NEW DELHI: Arbour Investments plans to invest ₹105 crore in Bengaluru-based ELV Projects’ two residential developments – ELV Highgarden and ELV Kingsland – in Whitefield.
As part of the transaction, the company has already disbursed the first tranche of ₹20 crore.
The projects span a combined built-up area of 11,73,528 sq ft, comprising 596 residential units across five towers. The projects are slated for completion by October 2026.
PANAJI: Goa has lost Rs 107 crore as the town and country planning (TCP) department gave concessions to commercial establishments by not levying fees for additional floor area ratio (FAR), a Comptroller and Auditor General (CAG) report has said. But the loss shoots up to over Rs 2,000 crore if it is calculated on the rate recommended by the finance department, the audit report said. The TCP department granted 10.7 lakh sqm additional FAR to 321 commercial establishments on their request without levying any fees, while the finance department had directed the TCP to charge Rs 1,000 per sqm on…
As part of its broader strategy to expand operations in India and build a local ecosystem for future manufacturing and supply chain activities, Tesla has leased a new commercial space in central Mumbai’s Kurla west area, marking another step in its India entry. The new premise will be utilised to set up a vehicle service center. This is Tesla’s fourth commercial space in India, after its engineering facility in Pune, a registered office in Bengaluru, and a 30-seater office near Mumbai’s central business district, Bandra Kurla Complex (BKC) secured for a year. This is also the second commercial transaction concluded…
NCC Urban Infrastructure Ltd has forayed into the Mumbai Metropolitan Region’s property market through a redevelopment project with development potential of 4 lakh sq ft in western suburb Versova. The company has signed a development agreement with a housing society for the project estimated to generate approximately Rs 700 crore in revenue and is part of the company’s broader expansion strategy, the company said in a release. Real estate projects involving the redevelopment of old housing societies and rehabilitation are the mainstay of the Mumbai region’s property market, as the land-starved city and its peripheral areas have few vacant land…
