Commercial news Archive

Jabal Omar Development Company The real estate development company, Jabal Omar Development Company ( JODC), has announced that Emaar Hospitality Group’s premium luxury hotel brand Address Hotels and Resorts has been selected to manage its …

BIAL plans to create a mini-city centered around the Kempegowda airport to let visitors indulge in leisure as well as work during transit An Airport City on the lines of the one at New Delhi, …

Leela Chennai : The Leela Group, started by the late Captain Krishnan Nair in 1987 in Mumbai, has been weighed down by debt after it expanded its chain to Delhi, Chennai, Bengaluru and Goa in …

National Buildings Construction Corp NEW DELHI: State-owned construction company National Buildings Construction Corp (NBCC) on Thursday said it has auctioned a 2.83-lakh sq ft office tower with 10 floors in an upcoming commercial project at …

In March 2017, GVK closed a deal which was signed during March 2016 with Fairfax India to sell a 33% stake in BIAL. It had retained a 10% stake and the management of BIAL. NEW …

Air India is planning to sell its properties and land parcels across the country. Civil aviation minister Ashok Gajapathi Raju met finance minister Arun Jaitley on Thursday to decide the process. Sources privy to the …

Hotel Group is looking at Siliguri, Mumbai, Patna, Amritsar, Gangtok, Jammu, Lucknow, Kolkata and Coimbatore for its new properties NEW DELHI: Hospitality chain Lemon Tree Hotel Company is planning to add up to 15 hotels …

New Delhi: Former RBI governor Raghuram Rajan on Thursday warned of “policy uncertainty” for the world economy due to there being a “bunch of new leaders” who need to prove they are strong, even as …

Despite the Nationwide Real estate slow down and Demonitisation Ds Max Still Keeps its Promise of Before time Delivery Amid the Nationwide real estate slow down Affordable Real estate homes Developer Ds Max Properties has …

New Delhi: Realty firm Supertech plans to invest about Rs 4,000 crore to develop low-cost homes as it expects demand for affordable housing to rise after getting infrastructure status in the budget. Supertech has engaged …

Realty firm Puravankara Ltd has sold a 19-acre land parcel in Hyderabad for Rs. 475 crore to pharmaceuticals company Hetero group as part of its strategy to monetise assets and cut debt. Bengaluru-based real estate …

BENGALURU: Thanisandra in the north and Panathur-Varthur in the eastern part of Bengaluru will deliver the highest returns on residential property investments over the next five years helped by their proximity to major employment hubs, …

State-owned SBI and realtors’ body CREDAI have signed an agreement to provide loans at a concessional rate to builders as well as customers for affordable housing projects. SBI and CREDAI have signed a memorandum of …

Within two months of moving out as India chairman and country head of JLL India, Anuj Puri has acquired the firm’s India residential brokerage arm. Puri, who left the firm on February 28, will now …

Dubai: The value of UAE projects awarded rose by a solid 42.6 per cent quarter on quarter in the first quarter of 2017, with both Dubai and Abu Dhabi seeing significant increase. The value of …

Mumbai: Housing Development Finance Corp. Ltd (HDFC) is in talks with online classifieds company Quikr India Pvt. Ltd to sell its brokerage business HDFC Realty and its digital business HDFC Red in an-all stock deal, …

Developing alternate roads to Kempe­g­o­w­­da International Airport (KIA) is one budget proposal that might bring some cheer to passengers hit by the heavy toll on the existing road. However, it is still early days. The …

Bengaluru’s largest lake, Bellandur, has not stopped frothing in more than two decades; the thick layer of white foam is a constant. Occasionally, like on this weekend, the foam shoots into the air, carried either …