March 2024

To finish OSB Expressway project, builder to sell, mortgage commercial segment | Latest News Delhi

To finish OSB Expressway project, builder to sell, mortgage commercial segment | Latest News Delhi

The promotor of OSB Group on Sunday said it will complete the OSB Expressway Towers project in Gurugram’s Sector 109 either by selling the commercial component in the project, where it has a number of shops or by mortgaging the commercial component to a bank, people familiar with the matter said. The developer also said that construction of the project will begin on April 1 and it will be completed...

Yeida to issue registry permission for 10k apartments

Yeida to issue registry permission for 10k apartments

GREATER NOIDA: The Yamuna Expressway industrial development authority (Yeida) has decided to issue registry permission for at least 10,000 apartments in nine stalled housing projects, as the promoters have agreed to clear their land cost dues, the authority’s officials said on Sunday. Chief minister Yogi Adityanath, under his government’s campaign to address homebuyers’ plight, had okayed...

Promoters of electric cables firm buy two flats in Mumbai for ₹50.76 crore

Promoters of electric cables firm buy two flats in Mumbai for ₹50.76 crore

Promoters of wires and cables manufacturer RR Kabel Ltd, Sumeet Mahendrakumar Kabra and Mahendra Kumar Rameshwarlal Kabra, have bought two housing units in Prabhadevi, Mumbai, for ₹50.76 crore, documents accessed by Zapkey.com showed. Promoters of wires and cables manufacturer RR Kabel Ltd, Sumeet Mahendrakumar Kabra and Mahendra Kumar Rameshwarlal Kabra, have bought two housing units in...

JLL strengthens presence in North India, opens office in Noida

JLL strengthens presence in North India, opens office in Noida

Real estate consultancy firm JLL has opened a new office in Noida spread across an area of approximately 4000 sq ft, the company said in a statement. Real estate consultancy firm JLL has opened a new office in Noida spread across an area of approximately 4000 sq ft, the company said in a statement. "We have consistently maintained a market share of 30%-35% in Noida. Our dedicated office in...

CapitaLand India Trust acquires IT-SEZ project in Pune for ₹773 crore

CapitaLand India Trust acquires IT-SEZ project in Pune for ₹773 crore

CapitaLand India Trust (CLINT) has completed the acquisition of a 1.4 million sq ft multi-tenanted IT SEZ project in Hinjawadi, Pune, for ₹773 crore, the company said in a statement. CapitaLand India Trust (CLINT) has completed the acquisition of a 1.4 million sq ft multi-tenanted IT SEZ project in Hinjawadi, Pune, The company has “completed the acquisition of BlueRidge 3 Phase 1, a 1.4...

NBCC sells 2 lakh sq ft commercial space in South Delhi for ₹828 crore

NBCC sells 2 lakh sq ft commercial space in South Delhi for ₹828 crore

The government’s construction arm NBCC (India) Ltd has sold 2.05 lakh sq ft of commercial space for approximately ₹827.78 crore in the World Trade Centre project at Nauroji Nagar, New Delhi, on behalf of the government, the company said in a regulatory filing on March 1, 2024. The government’s construction arm NBCC (India) Ltd has sold 2.05 lakh sq ft of commercial space for approximately...

Billions awarded in Indian brothers’ Los Angeles real estate court feud

Billions awarded in Indian brothers’ Los Angeles real estate court feud

(Bloomberg) -- An obscure 21-year legal feud involving five brothers from India who’ve amassed a fortune in diamonds and Los Angeles real estate burst into public view this week with a multibillion-dollar US verdict that may be among the largest of the decade. An obscure 21-year legal feud involving five brothers from India who’ve amassed a fortune in diamonds and Los Angeles real estate...

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