Nagpur: MADC (Maharashtra Airport Development Company) plans to give three more years to companies to start work which have been unsuccessful to do so in past three years. The will be discussed in the next meeting of the company’s board. 81 companies have taken land in Mihan. CM Devendra Fadnavis, who is the chairman of… Read More »
Bengaluru: Piramal Fund Management Pvt. Ltd plans to provide some of the country’s top realty firms an open line of credit to enable them to acquire projects and buy land. Through a new scheme called Piramal Preferred Partners, they have pre-sanctioned a Rs. 15,000 crore funding limit to back about 8-10 developers in Mumbai, Bengaluru,… Read More »
The share of ecommerce firms taking up office space in the leading cities rose from 2% in 2014 to 6% last year, CBRE said. Currently, Bengaluru leads in rentals and leases by ecommerce companies, followed by Gurgaon and Mumbai, according to CBRE. Startup companies like Flipkart, Snapdeal have consolidated their operations into single office to… Read More »
Unnati Fortune Group, a Noida based real estate firm has awarded a contract of Rs 150 crore to Jindal Steel & Power Limited (JSPL). This is for the construction of a retail-cum-office tower in Noida’s sector-144 which is a part of the 25-acre land parcel owned by Unnati World project in Noida. The project has been planned and… Read More »
Bengaluru based RMZ Corp, one of the leading commercial real estate developers in India, is discussing with pension and sovereign funds to raise $500 million for its expansion plans. Arshdeep Sethi, MD of RMZ Corp says that they will use the money to double their portfolio and buy office assets across major markets in India.… Read More »
Real estate developer Embassy Group plans to divest 30% in its office business to raise Rs 4,500 crore. Jitu Virwani, Chairman and MD at Embassy Group says that they are already in talks with institutional investors and hoping to close the transaction soon. 80% of the company’s overall revenue is contributed by Office portfolio. They now… Read More »