Wehouse, an India-based tech-powered construction aggregator platform, has raised $1m in its first funding round to expand across India.
China’s leading real estate developer Sunac China Holdings has stated that it did not pay a dollar-bond coupon before the end of deadline on 11 May 2022 and does not think to would be able to make payments on other notes as well.
The Philippines’ Department of Public Works and Highways (DPWH) has announced the construction of Ungka 2 Flyover and Iloilo River North Bank Road (Iloilo Sunset Boulevard).
TDK Corporation has decided to construct a new production building on the grounds of the Kitakami Factory of TDK Electronics Factories Corporation in Japan.
Kolo, an India-based home construction marketplace, has raised $4m in a seed funding round. Venture capital firm RTP Global and existing investor Better Capital participated in this round. The fresh injection of capital will be used to boost Kolo’s footprint, hire talent and expand its products. The firm experienced a 10X growth since its last fundraising and expanded to other cities of India including Delhi, Madhya Pradesh, and Rajasthan, reported Press Trust of India. The company was founded in 2020 by Jery Althaf, Pranav Garg, Aayush Sharda and Vivek Mittal. The start-up’s content community mobile app supports homeowners with home interior designs and get services of interior designers, architects, 3D and CAD experts, and other home construction workers such as painters. For professionals, the app helps them in creating a digital portfolio and sharing their work videos, photos and expertise with homeowners. Jery Althaf said, “Firstly, consumers want to be involved in their renovation projects given the amount of money they spend and since the decision has a lasting impact on how they live. Secondly, the influence of the media in driving transaction decisions.” Kolo raised $550K in a pre-seed funding round last September. This round was led by Better Capital and had seen participation from Singularity Ventures, and angel investors including Aldi Haryopratomo, Aakash from Jiva.ag, Sujayath from Shopup, Rajesh Sawhney from GSF, and Vir Kasyap from Babajobs, reported Inc42
China Evergrande has stated that construction of 562 projects has come back to normal levels, reported Global Times.
The National High-Speed Rail Corporation Limited (NHSRCL) of India has awarded a contract to L&T Construction to build 116km route of high-speed ballastless trackworks for the Mumbai-Ahmedabad High Speed Rail (MAHSR) project.
Grid scale energy solutions provider Energy Vault Holdings has announced the ground breaking of the first EVx facility in China.
India’s National Thermal Power Corporation (NTPC) has plans to construct three coal-fired power generation plants, reported Live Mint.
The Department of Public Works and Highways (DPWH) of the Philippines is building two infrastructure projects in Bislig City of Surigao del Sur.
National Highway Authority of India (NHAI) has announced its plan to build a road corridor for the northern Ring Road project in the Indian city of Jaipur.
South Korea has announced plans to construct its first floating airport in the southern city of Busan with an investment of $10.83bn (KRW13.7tn).
Construction work of the underground section of the first phase of the Agra Metro Corridor has begun in Uttar Pradesh, India.
China State Construction Engineering (CSCEC) has started construction work of a $112m office tower in Phnom Penh, Cambodia.
Hotpack Global has announced its plan to invest $98.01m (AED360m) in Malaysia over the next 10 years to build 10 biodegradable packaging plants in partnership with Free The Seed.
Hines, a US-based real estate company, and DNR Group, an India-based construction company, has launched DNR Nagavara, their second office development project together in the Indian city of Bengaluru.
The Department of Public Works and Highways (DPWH) of the Philippines has started the construction of a new three-story Institute of Islamic Studies (IIS) in the Diliman Campus of the University of the Philippines in Quezon City.
The Department of Public Works and Highways (DPWH) of the Philippines has started two bridge broadening projects in Barangay Villa Santiago, Aglipay, Quirino.
India’s Border Roads Organisation (BRO) will build the world’s highest tunnel at Shinku La Pass at 16,580 ft to link Himachal Pradesh to Ladakh.
India-based robotics company Addverb Technologies has announced plans to construct a robot manufacturing facility at Noida, in the Indian state of Uttar Pradesh following the recent injection of up to $132m from Reliance Industries Limited (RIL).