NEW DELHI: Godrej Properties (GPL) has signed a joint development agreement for an 18-acre land parcel in Thane.
The anticipated project will primarily be residential, with an estimated revenue potential exceeding ₹7,500 crore.
Gaurav Pandey, MD & CEO of the company, stated, “This is our fourth development in Thane, and the substantial size of the land will facilitate a meticulously planned integrated residential project.”
Representative Image THANE: On Wednesday, Thane Municipal Commissioner Saurabh Rao directed power companies to refrain from supplying electricity to any unauthorized structures, emphasizing the need for verification of legal statuses. During a high-level meeting at the Thane Municipal Corporation (TMC) headquarters, Rao stressed that providing power to unauthorized buildings contravenes court orders and should be strictly prohibited through diligent verification processes. “The high court has explicitly stated that electricity should not be supplied to unauthorized constructions,” he affirmed, noting that both Maharashtra State Electricity Distribution Company (MSEDCL) and Torrent Power are legally obligated to confirm a building’s legality before permitting…
PUNE: Amid ongoing controversy surrounding the sale of a prominent property owned by a Jain trust in Pune, the involved private builder has formally requested the cancellation of the deal. On Sunday, Vishal Gokhale, a partner at Gokhale Landmarks LLP, sent an email to the Seth Hirachand Nemchand Smarak Trust, notifying the trustees of his intention to withdraw from the transaction and request the cancellation of the sale deed. In his message, he pointed to “numerous false and misleading rumors” circulating publicly that raised questions about the legitimacy of the deal and suggested improper motives. Opponents of the property deal…
NEW DELHI: State-owned NBCC has signed a Memorandum of Understanding (MoU) with the Rajasthan State Industrial Development & Investment Corporation Ltd (RIICO) to develop a project worth ₹3,700 crore in Jaipur. In a statement released on Thursday, NBCC announced the MoU with RIICO for the development of Rajasthan Mandapam and associated infrastructure near Jaipur International Airport. The project is estimated to be around ₹3,700 crore. NBCC will serve as the Executing Agency for this 95-acre project. According to the statement, “RIICO will provide NBCC with an initial interest-free advance of ₹50 crore, while NBCC will secure the remaining funds through…
