Chennai metro rail phase 2 construction on the right track – ET RealEstate

File photo CHENNAI: While construction for phase-2 metro rail corridors has just commenced in some locations, Chennai Metro Rail Limited (CMRL) has begun procuring critical equipment required for driverless train, to get the 118.9km lines ready in less than five years. In October, CMRL floated four tenders to procure tracks, overhead equipment (OHE), telecommunication and […]

President inaugurates housing scheme for poor in Gujarat – ET RealEstate

File photo BHAVNAGAR: President Ram Nath Kovind inaugurated a housing scheme for people of the Economically Weaker Section (EWS) in Bhavnagar city of Gujarat on Friday evening. Kovind, who is on a two-day Gujarat visit, took part in a public event of handing over 1,088 houses built for the EWS under the Pradhan Mantri Awas […]

Madhya Pradesh announces scheme to provide free residential plots to families – ET RealEstate

BHOPAL: The Madhya Pradesh government has announced a scheme to provide free plots of land to families who don’t own one, so that they can lead a dignified life, an official said on Friday. Under the Mukhyamantri Awasiya Bhu-adhikar Yojna, the state government will provide plots to families that don’t have land to build their […]

WeWork gets $150 million investment from Cushman & Wakefield – ET RealEstate

BENGALURU: Real estate services company Cushman & Wakefield said on Friday it had invested $150 million in WeWork Inc, days after the office-sharing firm started trading on the New York Stock Exchange following a merger with a blank-check company. The investment comes months after the two companies announced a partnership to help expand the suite […]

Noida authority fines Supertech Cape Town for violating waste management norms – ET RealEstate

NOIDA The Noida Authority on Friday slapped a penalty of Rs 25 lakh on a group housing society over violation of solid waste management rules and for charging unauthorised fees from residents, officials said. An inspection was carried out by a Noida Authority team at Supertech Cape Town in Sector 74 over complaints of waste […]

Embassy REIT’s net operating income up 30% in Q2 FY22 – ET RealEstate

NEW DELHI: Embassy Office Parks REIT (Embassy REIT) reported 30% increase in its net operating income to Rs 624 crore, with 85% NOI margin, the company said in a BSE filing. Its revenue from operation was Rs 735.20 crore in Q2 FY22, up 36 per cent from Rs 540.10 crore it recorded in the similar […]

Land sharks encroach 40% land of Secunderabad cantonment board – ET RealEstate

File photo SECUNDERABAD: Taking advantage of the pandemic-induced lockdowns, land sharks have encroached crores worth of ‘40 per cent land,’ given to Secunderabad Cantonment Board by developers and housing societies. Residents are demanding SCB officials to develop parks in such areas, similar to those in GHMC area, to deter encroachment. The Cantonment currently has around […]

Over 4,000 buildings are without fire NOC in Gujarat – ET RealEstate

AHMEDABAD: The state government on Thursday submitted before the Gujarat high court that there are over 4,000 buildings in municipalities and municipal corporations, which are required to have fire NOC but do not possess valid fire NOC. The authorities intensified efforts to ensure fire NOC in buildings, hospitals and education institutes after the high court’s […]

Greater Noida: GNIDA identifies two plots to develop flats for the poor – ET RealEstate

Representative Image GREATER NOIDA: While 750 applicants have registered for the Pradhan Mantri Awas Yojana (PMAY), the Greater Noida Authority has identified two plots of a total of 73,421 sqm for an e-auction to builders for developing flats under the scheme. These plots are in sectors 2 and Omicron 1A. The e-auction will take place […]

Salesforce leases seven lakh sq ft of office space in Hyderabad – ET RealEstate

File Photo Software major Salesforce.com Inc. has taken up about 700,000 sq ft of office space in Hyderabad on lease, according to a person aware of the deal, making the city its biggest hub in India and one of its largest engineering and customer service centres globally. The new Salesforce office will come up in […]