CPP Investments to invest Rs 1,500 crore in its JV with RMZ Corp to build office spaces
NEW DELHI: Realty firm RMZ Corp has tied up with Canada Pension Plan Investment Board to develop office complexes in Chennai and Hyderabad and the latter will invest Rs 1,500 crore (USD 210 million) in the joint venture. Bengaluru-based RMZ Corp, which is one of the leading commercial real estate player, said it has entered […]
DDA gives preliminary nod to master plan-2041 for Delhi
NEW DELHI: The advisory council of the Delhi Development Authority (DDA) on Tuesday gave its preliminary approval to the draft Master Plan for Delhi-2041. The draft will now be put in the public domain for inviting objections/suggestions from the people of Delhi, said a DDA spokesperson. The DDA has prepared a draft MPD-2041, giving more […]
Wave City launches luxury residential project-Veridia
NEW DELHI: Wave City, one of India’s largest smart cities located in Ghaziabad, said that it has launched yet another exciting project called ‘Veridia’ in the luxury real-estate segment. The project located at Oakwood Enclave, spread across 24.47 acres of area with a unique configuration of Stilt+6 floors of 4bhk and 5bhk skyvillas, and are […]
Amazon moves Supreme Court against Delhi High Court stay order restraining Future-Reliance deal
NEW DELHI: Future Retail on Wednesday said Amazon has approached Supreme Court against a Delhi High Court order which stayed a single judge’s order restraining Future Retail Ltd from going ahead with its Rs 24,713 crore deal with Reliance Retail to sell its business. “The company’s advocates are in receipt of communication dated April 13, […]
Jaypee Infratech lenders ask NBCC to take government, regulatory nod on resolution
NEW DELHI: Lenders of Jaypee Infratech have asked state-owned NBCC to take the government’s approval for the revised bid that it has submitted to acquire the bankruptcy-bound real estate firm. NBCC, which offered 1,526 acre of land to lenders, has also been asked to give the break-up and locations where these land parcels are situated […]