Realty News
The rental rates of homes in Mumbai is skyrocketing. The citizens in Mumbai are oscillating between the options of either renting house or purchasing one! When asked about the same to one of Vishal Pariekh a sales executive living in Mumbai, he alone had too many concerns to think about. Pariekh who at present stays [...] Continue Reading »
Private equity firms Blackstone and KKR are in talk with UB Holdings for buying the UB City. It is being said that the office real estate of the UB City may be sold at a price of Rs 650 crore. The higher officials of UB group are refused to comment on the development. The UB [...] Continue Reading »
Infinite India Investment Management has invested $13 million through its realty fund Infinite India Real Estate Fund in a residential project in Pune. The Pune project will be developed by Kumar Urban Development Ltd. At present the developer is constructing 12 residential project in Pune along with five residential projects in Mumbai. The developer is [...] Continue Reading »
DLF earlier closed their deals with Giorgio Armani, now planned to separate itself from the partnership program with Italian luxury brand Salvatore Ferragamo. DLF is now planning to move out from luxury business and wants to focus on premium and bridge-to-luxury fashion brands. As the cost of retail real estate in India is very high, [...] Continue Reading »
Sunshine, a Real Estate company in Noida has launched Sunshine Business Park, a high-end luxury commercial project in Sector 94, Noida. This project will be constructed with the green building concept. More than 500,000 sq ft of commercial space spread over 21 floors will be constructed in the project. Apart from modular office, and showroom [...] Continue Reading »
The private equity firm of Anand Rathi Financial Services and Knight Frank India are planning to raise Rs 500 crore for the real estate industry in India. The two organizations planned to raise the funds from the internal domestic market. They are not going to the foreign investors for the fund raising program. The organization [...] Continue Reading »
The state government has handed over about 90% of the land required for the construction of the Metro railway in Hyderabad. The construction company Larsen and Toubro Ltd (L&T) will construct the entire project in a phased manner in the next five years. The total estimated cost of the construction will be Rs 16,375 crore. [...] Continue Reading »
The Delhi government has planned to construct eight new hospital in the city. This move will enhance the healthcare infrastructure of the city. Five projects will be done in Burari, Madipur, Siraspur, Hastsal and Ambedkar Nagar while two other will be constructed in Sarita Vihar and Pooth Khurd. A 750-bedded hospital is also being set [...] Continue Reading »
National Highway Authority of India has awarded the construction of the six-laning project of Vadodara-Surat section of NH-8 to HCC Concessions Ltd. The estimated cost of the project is approximately Rs 800 crore. The entire construction will be completed in a period of 30 months. This infrastructure development work will facilitate the city life of [...] Continue Reading »
The Delhi Metro Rail Corporation requested the District Collector to speed up land acquisition for starting the construction work of the four bridges for the proposed Moolampilly-Chathanad four-lane road. According to a higher official of DMRC, the construction of the bridges are likely to start in a month. The requisite fund for the project and [...] Continue Reading »
