Cities
Telangana Government Chief Secretary Rajeev Sharma on Monday met Central Government representatives and apprised them of the progress the L&T Metro Rail Hyderabad project has made so far. Accompanied by BV Papa Rao, Advisor to Telangana Government, the CS met with Union Cabinet Secretary and Principal Secretary to the Prime Minister and briefed them about [...] Continue Reading »
Is Hyderabad facing the threat of losing its sheen as one of India’s preferred investment destinations and are investors worrying over their investments in the city after it has become capital of the country’s newest state of Telangana? Days after engineering giant L&T expressed concerns over the viability of India’s largest metro rail project coming [...] Continue Reading »
In the run-up to the elections, the Prithviraj Chavan government in Maharashtra has been busily allotting more floor space index (FSI) to real estate projects. The Urban Development Department accounted for the second highest number of files cleared by the Chief Minister’s Office across 49 departments between June and September this year. A total of [...] Continue Reading »
As per Crisil Research, the Gurgaon Golf Course Extension micro market comprises sectors 49, 50, 55-63 and 65-69. This micro market accounts for 6 percent of the total planned supply in the National Capital Region (NCR). Golf Course Extension has gained prominence owing to easy accessibility to National Highway-8 (Delhi-Jaipur highway) and South Delhi via [...] Continue Reading »
L&T Metro Rail Hyderabad Limited and the Telangana Government are on a collision course regarding the Rs 14,132 crore metro rail project, with the former even suggesting that the State take over the project. Contending that the project viability is being challenged by delays in securing clearances having a huge impact on the project financial [...] Continue Reading »
India’s commercial real estate market is seeing big deals being struck once again in the top cities. In one of the largest leasing deals in the country, Deloitte is close to signing up 1.4 million sq ft of office space in Hyderabad for its BPO business. This isn’t the only 1 million sq ft plus [...] Continue Reading »
The GMR group is planning to set up an aerospace training centre in Hyderabad on the lines of the one established by Morocco. With the help of French multi-national firm Safran, the group has sent a team to the African country to study the model adopted by it. It has sought the help of Telangana [...] Continue Reading »
L&T Construction today said it has bagged orders worth Rs 2,050 crore across various business segments in August and September. Its power transmission and distribution segment bagged orders worth Rs 1,213 crore in domestic and international markets, the company said in a statement issued here. It bagged a turnkey project from the Tamil Nadu Transmission [...] Continue Reading »
Kalyan-Dombivli, in the outskirts of Mumbai, comes under Kalyan-Dombivli Municipal Corporation (KDMC) and forms a part of Mumbai Metropolitan Region (MMR). The area’s realty market is witnessing boom mainly because of the increasing property values in other suburbs. Another reason quoted for the growth is the increasing demand for affordable housing in Mumbai. According [...] Continue Reading »
Southern developer Nitesh Estates, which built India’s first Ritz Carlton hotel, has bought Israeli billionaire Mordechai Zisser’s 1-million-sq-ft Plaza Centre Mall in Pune for Rs 300 crore, according to at least three sources aware of the matter. Zisser’s diversified conglomerate Elbit Imaging Group, through its subsidiary Plaza Centers, operates a global portfolio of 37 retail [...] Continue Reading »
