Land
As per the source the 25 acre Tata Steel land parcel that Mumbai-based Oberoi Realty bagged is anticipated to have sales potential of Rs 6,500-Rs 7,000 crore. Tata Steel announced Oberoi Realty as the highest bidder for the Borivali land located to the north of Mumbai on the basis of its final bid of Rs [...] Continue Reading »
The famous steel company Tata Steel sold its 25-acre Borivali land parcel in Mumbai for Rs 1,155 crore to Oberoi Realty through e-auction. The Steel giant says that the committee of Independent Directors appointed for the oversight and governance of the sale process by the Tata Steel Board announced that the highest bidder of the [...] Continue Reading »
The statement issued by the company informs that Mumbai International Airport Private Ltd s (MAIL) project bank loan facilities has been upgraded to ‘IND A-’ from ‘IND BBB+ As per the report, the rated banks loans are INR42.31bn long-term loans, INR2.5bn fund-based limits (increased from INR1bn) and INR4.15bn non-fund-based limits (increased from INR3.55bn). The rating agency has [...] 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 »
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 »
Before Lok Sabha elections, the Congress general secretary Digvijay Singh gets relief from CBI, as the agency gave clean chit to him in a 2008 case of land allotment in Indore for a mall. The CBI, in the report, says that there were evidences found against Digvijaya. He was accused of changing the laws to [...] Continue Reading »
The HC clears the path for the relocation of the Kathputli Colony by rejecting the petition against the resettlement plan. Justice Hima Kohli questioned the petitioners who are claiming to be the residents of the Kathputli Colony to go to the Delhi Development Authority (DDA) for the injustice and told the land-owning agency to take [...] Continue Reading »
An analyst says that the UPA government’s special economic zone (SEZ) scheme whose aim is to create infrastructure to facilitate exports appears to have failed. More than 60 percent of the total land under the SEZs is vacant years after the scheme launched in 2006. Till now the government has notified 389 SEZs. As per [...] Continue Reading »
The largest Real estate firm of the country, DLF says that they received Rs 93.5 crore from IDFC for acquiring IT park project in Noida. In November 2011, the IDFC has purchased 100 percent shares of Galaxy Mercantile. The Galaxy Mercantile is the joint venture of DLF subsidiary DLF Home Developers and realtor, the 3C [...] Continue Reading »
