NEW DELHI: Arkade Developers has signed a memorandum of understanding (MoU) to acquire 100% shareholding in Woollen and Textile Industries.
This marks the company’s second acquisition in Bhandup West, Mumbai. The deal involves a land parcel measuring 14,363.60 sq meters, with a total consideration of ₹148 crore.
NEW DELHI: Shares of real estate developer Kalpataru Ltd had a flat debut on Tuesday, opening at the issue price of Rs 414 but later rallied by over 9%. The stock began trading at Rs 414.10 on the BSE and gained momentum, increasing by 9.42% to reach Rs 453. On the NSE, it was listed at Rs 414, before climbing 9.37% to Rs 452.80. The company had a market valuation of Rs 9,121.99 crore in early trading. Kalpataru Ltd’s initial public offering (IPO) was subscribed 2.26 times by the end of bidding last Thursday. The IPO’s price band was set…
PRAYAGRAJ: For those looking to build homes in Prayagraj, there’s good news. The Uttar Pradesh Cabinet has approved the new Building Construction and Development Byelaws 2025. This means that individuals constructing homes on plots of up to 100 sqm will no longer need to seek approval for building plans. This initiative aims to make the construction process easier and will be implemented across various development authorities, including the Prayagraj Development Authority (PDA). The new bylaws represent a significant relief for middle-class families in Prayagraj. They will no longer face a burden of approximately Rs 1.25 lakh for map approval fees,…
Representative Image TRICHY: The Trichy corporation has initiated a campaign to identify neglected vacant plots in residential areas and locate property owners to issue notices according to the Tamil Nadu Public Health Act of 1939. So far, the local authority has sent out 170 notices, urging property owners to remove overgrown weeds and level their land to prevent water stagnation during the monsoon. Due to a lack of regular maintenance, shrubs often conceal these properties, and neighbors frequently use the abandoned sites as dumping grounds. Residents and large waste generators are also reported to use vacant lots along major roads…
