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Mumbai

Oberoi Realty surges 11% after it places highest bid for Tata Steel land

Oberoi Realty surges 11% after it places highest bid for Tata Steel land
After the company emerged as the highest bidder for Tata Steel’s 25-acre land parcel in Borivali, Mumbai, The scrip of Mumbai-based realty major Oberoi Realty zoomed by 11.4 per cent or 23 points to trade at Rs 221 a share in intra-day trade. After the conclusion of an e-auction on Monday, according to a statement [...] Continue Reading »

Adarsh scam: CBI files revision plea in Bombay HC to drop Ashok Chavan’s name from charge sheet

Adarsh scam: CBI files revision plea in Bombay HC to drop Ashok Chavan’s name from charge sheet
The Central Bureau of Investigation (CBI) has now moved the Bombay high court for the same relief, Two months after the sessions court threw out its plea to drop charges against former Maharashtra CM Ashok Chavan in the Adarsh housing society scam. There was not much evidence against Chavan though initially while seeking sanction it [...] Continue Reading »

As elections approach property buyers turn fence sitters

As elections approach property buyers turn fence sitters
Although real estate majors claim that the polls this year have aggravated the slowdown. Businesses ranging from print media to SUV-makers do brisk business if elections are around the corner. Large listed developers such as Mahindra Life space said as property sales turn sluggish in the election months, they were putting new projects on hold [...] Continue Reading »

Preliminary understanding agreed between Sun Pharma and Standard Chartered

Preliminary understanding agreed between Sun Pharma and Standard Chartered
As per the reference to the news appearing in the sources titled as Sun Pharma to buy Stan Chart’s Mumbai Tower for Rs. 280 crore. A clarification has come up by the Sun Pharmaceutical Industries that they have get into a initial understanding with Standard Chartered Bank for buying of the property referred into the [...] Continue Reading »

Godrej Properties enters into partnership to develop residential project

Godrej Properties enters into partnership to develop residential project
Godrej Properties, the real estate development arm of the Godrej Group, has entered into a partnership with Oxford Group and Ekta World to develop a residential project in Mundhwa, Keshavnagar and Pune. Spread over 43 acres, the project will offer approximately 2.8 million square feet of saleable area and will be build up as a [...] Continue Reading »

‘Airport Projects Hit by Lack of National Policy, Land Issues’

‘Airport Projects Hit by Lack of National Policy, Land Issues’
In the next three years only a half of the ongoing airport projects in the country would be completed while the rest would be delayed owing to the tough land acquisition norms, regulatory hurdles and absence of a national-level policy, a ratings agency said in a report. Care Research said, “Presently, about 64 airport projects [...] Continue Reading »

Piramal Sunteck Realty tie up with Sussanne Roshan as Interior Design Partner

Piramal Sunteck Realty tie up with Sussanne Roshan as Interior Design Partner
Piramal Sunteck Realty Pvt Ltd has tied up with Sussanne Roshan’s plush interiors brand for interior designing. The tie up is done for the Charcoal Project. The tie up will provide Nagpur’s elite denizens a taste of exclusive high living which was previously accessible only to the aristocratic circles in large metros. The tie up [...] Continue Reading »

Sandeep Shah appointed as Hon. Consul for Maharashtra

Sandeep Shah appointed as Hon. Consul for Maharashtra
The Managing Director of HBS Realtors has been appointed as Hon. Consul by République de Côte d’Ivoire (Ivory Coast), a country in West Africa. Mr. Sandeep Shah is the MD of Mumbai based HBS developer which is the leading real estate firm which is combination of residential, commercial and infrastructure development with solid regeneration expertise.  [...] Continue Reading »

Inequality among Indian rich higher than anywhere else

Inequality among Indian rich higher than anywhere else
In India for every one billionaire there were just 26 ultra high net-worth individuals whose net assets are over $30 million excluding their primary residence. While in Japan for every billionaire there were 609 UHNIs and in Brazil and South Africa the ratio was1:129 and 1:119 respectively because these markets are in initial stage. Worldwide [...] Continue Reading »

Annual India Property fest in US starts from May 3

Annual India Property fest in US starts from May 3
The Real estate developers of Kerala, Chennai, Coimbatore, Bangalore, Delhi, Mumbai, Pune, Ahmadabad, Bhubhaneshwar, Trichy and Hyderabad have been invited to display their residential projects in the 8th Annual India Property Show which in US. The fest is going to display a vast range of both the residential and commercial projects during the period of [...] Continue Reading »



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