Realty News
Supreme Infrastructure has got 3 orders of total worth Rs 617.7 crore for different developments activities. The highest amount is from the National Highway Authority of India (NHAI), Rs337 crore for the two laning of Chhapra-Rewaghar-Muzaffarpur section of NH-102 in Bihar. The company has also received the amount of Rs 237 crore from the Brihan [...] Continue Reading »
An official says that the IL&FS Financial Services expect to collect $1 billion of its targeted $5 billion infrastructure debt fund by September. The IL&FS Infra Asset Management which manages the infrastructure debt fund has planned to collect around $1 billion and hopes to increase the overall amount of $5 billion under management in the [...] Continue Reading »
Cosmetics Company Modi-Revlon, a joint venture between the Modi group and international cosmetics firm Revlon, is planning to open 100 stores in the next three years. Modi-Revlon chairman and chief executive Umesh Modi said in a statement, “India with its ever-growing appetite for retail spending has always been a priority market for Revlon. These are [...] Continue Reading »
The biggest parcels of land in Mumbai are believed to collect the highest bid of Rs 1,155 crore. It is rumor that the Oberoi Realty may be the highest bidder. A source of Tata Housing says that they are still in the race. The bidder has not been finalized yet and the process is still [...] Continue Reading »
The Jaiprakash Associates group with a total debt of over R60, 000 crore, recently announced that they are going to sell 74 percent of its holding to Dalmia Bharat. The total amount collected by JP associates from this deal is around Rs 690 crore. It is concluded in a statement that the board of directors [...] Continue Reading »
A source says that RDSO is likely to issue ‘speed certificate’ to Mumbai Metro. The RDSO concluded that this will provide the path for the operator Reliance Infra obtaining safety certificate. A source added that the process of issuing the certificate for the Mumbai Metro is almost completed. The trial report is nearly ready and [...] Continue Reading »
The real estate developers in India have started facing infringement of their brand names established over the years due to the joining of their counterparts in the sectors like pharmaceuticals and consumer goods that are known to make serious efforts to promote and protect their brands. Recently the developers like Hiranandani, Orbit, Kalpataru and HCC [...] Continue Reading »
The weakened highways sector could get a boost with the government planning to do new construction and development model that will make it cheaper to build and operate projects. This modified annuity-based model is expected to help the government to build highways owing to lack of interest by the private sector of late, towards a [...] Continue Reading »
Some people familiar with the developments are saying that the Aditya Birla Private Equity is in talks for the possible purchase of a 6 per cent stake in Adlabs Imagica. This will result the in the valuation of the company to be at Rs1, 667 crore. The deal is a part of a sale of [...] Continue Reading »
The Jaipur Development Authority is planning to launch a big housing project near Ajmer road. This project is located along in Jaisinghpura, Kaakroda and Privthiraj Singh Pura areas. This project is the major project after the gap of 4 years. As per the report, the housing project plan has been assigned to the project works [...] Continue Reading »
