Ahmedabad
104 acre land near Shela village on the outskirts of Ahmedabad, has been sold off by Sahara Group to HN Safal Group at a throwaway price of Rs 600 crore. Initially Sahara had planned to build an Rs 450 crore township of 4,000 homes on the property located on outer SP Ring Road. The deal [...] Continue Reading »
In Q1 2013, a net absorption of 189,600 sq ft was recorded in Ahmedabad, whereas in Q1 2014, the city posted 607,500 sq ft absorption. The figures are quoted from a study by Cushman & Wakefield. The absorption was concentrated in of Gandhinagar (66 per cent), Prahladnagar (25 per cent) and Sarkhej-Gandhinagar Highway (10 per [...] Continue Reading »
Due to the poor economic conditions, only one mall is coming up in the last three months. The only mall was developed in Pune which is stuck with the second-highest vacancy level in the country at 27.5 percent. Ahmedabad maintains its tag as the graveyard of Indian retail with a vacancy level of 31.6 percent [...] Continue Reading »
The real estate development wing of the Godrej Group named as Godrej Properties Ltd is going to develop a residential township project in North Bengaluru. The project is spread across 100 acres of area and has the saleable area of nearly 0.87 million square meters (9.4 million sq. ft.) It is close to the new [...] Continue Reading »
The world famous hospitality player Starwood Hotels & Resorts is planning to launch its luxury brands St Regis and W Hotels in India to meet the demand of the Indian market. With the launch of this brand in India, Starwood will have eight out of its nine brands in India. Mr. Dilip Puri, managing director [...] Continue Reading »
Honda Cars India, headquartered in Japan, might set up its plant in the country in Gujarat, sources said. Two-wheeler maker Honda Motorcycle and Scooter India (HMSI) following this will be setting up a plant in the state. “Honda Cars looking for a 250-acre land parcel had already visited a site in Vithalapur. However the company [...] Continue Reading »
The road trip to Udaipur will now be costlier because the NHIA has increased the toll tax on Udaipur-Shyamalaji-Ahmedabad by Rs 5 to Rs 20 for different category of vehicles. An official announcement regarding this was made recently. The average increase in the monthly expenses for vehicles that use the expressway is estimated to be [...] Continue Reading »
The Election Commission have ordered to defer the process of privatisation of the operation and management of six airports of the state run Airports Authority of India (AAI) till the completion of the Lok Sabha poll process, civil aviation ministry sources said. The six airports are Chennai, Kolkata, Lucknow, Jaipur, Guwahati and Ahmedabad. The EC [...] Continue Reading »
Secretary, Civil Aviation, Ashok Lavasa, said on Thursday that on the recommendations of the Election Commission, the modernisation of Chennai, Kolkata and four other airports has been put on hold. The Commission has asked us to put it (airport modernisation) on hold till the process of elections is over. The date for submission of bids [...] Continue Reading »
Atul Auto Rajkot-based three wheeler manufacturers will be setting up new production facility near Ahmedabad with a capacity of 60,000 units per annum. The auto company is looking for land in Sanand and on the Bagodara-Vasad expressway and will invest Rs 100 crore for the project. “We are looking for locations around Ahmedabad. We are [...] Continue Reading »
