Cities
In a recent press release, hospitality bigwig InterContinental Hotels Group (IHG) has announced that it has teamed up with Kolkata-based Jain Group for developing a Holiday Inn in Durgapur. The Holiday Inn for which IHG has partnered with Jain Group will mark the foray of the Holiday Inn brand in the industrial town of Durgapur. [...] Continue Reading »
Approximately 550 acres of land has been acquired by Mahindra Lifespace Developers Ltd in north Chennai. At the recently acquired 550-acre land, the company – which is the Mahindra Group’s realty division – will reportedly set up its second integrated business city in the state-Mahindra World City. Mahindra Lifespace is likely to commence work on Phase [...] Continue Reading »
In the past, buying or selling a post apartment in Varanasi outskirts was a farfetched dream, forget convincing anyone to buy or sell. The ancient temple town had people who were not interested in the outskirts or moving far away from the center. They were willing to dodge the ways of traffic, snail paced and [...] Continue Reading »
People with special needs have a reason to rejoice, since now across Ahmedabad it is mandatory for buildings to have disabled-friendly designs. It was at the seminar which was organised by the esteem Handicap International, where it was learnt and understood how important it is to have such designs, and that the onus should be [...] Continue Reading »
Reliance Infrastructure sings the song of hope as it waits for the nod to set up the Mumbai Metro line in the next ten days, says a source. The company now waits eagerly for the Indian Railway Board to give it’s final approval, and then the project is scheduled to begin with its commercial operations [...] Continue Reading »
The nation’s capital has seen the game of the wrecking ball, smashing new illegal constructions in its way in the past, and now as well. Sources from the district administration have made it very clear that the nation’s capital would not tolerate the mushrooming of illegal constructions which have risen in the past two months [...] Continue Reading »
Kamarajar Port Ltd has it’s eyes on setting up one of the best and state of the art special economic zones across surplus land available in its kitty, says MA Bhaskarachar, Chairman and Managing Director, Kamarajar Port. In Chennai, the port is known to be a major one along with the famous Chennai port and [...] Continue Reading »
After it was established that a stable government would come to power, real estate experts opined that private equity investment in Delhi-NCR is expected to rise by as much as 50%. Although the real estate investment climate has remained dim for a long time, it’s expected that this scenario will change drastically post-election. Officiating president [...] Continue Reading »
Private equity giant Blackstone is acquiring a 1-million sq ft office space at Vikhroli, Mumbai from real estate fund house Milestone Capital at a cost of Rs 1050 crore. The property, 247 park, is owned jointly by Milestone Capital and HCC Real Estate in a 74%-26% arrangement. It’s valued at Rs 1000 crore and requires [...] Continue Reading »
Ahmedabad has topped the list of youngest realty buyers in a joint survey of 10 cities, conducted by the Indian Institute of Management, Bangalore and MagicBricks. The youngest buyers were those who came under the 18-25 age group. Titled Housing Sentiment Index (HSI), this online survey carefully screens prospective home buyers before arriving at the [...] Continue Reading »
