NEW DELHI: Smartworks, the home-grown shared office space provider, will invest up to Rs 100 crore in expanding its presence in the national capital region (NCR), its founder Neetish Sarda told ET. The company is in the final stages of acquiring 5 lakh sq ft in NCR. “We are seeing a lot of traction in […]
NEW DELHI: The Builders Association of India (BAI) staged a day-long strike on Friday at construction sites alleging price cartelisation in cement and steel industry. The association demanded that the government appoint regulatory authorities in these two industries. The BAI staged nationwide dharna and day-long strike on Friday to attract the attention of the government […]
NEW DELHI: Embassy Office Parks REIT on Friday reported a 15 per cent decline in consolidated net profit to Rs 214.79 crore for the third quarter ended December and announced Rs 2,300 crore investment over the next three years to develop nearly 6 million sq ft of commercial space. It also declared a distribution of […]
NOIDA: After imposing fines to the tune of Rs 4 crore on 25 builders for non-compliance of its orders in favour of homebuyers, UP-Rera is now hearing the offenders out one-on-one. Top executives of Supertech Group and the Logix group turned up at the regulator’s door on Wednesday and Thursday, respectively, to negotiate and make […]
GURUGRAM: Homebuyers of BPTP Spacio in Sector 37D have alleged the developer is forcing them to pay over Rs 15 lakh as escalation charges while the project has been delayed by over seven years. The project was launched in 2010 by BPTP Limited with the promise of possession by 2014. Buyers said they have paid […]
NEW DELHI: Realty major DLF has leased 210,000 sq ft of office space to US healthcare company Syneos Health, in one of the largest deals in commercial real estate in Delhi-NCR in recent times, three people aware of the development said. The company has taken space in DLF Downtown, an upcoming project in Gurgaon. The […]
NEW DELHI: The Delhi High Court on Thursday declined to interfere with theEast Kidwai Nagar redevelopment project saying it was in tune with the Master Plan of Delhi (MPD) approved by various statutory authorities. The high court also said it cannot reassess the project in the absence of any specific challenge to the permissions for it. […]
NEW DELHI: Mindspace Business Parks REIT has reported net consolidated profit of Rs 140 crore during the third quarter of the FY21, the company said in a BSE filing. The company’s net consolidated income stood at Rs 431.60 crore during the said quarter. The Governing Board of K Raheja Corp Investment Managers LLP, Manager to […]
NEW DELHI: Realty firm Prestige Group has tied up with co-working operator Awfis to set up six centres, comprising around 4,000 desks, in Bengaluru, Hyderabad and Chennai with an investment of about Rs 40 crore. Bengaluru-based Prestige Group and Awfis will jointly invest to set up these centres and also share revenues. These six centres, […]
GURUGRAM: Three residents of Punjab, including a woman, were arrested by Gurugram police on charge of involvement in fraudulent sale of immovable properties totalling Rs 523 crore in the district. Officials said that the gang used to forge documents related to plots of land owned by NRIs in Ansal Townships and sell them to unsuspecting […]
NEW DELHI: Mindspace Business Parks REIT has reported net consolidated profit of Rs 140 crore during the third quarter of the FY21, the company said in a BSE filing. The company’s net consolidated income stood at Rs 431.60 crore during the said quarter. The Governing Board of K Raheja Corp Investment Managers LLP, Manager to […]
Premium co-working space provider ABL Workspaces, has raised Rs 5 crore, as part of its Pre-Series A round from Wurk, a Canadian Investment Firm. The newly raised funds will be utilised to strengthen the company’s operations in the capital region and support its effort to double the seating capacity to 2,500 by March 2022. “The […]
