2022-09-10
ZippMat, a service platform for construction supply chain, has raised $10 million in an equity and debt round led by Matrix Partners India. ZippMat will utilise the latest funds to scale up its user base, digitise the supply chain, bring in product innovation, and expand its team from the current 25 people.
2022-09-09
Debt-ridden Future Retail Ltd has extended the lease on a commercial property owned by Bollywood actor Salman Khan on Linking Road in Mumbai’s Santacruz suburb at a rental of nearly Rs 90 lakh per month. Future Retail has renewed the lease for two years through its wholly-owned subsidiary TNSI Retail. The 30,000 sq ft space is spread over four floors. It houses the flagship store of Foodhall, the gourmet retail arm of Future Retail.
2022-09-09
The Chembur police have booked a builder for allegedly cheating a 61-year-old man who had a flat in a building that was redeveloped. According to the complainant, the builder carried out the redevelopment of their old building and handed over 35 flats to their original owners except the complainant. The builder allegedly sold the comaplainant's flat to a third party, causing him a loss of Rs 2 crore.
2022-09-09
WSB Real Estate Partners (formerly Walton Street India) and Blacksoil group announced raising Rs 500 crore so far in a debt fund to be deployed in the housing sector. The fund will focus on using structured debt to invest in residential real estate projects serving the mid-income/affordable housing segment across select tier-I cities and will look to partner with developers with a good track of execution and delivery.
2022-09-09
Managed office and coworking space provider Work Easy Space Solutions Private Limited (WorkEZ) will expand in the city by adding another 1.9 lakh square feet with a capacity of 4,000 seats. In the next five years the company is looking at leasing five to six million square feet of office space in different metros and tier 2 and 3 towns and cities.
2022-09-09
The UP government has approved a transit-oriented development (TOD) policy for areas within 1.5km radius of the rapid rail corridor - a move that aims to spur high-density urban clusters and will allow developers to apply for higher FAR (floor area ratio). According to the policy, TOD will be applicable within 500 metres on each side of intra-city transport projects such as the Metro, neo-metro and BRTS.
2022-09-09
The property tax department is all set to auction 6,925 open plots in Jaitala and Chinchbhavan under Laxmi Nagar zone for defaulting on property tax to the tune of Rs 37,40,95,526. Deputy municipal commissioner (revenue) Milind Meshram said around 75,596 plot owners across the city have been defaulting on property tax for years. The outstanding arrears from these open plot owners is around Rs 284 crore.
2022-09-09
Luxury villa rental startup StayVista has raised Rs 40 crore led by DSG Consumer Partners with participation from Capri Global and CA Holdings. Cofounder Amit Damani told that the startup was valued at Rs 220 crore after the funding round. The startup partners with luxury villa owners and provides them with manpower, operational expertise and marketing through its app and website.
2022-09-09
The Rail Land Development Authority (RLDA), a statutory authority of Indian Railways, has invited bids for leasing out a 29,065 sqm land parcel at Sirsa, Haryana, in the Bikaner division of railways for residential development (67% residential and 33% commercial). The proposed land parcel is located near the railway colony and will be leased out for 99 years. The reserve price of the land is approximately Rs 28.47 crore.
2022-09-08
State-owned companies of the Chinese northestern city of Shenyang bought China Evergrande Group's shareholding in Shengjing Bank in an auction for 7.3 billion yuan ($1.05 billion). In July, Evergrande, the world's most indebted property developer, said its unit, Evergrande Nanchang, had been ordered to pay an unamed guarantor 7.3 billion yuan for failing to honour debt obligations.
