Browsing: India Real Estate News

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Nitesh Estates launches Rs. 500 crore Shopping Mall in Bangalore

Within a week of launching the super-luxury Nitesh Logos, Bangalore-based premium property developer Nitesh Estates Ltd., now announces the launch of Nitesh Mall, in the up-market Indiranagar. This mall built with world-class amenities is going to offer great shopping and entertainment experience, making it the most sought after mall in the Central Business District of Bangalore.

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Poor waterproofing responsible for Mumbai buildings decay

Mumbai city has been known to receive heavy rainfall during the monsoons. Being a coastal city, Mumbai needs to understand the requirement for costal construction and heavy rainfall. More than 80% of the pre-1990s construction is in distress because of poor quality material and harshness of environment. Despite all this, Mumbai was one of the last cities to take up blended cement that helps fight problems related to waterproofing.

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Phadnis Group bags infrastructure contracts worth 425 Cr

Pune based Phadnis Infrastructure, a group engaged in infrastructure development, hospitality business, real estate, power and telecommunication is off to a flying start in the infrastructure business. Phadnis Group has bagged a contract to build the prestigious ESIC Nursing College and Auditorium at ESIC Hospital, Indiranagar – Bangalore. The total project cost of this project is around Rs.62 Cr and the project is likely to be completed by March 2012.

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KORUM wins Emerging Retailer of the Year Award

KORUM, Mumbai’s largest Shopping Mall by Kalpataru Retail Ventures Pvt Ltd, a Kalpataru Group company, has won the ‘Emerging Retailer of the Year Award’ (Real Estate) at the 7th Asia Retail Congress, held in Mumbai recently.

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Unitech boss summoned by CBI

Sanjay Chandra, managing director of Unitech Ltd has been summoned by investigators to answer questions over a suspected telecoms fraud that robbed the government of billions of dollars.

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Alibaug as a property investment destination

Alibaug is one of the traditional weekend-getaway destinations for residents of Mumbai. Since the late 1990s, it has also emerged as a second home destination. Apart its proximity to Mumbai, many other factors make Alibaug an attractive second home destination.

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Realty companies hit with Rs 20,000 cr demand

Public sector banks including State Bank of India, Bank of Baroda, Bank of India, Indian Overseas Bank have served notices to dozens of real estate companies to recover around Rs 20,000 crore of their exposure by March.

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