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Monthly Archives: November 2019

Mumbai: Builders estimate Rs 140 crore needed for Patr...

During Wednesday’s meeting, MHADA officials had estimated the cost of construction to be Rs 27,500 per sq m. MUMBAI: Nine private developers had estimated the cost of Rs 140 crore and one-and-a-half years to complete the stalled rehab tenements in Siddarth Nagar-Patra Chawl redevelopment project, the Maharashtra Housing and Area Development Authority (MHADA) informed the Bombay High Court on Friday.On November 20, Justice SJ Kathawalla had …

Dehradun civic body to decide on commercial property t...

Sources said that the final call on whether or not to deduct the rate of commercial tax in these wards for the current fiscal will be taken by the DMC in a week. DEHRADUN: After taking into account the reservations of people who objected to the decision of Dehradun Municipal Corporation (DMC) imposing commercial property tax in the newly-added 40 wards of the city, the civic body on Wednesday …

DLF to invest Rs 1,500 crore in over 3 million sq ft o...

“We are developing 3.2 million sq ft office space in the first phase of this new project, located on national highway and adjacent to DLF Cyber City project,” DLF’s Managing Director (Rental business) Sriram Khattar told PTI. NEW DELHI: Realty major DLF‘s arm will invest around Rs 1,500 crore in the next two years on construction of over 3 million sq ft office space in Gurugram, …

Companies renewing office leases ahead of expiry to ca...

This office space precommitment activity is primarily being driven by technology and banking, financial services and insurance (BFSI) firms, said Gautam Saraf, managing director, Mumbai, Cushman & Wakefield. MUMBAI: Robust demand for Indian commercial real estate and rising rentals are pushing companies to renew lease deals ahead of expiry, as they seek to future-proof their businesses against cost escalation, according to a real estate advisory firm.This office space precommitment …

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Home sales in Jaipur up by 22%: Report

But as per the report by Liases Foras, an independent non-broking real estate research company, the beaten down sector in Jaipur is not out of woods. JAIPUR: Home sales have shot up by 22% in Jaipur in the quarter ended September compared to same period last year. According to the findings of a report tracking 35 top cities in the country, residential property sales have risen …

EFC leases about 1 lakh sq ft space in Gurugram

The company has also leased 69,000 sq ft space in Baner, Pune​​​​ and 33,000 sq ft space in Airoli, Navi Mumbai. NEW DELHI: Entrepreneur Facilitation Centre (EFC), a Pune-based co-working firm, has leased around 1,00,000 sq ft space along the Golf Course Extension Road in Gurugram, informed Umeash Sahhaaii, CEO of the company.The space has a seating capacity of 2,400 seats and the average rent here will …

Air India to raise around Rs 500 crore from its Connau...

State-run consultancy firm NBCC (India) Ltd has prepared a plan to monetise the debt-ridden national carrier’s vacant land at Baba Kharak Singh Marg near Connaught Place. NEW DELHI: Air India is set to raise around Rs 500 crore by developing 4.2 acres of vacant land near Delhi’s Connaught Place, the most expensive office location in the country, two people aware of the development said.State-run consultancy firm NBCC (India) Ltd has …

CG Power to sell its 80,000 sq ft office in Mumbai

The company is dealing with muted cash flows and huge debt at a time when an alleged fraud in the company has come to light MUMBAI: CG Power and Industrial Solutions will soon put on the block its corporate head office building, a landmark in Mumbai’s posh Worli area, as a part of its plan to monetise assets to help revive the cash-strapped company.The company is dealing with …

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