NEW DELHI: A 14-member expert committee on stalled real estate, headed by Amitabh Kant, has recommended a slew of measures to revive them, including handover of flats on an “as is where is basis” in projects that are nearly ready with homebuyers exempted from paying the remaining dues to the builder. It has suggested financing […]
NEW DELHI: Brookfield India Real Estate Trust (Brookfield India REIT) has completed a capital raise of Rs. 2,305 crore through a Qualified Institutional Placement (QIP) of units. Proceeds from the placement will be directed toward financing the announced acquisition of two large commercial assets from Brookfield Asset Management’s private real estate funds. The issue committee […]
NEW DELHI: A 14-member expert committee on stalled real estate, headed by Amitabh Kant, has recommended a slew of measures to revive them, including handover of flats on an “as is where is basis” in projects that are nearly ready with homebuyers exempted from paying the remaining dues to the builder. It has suggested financing […]
A consortium of KGK Realty (India) Limited and Dhoot Infrastructure Projects Limited has taken over the group housing project, Sare Gurugram, after the NCLT cleared the resolution plan for the project. The move will help over 1200 homebuyers and the company has already started giving possession. Sare Homes, a 47-acre project has 4 million square […]
NOIDA: Homebuyers and developers in the city have pinned their hopes on an expert committee headed by Amitabh Kant, who is currently the G20 sherpa, as it finalises its report on reviving stalled real estate projects. The panel, also comprising representatives from central government and states, has submitted its report to the Union ministry of […]
NEW DELHI: Ambuja Cements (ACL), the cement and building material company of Adani Cement and part of Adani Group, has acquired Sanghi Industries (SIL) at an enterprise value of Rs 5,000 crore. ACL will acquire 56.74% shares of SIL from its existing promoter group, Ravi Sanghi & family. The acquisition will be fully funded through […]
Even as top executives of Tesla are meeting up with Indian government officials to discuss its foray into the country, the US-based electric vehicle manufacturer has picked up office space in Pune’s Viman Nagar locality. The company’s India arm, Tesla India Motor & Energy, has leased the office spread over 5,850 sq ft in a […]
NOIDA: The Greater Noida Industrial Development Authority (GNIDA) after 12 years decided to take up the maintenance of the only freehold property ever sold in Greater Noida. It is a 100 acre prime plot in Sector Omega at Pari Chowk, which remained unkempt and turned into a wasteland. The GNIDA will sign an MOU with […]
CHANDIGARH: The Haryana town and country planning department on Tuesday announced the setting up of clusters of industrial units as well as warehouses on agricultural land. The department, while notifying the policy, also elaborated in detail the terms and conditions for the aspiring entrepreneurs keen to set up such industries. Barring the “hyper sensitive zones” […]
NOIDA: With the development of the Noida International Airport, the real estate sector in the region is gearing up for significant growth. To facilitate this expansion, the Yamuna Expressway Authority (YEIDA) aims to streamline and expedite the building approval procedures by adopting a digital platform. YEIDA has initiated the process of hiring a consultant company […]
Sify Infinit Spaces, a subsidiary of Information and communications technology (ICT) player Sify Technologies has leased over 1.5lakh sq ft office space in Hyderabad. The property is located in Nanakramguda in the financial district of Hyderabad. The office is spread over five floors and has a 60 months lease period. “The company will be paying […]
Singapore-based AT Capital’s real estate and infrastructure focused NBFC, Experion Capital, has made its debut investment in India by providing 200 crore as project finance for Vatika Group’s luxury residential project, Sovereign Park in Gurugram, three persons aware of the development said. The investment includes a term loan that aids in partial refinance to the […]
