Pune
Leading real estate businessman Niranjan Hiranandani of the Hiranandani group has filed a suit in the Bombay High Court seeking to restrain his married daughter Priya Hiranandani Vandrevala from using the name ‘Hiranandani’ in her business. The suit has been filed by Niranjan, his brother Surendra and their company Hiranandani Constructions Private Ltd (HCPL). They have sought [...] Continue Reading »
With Pune progressing fast on the realty front, hundreds of constructions have come up across the city and with similar number of renovations of flats and other properties happening, the debris is being dumped recklessly, much to the alarm of environmentalists. If the Pune Municipal Corporation (PMC) wants to contain further degradation of water bodies, [...] Continue Reading »
Kolte-Patil Developers, one of the biggest realty developers in Pune has entered into agreements for two redevelopment projects in Mumbai’s western suburbs. The cumulative area of both the suburban redevelopment projects is around 600,000 sq ft, the company said in a release. The first project for redevelopment is that of Jay Vijay co-operative housing society at [...] Continue Reading »
Cummins, a US-based industrial engine maker, bought its India office campus building in Pune from Panchshil Realty for Rs.750 crore. This is one of the biggest deals in office realty. The area of the property is around seven lakh square feet spread over two office towers in Balewadi, Pune. It has the capacity to house [...] Continue Reading »
In one of the first real estate sentiment indices, Industry body FICCI and residential and commercial property consultancy, Knight Frank India have concluded an overall negative sentiment for realty across all zones including the National Capital Region (NCR) and Mumbai Metropolitan Region (MMR). The index further cited that the mood have got worse than what it was in the last [...] Continue Reading »
Pune-based real estate developer has completed the acquisition of a 34 acre land parcel at Wakad, Pune for approximately Rs. 350 crore. The plot is in close proximity to the Rajiv Gandhi Hinjewadi IT Park and has a total saleable area of 2.3 million square feet. Sujay Kalele, CEO, Kolte-Patil Developers Ltd. said on the acquisition “We [...] Continue Reading »
India has been an attractive market for IT/ITES industry as it ensures handsome investment returns. The BFSI (Banking, Financial Services and Insurance) book of the dead game industry, manufacturing and other service sector also contribute to total office space absorption in India. As per Knight Frank Survey, the top six cities which will witness maximum office [...] Continue Reading »
MUMBAI: The long awaited, 16.8 km Eastern Freeway’s first phase will be open for traffic by May end. Eastern Freeway will provide a signal free drive from Orange Gate on PD’Mello Road to the Ghatkopar-Mankhurd Link Road. This freeway will not only reduce the travel time from South Mumbai and Eastern Suburbs but will also [...] Continue Reading »
Pimpri Chinchwad Municipal Corporation (PCMC) has been getting tough on illegal buildings in the city. The civic body has disconnected all water connections of illegal constructions in the city. Also, the authority has been serving notices to the residents who occupy such buildings. Due to the tough decision taken by the authority, an argument between [...] Continue Reading »
Wakad, a locality situated in the vicinity of IT hub and educational institutions, has been in the limelight lately. The locality has recently got maximum number of building permissions for projects for the fourth consecutive year. It has come at a right time when development of Wakad was the most need of the hour. It [...] Continue Reading »
