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Monthly Archives: October 2019

Commercial realty leasing touches 47 million sq ft in ...

With this, office leasing activity is now expected to touch its highest level ever, estimated to be over 60 million sq ft in 2019. MUMBAI: Robust demand for office spaces has pushed commercial property leasing in the first three quarters of 2019 by 30% from a year ago taking it closer to entire 2018’s performance and making it certain that this year will surpass the peak …

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Noida Authority to execute registry of over 450 Amrapa...

On July 23, the court removed the Amrapali group from its housing projects, cancelling its registration and land lease deeds, and took control by appointing a receiver and asked state-run NBCC to complete the projects. NOIDA: The Supreme Court-appointed receiver has instructed the Noida Authority to execute the registry of 454 flats in Amrapali Sapphire Phase 1 in Sector 45. The documents for these flats have been verified …

Convenience stores to be only allowed inside societies...

GDA vice-chairperson Kanchan Verma said such shops are meant only for society residents, but the rule is never followed and they are thrown open for outsiders. GHAZIABAD: The Ghaziabad Development Authority has directed all upcoming residential colonies to allow convenience stores to be set up only inside its premises. The Authority officials said the decision has been taken to ease the traffic chaos caused due to shops present at the …

IL&FS to sell 2.78 lakh sq ft commercial space in...

The Dadar property, which comprises 18 units, is part of 129 units of residential and commercial property adding up to 4.85 lakh square foot developed area that the group is selling. MUMBAI: IL&FS has put on the block 2.78 lakh square feet of commercial real estate in Kohinoor Square at Dadar Mumbai as part of its efforts to monetise assets of the company.The Dadar property, which comprises 18 units, …

Omaxe in talks to raise Rs 400 crore for Delhi project

Omaxe, in this public-private partnership (PPP) project with North MCD is developing a multi-level parking-cum-commercial centre in Delhi’s Chandni Chowk. NEW DELHI | MUMBAI: Realty developer Omaxe is in advanced talks with private equity firms to raise over Rs 400 crore for its commercial project spread over 4.5 acres in Delhi’s Chandni Chowk, two persons familiar with the development said.Omaxe, in this public-private partnership (PPP) project with North MCD is developing …

WeWork India plans to raise about Rs 1,400 crore

“WeWork India has grown faster than any other global locations. We are in talks with global and domestic investors to raise money, mostly as structured debt,” said Jitu Virwani, chairman, Embassy Group. BENGALURU: We-Work India, a fully-owned subsidiary of Embassy Group, plans to raise $200 million (about Rs 1,421 crore) to fund its growth and more than double the number of desks it operates to …

CapitaLand plans to grow assets under management to $7...

The company will invest capital to grow development pipeline and work with capital partners to grow fund management business in the next five years. NEW DELHI: CapitaLand plans to grow its assets under management (AUM) in India from the current $3.3 billion (Rs 170 billion) to $7 billion (Rs 362 billion) by 2024, said Lee Chee Koon, Group CEO of the company in a media release.The company …

Embassy Industrial Parks to invest about Rs 2,100 cror...

“We have completed around 2.7 million sq ft area so far across three warehousing parks at Chakan, Bilaspur and Farrukhnagar,” the company’s spokesperson Aditya Virwani told in an interview. NEW DELHI: Embassy Industrial Parks will invest about USD 300 million (about Rs 2,100 crore) in the next three years to develop its ongoing logistic and warehousing projects, a top company official said.The company, a joint venture …

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