Joint venture
The real-estate developers Omkar Realtors & Developers and V Raheja Group have come together in a joint venture in order to construct a luxury residential project on a stretch of 7.5-acre land parcel in the city of Mumbai. The V Raheja Group, who owns the plot that is located on the Western Express Highway at [...] Continue Reading »
It is to be brought to notice that US companies have plenty to offer for India, USA’s minister counsellor for commercial affairs, John McCaslin, in a recent statement said that a core group of 30 US companies have expertise in IT-enabled services and data analytics, which are some of the major crucial elements for developing [...] Continue Reading »
Ahead of China President Xi Jinping’s visit to the country, Beijing is showing a renewed interest in India infrastructure sectors, especially in winning road-building contracts. Sources said many Chinese teams have met road transport and highways ministry officials in recent weeks and have conveyed their interest in India’s large road projects, including those in which [...] Continue Reading »
Carnation Hotels, the hotel management joint venture partner of Lemon Tree Hotels, has signed a management contract for building a Lemon Tree Hotel with Laskhana Consultants and Hoteliers. The hotel is presently under development at Kalapatti in Coimbatore. The 60-room hotel will cater to the rapidly growing IT (information technology) destination of Kalapatti and is [...] Continue Reading »
As per a source, Tata Housing has signed an agreement with KEC International to purchase 7.3-acre land parcel in Thane. Further, the Tata Housing which is a real estate wing of Tata Group will develop premium homes on the land and expects Rs1,300 crore revenue from this project. KEC International is world famous infrastructure engineering, [...] Continue Reading »
The west Bengal government is focusing to exit from the joint sector real estate ventures and has involved professional services firm EY to audit the working of nine companies in which the state holds shares. As per the official, EY has tied up with Fox and Mandal to organize complete audit. A major official says [...] Continue Reading »
The company said that the real estate developer Godrej Properties has formed joint venture to develop a residential project at Keshavnagar in Pune. This project will be spread over 43 acres and provide nearly 2.8 million sq ft of saleable area. As mentioned in the agreement, the Godrej Properties will receive 35 percent of the [...] Continue Reading »
The Yash Birla Group has signed a joint venture with Mumbai based Nahar group to redevelop its property of less than an acre in South Mumbai. Ms. Manju Yagnik, vice-chairperson, Nahar Group, says that the land is located in the south Mumbai’s Tardeo and posses the total area of 4,300 square metres (46,268 sq ft). [...] Continue Reading »
The heritage of Pune will be managed more professionally and will be restored as the Unesco-led Indian Heritage Cities Network (IHCN) and civic body has signed a memorandum of understanding (MoU). Sustainable socio-economic and cultural development of historic cities of India is taken care by the IHCN, who shares their experience .The Pune Municipal Corporation [...] Continue Reading »
Ahmedabad- Amplus Realty Fund has announced its first investment of Rs 30 crore in a residential project by Assetz Homes in Bangalore. In the next three years, it expects to get 25 percent returns on this investment. The joint venture aims at developing a mid and high-end residential project in Rajajinagar, Bangalore by 2015. Amplus [...] Continue Reading »
