2022-08-17
The proposed investments from ASL and HCARE-3 will be Rs 300 crore and Rs 600 crore respectively in the platform.The fund will be utilised for acquisition of new projects for residential developments in the cities of Ahmedabad, Bengaluru, Pune and Mumbai Metropolitan Region (MMR).The platform will create overall revenue potential of Rs 4,000-5,000 crore, excluding reinvestment potential.
2022-08-17
The Punjab Cabinet gave nod to revise rates of sand to Rs 9 per cubic feet and also fixed the maximum retail price of gravel at Rs 20 per cubic feet by amending the state's mining policy. The Cabinet also approved a new policy for crusher units and decided to impose an environment charge of Rs 1 per cubic feet on output material, which will fetch Rs 225 crore to the state exchequer.
2022-08-17
Emaar Properties said it was buying out its joint venture partner in a Dubai real estate development, in a 7.5 billion dirham ($2 billion) deal that will see Dubai's ruler become the developer's second-largest shareholder. Dubai's Emaar, the emirate's top developer, said in a statement it had reached a deal with Dubai Holding, Sheikh Mohammed bin Rashid Al Maktoum's investment vehicle, to buy its stake in their Dubai Creek Harbour joint venture.
2022-08-16
AHMEDABAD: Reeling under tremendous financial stress, three civic authorities Ahmedabad Municipal Corporation, Ahmedabad Urban Development Authority (Auda) and Gandhinagar Urban Development Authority (Guda) are now planning to raise funds from sale of its land pockets. The three civic authorities will sell a total of 23 plots totalling 1.38 lakh square metres. Authorities are expecting to raise Rs 1,000 crore through this land sale.
2022-08-16
Solid waste management is a major challenge faced by the state, the Kerala government is all set to launch an elaborate system to recover and recycle the mounting construction and demolition (C & D) waste which is largely dumped in water bodies and public places nowadays. State Local Self Government Department (LSGD) Minister M V Govindan said it would be a significant step in terms of achieving the government's objective of making the state waste-free.
2022-08-16
The Phoenix Mills, India’s largest retail-led mixed-use asset developer and operator, has reported consolidated net profit of Rs 718.7 crore for the quarter ended June against loss of Rs 26.2 crore a year ago. Income from operations for the quarter rose 181% from a year ago to Rs 574.4 crore, while operating profit witnessed 324% jump to Rs 322.9 crore.
2022-08-16
Citicorp Services India, part of Citigroup’s India franchise, has entered into an agreement to renew its lease of over 160,000 sq ft office space at Nirlon Knowledge Park in Mumbai’s Goregaon suburb. The company has renewed the lease for the office space spread over six floors for a term of five years with a lock-in until September 2024.
2022-08-16
The 15-metre limit would apply to buildings without stilts, while buildings with stilts can be as tall as 17.5 metre, and any building above 17.5 metre would come in the category of high rise and allowed a plea of Supreme Court Bar Association president Vikas Singh who has been fighting a legal battle for the last eight years for getting approval for his house which is around 16 metre.
2022-08-16
The last time the Authority had hiked rates was in October 2019.The land rate for residential sectors in the A+ category sectors remained unchanged at Rs 1.75 lakh per sqm. The price of plots in the E category sectors was increased to Rs 41,250 per sqm from Rs 36,200. residential plots in the A to D category, which were allotted for Rs 39,440 per sqm to Rs 92,950 per sqm, would be 20% dearer.
2022-08-16
The Supreme Court-appointed technical expert on Thursday gave its approval for rigging of Supertech's twin towers with explosives while August 28 has been proposed as the date of demolition, officials said.The nearly 100-metre tall illegal structures, which were so far scheduled for demolition at 2.30 pm on August 21, have now been proposed to be demolished on August 28, a senior Noida Authority official told PTI.
