Birla Estates has ventured into the Mumbai redevelopment market by collaborating with Parinee Real Estate Builders for a project in Khar West. This partnership will redevelop the Anmol and Bhartiya Bhavan Co-operative Housing Societies, featuring a saleable area of 2.9 lakh square feet and a projected revenue potential of ₹1,700 crore.
Related Posts
HC directs Meghalaya to acquire airport land in four months
GUWAHATI: The Meghalaya High Court has instructed the Ri-Bhoi Deputy Commissioner (DC) and the Transport Department to complete the acquisition of 11.75 acres of private land for Shillong airport’s expansion by January 10. This land is to be handed over to the Airports Authority of India (AAI). The directive was issued by Chief Justice Soumen Sen and Justice W Diengdoh, highlighting the urgency and delays in securing the necessary land. The bench noted that the state government’s report indicated that the Ri-Bhoi DC would take steps to clear any encumbrances and transfer the land by January 20. Following this, the…
CCI Approves Vedanta’s Bid for Jaiprakash Associates
NEW DELHI: The Competition Commission of India (CCI) announced on Tuesday that it has granted in-principle approval for mining giant Vedanta’s proposal to acquire the financially troubled Jaiprakash Associates, contingent upon winning the ongoing insolvency auction. Besides Vedanta, the CCI has also approved acquisition proposals from Jindal Power, PNC Infratech, Adani Group, and Dalmia Bharat for Jaiprakash Associates. “The proposed transaction involves the acquisition of Jaiprakash Associates Ltd (JAL) by Vedanta Ltd (the acquirer) as part of a corporate insolvency resolution process (CIRP) under the Insolvency and Bankruptcy Code, 2016,” stated the regulator in an official release. The CCI confirmed…
US Firms Account for 33% of Office Demand in India’s Top 7 Cities
NEW DELHI: US companies have leased 64.5 million square feet of office space in India from 2022 to 2024 across seven major cities, accounting for more than one-third of total workspace leasing, according to JLL India. Data from real estate consultant JLL India shows that the total gross leasing of office space during the 2022-2024 period reached 190 million sq ft across Delhi-NCR, Mumbai, Chennai, Kolkata, Bengaluru, Hyderabad, and Pune. Of this, US firms rented 64.5 million sq ft of office space primarily to establish their Global Capability Centers (GCCs). Approximately 70% of the office space rented was for setting…