Realty News
Over the span of the next one year, the Mahindra Group is planning to make a strategic investment in the affordable housing arena. According to an announcement made recently by Mahindra Lifespace Developers (MLDL), an investment of Rs 350 crore will be made by the company in the affordable housing space in the coming year. [...] Continue Reading »
In a recent announcement, Embassy Group – the developer of Southern IT Park – has revealed that it has efforts underway to acquire India’s second Four Seasons hotel, as well as the Four Seasons branded residences, in Bangalore from the Wall Street bellwether Goldman Sachs. The acquisition, as per the details shared by Embassy Group, [...] Continue Reading »
Punjab National Bank (PNB), Mohali, has put an imminent five-star hotel site in the Industrial Area, Phase II, on sale. The 178-room hotel is being constructed by Joy Hotel and Resorts Private Limited. The move to sell the hotel site has been undertaken by PNB after Joy Hotel and Resorts failed to clear the dues [...] Continue Reading »
Embassy Group has recently announced that it is venturing into the hospitality sector with the launch of Hilton Bangalore Embassy GolfLink — a move for which the Embassy Group is investing approximately Rs 350 crore. The Hilton Bangalore Embassy Golf Link hospitality project being launched by Embassy Group is a top-notch, full service hotel located [...] Continue Reading »
Before the announcement of the assembly election dates in Maharashtra, Prime Minister Narendra Modi will apparently make at least two visits to the state, for launching of infrastructure projects. According to the details shared by unidentified sources aware of the PM’s Maharashtra visits, PM’s first visit – most likely scheduled for next week – will [...] Continue Reading »
According to the latest statistics shared by the Delhi Metro Rail Corporation (DMRC), the Delhi Metro ridership touched 27.1 lakh on Monday, August 4; marking the highest number of commuters to have travelled on the Metro thus far in one day. The previous highest Delhi Metro ridership record was 26 lakh commuters. With regard to [...] Continue Reading »
Delhi Metro said in a Tuesday announcement that it has completed the boring of two twin tunnels on the Janakpuri (West)-Botanical Garden corridor. The announcement implies that the work on Phase III is currently in full swing, in the wake of its approaching 2016 completion deadline. According to the announcement made by Delhi Metro, the [...] Continue Reading »
An amount of Rs. 400 crores (US$ 66 million) will be invested by Singapore-based realty investment division of The Xander Group in Supertech Ltd’s Township and Group Housing projects in Sector 79, Gurgaon. With the Supertech Township located at a strategic location in one of the fastest growing sectors south of the NH-8, the township [...] Continue Reading »
The launch of new residential projects and absorption of dwelling units that are ready or under construction fell to a two-and-a-half-year low till May. This is the latest month for which data is available. A total number of 22,290 dwelling units were launched between April and May in the seven key Indian real estate markets [...] Continue Reading »
Sotheby’s is planning to sell about 40 choice properties at list prices of Rs 15-200 crore in India. Among them is a bungalow in Lutyens‘ Delhi which is priced at Rs 150 crore and ‘private residences’ inside the ancient forts in Rajasthan. Hence now wealthy individuals looking to buy India’s most exclusive homes may not have [...] Continue Reading »
