RMZ in $ 1 Billion JV with Mitsui Fudosan
RMZ Corp and Japan’s Mitsui Fudosan have entered into a joint venture of up to $1 billion to set up commercial office spaces in Bengaluru, Mumbai and Delhi. This is the Japanese company’s maiden investment…
January 2020
Property owners may have to pay land transportation cess from FY21
Property owners may have to pay 2% of their property tax in the form of land transportation cess from financial year 2020-21.On Tuesday, the BBMP council decided to collect 2% cess and inform the government…
Colliers International acquires Bengaluru-based Synergy Property Development Services
Colliers International, a Nasdaq-listed commercial real estate services and investment management firm, has acquired a controlling interest in Synergy Property Development Services, a Bengaluru-based project management firm. The senior leadership of Synergy will remain significant…
BDA cannot cancel site allotment unilaterally: Karnataka High Court
The Bangalore Development Authority (BDA) cannot unilaterally effect a cancellation of sale deed on a site which has been allotted to someone. A senior citizen who had purchased a site from an original allottee found…
SC directs ED to attach assets of JP Morgan for transacting with Amrapali Group
The Supreme Court Monday asked the Enforcement Directorate to attach Indian properties of JP Morgan, which engaged in transaction with the now defunct Amrapali Group to allegedly siphon off home buyers money in violation of…
Amazon looking to lease 20,00,000 sq ft space in Bengaluru
E-commerce giant Amazon is all set to lease a huge office space as part of its massive expansion plan of Bengaluru operations, dwarfing its presence in Hyderabad. Amazon is scouting for land parcels of about 2…
Morgan Stanley set to buy 20% stake in Centrum Housing Finance
A private equity fund managed by Morgan Stanley is in advanced talks with Centrum Group to pick up a 20% stake in its housing finance subsidiary, Centrum Housing Finance, at a valuation of up to…