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HMRTC approves two new metro routes in Gurugram
The 14th RAHSTA Expo, part of the India Construction Festival, will be held on October 9 and 10, 2024, at the Jio Convention Centre in Mumbai. For more details, visit: https://rahstaexpo.com
Dholera SIR attracts Rs 20-30 billion annual investment in real estate
The Dholera Special Investment Region (SIR) in Gujarat is drawing annual investments of Rs 20-30 billion in real estate, with significant interest from investors in northern India, particularly from Punjab, Haryana, Delhi, Gurugram, and Noida, according to the Aaiji Group, an Ahmedabad-based developer. Jointly developed by the central and Gujarat governments, Dholera SIR is located about 100 km from Ahmedabad and is managed by Dholera Industrial City Development Ltd (DICDL), a special purpose vehicle. DICDL is owned 51% by the Gujarat government and 49% by the central government. Nearly 95% of..
Prestige Estates subsidiary buys 4.5 acres in Pune for Rs 2 billion+
Prestige Exora Business Parks, a subsidiary of real estate developer Prestige Estates Projects, has acquired development rights and a 4.5-acre land parcel in Pune’s Kharadi locality for over Rs 2 billion. The land was purchased from joint development partner B U Bhandari M&M Realtors LLP, with whom Prestige had entered into an agreement in July 2017 to co-develop a larger plot. In March, both parties revised certain terms of the joint development agreement, which led to the sale and transfer of the land and its full development potential to Prestige Group. The buyer paid over Rs 140 million ..
Awfis to sell facility management division for Rs 275 million
Flexible workspace provider Awfis Space Solutions Limited has signed a business transfer agreement with SMS Integrated Facility Services Private Limited (SMS IFS) to divest its facility management arm, Awfis Care, for Rs 275 million. Maple Capital Advisors acted as the sole advisor for the transaction, which is expected to be completed within 120 days. SMS IFS, backed by Samara Capital, is a leading integrated facility management company in India, overseeing over 5,000 sites for more than 500 clients across Tier 1, Tier 2, and Tier 3 cities. The firm employs over 21,000 people and offers serv..
