BUSINESS
All legacy dumpsites to be remediated under Swachh Bharat Mission 2.0: Hardeep Singh Puri
1,000 legacy dumpsites, including those in Delhi, containing 12.8 crore metric tonnes waste have been approved by MoHUA, with total project cost of more than 8,000 crore rupees, the minister said
BUSINESS
MC Explains: SBI’s insolvency plea against Jaiprakash Associates may lead to tough times for homebuyers
Going by the pace at which insolvency petitions are admitted and cases are resolved, the wait for thousands of JAL homebuyers may only get prolonged.
BUSINESS
Awfis to expand to 0.6 million sq ft by end of 2022 across seven tier-2 cities
The company expects annual revenue to touch Rs 100 crore from emerging metros over the next 12 months
BUSINESS
Rs 8,000 crore invested in the Model Economic Township Limited’s integrated industrial township in Haryana
Industrial land has been sold to 400 companies, including nine blue-chip firms. The total investments from these firms are expected to be around Rs 9,000 crore and will generate direct employment for 51,000 people once operations begin.
BUSINESS
Sebi’s nod to allow REITs, InvITs to issue commercial papers may make REIT listing attractive for more commercial portfolio owners
REITs are investment vehicles that own, operate and manage a portfolio of income-generating properties for regular returns.
BUSINESS
Noida Habitat Centre, heliport expected to be built on PPP mode: Noida Authority CEO
The Noida Authority has scrapped plans to build the two projects on its own. The proposed Habitat Centre alone will entail an investment of about Rs 600 crore.
BUSINESS
Avendus Capital leases four floors in Mumbai’s BKC for Rs 2.4 crore per month for five years
BKC has emerged as the default destination for most corporates operating in BFSI sector
BUSINESS
Noida Authority may launch a few plots for warehousing in upcoming schemes, says CEO
Large land banks suited for warehousing are not available in old Noida. The New Noida draft Master Plan will take into account those needs
BUSINESS
Urban planning should be decentralised and be done by states, says PM Modi
RERA has brought transparency to the real estate sector and protected homebuyers, Modi said. The PM also stressed the need for building audits to prevent collapse and fires, which, he said, remained a major concern in cities
BUSINESS
Nykaa leases 55,146-sq ft office space for Rs 70 lakh per month in Mumbai
The floors have been leased from Marathon Realty Private Limited
BUSINESS
The twin tower demolition sends out a clear message that if you’re in the wrong, you’ll have to pay: Noida Authority CEO
A slew of regulations introduced by the Noida Authority for purchase of land have reaffirmed Noida’s place as a serious and a ‘clean’ investment destination, says CEO Ritu Maheshwari
BUSINESS
MC Explains | Pets in housing societies: What’s allowed and what’s not
The tussle between pet owners and housing societies is a pan-India problem. While pet owners claim that rules framed by housing societies are arbitrary and illegal, Resident welfare associations (RWAs) maintain that the safety of the residents comes first. We decode the rights of the pet owners and how RWAs can go about pets on their premises.
BUSINESS
Land deals worth over $1.1 billion closed in first half of 2022 across top 8 cities: CII-CBRE
Real Estate Investment Trusts (REITs) are expected to get listed on the stock exchanges to monetise not only rent-yielding office but also retail and warehousing assets.
BUSINESS
Noida C&D plant functioning in order to process twin towers debris: UP CM informed
The Supertech twin towers demolition has left behind an estimated 80,000 tonnes of debris which is being recycled. Around 50,000 tonnes of debris will be used for filing the pit of the Supertech towers, while the remaining 30,000 tonnes is being transported to Noida's construction and demolition waste management plant in Sector 80 where it will be processed scientifically.
BUSINESS
Agarwal Holdings buys 75,000-sq-ft plot in Mumbai for Rs 332.8 crore
Of late, there has been a flurry of bungalow deals in Mumbai. Also, the trend of industrialists, corporate leaders and start-up owners purchasing ready-to-move-in luxury properties has continued in Mumbai even after the metro cess kicked in on April 1.
BUSINESS
MC Exclusive: DLF to begin work on second data centre in Noida; to invest around Rs 135 crore
Data centres are becoming a separate asset class that real estate companies want to add to their portfolios
BUSINESS
RWAs Versus Pet Parents: When ‘dog bites man’ makes the headlines
After some recent incidents of pets biting people, RWAs in Ghaziabad and Noida have started framing strict rules for pet owners. The latter have opposed these impositions, saying they are arbitrary and in violation of the law. We look at where RWAs, pet owners and the authorities stand on the issue and the way forward.
BUSINESS
IGE India buys two luxury apartments in Mumbai for Rs 151 crore
The agreement value of each apartment is Rs 75.50 crore and the area is 8,036 sq ft, the documents showed
BUSINESS
Karza Technologies co-founder buys Rs 70-crore duplex in Mumbai
The duplex apartment is on the second and third floors of the Legacy building on Khan Abdul Gaffar Khan Road in Worli Sea Face area
BUSINESS
Salman Khan leases commercial space in Mumbai to Future Retail arm for Rs 89.6 lakh per month
The monthly rent for the first year is Rs 89.6 lakh and Rs 94.08 lakh from the second year onwards. The company has paid a security deposit of Rs 2.68 crore
INDIA
In Pics | PM Modi to inaugurate revamped Central Vista Avenue today; a look at the facelift
The redevelopment project of the Central Vista, the country’s power corridor, envisages a new triangular parliament building, a common central secretariat, revamping of the three-kilometre Rajpath, a new prime minister's residence and office, and a new vice-president’s enclave.
BUSINESS
Will moderation in housing sales play spoilsport this festive season?
Builders are trying to drive demand by offering discounts and offering to bear some of the interest burden.
BUSINESS
Virat Kohli, Anushka Sharma buy land worth Rs 20 crore in Alibaug
The celebrity couple also leases a portion of Kishore Kumar’s bungalow in Mumbai, say reports
BUSINESS
Technology can provide accessible, inclusive environment for persons with disabilities: Minister Puri
Puri presented the Smart Solutions Challenge and Inclusive Cities Awards 2022 that are aimed at promoting people-centric design and to foster novel home-grown technological innovations and solutions
