Mumbai
Cosmetics Company Modi-Revlon, a joint venture between the Modi group and international cosmetics firm Revlon, is planning to open 100 stores in the next three years. Modi-Revlon chairman and chief executive Umesh Modi said in a statement, “India with its ever-growing appetite for retail spending has always been a priority market for Revlon. These are [...] Continue Reading »
As per the director of the Indian Institute of Packaging (IIP) which is the national apex body established in 1966, they are going to develop 6 towers in Mumbai which will consist of academics, hostel and lab facilities with the total cost of Rs 250 crore. He further says that the ministry has approved Rs 70 crore [...] 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 »
Mr. Sitaram Kunte, municipal commissioner, of the BMC has given time till 10 April to issue the notices for structural tests to over 18,000 buildings that are more than 30 years old. It is compulsory for the societies to organize a non destructive test before the submission of the structural audit report to the BMC. [...] Continue Reading »
The data collected by the Director General of Registrations, Mumbai concluded that the registration of property sales in Mumbai is increased by 0.06 percent in February 2014. On the basic of per month data, the registration of properties have decreased by 11.4 percent in February but the numbers are strong in comparison with the 2012 [...] Continue Reading »
The financial capital of India is still witnessing property transactions under astronomical price tag despite the fact that the country is struggling with high property prices. Lately, there have been reports of the iconic Bhabha bungalow on sale, which can prove to be the costliest affair in the market with the buyers. The property, located [...] Continue Reading »
Cushman & Wakefield, global property consultant, said, In the real estate sector private equity investment increased by 13 per cent to Rs 7,000 crore last year on higher inflows in the residential segment. “Total inflows from private equity funds in the real estate sector was recorded at Rs 7,000 crore ($1.2 billion) for 2013, an [...] Continue Reading »
Australia’s hospitality brand, Country Comfort Hotels is looking for business opportunities in India as it has begun its initial franchise discussion with a Mumbai-based group. Sean Flynn, Executive Vice-President for brands at the Singapore-based Silver Needle Hospitality, that owns Country Comfort brand said we have just started with our preliminary discussions with a group in [...] Continue Reading »
A global real estate consultant says that the Office space requirement is likely to increase by 7 percent during this year to 29 million sq ft in India’s 7 major cities as corporates are looking at expanding their business. The demand of office space was 27 million sq ft last year in the seven cities [...] Continue Reading »
S Raghunandan has been roped as chief executive officer of Indian unit Virtuous Retail Services Pvt. Ltd, whereas the company also announced the appointment of MN Hariharan as director of finance. Early this month, VCCircle had first announced the approaching management changes at the firm. After serving as CEO Retail of realty firm Prestige Group [...] Continue Reading »
