Zurich starts work on selecting agency to construct Noida airport – ET RealEstate

Representative Image GREATER NOIDA: The Noida International Airport project is fast gaining momentum. The subsidiary of Zurich AG, appointed to develop the greenfield airport, on Monday floated tenders to commence construction work. The company, Yamuna International Airport Private Limited (YIAPL), has begun the process of selecting the contractors for engineering and construction of the terminal […]

Gurugram residents raise electricity-related issues with Haryana power minister – ET RealEstate

GURUGRAM: At a meeting with Haryana power minister Ranjit Singh Chautala on Monday, residents of the city aired their grievances on various electricity-related issues, including inflated bills due to defective smart meters, irregular billing, poor power infrastructure and lack of its upkeep, and poor consumer redress mechanism. Jaimini Vandana, RWA president of South City-1, said, […]

Two illegal colonies razed in Manesar, 10 acres of prime land freed – ET RealEstate

GURUGRAM: The enforcement team of the department of town and country planning (DTCP) razed two illegal colonies spread on 10 acres of prime land in Bhangrola village of Manesar on Monday. During the demolition drive, three under-construction houses, two warehouses, 10 other structures and a borewell were razed by the enforcement team. The team also […]

Fate of Kochi smart city projects in balance – ET RealEstate

KOCHI: As the deadline for completing projects under smart city ended on March 31, chances are high for Kochi losing some of the mega projects. According to the officials with Cochin Smart Mission Ltd (CSML), the Union government hasn’t given any instruction regarding extending the deadline. Of the total projects worth Rs 1,754 crore, works […]

WeWork India raises Rs 200 crore – ET RealEstate

NEW DELHI: WeWork India has raised Rs 200 crore from investors, through a mix of debt and equity, the company said in a media release. Karan Virwani, CEO, WeWork India, said, “The new capital we have raised will help us in continuing our upwards momentum and truly explore the potential of flexible workspaces in the […]

Gurugram: Twenty bouncers in tow, OSB Group tells buyers project delayed – ET RealEstate

GURUGRAM: After repeated requests of meeting, two representatives sent by the builder of OSB Expressway Towers, an affordable housing project in Sector 109, met a group of aggrieved homebuyers in the presence of 20 bouncers on Sunday. According to the buyers, since its launch in 2016, only 50% of the work has been completed. The […]

CPP Investments to invest Rs 1,500 crore in its JV with RMZ Corp to build office spaces – ET RealEstate

NEW DELHI: Realty firm RMZ Corp has tied up with Canada Pension Plan Investment Board to develop office complexes in Chennai and Hyderabad and the latter will invest Rs 1,500 crore (USD 210 million) in the joint venture. Bengaluru-based RMZ Corp, which is one of the leading commercial real estate player, said it has entered […]

HDFC chairman’s family buys Rs 50-crore sea-view apartment in Mumbai’s Worli – ET RealEstate

Housing Development Finance Corporation (HDFC) Chairman Deepak Parekh’s family has purchased a sea-view apartment spread over 7,450 sq ft in K Raheja Corp’s super-premium project Raheja Artesia in Mumbai’s plush Worli locality for Rs 50 crore. The deal was registered in the name of his wife Smita Parekh on March 30, just a day before […]

SCTL, Trida to share revenue for three Thiruvananthapuram smart city projects – ET RealEstate

Representative image THIRUVANANTHAPURAM: Smart city Thiruvananthapuram Ltd (SCTL) and Thiruvananthapuram development authority (Trida) will share the revenue generated from three smart city projects being implemented at Palayam and Chalai. The state government has approved the revenue sharing model between SCTL and Trida in developing the three projects — rehabilitation block at Palayam (on M block […]

IRSDC invites tender for mixed-use development of Delhi’s Bijwasan railway station – ET RealEstate

Representative Image NEW DELHI: The Railways has invited request for proposals for leasing a land parcel here for mixed-use development as part of the Bijwasan railway station development project. The total land area available for mixed-used development is 18,000 square metres and is available for bidders on lease hold rights for a period of up […]