The Enforcement Directorate (ED) on Thursday launched searches at five official and residential premises linked to the Hiranandani Group, one of Mumbai’s top real estate companies, as part of its investigation related to alleged contravention of provisions of the Foreign Exchange Management Act (FEMA), agency sources said. Representational image. People in the agency, however, refused to...
by THO
The growing consumer demand for entertainment experiences within retail spaces has led to a 179% Y-o-Y surge growth in entertainment segment leasing across seven Indian cities in 2023 and the momentum is expected to continue in 2024 as well. The growing consumer demand for entertainment experiences within retail spaces has led to a 179% Y-o-Y surge growth in entertainment segment leasing across...
by THO
Nuclear Energy: India’s private sector plans must get roles-responsibilities and the comms right Private entry into nuclear energy holds promise. But poorly conceptualised and unclear roles-responsibilities, skewed risk-return frameworks, lack of contractual clarity and effective dispute resolution frameworks...
by THO
Logistics and industrial leasing in India has crossed the 50 m sq ft mark in the last two years on the back of strong economic and industry fundamentals, rapidly growing sectors like manufacturing and third party logistics (3PL), and supportive government policies like the Production Linked Incentive scheme, a report by Cushman & Wakefield has said. Logistics and industrial leasing in India...
by THO Smiti Agarwal, wife of V Bazaar CMD, purchases Rs 95-crore apartment in Gurugram's DLF The Camellias According to the documents, the apartment having a size of 10,813 square feet is housed in DLF The Camellias, which is a high-end luxury condominium located on Golf Course Road, DLF Phase 5 in Gurugram. The...
by THO
The Delhi Metro Rail Corporation (DMRC) on Wednesday unveiled a new Operation Control Centre (OCC) at the Metro Bhawan – DMRC’s headquarters -- which will be used to monitor and control operations on the Red Line (Rithala to Shaheed Sthal New Bus Adda), the Yellow Line (Samaypur Badli to Millennium City Centre Gurugram) and three upcoming Phase-4 corridors, including the Golden Line...
by THO
A little after Partition in 1948, Ashok Sakhuja’s father, Brij Lal Sakhuja, opened his shop — a makeshift khokha that sold groceries — in the refugee market developed by the Land And Development Office (L&DO) in Lodhi Colony. In 1962, the market was renamed Meharchand Market, after Mehr Chand Khanna, the then Union minister for rehabilitation. MCD’s building department has cleared...
by THO
Cricketer Yashasvi Jaiswal has purchased an apartment in X (Ten) Bandra Kurla Complex in Mumbai for ₹5.38 crore, according to documents accessed by Zapkey. Cricketer Yashasvi Jaiswal has purchased an apartment in X (Ten) Bandra Kurla Complex in Mumbai for ₹5.38 crore(ANI) The size of the under construction apartment is 1,100-square-foot and is located in Bandra (East). The property deal...
by THO
The BT Tower, one of London’s most distinctive buildings, is set to become a hotel after BT Group Plc agreed to sell the site to MCR Hotels for £275 million. FILE PHOTO: A view of BT Group logo displayed on BT tower, in London, Britain, July 21, 2023. REUTERS/Hollie Adams/File Photo(REUTERS) The tower used to provide a number of network operations and antennas for connectivity, but the...
by THO
The government’s construction arm NBCC has received approval from Greater Noida Authority to develop unused and purchasable floor area ratio (FAR) in five Amrapali projects worth ₹10,000 crore, the company said in a regulatory filing. The government’s construction arm NBCC has received approval from Greater Noida Authority to develop unused and purchasable floor area ratio (FAR) in five...
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