Realty firm Ansal API is looking at a fund infusion of about Rs 500 crore from a host of private equity investors, including IL&FS Investment Managers and Red Fort Capital, for its ongoing construction work in north India.
The building which has come up in place of the open air stadium has 8 giant halls in petal shape on the ground level and an equal number on the first floor ringed by a corridor that can house small shops. What’s left of central playing area is a circle with a diameter of 60 meters, built like an amphitheatre. The floor has been cemented so the entire structure on the erstwhile stadium doesn’t have an inch of grass left.
Omaxe Infrastructure & Construction Ltd (OICL), a wholly owned subsidiary of Omaxe Ltd, has bagged a contract from Director General Married Accommodation Project (DGMAP), Ministry of Defence, to construct residential accommodation including allied services for Officers, JCO / ORs at Deolali (Army) and Nasik (Air Force), Maharashtra.
Apart from the clear CRZ, lease agreement, FSI and Green Zone violations, the Vallabhbhai Patel Indoor Stadium also goes against ULCRA rules. JR Jondhale, the then additional collector with Urban Land Ceiling Department had even written to the BMC in 2007 demanding that the construction of the indoor stadium be stopped.
The country’s largest realty firm, DLF, is today launching one of the costliest residential projects offering 38 luxury housing units at a price range of Rs 15-25 crore. The company will launch a super luxury residential project DLF King’s Court, which is spread over 2.3 acres of land at Greater Kailash-II in South Delhi, with a project cost of about Rs 700 crore, PTI reported, citing sources.
Italian fashion brand Alcott that had inked a franchise agreement with DLF Brands to enter India in 2008, is mulling to convert their partnership into a joint venture.
Sunil Mantri Group, a developer of residential and commercial spaces across 14 cities in India, has announced the launch of its landmark residential project Mantri Serene, nestled against the backdrop of the Aarey hills in Goregoan (East), Mumbai.
KORUM, Mumbai’s largest Shopping Mall by Kalpataru Retail Ventures Pvt Ltd, a Kalpataru Group company, has won the ‘Emerging Retailer of the Year Award’ (Real Estate) at the 7th Asia Retail Congress, held in Mumbai recently.
Sanjay Chandra, managing director of Unitech Ltd has been summoned by investigators to answer questions over a suspected telecoms fraud that robbed the government of billions of dollars.
Omaxe Ltd., the real estate and infrastructure development company has reported Consolidated Net Sales of Rs. 347.97 crore for the quarter ended December 31st 2010 as compared to Rs. 280.20 crore for the quarter ended December 31st 2009, registering a growth of 24.2%.