Construction

Money laundering: ED attaches fresh ₹59-cr worth assets of IREO, others

The Enforcement Directorate (ED) on Tuesday said it has attached fresh assets worth about ₹59 crore of real estate company IREO and some others as part of a money laundering investigation. The Enforcement Directorate (ED) on Tuesday said it has attached fresh assets worth about ₹59 crore of real estate company IREO and some others as part of a money laundering investigation. | X account)...

Greater Noida authority issues notice to owners of illegal buildings on Hindon floodplains

The Greater Noida authority has issued notices to owners of structures built illegally on the floodplains of river Hindon, thereby damaging the river ecology, said officials in the know of the matter on Tuesday. Owners have been told to demolish the unauthorised structures on the Hindon floodplains, in Greater Noida. (HT Archive) The authority has issued a total of 350 notices to owners of...

CapitaLand Investment appoints Sumit Gera as Chief Executive Officer, India Business Park

CapitaLand Investment Limited (CLI) has appointed Sumit Gera as Chief Executive Officer (CEO), India Business Park, the company said on May 21. CapitaLand Investment Limited (CLI) has appointed Sumit Gera as Chief Executive Officer (CEO), India Business Park, the company said on May 21. Gauri Shankar Nagabhushanam has been appointed as CEO (Designate) of CapitaLand India Trust (CLINT),...

Shriram Properties Limited signs joint development agreement for a 4-acre land parcel in Bengaluru

Bengaluru-based real estate developer Shriram Properties Limited has signed a Joint Development Agreement (JDA) for development of a 4-acre housing project in Yelahanka, Bengaluru, with an estimated revenue potential of ₹250 crore, the company said in a regulatory filing on May 21. Bengaluru-based real estate developer Shriram Properties Limited has signed a JDA for development of a 4-acre...

Noida secured investment of ₹1 lakh crore after allotting 149 plots in 2023-24

The Noida authority allotted land to at least 149 projects, including IT, corporate houses. MNCs and housing, to bring in an investment of ₹103,000 crore in financial year 2023-24, said a report sent to the state government recently. In last one year, 448 investors have signed memorandums of understanding with the state government, which refers these proposals to the respective industrial...

China’s housing rescue too small to end crisis, analysts say

(Bloomberg) -- China’s latest housing initiative is aimed at vacant properties, a major pain point in a crisis that’s dragged on for almost three years. But analysts say the package of measures is still too small to end the rout. China’s latest housing initiative is aimed at vacant properties but analysts say the package of measures is still too small to end the rout.(Bloomberg) The...

Yeida inspects Jaypee Sports City after Allahabad high court order

The Yamuna Expressway industrial development authority (Yeida) has conducted an inspection of the Jaypee Sports City project site for a status update of the current condition of this realty project, the authority has revealed. The move followed the Allahabad high court’s directions to Yeida to check the current status and submit a report about it so that the court could decide the case...

Billboards: Cluttering urban eyeline, posing life threat | Latest News Delhi

In his 2016 book The Great Derangement, author Amitav Ghosh issued a dire warning: “The thousands of billboards that encrust Mumbai” would turn into “deadly projectiles” in the event of a major storm. Such a scenario may have seemed improbable to many. Yet nearly a decade on, disaster struck on May 13 this year, when a colossus 120x120 foot advertising hoarding came crashing down during a...

Smartworks expands Pune portfolio; leases 6 lakh sq ft office space

Managed workspace platforms, Smartworks, has announced the expansion of its Pune portfolio and has added over 6 lakh sq. ft of prime office space, bringing its footprint in the city to over 3 million sq. ft, the company said in a statement. Smartworks, has announced the expansion of its Pune portfolio and has added over 6 lakh sq. ft of prime office space The company has leased the space for...

Certus Capital to invest ₹125 crore for upcoming housing project in Chennai

Certus Capital, an institutional real estate investment firm, will be investing ₹125 crore in an upcoming residential project in Chennai undertaken by real estate developer Casagrand through secure bonds platform Earnnest.me, the company said on May 17. Certus Capital, an institutional real estate investment firm, will be investing ₹125 crore in an upcoming residential project in Chennai...

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