When choosing a developer for redevelopment, here are few points to keep in mind: Experience and Expertise: Look for developers who have a proven track record in redevelopment projects and demonstrate their ability to deliver projects on time. Assess their experience in the specific type of redevelopment you require, such as residential, commercial, or industrial. […]
NEW DELHI CapitaLand Investment (CLI) has launched a business park development fund, CapitaLand India Growth Fund 2 (CIGF2), with a target fund size of Singapore $525 million to invest in Grade A business parks in across India. CLI has secured S$263 million (Rs 16.3 billion) from a global institution for a 50% stake in the […]
NOIDA: There might be light at the end of the tunnel for 15,000 homebuyers in Noida’s Sports City projects, which have been stalled for not meeting the basic licence requirement of sports infrastructure being developed along with housing projects. Work on Sports City projects, which are also mired in complications caused by the sub-leasing of […]
NOIDA: Yamuna Expressway Industrial Development Authority (YEIDA) has launched two residential schemes, offering people a chance to secure their homes near the upcoming Noida International Airport. The flat scheme offers 468 flats, while the plot scheme offers 1,184 plots from 120-2,000 sqm in size. For the plot scheme, applicants will have time until September 1 […]
NCR-based Galaxy group has leased a land parcel from the Rail Land Development Authority (RLDA) for Rs 356 crore for a residential development in South Delhi’s Lodhi Colony. The developer is expected to invest another Rs 1,000 for development of projects including flats for railway staff. “Delhi has a lot of potential for modern construction […]
GHAZIABAD: An independent survey rolled out on the direction of the Meerut divisional commissioner to identify illegal constructions across Vasundhara township has identified at least 5,000 multi-storey buildings that have come up on single-use plots. A report prepared by the committee, formed after the DC’s office received multiple complaints on the violation of land use, […]
NEW DELHI: A 14-member expert committee on stalled real estate, headed by Amitabh Kant, has recommended a slew of measures to revive them, including handover of flats on an “as is where is basis” in projects that are nearly ready with homebuyers exempted from paying the remaining dues to the builder. It has suggested financing […]
NEW DELHI: Brookfield India Real Estate Trust (Brookfield India REIT) has completed a capital raise of Rs. 2,305 crore through a Qualified Institutional Placement (QIP) of units. Proceeds from the placement will be directed toward financing the announced acquisition of two large commercial assets from Brookfield Asset Management’s private real estate funds. The issue committee […]
NEW DELHI: A 14-member expert committee on stalled real estate, headed by Amitabh Kant, has recommended a slew of measures to revive them, including handover of flats on an “as is where is basis” in projects that are nearly ready with homebuyers exempted from paying the remaining dues to the builder. It has suggested financing […]
A consortium of KGK Realty (India) Limited and Dhoot Infrastructure Projects Limited has taken over the group housing project, Sare Gurugram, after the NCLT cleared the resolution plan for the project. The move will help over 1200 homebuyers and the company has already started giving possession. Sare Homes, a 47-acre project has 4 million square […]
NOIDA: Homebuyers and developers in the city have pinned their hopes on an expert committee headed by Amitabh Kant, who is currently the G20 sherpa, as it finalises its report on reviving stalled real estate projects. The panel, also comprising representatives from central government and states, has submitted its report to the Union ministry of […]
NEW DELHI: Ambuja Cements (ACL), the cement and building material company of Adani Cement and part of Adani Group, has acquired Sanghi Industries (SIL) at an enterprise value of Rs 5,000 crore. ACL will acquire 56.74% shares of SIL from its existing promoter group, Ravi Sanghi & family. The acquisition will be fully funded through […]
