American multinational corporation Qualcomm is leasing 700,000 sq ft in Chennai to expand and consolidate its operation in the city. This is the semiconductor and software maker’s second largest office deal in three months. The company will be paying more than Rs 80 per sq ft as rent for the long-term lease, including escalations every […]
Aditya Birla Group company Hindalco Industries has picked up an entire floor spread over 50,000 sq ft office space in Blackstone Group entity Nucleus Office Parks’ commercial complex One International Center in Mumbai’s business district Lower Parel on a long-term lease of five years, said persons with direct knowledge of the development. The company will […]
MUMBAI: City-based redevelopment focused builder Arkade Group has acquired a plot from Bajaj group company Hercules Hoists for a little over Rs 103 crore. Arkade will build a residential project on the 8,300-square metre plot located in the eastern suburb of Mulund (West) which has the potential to develop 0.5 million square feet area comprising […]
GURUGRAM: The department of town and country planning (DTCP) has begun a survey to identify illegal colonies in Sohna and adjoining areas. The team has identified 12 illegal colonies till now, officials said. The survey is being conducted jointly by the district town planners of the enforcement wing and headquarters on the orders of DTCP […]
GURUGRAM: The Haryana real estate regulatory authority (HRERA), Gurugram has forfeited the bank guarantees of real estate promoter JMS Infra Realty Private Limited as the promoter failed to submit approved service plans and estimates as well as zoning plan of its project on time. As per the conditions for granting RERA registration certificate (RC) in […]
Gaming content and technology company Aristocrat has leased 128,000 sq ft of office space at Candor TechSpace Special Economic Zone (SEZ) from Brookfield Properties in Noida, said three persons aware of the deal. The leasing comes at a time when companies are avoiding SEZs and are waiting for the Development (Enterprise and Services) Hubs Bill, […]
GURUGRAM: Displaced homebuyers of NBCC Green View in Sector 37D have rejected the settlement offer proposed by the state-run construction company to finalise the compensation. In March last year, the residents had to vacate their flats in the society after the building was deemed “unfit for occupation”. Earlier this month, the developer had proposed to […]
GURUGRAM: A group of homebuyers of Expressway Towers in Sector 109 met the senior town planner on Monday and demanded action against the developer for the delay in completion of the housing project. The affordable housing project was launched in 2017 by Ocean Seven Buildtech Pvt Limited (OSB) and the buyers were promised possession in […]
New York Life Insurance Co, a US based mutual life insurance company, has proposed to invest Rs 290 crore for a 49% equity stake in a commercial project of Max Estates’ SPV in Gurgaon. Max Estates Limited has completed the acquisition of balance 2.39% equity share capital of Acreage Builders Private Limited (ABPL). Max and […]
GURUGRAM: More trouble is in store for around 500 homebuyers and investors of the Godrej Air residential project in Sector 85 with the landowner, Orris Infrastructure, filing a complaint with the economic offence wing (EOW) of Gurgaon police against the developer, Godrej Properties, accusing it of cheating, criminal breach of trust and criminal conspiracy. In […]
NEW DELHI: Bengaluru-based Simpliwork Offices, partnered by Salarpuria Sattva, has invested Rs 40 crore in two centres – Godrej Waterside and IT Lagoon, spread across over 1.5 lakh sq ft in Kolkata, the company said in a media release. The company aims to grow by 2.5 times by the end of March 2024 and expects […]
NOIDA: The Uttar Pradesh government has added 55 villagesfrom Khurja and Secunderabad tehsil areas in Bulandshahr district to the Yamuna Expressway Industrial Development Authority (YEIDA) territory, an official said on Friday. The total number of notified villages in the YEIDA has now gone up to 1,242. The authority area has been extended to the Delhi-Howrah […]
