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Mahindra Seeks 350-Acre Land in Igatpuri

Representative image created by AI MUMBAI: Mahindra & Mahindra has expressed interest in acquiring 350 acres of land in Igatpuri, Maharashtra, as disclosed by a senior company official. The Mumbai-based automaker currently operates manufacturing facilities in Nashik and Igatpuri. “We have submitted our interest for 350 acres in Igatpuri, which is a crucial part of our ecosystem,” stated Rajesh Jejurikar, Executive Director and CEO of Mahindra & Mahindra (M&M) for the auto and farm sectors. He mentioned that the Nashik and Igatpuri plants would benefit from a supporting facility nearby. “This land can be utilized for various purposes, such as…

Nayanthara Purchases ₹31.5 Crore Duplex in Poes Garden, Chennai

File Photo South Indian actress Nayanthara and her husband Vignesh Shivan have purchased a duplex apartment in the Legacy project at Poes Garden, Chennai, for ₹31.5 crore. Data from Zapkey indicates that the property was acquired from Landmark Metro Projects. The transaction valued the property at ₹21,946 per sq ft, with Nayanthara owning 90% and Vignesh the remaining share. The unit, which occupies the 4th and 5th floors, covers a super built-up area of 14,369 sq ft, with an undivided land share of 5,308 sq ft and eight covered parking slots. The market value is recorded at ₹40 crore, attracting…

Karnataka RERA to Check Projects Under New Closure Policy

BENGALURU: The Karnataka Real Estate Regulatory Authority (Rera) is set to implement a project closure policy, making it the second state in India to do so, following Odisha. The purpose of this policy is to enhance transparency and accountability in builders’ submissions while safeguarding homebuyers. It mandates that projects can only be closed after all statutory and service-related compliance is verified. Until now, the authority has only recorded self-declared project completions from promoters without any verification, even since its establishment in 2016. K-Rera chairman Rakesh Singh informed TOI that the new policy aims to ensure clear communication and accountability from…