Former Indonesian President BJ Habibie’s Billion-Dollar Project To Transform Batam Island

By Rohit Sharma BATAM: Many people often associate Indonesia's Batam island with its beautiful sandy beaches and lush resorts, but retain the perception that the island is underdeveloped and lacking an urban landscape. However, this is all going change as soon as next year, when Batam locals and travellers can look forward

After Retail Success of Japanese Chains, Hamee Looking to Replicate E-commerce Growth in India

By Accommodation Times Bureau MUMBAI: India, being the second most populous country in the world, has been an attraction for a large group of investors from around the globe to expand to new business opportunities and to capitalize on the growth. Having the youngest population percentage in the world, the country has dominance

Coworly launches India’s first coworking search and reservation platform for Delhi-NCR

By Accommodation Times Bureau DELHI: Coworly, an online co-working space reservation business, has announced the launch of its operations in the Delhi-NCR region. Coworly aims to reshape the way professionals search for and compare coworking and alternative office space solutions. Coworly enables its partners/advertisers to grow their businesses by providing access to a

Embassy REIT raises Rs 1,743 Cr from anchor investors 

By Rohit Sharma MUMBAI: Embassy Office Parks REIT has raised Rs 1,743 crore from anchor investors. It has allotted 5,81,05,600 units at Rs 300 per unit aggregating to Rs 1,743.17 crore. Embassy Office Parks REIT, a joint venture (JV) between Blackstone Group and Bengaluru-based developer, is set to raise Rs 4,750 crore in

Raj Housing Board Chairman directs officials to File FIR against encroachers

By Accommodation Times Bureau JAIPUR: Chairman of Rajasthan Housing Board Bhaskar Sawant on Friday directed the contractors to complete the incomplete housing projects by following the board rules so that accommodation can be allotted to the people. While addressing the meeting of the Engineers at board headquarters on Friday, Sawant said, “Those contractors who

Shraddha Landmark opts HDFC ERGO’s Title Insurance policy for upcoming project

By Accommodation Times Bureau MUMBAI: Shraddha Landmark Private Limited (SLPL) for their upcoming project in Bhandup has adopted Title Insurance policy of HDFC ERGO. Title insurance has been developed stemming from the requirement of the Real Estate Regulation and Development Act 2016 (RERA), which mandates the purchase of Title Insurance for all new

State Govt increases number of society members to hold election on their own

By Accommodation Times Bureau MUMBAI: The state government has increased the number of society members to conduct the election. In 2018, an ordinance was passed in which it stated that society can self-conduct elections of the committee if the society has less than or up to 200 Members and on March 9 Maharashtra

Marathon Group & Adani Realty JV eyes Rs 2,400 Cr revenue from Byculla project phase 1 & 2

By Rohit Sharma MUMBAI: Marathon Group & Adani Realty - joint venture for Monte South is eyeing Rs 2,400 crore from the phase 1 and 2 of its 12 acres premium residential project at Byculla, said the top official of Marathon Group. On Thursday the company launched the second phase of Monte South

Stockholm Region: 111 billion Euro investment potential

By Rohit Sharma The planned construction projects within the Stockholm region show a total investment volume of Euro 111 billion until the year 2040. Stockholm is the capital of Sweden. According to Invest Stockholm’s report, the largest investment share is in housing, with an investment volume of Euro 60.7 billion, followed

Bank of India raises Rs 660 Cr by selling shares to employees

By Accommodation Times Bureau NEW DELHI: Under Employee Share Purchase Scheme (ESPS), Bank of India (BoI) on Tuesday said it has raised around Rs 660 crore. The Bank issued a share to its employee under ESPS. Bank in a statement said, 4, 25, 52,188 shares for Rs 10 each to employees has been issued. It