Prestige Estates raise Rs 900 crore via Qualified Institutional Placement
Prestige Estates, the leading real-estates development company in India, informed on Thursday that they have raised Rs 900 crore through Qualified Institutional Placement (QIP). According to reports, the issue opened on January 30, 2020 and…
WeWork India starts two new co-working centres in Mumbai, Bengaluru
Co-working major WeWork India, owned by realty firm Embassy Group, has expanded its operations by adding two new centres in Mumbai and Bengaluru comprising 4,350 seating capacities to meet growing demand of flexible workspace. WeWork…
Colliers International India Completes Over 125 Projects Providing Technical Due Diligence Services: Colliers International India
Colliers International India is pleased to announce that its Technical Due Diligence team has recently completed 125 marquee projects for leading investors and clients. The dedicated team of professionals at Colliers provide technical assistance to…
ANAROCK Commercial Launched to Tap INR 63,000 Cr Office Strata Sale Market
To focus on sales of office assets to corporates, HNI investors & end-usersINR 2.5 Lakh Cr worth of Grade A office space under construction in top 7 cities to be completed over the next 4…
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…
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…