The proposed project is estimated to have a developable potential of approximately 1.6 million square of saleable area, comprising primarily of residential plotted development, the company said in a statement.
The year 2016 was an interesting one for real estate markets. A number of initiatives, like the passage of the Real Estate Regulatory Bill in March 2016, amendments to REIT guidelines in budget 2016-17 R
Metropolitan cities‘ real estate markets are no longer considered a safe haven for property investment. With a growing demand for a reduction in property rates, the chances of investing in metros are getting slim. R
Currently, the company is mainly focusing on building a future for Royal Enfield, says Siddhartha Lal, Managing Director and CEO of Eicher Motors.
Homes are not just about square feet of constructed space, but about the community which is made up of residents and the activities that bring them ...
Daimler India is following Prime Minister Modi's Make in India mantra. The company will soon be rolling out its new line of Bharat Benz buses from a facility near Chennai at an investment of Rs 425 crore. So what prompted Daimler to expand its manufacturing operations in India? CNBC-TV18's Jude Sannith reports.
The plant is expected to start production by the second quarter of 2015.
The proposed bus plant would come up in the existing plant campus itself on a 27.91 acre site and would manufacture front engine - school and staff buses - under Bharat Benz brand and rear-engine intercity luxury segment buses under Mercedes Benz.
CNBC-TV18's Poornima Murali reports that Tamil Nadu has lost its status as a top investment hub in India due to the increasing number of stalled infrastructure projects across the state.
Renault India today reported an over eight-fold jump in sales in March this year at 8,232 units on the back of strong sales of its SUV Duster. The company had sold a total of 1,005 vehicles during March 2012.
Tyre manufacturer major Apollo today said it proposes to set up a coal-based thermal power plant at its facility at nearby Oragadam. The proposed plant is being planned to manage power requirements at the facility.
Daimler India commercial vehicles, a unit of world's largest truck maker Daimler, has started production of its 9 tonne and 12 tonne light duty trucks at its plant in Oragadam near Chennai.