BENGALURU: Developers in London are revamping office spaces to suit the post-pandemic workforce, a survey showed on Monday, as weakening demand for workspaces poses a major concern in one of the world’s biggest financial hubs. New construction starts have jumped by a fifth in the six months ended March to 3.1 million square feet, Deloitte’s […]
NEW DELHI: Realty firm Macrotech Developers will double its investment on construction to Rs 2,800 crore in this fiscal to speed up works at various projects which were hampered last year due to the COVID-19 pandemic and a nationwide lockdown. Mumbai-based Macrotech Developer, earlier known as Lodha Developers, is one of the leading real estate […]
NEW DELHI: The State Bank of India (SBI) will sell three bad accounts to asset reconstruction companies or other financial institutions next month to recover dues of over Rs 235 crore, according to a sales notice. In terms of the bank’s policy on sale of financial assets, in line with regulatory guidelines, SBI said it […]
NEW DELHI: Macrotech Developers (Lodha Developers) has reported a 31 per cent growth in its net consolidated profit during January-March 2021 quarter, the company said in a BSE filing. Its profit after tax (PAT) stood at Rs 312.19 crore in Q4 FY21 as against Rs 238.44 crore it registered in the corresponding quarter previous fiscal. […]
NEW DELHI: Penna Cement has filed preliminary papers with capital markets regulator Sebi to raise Rs 1,550 crore through an initial share-sale. The initial public offer (IPO) comprises fresh issue of equity shares worth Rs 1,300 crore and an offer for sale of up to Rs 250 crore by the promoter, according to draft red […]
NEW DELHI: Union Minister for Finance & Corporate Affairs Nirmala Sitharaman on Thursday handed over possession to homebuyers of Rivali Park Wintergreen completed under Special Window for Affordable & Mid-Income Housing (SWAMIH). The residential project – Rivali Park, located in suburban Mumbai, was the first housing project in India to have received funding under the […]
NEW DELHI: Yes Bank has invited bids for sale of immovable assets of a borrower, E Commerce Magnum Solution Ltd, to recover dues of over Rs 345 crore. In an e-auction sale notice, Yes Bank said it took physical possession of the immovable properties mortgaged to it on August 29, 2020 pursuant to a demand […]
CHANDIGARH: The municipal corporation has sent a revised property tax notice of Rs 9.50 crore to Panjab University (PU), asking it to deposit it at the earliest. It comprises the principal amount as well as the arrears, which PU had not paid to the MC. About a couple of months ago, the civic body had […]
NOIDA: A Covid care facility with oxygen support that was to come up at Mahagun Moderne housing society in Sector 78 has run into a bureaucratic wall. The backdrop is an order issued by city magistrate Umashankar Singh to the Noida Authority to take charge of the project, which was initially a voluntary exercise by […]
NOIDA: The Noida Authority on Wednesday said it has allotted industrial land to 13 companies, including Adani Enterprises and Dixon Technologies, in a move that would bring in investments worth Rs 3,870 crore in Noida region, Uttar Pradesh. Adani Enterprises has been allotted 39,146 sq metres of land in Sector 80 for a proposed data […]
NOIDA: “The bouncers who had thrown the bed out, will keep it back,” Gautam Buddh Nagar DM Suhas L Y on Tuesday told a representative of real estate developer Mahagun Group after it came to light that they had disrupted an isolation centre made in a society for COVID-19 patients here. The bouncers had allegedly […]
NEW DELHI: Lenders and homebuyers of Jaypee Infratech Ltd (JIL) will meet on May 15 to discuss the revised bids submitted by state-owned NBCC and Suraksha group to acquire debt-laden realty firm through insolvency process. In a regulatory filing, Jaypee Infratech informed that a meeting of committee of creditors (CoC) will be held on May […]
