Cities
The real estate development arm of the Godrej Group, Godrej Properties said in a release that it has entered into a pact with group company Godrej & Boyce to develop a new project on the latter’s property at Vikhroli suburb of Mumbai. The project is expected to comprise of premium residences as well as a [...] Continue Reading »
In Gurgaon, Realty firm CHD Developers has bought 10.5 acres of land for about Rs 300 crore to develop a housing project. Already two projects are being developed in Gurgaon by the national capital-based developer and are looking to expand presence in the city. CHD Developers COO Ravi Saund told PTI, from a local landlord [...] Continue Reading »
Sajag Nagrik Manch, a Citizens’ group in Pune, has put a demand to the National Highways Authority of India (NHAI) that toll collection for the 140-km highway stretch between Pune and Satara should be stopped. They believe that as only 60% of the work to widen it to six lanes has been completed the toll [...] Continue Reading »
After so many worthless attempts of borrowing the land, the Maharashtra Housing and Area Development Authority (MHADA) is ready to issue tenders for constructing affordable housing on 67 vacant plots all across the city. In a recent review of MHADA, totaling to more than 12 hectares of land was found. An official also mentioned that [...] Continue Reading »
According to Brick Eagle, a financial services platform for affordable housing development in India said, by 2017 the property rates are expected to double in the Eastern Mumbai District (EMD) which encompasses Karjat, Neral, Shelu and Khopoli. It added, an upward trend incomparable to other areas in the real estate market the Property investment here [...] Continue Reading »
For a seafacing Cuffe Parade flat, a famous businessman outbid others at a public auction in the Bombay high court with his offer of Rs 30.50 crore. For liquidation proceedings against a city businessman who owned the flat the 3,000 sq ft apartment in Maker Towers B was put up for auction. The flat was [...] Continue Reading »
In the permission given to the country’s largest real estate company DLF to construct a high-rise luxury apartment complex in the vicinity of Rashtrapati Bhavan, the CBI has not found any criminality which had led to security concerns. In July last year, the CBI had registered a preliminary inquiry against unknown officials of Urban Development [...] Continue Reading »
A lease extension for the fourth time to run the Taj Mahal Hotel at Delhi’s tony Mansingh Road may be acquired by The Tata Group-owned Indian Hotels Company (IHCL), as the New Delhi Municipal Council (NDMC), the land-owning agency, cannot hold an auction once the model code of conduct for the general elections kicks in. [...] Continue Reading »
The Hyderabad Metropolitan Development Authority (HMDA) has concluded the concept for its Hyderabad Habitat Centre and sent it for acceptance of the municipal administration and urban development (MA&UD) department. The Hyderabad Habitat Centre (HHC) is constructed in about 12.5 acres at Izzatnagar near Hi-Tech City railway station, for promotion of heritage, art and culture on the lines [...] Continue Reading »
Canadian Pension Plan Investment Board (CPPIB) is set to appoint an India team with a new office in Mumbai later this year. The board manages $200 billion in assets. This is the second office of the Canadian giant in the emerging markets and signifies reviving sentiments on the India investment story. In the past one [...] Continue Reading »
