Lifestyle
In 2007, the Central Ground Water Authority (CGWA) had cautioned Gurgaon that if it continuously uses groundwater at high extent, then the resource would be exhausted by 2017. But the Haryana government overlooked the warning and continued issuing licences to real estate companies which abruptly exploited the resource. According to experts, Gurgaon has been drawing [...] Continue Reading »
Owing to declining sales and liquidity crunch scenario, real estate developers of Ahmedabad are looking for innovative offers to attract buyers. Developers and promoters are offering schemes like free parking, interest free EMIs, free club membership, and varied discounts to buyers though they may not offer direct cash discounts. Local developers in Ahmedabad have not [...] Continue Reading »
DLF, the country’s biggest real estate company, is set to sell its 17-acre National Textile Corporation (NTC) land in Mumbai to Mumbai-based Lodha Developers to reduce its rising debt, said market sources. The deal is estimated at Rs 2,500-2,700 crore. Lodha Developers has already paid Rs 500 crore in advance and it would pay the [...] Continue Reading »
A real estate consultancy report highlights that while commercial rentals in one-time high streets like SG Highway and CG Road in Ahmedabad saw a marginal increase of 4 to 6 per cent, for Prahaladnagar and Law Garden it jumped to over 20 per cent on year-to-year basis. The focus seems to be moving away from [...] Continue Reading »
Suraj Group is constructing a shopping mall at Indira Nagar in West Bangalore. The upcoming 100 crore flagship mall, will be developed by Pioneer Property Zone (PPZ), shopping mall developer and manager. PPZ will manage the overall brand mix and leasing strategy for the mall that will cover an approximate area of 200,000 sq. ft. [...] Continue Reading »
The US Consulate in Chennai is all set to open American Business Corners in Kochi and Thiruvananthapuram to provide further stimulus to the US-Kerala bilateral business relations. The American Business Corners- or ABCs- will be opened in the two cities in September to coincide with the Emerging Kerala Summit. The US consulate will participate in [...] Continue Reading »
Owing to the deteriorating rupee value, expatriates are busy buying properties especially in tier III cities of India like Kozhikode. Many NRIs, especially from Gulf countries, are planning to return back home. With the availability of well-set educational institutes, health care and general quality of life, the city is fast becoming a preferred place for the [...] Continue Reading »
Tata Group, which is currently building a shopping mall in Amritsar, plans to take its Trillium mall brand nationwide in order to outfit in the country’s beneficial modern retail sector. The 700,000 sq ft mall will be ready by the end of this year or by early next year. The company has three more malls [...] Continue Reading »
PricewaterhouseCoopers, a global professional services firm, inaugurated its new office in Chennai, on Tuesday, to provide advisory, tax and regulatory services. The company has increased its employee base by 24 per cent at the Chennai Centre to meet the growing demand for various sectors. PwC has its existence in major cities of India like Ahmedabad, [...] Continue Reading »
Blackstone Group, US-based private equity major, is set to acquire 36% ownership in the tenanted office space group of Embassy Property Developments, for about $230 million (Rs 1,300 crore). The deal is expected to be Blackstone’s biggest real estate deal in India, giving it part ownership of more than 12 million sq. ft. The Blackstone [...] Continue Reading »
