Chennai
The Olympia group, well known for developing residential and commercial spaces in Chennai and Kolkata, has now launched a new project Enchante in Bangalore. This project has 26 Villas in more than 4.5 acre land and is located behind Forum Value Mall. Mr. Ajit Chordia, managing director, Olympia group, says that they believe Bangalore is [...] Continue Reading »
IDFC Real Estate Yield Fund has raised Rs 750 crore from domestic investors in ten weeks. This fund is a focused debt fund with a medium term horizon and has already committed Rs 123 crore across two residential projects in Pune and Bangalore. The fund is targeting residential projects which are under development across the [...] Continue Reading »
The private investment group Xander-backed Virtuous Retail Pte Ltd has appointed S Raghunandan as CEO and also appointed MN Hariharan as director of finance. Mr. Raghunandan has experience of over 30 years and joined Virtuous Retail after serving as CEO Retail of realty firm Prestige Group for the past six years. At Prestige, he handles [...] Continue Reading »
India Realty Excellence Fund II LLP, Motilal Oswal’s second real estate private equity fund, has made a fresh investment of 60 crore in housing project of Mumbai-based developer Ahuja Group’s. The company has raised this fund for deployment in its Ambernath project, in Mumbai’s central suburb, spread across 2.5 million square feet. The management of [...] 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 »
Investigation has been taking place into National Textile Corporation (NTC) proposal to revive several of its prime properties in Mumbai and Aurangabad by the Central Bureau of Investigation. There is a suspicion for which this investigation is taking place and which is probably that mill land worth over Rs 20,000 crore was being diverted for [...] Continue Reading »
The real estate development wing of the Godrej Group is going to develop the residential project at Padur, Old Mahabalipuram Road (OMR), near Siruseri IT Park, in Chennai. The project is spread over 7 acres and will provide approximately 1 million square feet of saleable area and will be established as a modern housing residential [...] Continue Reading »
The real estate arm of Godrej Group, Godrej Properties has formed a partnership with SSPDL Green Acres LLP to build up a residential project at Padur on OMR (Old Mahabalipuram Road) on the periphery of Chennai. The proposed project will be near Siruseri IT Park and will be spread over seven acres and 93,000 square [...] Continue Reading »
Every year in Tamil Nadu just 20% of the 2.5 lakh engineering graduates passing out of colleges are employable, said Sandeep Mehta, president of Confederation of Real Estate Developers’ Association of India (CREDAI), on Tuesday. He also said that with institutions like Anna University, SRM and VIT universities CREDAI is trying to sign a memorandum [...] Continue Reading »
