Groundwork begins for Rs 1,200 crore industrial park in Delhi
The Delhi government’s premier infrastructure development agency, DSIIDC, has started groundwork for setting up of a knowledge-based industrial park in South West Delhi at an estimated cost of Rs...
View ArticleDDA’s role as housing watchdog may get the axe
Delhi Development Authority (DDA) could soon lose its monitoring role over all housing activities in the national capital. The finance ministry has initiated work on creating a new regulator for the...
View Article‘12th Plan to focus on infrastructure creation’
The 12th five-year Plan has a clear set of priorities in the areas of infrastructure, water management, farm output and health and education, according to Saumitra Chaudhari, member of Planning...
View ArticleBengal set to amend Urban Land Ceiling Act
In the New Year, Mamata Banerjee’s government is finally in the process of readying its first formal sop for attracting investment in the state, seven months after she assumed charge of West Bengal....
View ArticleReliance To Invest Rs 1,500Cr In Network18 Group
Reliance To Invest Rs 1,500Cr In Network18 Group – Reliance Industries is embarking on a major diversification into the media and entertainment sector with the Mukesh Ambani firm agreeing to fund a...
View ArticleChina-based HNA Group joins race to buy DLF’s Aman Resorts
China-based conglomerate, HNA, has joined the race to buy Aman Resorts, the biggest non-core asset of realty major DLF, according to analysts and bankers. The 68 billion-RMB group, which is into...
View ArticleFDI in pension funds to source infra requirements: Assocham
FDI in pension fund management companies will further increase the volume of assets that can be invested in infrastructure. India needs one trillion dollars (about Rs 52 lakh crore) for infrastructure...
View ArticleCourt dismisses DLF plea on SEBI order
The Delhi High Court today imposed a cost of Rs 2 lakh on realty major DLF while dismissing its plea against market regulator SEBI’s order to probe an allegation that it duped a city-based businessman...
View ArticleBPTP buys out Merrill Lynch’s 49% stake in Gurgaon project for 180 crore
Real estate developer BPTP is buying back Merrill Lynch’s 49% stake in its Crest office building in Gurgaon for Rs 180 crore. The developer has its corporate office in the same building. Merrill Lynch...
View ArticlePEs forgo funds for project-based approach
Some real estate-focused private equity firms in India are opting to raise money from their investors, or limited partners, on a project-by-project basis, instead of a fund, as overseas investors shy...
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