The land was allotted to Greenbay in Feb 2011. The developer subleased a portion of this to Emerald Properties in Jan 2014 for a group housing project. Source link...
Real Estate
JSW Paints has signed a share purchase agreement to acquire up to 74.76% of the paid-up equity share capital of Akzo Nobel India from its two promoter shareholders—Imperial Chemical Industries and Akzo Nobel Coatings International B.V. Source link...
JP Morgan has leased over 116,210 sq ft in Sumitomo's BKC commercial tower for 10 years, potentially extending to 25. The deal, estimated at nearly ₹1,000 crore initially and exceeding ₹2,500 crore overall, marks a significant commitment in Mumbai's prime property market. This new office is expected to house JP Morgan’s India headquarters. Source link...
Tata Consultancy Services is investing over Rs 4,500 crore to expand its infrastructure across India, including new campuses and office spaces in key cities like Bengaluru, Kolkata, and Kochi. This expansion aligns with TCS's anticipated headcount growth and strong financial performance, signaling confidence in India's talent ecosystem and delivery capabilities. Source link...
The proposed policy defines "Iconic Buildings or Spaces" as structures that possess unique or distinctive characteristics such as size, shape, aesthetics, look, concept, theme, urban design, architectural design, or structural elements. Source link...
The National Housing Bank (NHB) has tightened norms for refinancing home loans, stipulating that refinance will only be provided for properties where less than half of the construction is complete at the time of the first disbursement. Source link...
A Housing Department official told Mirror that the proposal will apply specifically only to chawls, and not slums. According to the draft proposal, a chawl is a structure built before 1976 on private land that have property tax proof and non-agricultural documents. Source link...
The policy, approved on June 14, offers existing homeowners larger apartments with a minimum 15% increase in carpet area along with temporary accommodation for the period when reconstruction will take place. Source link...
Additional sessions judge NG Shukla rejected the pre-arrest bail pleas of Pulin Bole, Shivani Verma, Shobit Rajan and Pranav Bajaj. The reasoned order was not made available as yet. Source link...
Wipro Ltd has leased eight floors, totaling 387,000 sq ft, at K Raheja Corp’s Mindspace Business Park in Navi Mumbai for over 10 years. The deal, valued at Rs 328 crore including escalations, reflects a monthly rent of Rs 2.48 crore with a 5% annual increase. Source link...