Mitsubishi forays into Indian real estate, buys 70% stake in ongoing residential project

By Rohit Sharma CHENNAI Shriram Properties Limited and an investment arm of Mitsubishi Corporation, Japan recently have inked agreement for partnership in an ongoing large residential development project in Chennai. Under the agreement, Mitsubishi arm is investing approx Rs180 crores towards 70% stake in an ongoing residential project Shriram Park 63. The project

GIFT City: First Mover Advantage for Businesses That Opt for Hiranandani Signature

By Accommodation Times Bureau GANDHINAGAR Gujarat International Finance Tec-City (GIFT City) is India’s first operational Smart City and IFSC. Within the IFSC, Hiranandani Signature is the first fully functional commercial space. Hiranandani Signature represents the Green and Sustainable Construction aspects, which have been maintained while creating the commercial tower built as per

Valsad receives over 1 lac houses under PMAY-R

By Accommodation Times Bureau VALSAD The Prime Minister, Narendra Modi, on August 23, joined thousands of people in witnessing the collective e-Grihpravesh of beneficiaries of the Pradhan Mantri Awaas Yojana (Gramin) at a large public meeting in Jujwa village of Valsad district in Gujarat. More than one lakh houses were handed over

GIC to acquire 49% stake in Provenance Land for Rs 1000 Cr

By Rohit Sharma MUMBAI GIC, Singapore’s sovereign wealth fund, is in a process to acquire 49 per cent stake in a realty firm Provenance Land for an amount of Rs 1,000 crore, officials representing the realty firm said. Provenance Land owns a mixed-use development on over four acres of land in Worli, central

SAI estate Consultants acquire Hubtown Heaven mandate

By Accommodation Times News Service MUMBAI Sai Estate Consultants Chembur Private Limited (SECCPL), has recently acquired the sales mandate for one of the most desirable projects from Hubtown Heaven. SECCPL will help Hubtown Heaven connect with customers, assist in sales and also assist them in arranging home loans. SAI has seen an opportunity

DLF, GIC to invest Rs 1,250 Cr for residential project

By Accommodation Times Bureau NEW DELHI GIC Private Limited, formerly known as Government of Singapore Investment Corporation and DLF has entered into a JV for constructing two projects in Delhi. It will invest over Rs 1,200 crore for the next four years for a housing project. The two projects which will be

Omkar to launch mixed-use realty hub with estimated Rs 22,000 Cr topline revenue

By Accommodation Times News Service NEW DELHI Omkar Realtors & Developers is set to launch one of the country’s biggest mixed-use realty hub with an estimated Rs. 22,000 crore topline revenue under the brand name Omkar International District (OID), located near Andheri highway in Mumbai has notched up over 700 EOIs (Expression of Interest) from domestic and

Salarpuria Sattva, JP Morgan inks Real Estate Lease Deal

By Accommodation Times Bureau HYDERABAD Leading real estate developer, Salarpuria Sattva, on August 9, signed a 10-year lease deal with J.P. Morgan, the global banking and financial services provider, for premium office space at the upcoming Knowledge City project in Hyderabad. J.P. Morgan will take up 830,000 square feet across 16 floors within

Rs 1000 crore to be invested by Gaurs Group in NCR

By Accommodation Times Bureau NEW DELHI Gaurs group a leading Indian realty firm said in a conference today that it has started the affordable housing segment of its business. It further stated that it will invest Rs 1000 crore in development of two projects in the national capital region over the next

Platinum Corp launches Platinum Vogue, premium luxury housing project

By Accommodation Times Bureau MUMBAI Platinum Corp on Friday, announced the exclusive launch of its premium lifestyle housing project “Platinum Vogue” at Andheri West.  Bollywood actress Kangana Ranaut has been named a brand ambassador of the project unveiled the project at a glittering function followed by a fashion show held at the