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Lennar Corp.’s profit grows as home demand climbs
Lennar Corp., the third-largest U.S. homebuilder by revenue, reported higher fiscal third-quarter earnings as demand for new homes jumped. The Lennar Corp.’s earnings results are also sharply higher because of a tax benefit. Yet analysts are not too optimistic about the future of the company as they saw Lennar Corp.’s shares dropped.
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Newbury Racecourse sells land in £42m deal
Newbury Racecourse Plc has informed that it agreed to sell part of the land to David Wilson Homes, the property developer, who intends to build approximately 1,500 homes in the next 10 years.According to the deal, David Wilson will pay £42.6m for the land, with the proceeds funding new racecourse facilities as well.
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The Most expensive UK mansion on sale for £300m
A huge mansion, which is said to be most expensive in London, is for sale for the sum of £300 million. The Britain’s most expensive house, which is currently on sale, was the former residence of the Lebanese Prime Minister and Saudi crown prince. The house, 2-8a Rutland Gate with a view of Hyde Park, bullet-proof windows and an underground car park, is believed to be the most expensive one ever marketed in the Britain.
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Philippine Airlines signs $7b deal with Airbus
Philippine Airlines informed that it had signed a $7 billion contract to buy 54 Airbus jets as part of modernization program to meet higher demands for transporting both passengers and cargo in Asia, the Middle East and Australia. Moreover Philippine Airlines, the country's largest full-service carrier, announced that it planned to buy dozen more planes. Airbus won the $7 billion contract, beating Boeing Co. despite the U.S. support for Manila in a diplomatic dispute with the People’s Republic of China.
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Industries Working to Bolster Civil Engineering Jobs
In the United States, the heavy and civil engineering sector added 3,700 hundred jobs in October. Although that is 50 percent than what the sector created at the same time a year ago, the heavy and civil engineering sector is still doing much better than most other sectors, such as specialty trade contracting, which lost over 22,000 jobs.
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Global Construction Industry Will Remain Flat through 2012
The latest construction trade survey from the Construction Products Association in the United Kingdom reported that construction output to fall by1.1% in 2011 and 3.6% in 2012, with no return to growth until 2014. The reason for this is the drop in public sector investment spending, coupled with the inability of the private sector to pick up the slack. These numbers are particularly surprising as the country prepares for the 2012 Summer Olympics in London.
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Coromandel Engineering Company Ltd
Coromandel Engineering Company Ltd., established in 1947, is part of the $4 billion Murugappa Group. One of India’s oldest and most well-respected business houses, …
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Ahuja Group. Redefining Lifestyles.
Produced by Rachel Allen Started by Mr. Jagdish Ahuja over 25 years ago, Ahuja Constructions today is one of India’s leading building and construction …
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Kingdom Tower by Bin Laden Group will be the World’s Tallest Building
All set to overshadow Burj Khalifa, currently the world’s tallest building, Kingdom Tower will be built by the Bin Laden family in Jeddah, Saudi …
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Shapoorji Pallonji.
Delivering Global Icons Produced By Rachel Allen About a century and a half ago, a giant water reservoir was built on the famous Malabar …
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IL&FS Transportation Networks Limited
Company Profile of IL & FS Transportation Networks Limited Produced by Rachel Allen Building Better Networks IL&FS Transportation Networks Limited (ITNL), promoted in November …
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U.S Housing shows Recovery; New Home Sales rise by 11.1%
Following three straight months of declining new home sales, the American housing market displayed a small recovery in the month of March, with an …
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Swim in Bliss – 55 stories high! Marina Bay Sands’ Infinity Pool
One of Moshe Safdie’s “first principles” that form the basis of his design philosophy – “humanizing the megascale” takes on an entirely new dimension …
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Eco-friendly Fake Hills in Beihai, China: MAD Architects
This Chinese firm, with its “MAD”-ly distinct sustainable building designs has managed to carve a niche for itself for sure. MAD Architects’ under-construction Fake …
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Virtualising Mumbai. The Cybertecture Egg by James Law & Ove Arup
Think Mumbai; what’s the first few visuals that flash by ? “Super-populated”, “ridden with slums and poverty”, “people living and working in exceedingly tiny …
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Japan’s Construction Index surges on Reconstruction Demand Prospects
Kajima, Taisei see Record Highs Japan’s largest construction firm, Kajima, rose 22% to 259 yen, the biggest increase since Oct. 14, 2008, while the …
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Noah’s Ark Re-jigged
This giant floating steel-and-glass-vertical-doughnut hotel, claiming to offer a self-sustained environment, its lower half immersed in water and its upper half afloat, is nothing …
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Strabag
On its way to the top STRABAG is one of Europe’s leading construction groups. With approximately 75,500 employees, STRABAG posted an output volume of …
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California Desert Dreaming: Boom, much more than just a mirage
A community for gay retirees in the Californian desert, Boom is about “inclusion, not seclusion; … living, not retiring”. A $250 million project being financed …
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Housing Crisis? Prefabricated, Recycled Plastic could be the answer.
To alleviate the 80,000 units per annum estimated housing shortage in the U.K, the Royal Institution of Chartered Surveyors (RICS) has identified the return …
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Larger than Life: Antilla Mumbai – The World’s MOST Expensive Home
Antilla, the new home of the world’s 5th richest man, Mukesh Ambani, currently figures as the world’s most expensive home – in fact, the …
