Incubex NestaVera to invest Rs 100 crore for expansion

By Rohit Sharma MUMBAI: Incubex NestaVera, a coworking firm, is investing close to Rs 100 crore to bolster its network across Bangalore and to expand in other cities such as Hyderabad, Pune and Mumbai and also planning to touch 1 million sq. ft. in the next 18 months. The company has raised the

Dubai developer planning to invest Rs 500 Cr in Mumbai realty

By Rohit Sharma MUMBAI: Gemini Group, a real estate developer based out of Dubai is planning to invest Rs 300-500 crore in Mumbai property market. The company is planning to launch its first project in Mumbai’s prime location by the first quarter of 2019. Sudhakar Rao - Chairman, Gemini Group, told Accommodation Times that,

CM Fadnavis requests PM for more homes, CRZ finalisation, Dharavi redevelopment project

 By Rohit Sharma NEW DELHI: The Chief Minister Devendra Fadnavis raised the issue for additional homes, CRZ finalisation, a fund for Dharavi Redevelopment project to Prime Minister officials at New Delhi on Friday. In a meeting with PM officials he said, a large number of households are being constructed under the Prime Minister's

Real Estate: Getting Turkish Citizenship Became Easier

By Accommodation Times Bureau ISTANBUL: Turkey has lowered the minimum amount of capital investment required to obtain Turkish citizenship from $2 million to $500,000 while the lower limit for granting citizenship to foreigners that buy real estate was also decreased from $1 million to $250,000. It has been a month since the amendment

Boost to Real Estate: Rise of e-commerce increases rates of Logistic & Warehouse

  By Rohit Sharma MUMBAI: The logistics and warehouse sector has rapidly seen the transformation in quality and quantity. It is been seen that as many as companies are investing in logistics and warehouse industry. Due to the rapid growth of E-commerce industry, it has automatically increased the demand for logistics and warehousing.

GIFT City Among Top Three Emerging Business Hubs in the World

By Accommodation Times Bureau GANDHINAGAR Hiranandani Signature, a project in the Gujarat International Finance Tech City (GIFT City) is also the first fully operational commercial tower within the international financial services Centre (IFSC) at GIFT City, said Dr Niranjan Hiranandani, CMD, Hiranandani Communities. India’s first International Financial Services Centre (IFSC) at the Gujarat

Puravankara plans to add 10 million sq ft commercial, retail by 2023

By Accommodation Times Bureau BENGALURU: The Puravankara Limited,  real estate developer is planning to add 10 million sq. ft. to its commercial and retail operations by 2023.  Puravankara has already acquired strategic land parcels in Bengaluru, Mumbai, Pune and Hyderabad. Currently, it has three commercial projects in Bengaluru – Purva Premier, Purva Mall

BEML bagged Rs 3,000 Cr order for Mumbai Metro

By Accommodation Times Bureau NEW DELHI: BEML, a public sector undertaking of the Government has bagged a contract for Rs 3,015 crore for Mumbai Metro Corridor. Ministry of Housing & Urban Affairs has contributed to this one of the biggest success stories under Make in India initiatives of the Government. The order

Holtec International to invest 4,800 Cr in Maharashtra

By Accommodation Times Bureau MUMBAI: The government of Maharashtra on Wednesday signed a memorandum of understanding (MoU) with the Holtec International which specialises in nuclear fuel storage systems, heat transfer equipment, with a view to developing a heavy fabrication facility to manufacture a high-end nuclear power plant equipment in the state. Maharashtra will be

Ease Of  Doing Biz: 25% of UK businesses saw corruption as a major barrier in 2018

By Accommodation Times Bureau MUMBAI: The UK India Business Council Ease of Doing Business Report, released today, highlights that UK businesses’ perceptions of corruption as a barrier to operating in India have halved since 2015. Based on an in-depth survey of businesses with a combined turnover of USD 122 billion, the report found only 25%