Hiranandani Parks successfully delivered 1 million sq. ft of villa plots in Chennai
NEW DELHI: Historically, owning a piece of land is valued as a tangible asset. Land is a scarce commodity that experiences perennial appreciation. The investment in the villa plot allows investors to diversify their investment portfolio as a low-ticket size tool. Investment in plots is a prudent decision that ensures better resale value and long-term […]
Indian economy fast-paced under PM Narendra Modi’s rule, says Amit Shah
CHENNAI: Union Home Minister Amit Shah on Saturday said the country witnessed fast-paced economic growth under the leadership of Prime Minister Narendra Modi and would achieve the USD 5-trillion economy goal by 2025. He said welfare schemes announced by the NDA government, including PM Awas Yojana for housing, and Swacch Bharat Abhiyan for construction of […]
DLF to invest Rs 550 crore to construct 1-mn-sqft office building in Chennai
NEW DELHI: Realty major DLF has announced an investment of around Rs 550 crore to construct a one-million-square-feet office building for Standard Chartered Global Business Services’ largest campus globally. Tamil Nadu Chief Minister M K Stalin laid the foundation stone of the office campus in ‘DLF Downtown’ project at Taramani in Chennai. In October 2020, […]
DLF launches 1,500 residential plots in Chennai
NEW DELHI: India’s top real estate company DLF has announced the launch of Chennai’s first-of-its-kind, nature inspired, theme based plotted development, Parc Estate off the Old Mahabalipuram Road. It offers 1,500 plots spread over an area of approximately 85 acres’ with plot sizes ranging from 600 sqft. to 4000 sqft., with an approximate price of […]
India to expand Public Electric Vehicle Charging Infrastructure across the nation
NEW DELHI: The Ministry of Power recently issued the revised consolidated Guidelines and Standards for EV charging infrastructure on January 14, 2022. The Government of India has undertaken multiple initiatives to promote the manufacturing and adoption of electric vehicles in the country. With the considerable expansion in the public EV charging infrastructure, the electric vehicles […]
Indian Army to procure 118 Arjun Mk-1A Main Battle Tanks for Rs 7,523 crore
NEW DELHI: The Defence Ministry placed an order to procure 118 Main Battle Tanks (MBTs) Arjun Mk-1A with the Heavy Vehicles Factory (HVF) in Chennai for the Indian Army on Thursday. The order, worth Rs 7,523 crore, will provide further boost to the ‘Make in India’ initiative in the defence sector and is a big […]
First Covishield consignment leaves Serum Institute for 13 locations
NEW DELHI: A decisive phase in India’s fight against coronavirus began in the wee hours on Tuesday as the first consignment of Covishield vaccines left Serum Institute of India for Pune airport, four days ahead of the nationwide inoculation drive launch. Three temperature-controlled trucks rolled out of the Serum Institute gates shortly before 5 am […]
Garden Reach Shipbuilders and Engineers laid keel of 2nd Survey Vessel in Chennai
NEW DELHI:Garden Reach Shipbuilders and Engineers Ltd., (GRSE) said that it has laid the keel of the 2nd Survey Vessel (Large) (Yard 3026) at Chennai’s Kattupalli. The Virtual Keel Laying ceremony was performed in the august presence of Vice Admiral Vinay Badhwar AVSM, NM, Chief Hydrographer to the Govt. of India. The ceremony was also […]
Ram Nath Kovind inaugurates Air India One flight
NEW DELHI: President of India Ram Nath Kovind on Tuesday boarded the Air India One — B777 aircraft — on its inaugural flight to Chennai. “The President of India, Shri Ram Nath Kovind boarded the Air India One – B777 aircraft for inaugural flight to Chennai today (November 24, 2020). He is visiting Tirupati, Andhra […]
Sumitomo Mitsui Banking infuses $600 million capital, opens branch in Chennai
NEW DELHI: Japanese multinational bank Sumitomo Mitsui Banking Corporation on Wednesday said it will infuse fresh capital of $600 million in its Indian operations in 2020 and also announced the opening of a branch here. In a statement issued here, it said that the Chennai branch will be its third foothold in India after its […]
DLF plans to develop 20 million square feet of office space in Gurugram, Chennai
NEW DELHI: Realty major DLF is planning to develop office space of about 20 million square feet in Gurugram and Chennai over the next 6-7 years, a top official said. Speaking to reporters here, DLF CEO Mohit Gujral said that about 11 million sq ft will be in Gurugram, while about 7 million sq ft […]
BMW unveils Chennai-made 530i M Sport, priced at Rs 59 lakh
CHENNAI: German luxury carmaker BMW on Thursday launched 530i M Sport in India, priced at Rs 59.2 lakh (ex-showroom). The model now comes with a petrol engine, is locally produced at Chennai and is BS-VI compliant, BMW said in a statement. The company already sells diesel variant of the model in the country. The 530i […]
Air India eyes Rs 800 crore from sale of over 70 properties
MUMBAI: Loss-making national carrier Air India plans to mop up Rs 700-800 crore by selling over 70 residential and commercial properties spread across the country, a senior airline official said on Thursday. This fresh bid is a part of the airline’s real estate assets monetisation plan approved by the then UPA government in 2012. As […]