Cities
Reality major Unitech has signed a deal with Aricent and Fidelity to lease about one million square feet in Gurgaon Infospace Tikri special economic zone (SEZ). The deal is estimated to be worth between Rs. 1,000 crore and Rs. 1,100 crore. Three million sq ft of the total 3.3 million available space at the building [...] Continue Reading »
An additional US$10 million are to be invested in Central Park II in Gurgaon. There is a tunnel that leads to an underground road network which connects with the lobbies of each residential tower. Residents have an uninterrupted 20 acre car-free landscaped green vista as all traffic is routed underground. There is a plan by [...] Continue Reading »
The company said that the real estate developer Godrej Properties has formed joint venture to develop a residential project at Keshavnagar in Pune. This project will be spread over 43 acres and provide nearly 2.8 million sq ft of saleable area. As mentioned in the agreement, the Godrej Properties will receive 35 percent of the [...] Continue Reading »
As per the source the 25 acre Tata Steel land parcel that Mumbai-based Oberoi Realty bagged is anticipated to have sales potential of Rs 6,500-Rs 7,000 crore. Tata Steel announced Oberoi Realty as the highest bidder for the Borivali land located to the north of Mumbai on the basis of its final bid of Rs [...] Continue Reading »
On Monday Dushyant Dave Senior Supreme Court advocate caused a stir in the Supreme Court when he referred to what he described as the phenomena of bench hunting in the top court. Dave to voice his concerns used the occasion of mentioning time — usually reserved for urgent out-of-turn cases. He was appearing before a [...] Continue Reading »
The auto components manufacturing conglomerate, Rane group, has appointed the international property consultants Jones Lang LaSalle (JLL) India as its advisor for the transactions. As per the press release the property on the 100 ft road is very well located for residential development. The built up residential space in the vicinity can fetch around Rs. [...] Continue Reading »
The famous steel company Tata Steel sold its 25-acre Borivali land parcel in Mumbai for Rs 1,155 crore to Oberoi Realty through e-auction. The Steel giant says that the committee of Independent Directors appointed for the oversight and governance of the sale process by the Tata Steel Board announced that the highest bidder of the [...] Continue Reading »
On Monday a Supreme Court bench, headed by the Chief Justice of India (CJI) P Sathasivam, requested a two-judge bench, headed by Justice Gyan Sudha Misra, not to hear a matter listed before it for a day following lawyers representing the City and Industrial Development Corporation (Cidco) complained of forum-hunting and sought de-tagging of its [...] Continue Reading »
The statement issued by the company informs that Mumbai International Airport Private Ltd s (MAIL) project bank loan facilities has been upgraded to ‘IND A-’ from ‘IND BBB+ As per the report, the rated banks loans are INR42.31bn long-term loans, INR2.5bn fund-based limits (increased from INR1bn) and INR4.15bn non-fund-based limits (increased from INR3.55bn). The rating agency has [...] Continue Reading »
The Fortis Healthcare plans to open high end medical facilities in Bangalore in the next 2 years. A company official says that these 2 hospitals have capacity of 280 beds. An official says that the Fortis La Femme which is the first hospital at Richmond Road will be developed for Childs and mothers. The 210 [...] Continue Reading »
