAI members to see this initiative as a mission and report back to the government. Goyal also highlighted the importance of affordable rental housing to curb slum expansion in urban areas and reiterated the government's commitment to rehabilitating slum dwellers into proper homes. “Making rental housing more accessible can help prevent further slum development,” he said. The Minister urged developers to pursue net-zero projects and incorporate eco-friendly features like EV charging points, waste recycling systems, and comprehensive green amenities. He also stressed the need for greater formalisation within the real estate sector, calling for developers to provide social security, healthcare, and retirement benefits for their workers, with enrolment in ESIC and EPFO. Noting the positive impact of the Real Estate (Regulation and Development) Act (RERA), Goyal said the law has helped remove unreliable developers and boosted consumer trust in timely property delivery. He underscored the Modi government’s efforts over the past decade to enhance the ease of doing business, strengthen bank balance sheets, and reduce NPAs. CREDAI, established in 1999, represents over 13,000 real estate members across India. (Business Standard)

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Infrastructure Energy

05 Nov 2025

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Infrastructure Urban

05 Nov 2025

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..