Mumbai
The India Realty Excellence Fund II LLP has raised this fund for deployment in its Ambernath project spread across 2.5 million square feet in Mumbai’s central. As per the person related to the development, this deal was closed in beginning of January. Motilal Oswal Real Estate fund, which is the real estate wing of Motilal [...] Continue Reading »
As the Airport Economic Regulatory Authority (AERA) is yet to complete the process for determining tariffs for the second control period starting April 1, 2014 and ending on March 31, 2019, Airport charges and user development fees at Delhi and Mumbai will remain unchanged till May 31. Delhi International Airport had submitted its proposal on [...] Continue Reading »
Two persons familiar with the development, informed that the drug maker company Sun Pharamacuitals will buy the official building in Mumbai’s Goregaon suburb from Standard Chartered Bank for Rs 280 crore. The building is named as Standard Chartered Tower which consists of ground plus six upper floors and has total built up area of 2.20 [...] Continue Reading »
Tata Housing Development Co. Ltd had been conferred with the prestigious IMC’s Ramakrishna Bajaj National Quality (RBNQ) Business Excellence Award – 2013 in the Services Category. The dignitaries from the whole Industry attended the awards ceremony was held on 19th March, 2014, at YB Chavan Center, Mumbai. Tata Housing was declared the winner on the [...] Continue Reading »
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 »
Real estate prices have remained untouched in last quarter of 2013, regardless of political uncertainty, liquidity issues, high interest rates and cautious sentiments. Property rates at Colaba, Marine Drive, Dombivali, and Ambernath went down by seven to 13 per cent whereas rates went up by 10 to 12 per cent at places like Hiranandani, Lower [...] Continue Reading »
It has been seen that buyers are tempted to buy a house at a price 20-30 percent lower than the market price that is why buyers book houses projects that are sold even before all clearances are in place. There are cases where builders accept bookings, when given profligate delay in getting these, before they [...] 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 »
Supreme Infrastructure has got 3 orders of total worth Rs 617.7 crore for different developments activities. The highest amount is from the National Highway Authority of India (NHAI), Rs337 crore for the two laning of Chhapra-Rewaghar-Muzaffarpur section of NH-102 in Bihar. The company has also received the amount of Rs 237 crore from the Brihan [...] Continue Reading »
