Mukesh Ambani has sold his plush 21-storey building in the commercial district of Nairobi to the World Bank for nearly $23 million (approx Rs.115 crore), making it the largest single property deal in East Africa.
Integrated township, 5-star hotel, shopping malls, multiplexes, and luxury apartments… backed by the NRI investment Nagpur is fast catching up on the real estate map of India to emerge as the tier I city.
Singapore-based Ascott Group, which operates serviced residences across the world, is finally opening its doors to India.
The 10th edition of Green Building Congress is being organized by the Confederation of Indian Industry (CII) from October 20-22 in New Delhi.
Malabar Builders, the real estate development arm of jewelery retail chain Malabar Gold, is planning to launch its first township project in Mangalore with an investment of Rs.500 crore.
Retail chains across the country are signing up for space in a big way, after a long pause that had followed the economic downturn.
The south Indian hospitality market would see an addition of 14,500 new rooms in 178 star hotels across southern states by the end of year 2012.
Regus, provider of flexible workplaces, is set to make major investments to capitalise on the accelerating global trend toward flexible working.
The Kerala Government is planning to start a ‘Kerala Construction Academy’ which will impart short-term training to unskilled workers in the construction industry.
Norwegian telecom giant Telenor has started a process to raise up to Rs.8,000 crore in its Indian joint venture with real estate developer Unitech, said a top company executive.