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

Japanese company to fund Haryana’s Global City

By Accommodation Times Bureau Haryana Government is developing a Global City over 1000 acres area in district Gurugram, Industries and Commerce Minister, Vipul Goel said on Thursday. This global city is poised to serve as an important node to Delhi–Mumbai Industrial Corridor (DMIC) sub-region of Haryana and carries an investment potential of USD 15 billion. Vipul Goel

Oakwood to develop new project in Hyd worth Rs 175 Cr

By Accommodation Times Bureau HYDERABAD Oakwood Worldwide an arm of Mapletree Investments signed an agreement of Rs 175 crore with Kapil Group for setting up second property in Hyderabad market. Dean Schreiber, Managing Director, Asia Pacific, Oakwood Worldwide, said, “Hyderabad has been developing at a rapid pace with its emerging IT, pharmaceutical sectors

Indian Companies Overseas Foreign Direct Investment Set to Rise: CII

By Accommodation Times Bureau Given stable market conditions and the significant impact created by Indian companies on local economies, Indian overseas investments are likely to go up. As per the latest World Investment Report of UNCTAD, India’s total cumulative stock of Overseas Foreign Direct Investment (OFDI) amounted to $155 billion in 2017. Indian

Is Allotee under allotment letter mentioned as “Investor” is real investor to be treated as Co-promoters?

By Dr Sanjay Chaturvedi, LLB, PhD  Mr. Ketan Gagra V/s JVPD Properties Pvt. Ltd (CC006000000001312) Order Dated: 11th April 2018 The complainants have filed these complaints under SecfLon7,72 & 14 of the Real Estate (Regulation and Development) Act, 2015 (RERA) to claim refund of ttteir amount from the respondents with interest. The