CHD appoints Ravi Saund as COO
CHD Developers Ltd has appointed Ravi Saund as the Chief Operating Officer. He will continue to report to Gaurav Mittal, MD, CHD Developers Ltd.
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RBI makes real estate bank lending tough
The Reserve Bank of India has laid out strict and tedious due diligence standards for banks in sanctioning loans to the real estate sector.
DLF plans to sell stakes in Pune, Noida IT parks for Rs 1,300 crore
DLF, India’s largest real estate company, will sell its shareholding in two IT SEZs in Pune and Noida, for a combined value of Rs.1,300 crore.
Blackstone to fund Embassy’s 22% stake buy in Bangalore IT SEZ
Private equity giant Blackstone will finance south-based Embassy Property Development’s purchase of 22% stake in Manyata Tech Park, the country’s largest operational tech SEZ.
Wizcraft, Apra plan Kingdom of Dreams 2
Kingdom of Dreams, India’s first live entertainment complex, is all set to script its success story beyond the national capital region.
CREDAI Kochi plans e-toilets of Delight
In order to address the issues related with the public sanitation system in the city, the CREDAI, Kochi has come up with a proposal for the construction of electronic public toilet.
Bangalore civic body hits back at Mantri group
Corporators of the Bruhat Bangalore Mahanagara Palike, cutting across party lines, have accused the Mantri group of encroaching government land.
After Emporio, DLF dreams of another luxury mall
DLF is planning to expand its luxury retail business. Having opened its luxury mall Emporio in the Capital about two years ago, DLF is exploring an opportunity to open a similar outlet in Delhi in the near future.
Policy intervention needed for an organized real estate
Land acquisition has become a very contentious issue these days. There are some states where land acquisition has evoked public protest and at some places these are politically motivated as well.
Air India building: Under-utilization a national loss
I cannot help but feel puzzlement at Air India’s sudden decision not to rent out space in what is one of the most valuable real estate assets in the financial capital of Mumbai.