Mahindra Lifespace Developers Limited (MLDL), the real estate and infrastructure development arm of the Mahindra Group, has launched Luminare Solaris, the next phase of its luxury residential project in Gurgaon, located at Sector 59, Golf Course Extension Road.
Track2Realty: The City and Industrial development Corporation (CIDCO) of Maharashtra has embarked on a Rs 20,000 crore infrastructure development for the nodes managed by it in Navi Mumbai and indicated that the first phase of the new international airport will be ready by December 2018.
Track2Realty Exclusive: Property markets across the country have shoot up in capital and rental values in tandem with the infrastructure development. Infrastructure development and better connectivity are two key elements behind property prices going up. Navi Mumbai, however, presents a different picture with arguably the best infrastructure development and connectivity in Mumbai.
Track2Realty-Agencies: IDFC Alternatives, real estate arm of Infrastructure Development Finance Corp. Ltd (IDFC) has bought assets worth about Rs. 250 crore in Pune’s real estate developer Paranjape Schemes (Construction) Ltd’s Hinjewadi Special Economic Zone (SEZ) for information technology (IT) and information technology-enabled services (ITeS) firms and luxury residential space.
Immediately after Ahmedabad-based power, port and mining company Adani Enterprises Ltd (AEL) decided to part with its real estate business a day ago, the Adani family clarified that they are keen on retaining Adani Infrastructure Development Pvt Ltd (AIDPL).
DLF has signed an agreement to divest all its stake in Galaxy Mercantile Ltd, a joint venture company between DLF Home Developers Ltd and Infrastructure Development Finance Company Ltd (IDFC).
DLF and The 3C Company are likely to sell their IT Park in Noida to Infrastructure Development Finance Company (IDFC) for about Rs.500 crore.
LIC Housing Finance Ltd plans to launch a Rs 500 crore venture capital (VC) fund for urban infrastructure development by September, according to its Director and Chief Executive Officer, V K Sharma.
Infrastructure development firm Phadnis Infrastructure plans to invest over Rs 1,700 crore in the next five years to fuel its expansion plans.
In view of the farmers agitation in Greater Noida, the surface transport ministry is learnt to have taken a u-turn from its earlier stand of facilitating land acquisition for both infrastructure development and real estate projects.