Munawar Faruqui Invests in Mumbai Real Estate
Stand-up comedian Munawar Faruqui has added another feather to his cap, this time in the world of real estate. The comedian has recently purchased an under-construction apartment in Wadala, Mumbai, for a whopping ₹6.09 crore. This strategic investment marks Faruqui’s entry into the city’s vibrant property market. The newly acquired
Jewar Airport Can Help Noida Transform into an EV Manufacturing Base
Sanjeev Arora, Director 360 Realtors In India, the adoption of EV taking is taking place at a notable pace. There are numerous benefits of EVs. It costs around INR 7-8/ KM for a normal vehicle whereas it is virtually zero in case of EVs. It is believed that around half
Safer Faridabad program Organized at Omaxe World Street by Faridabad Police
The Safer Faridabad initiative, part of the “Chuppi Todo, Khul Kar Jiyo” campaign by the Faridabad Police, organized an awareness event at Omaxe World Street on 24 Meter Road, Faridabad. The program was attended by SHO Poonam Huda from BPTP police station, Traffic Inspector Satish Kumar, ASI Jeetendra Singh and
Hyderabad Cracks Down on Illegal Construction Near Lakes
The Hyderabad Disaster Response and Asset Protection Agency (HYDRAA) is taking a firm stance against illegal constructions near city lakes. In a recent demolition drive, they targeted unauthorized structures built within the buffer zones and full tank levels (FTLs) of Nalla Cheruvu and Kistareddypet lakes. HYDRAA officials identified and demolished
Leela Hotels’ Parent Company Eyes Record-Breaking IPO
The Leela brand, known for its luxurious hotels and resorts, is poised for a major expansion with its parent company, Schloss Bangalore, filing for an initial public offering (IPO) with the Securities and Exchange Board of India (Sebi). The proposed IPO aims to raise a staggering Rs 5,000 crore, potentially
Nisus Finance Secures Global Investment for Special Situations Fund
Nifco, the real estate investment arm of Nisus Finance Services, has embarked on a fundraising mission to secure $200 million from international investors. This capital injection will fuel the launch of their inaugural “special situations offshore fund.” The fund has already garnered $40 million in commitments, primarily from investors based
REA Group Raises the Stakes in Rightmove Takeover Bid
Sydney, Australia – September 23, 2024: In a strategic move to consolidate its position in the global real estate market, Australia’s leading online property portal, REA Group, has sweetened its takeover offer for Britain’s Rightmove. The revised offer, valued at approximately $8.1 billion, represents a significant increase from the initial
Haryana Raises Floor Area Ratio Rates for Large Plots, Impacting Construction Costs
In a move that could significantly impact construction costs in Haryana, the Department of Town and Country Planning (DTCP) has announced a 20% hike in Floor Area Ratio (FAR) rates for plots exceeding 250 square meters. This decision comes after a long period of unchanged FAR rates, with the last
Yeida Introduces New Policy to Allot Land to State, Central Agencies
The Yamuna Expressway Industrial Development Authority (YEIDA) is set to introduce a new policy aimed at streamlining the allotment of land to state and central government agencies. This strategic move is expected to facilitate the establishment of various government offices and institutions along the Yamuna Expressway, boosting the region’s economic
ED Cracks Down on Noida Officials and Builders in Fraud Case
The Enforcement Directorate (ED) has launched a major crackdown on former Noida Authority officials and private builders involved in a multi-crore land fraud case. In a series of raids conducted across Delhi and Noida, the ED seized assets worth over ₹42 crore, including cash, jewelry, and properties. The case revolves