645 Real Estate Firms Rescued Under Insolvency Process: IBBI Chief

Alignment: the Location Factor

Location is a key determinant of a property’s value and return on investment. Arguably, what location is to real estate, alignment is to a metro system. A metro system’s alignment, the areas it services, plays one of the most important roles in its financial viability. So, what constitutes an ideal metro alignment?Ideal alignmentsIdeally, “a metro must pass through densely populated areas and major interchange transport hubs (bus stands, railway stations, bus termini, airports) for the smooth changeover of passengers using multimodal transport,” says Vishwas Jain, Managing Directo..

Nippon Life India Acquires Commercial Spaces worth Rs 4.8 bn

In a strategic expansion move, Nippon Life India Asset Management has acquired two premium commercial properties at One Lodha Place in Mumbai's Lower Parel locality, for a combined value of Rs 4.8 billion, according to IGR documents reviewed by Square Yards. Lower Parel is a major commercial suburb of Mumbai known for its premium office spaces. The locality is situated near international airport, the Eastern Express Highway and the Bandra-Worli Sea Link, providing excellent connectivity to other parts of the city. One Lodha Place is ready-to-move commercial project developed by Lodha Group (M..

Gujarat’s Low Utilization of Central Funds for MSME Development Raises Concerns

Despite being a leading state for micro, small, and medium enterprises (MSMEs), Gujarat has been criticized for its poor utilization of central government grants meant for MSME development. According to official data, Gujarat received Rs 5 crore for preparing a Strategic Investment Plan (SIP) and Rs 47.06 crore under the Raising and Accelerating MSME Performance (RAMP) program from the central government. These programs, launched by the Prime Minister on June 30, 2022, are aimed at scaling MSME operations and fostering innovation. As of June 30, 2024, Gujarat has utilized only Rs 0.66 crore o..