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Vijayawada: Land gets costlier in Jakkampudi due to af...

Surveys conducted by officials to identify government land to construct affordable houses in this region are the prime reason for the sudden increase in land prices. VIJAYAWADA: While interest in the real estate sector in the city declined with uncertainty over the capital, Jakkampudi, Kothuru Tadepalli and other villages surrounding the city are seeing a sudden boom in the price of land. Proposals for a few government …

Mercedes-Benz leases 3.5 lakh sq ft in Bengaluru for I...

The initial 3.5 lakh sq ft office space leased by the company will have capacity to accommodate around 3,500 employees. MUMBAI: The world’s largest luxury carmaker Mercedes-Benz has picked up 3.5 lakh sq ft of commercial space in Bengaluru’s eastern peripheral area of Brookefield on a 15-year longterm lease. The company is expected to lease 1 million sq ft here including the second tranche of 4 lakh sq ft next year, …

Over 25,000 flats in Noida to get dual power connectio...

Some of the complexes are Jaypee Aman, Sector 151, Tata Homes, Sector 150 and Zeal Developers, Sector 18. NOIDA: More than 25,000 new flats across 14 under-construction apartment complexes in the city will get dual point power connection of 5 to 10 kw each (depending on requirement) by March 2020.Some of the complexes are Jaypee Aman, Sector 151, Tata Homes, Sector 150 and Zeal Developers, Sector 18.The …

Nearly five lakh houses to benefit as Gujarat notifies...

Developers upbeat as amendments will put all redevelopment projects on fast track; nearly 5 lakh households to benefit AHMEDABAD: The final rules of the Redevelopment Act were notified on Thursday. With this, societies that had been waiting for redevelopment will be able to go ahead with their plans.The draft rules of the Gujarat Ownership Flats (Amendment) Rules, 2019 (Redevelopment Act), were released by the State government …

Godrej Fund Management to invest Rs 700 crore in Centu...

The proposed investment will be in a commercial project in north Bengaluru spread over 10 acres with a development potential of 2-3 mn sq ft. BENGALURU: Godrej Fund management (GFM), the real estate private equity arm of the Godrej Group has entered into a strategic partnership with the Centruy Group of Bengaluru to develop a commercial asset in a deal valued around Rs 700 crore.The proposed investment will be in a commercial project in …

Google leases 4.5 lakh sq ft space from Simpli Work in...

Earlier this year, the firm had taken up 5,00,000 sq ft of space in Bagmane Capital. BENGALURU | NEW DELHI: Google has signed a lease deal with flexible office space operator Simpli Work for a 4,50,000 sq ft area in Gurgaon to expand its operations, people in the know said.“The office will have a lockin period of three-four years, opposed to over five-seven years in a conventional office …

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ABL Workspaces invests Rs 7 crore to start co-working ...

ABL Workspaces has taken on lease 40,000 sq feet from landlord to open a co-working centre with 800 desks in Noida, Uttar Pradesh, the company said in a statement. NEW DELHI: Startup ABL Workspaces on Wednesday said it has invested Rs 7 crore to start a new co-working centre, comprising 800 seats, in Noida. This will be the company’s 9th centre in the national capital region.ABL …

Mumbai: JP Morgan leases 1.15 million sq ft office spa...

J.P. Morgan will take up about 1.15 million sq. ft. of office space that is expected to be delivered by the second quarter of 2021, the company said in release. NKP has a site area of 23 acres and is located on Mumbai’s Western Express Highway in Goregaon. MUMBAI: Real Estate developer Nirlon today signed a long-term leave and license agreement with J.P. Morgan, the global banking and …

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