Thiruvananthapuram
The state govt of Kerala has issued a revised administrative sanction for the completion of basic infrastructure works at Muttathara fishermen residential colony. It is first of its kind large-scale housing scheme executed for fishermen families unsafe to sea erosion in the district. The total amount funded by Kerala Govt for the necessary infrastructure stood [...] Continue Reading »
Dubai-based Emke Group is set to roll out Rs 700-crore investments in IT and logistics infrastructure in Kerala this year.They had already invested Rs 1,200-crore in Lulu mall in Kochi, and this is their second investment in India. This clearly shows that the real estate foreign investments are increasing and Arun Jaitley FDI plans are taking [...] Continue Reading »
The Kerala State Electricity Board (KSEB) and SmartCity authorities are at loggerheads again; the point of contention this time round also being ‘land.’ The dispute between KSEB and SmartCity roots in the fact that SmartCity has demanded nearly one acre of KSEB’s land at Brahmapuram; but the KSEB is not willing to part with the [...] Continue Reading »
The Kerala Monorail Corporation Ltd (KMCL) is apparently irked by the unwarranted delay in tender process. The KMCL has asked the Delhi Metro Rail Corporation (DMRC) about the reason behind the delay in filing the evaluation report of the technical bid, which was opened on May 30. The report – which should have been submitted [...] Continue Reading »
A unique and exclusive housing finance Branch has been opened in Ernakulam by the State Bank of Travancore (SBT). As per the statement of spokesman no other public sector bank in India operates such a branch anywhere in the country. For all housing, interior modification/beautification plans and other top-up loans for housing, it will be [...] Continue Reading »
The Taurus Investment Holdings, LLC, a global PE investment and development firm is planning to invest Rs. 1, 200 crore in IT and social infra at Technopark, Thiruvananthapuram. Mr. Ajay Prasad, Managing Director, India, Taurus Investment Holdings says that these 1,200 crore is part of proposed 3,000 crore which is to be invested in developed assets [...] Continue Reading »
SD Shibulal’s, Infosys co-founder and CEO, a private limited company that deals with his family wealth, is increasing its hospitality along with its real estate business by investing R130 crore. The family office including his family’s holdings in Infosys, runs a resort in Coorg, Karnataka called ‘The Tamara’, a 56-room luxury property, which manages around [...] Continue Reading »
Shruti Manchanda, daughter of Infosys CEO SD Shibulal is set to expand her hospitality venture, Tamara with an investment of Rs. 150 Crores. Manchanda owns slightly less than one per cent stake in Infosys, which is worth Rs. 1,350 crore. She plans to invest up to Rs. 150 crore in her venture to set up [...] Continue Reading »
Kerala is doing its bit to attract private players to partner in the implementation of 100 urban projects. Most of the projects listed are situated in urban centres, Manjalamkuzhi Ali, Minister for Urban Affairs, said. Some of them are development of Sakhthan Nagar in Thrissur (Rs 700 crore); Palayam (Rs 865.6 crore) and Big Bazar [...] Continue Reading »
Thiruvananthapuram- The Kerala government has revised the guidelines governing the ownership of constructions on wetlands and paddy fields. According to the circular issued by the local self-government department in 2012, the ownership of a property converted from a paddy field or wetland or a house constructed on the property cannot be changed for 10 years. [...] Continue Reading »
