Construction

The Central Bureau of Investigation (CBI) has arrested Dheeraj Wadhawan, promoter of Dewan Housing Finance Ltd (DHFL), in connection with the ₹35,000 crore fraud with a consortium of 17 banks led by Union Bank of India, people familiar with the development said. Dheeraj Wadhawan. (File) Dheeraj, along with his brother Kapil Wadhawan, who is already lodged in prison, are accused of...

Realty major DLF has set a 15% growth target in sales bookings this fiscal at ₹17,000 crore as it plans to launch many luxury housing projects across Gurugram, Goa and Mumbai amid strong consumer demand, its MD Ashok Tyagi said. DLF has set a 15% growth target in sales bookings this fiscal at ₹17,000 crore as it plans to launch many luxury housing projects across Gurugram, Goa and Mumbai...

IKEA, the Swedish furnishing brand, has signed an Memorandum of Understanding (MoU) with Rhenus, a global logistics leader, to set up an over 1.5 lakh sq ft warehousing facility near Gurugram to provide home delivery services in the Delhi-NCR region. IKEA, the Swedish furnishing brand, has signed an Memorandum of Understanding (MoU) with Rhenus, a global logistics leader, to set up an over 1.5...

Agile Group Holdings Ltd., a Chinese developer of villa apartments and high-rise homes, defaulted for the first time on publicly issued dollar bonds, underscoring lingering distress amid the nation’s unprecedented property crisis.  Chinese Builder Agile Defaults for First Time on Dollar Bonds The company, based in the southern province of Guangdong, hasn’t paid interest within a grace...

Real estate company on Tuesday reacted after an old post featuring its advertisement on the now-collapsed hoarding in Mumbai's Ghatkopar. The company said it had rented the advertisement space for five days in April last year and that it does not own or manage the space. A 100-foot tall billboard was fell on a petrol pump and nearby houses at the Cheddanagar Junction in the Ghatkopar area.(X)...

Three people -- two delivery executives and an elderly resident of Paras Tierea Society in Sector 137, Noida -- had a narrow escape after a lift at the society malfunctioned on Sunday night and shot upwards, coming to a crashing halt on the 25th floor of Tower 25,senior police officers saidon Monday. The three people were going from the eighth floor to the ground floor when it suddenly reversed...

Three realty firms, ATS, Logix and Greenbay, have agreed to pay their dues and obtain permission for executing registries of apartments in Yamuna authority’s jurisdiction so as to provide relief to at least 4,000 homebuyers who have been awaiting flat registries in their names. These three realtors have townships -- each spread on 100 acres along Yamuna Expressway near the Formula One circuit...

Managed office solutions provider, Table Space, has taken on lease more than 13.5 lakh sq ft of managed workspace across Chennai, Mumbai, Hyderabad and Bengaluru on the back of increasing demand from corporates. Table Space has taken on lease more than 13.5 lakh sq ft of managed workspace across Chennai, Mumbai, Hyderabad and Bengaluru on the back of increasing demand from corporates. Table...

The National Company Law Appellate Tribunal (NCLAT) has said construction work at ATS Group’s Knightsbridge project may be carried out under the interim resolution professional (IRP) until further directions. NCLAT said the appeal filed by suspended director of the corporate debtor (ATS Group) submits that the ATS shall extend all assistance for carrying out the constructions. (Sunil Ghosh/HT...

Real estate major DLF Ltd on May 13 reported a 62% increase in its consolidated net profit to ₹920.71 crore in the quarter ended March on the back of strong housing sales, according to a regulatory filing. Real estate major DLF Ltd on May 13 reported a 62% increase in its consolidated net profit to ₹920.71 crore in the quarter ended March on higher income following strong housing sales,...