Latest Realty News

Mar 25, 2015
NEW DELHI: About 800 acres of the total land the Haryana government got back from Reliance Haryana SEZ Limited (RHSL) in February last year will be developed as a global city having all the attributes of a smart city
CAG trashes SEZ Policy for diverting land to realty projects
Nov 29, 2014
New Delhi: The CAG has trashed the Special Economic Zones (SEZs) Policy as it has ended up diverting huge tracts of land acquired for setting up manufacturing facilities and generating jobs to real estate projects
Jhajjar township: Reliance Ventures, IL&FS part ways
Sep 04, 2014
Reliance Industries Ltd (RIL) on Wednesday announced an end to the strategic partnership between Reliance Ventures Ltd (RVL), RIL's wholly owned subsidiary, and Infrastructure Leasing and Financial Services Ltd (IL&FS) to co-promote the model economic township (MET) project in Jhajjar, Haryana
Reliance Haryana SEZ returns Gurgaon, Jhajjar land to Haryana Infra Corporation
Sep 01, 2014
Reliance Industries Ltd (RIL) has announced that its group company Reliance Haryana SEZ Limited (RHSL) has returned 1,383.68 acres of land in Gurgaon acquired from Haryana State Industrial & Infrastructure Development Corporation (HSIIDC) for setting up special economic zones (SEZs) owing to revision of strategic priorities
Ansal Properties to invest Rs 130 crore on SEZ development in Greater Noida
May 13, 2014
DELHI: Realty firm Ansal Properties and InfrastructureBSE 3.72 % has revived its plan to develop a 75-acre IT special economic zone (SEZ) in Greater Noida and will invest about Rs 130 crore over the next three years on construction.
Office space absorption up 35%: Report
Jan 09, 2014
MUMBAI: The overall office space absorption in the top seven cities of the country grew by approximately 35 per cent in fourth quarter of this fiscal at nearly 8.2 million sq ft against six million sq ft in the previous quarter, according to real estate consultancy CBRE’s latest report.
29 SEZ developers including TCS, Parsvnath Infra & Unitech Infracon seek more time to implement proj...
Oct 29, 2013
DELHI: As many as 29 special economic zone developers including Tata Consultancy ServicesBSE -0.12 %, Parsvnath Infra and Navi Mumbai SEZ Pvt Ltd have sought more time from the government for implementing their projects. The inter-ministerial Board of Approval (BoA) chaired by Commerce Secretary S R Rao will consider these requests at its meeting on November 8.
Commerce Ministry amends norms to prevent misuse of SEZ land
Oct 16, 2013
DELHI: Developers seeking to surrender special economic zones will have to give an undertaking that the land will be used in accordance with the recently amended guidelines so as to prevent its misuse.
Xander to buy Shriram arm’s IT SEZ for Rs 690 crore
Oct 15, 2013
BANGALORE: Global fund house Xander, the largest foreign investor in Indian realty assets, is close to acquiring an IT special economic zone in Chennai from the developer arm of Shriram Group for Rs 690 crore ($112 million), said people directly aware of the matter.
Unitech inks Rs 800-crore leasing deal with Aon Hewitt
Sep 24, 2013
DELHI: In a deal that may spark a revival in the National Capital Region’s commercial real estate market, Unitech Ltd has inked a multi-crore deal to lease space at one of its IT SEZs in Gurgaon to MNC human resource firm Aon Hewitt.
Parsvnath pays Rs 501 crore instalment to RLDA for Delhi rail land
Aug 24, 2013
DELHI: Realty firm Parsvnath Developers today said it has paid Rs 500.86 crore instalment to the Rail Land Development Authority (RLDA) against the 38 acres of rail land that it had bought for Rs 1,651 crore.+
Unitech group company UCP in talks with Blackstone, GIC to sell SEZ
Aug 21, 2013
DELHI: Unitech Corporate Parks, a Unitech group firm listed in London, is negotiating with the private equity firm Blackstone and Singapore's sovereign wealth fund GIC to sell its IT special economic zone (SEZ) in Gurgaon for about Rs 2,700 crore.
With new SEZ norms in place, HDIL decides not to sell 70-acre land in Kochi
Aug 18, 2013
MUMBAI: Following relaxation in SEZ norms, debt-laden property developer HDIL has decided to scrap its plan to sell the 70-acre land parcel at Kochi Special Economic Zone and is now looking to construct IT infrastructure there.
DLF puts Pune IT special economic zone on the block
Aug 08, 2013
MUMBAI/BANGALORE: DLF, India's biggest real estate developer, has put on the block the second phase of its under-construction IT special economic zone project in Pune'sHinjewadi for an anticipated Rs 250 crore, a move in line with the company's strategy to pare its debt by exiting non-core projects and businesses.
Industrial colony on de-notified SEZs in Gurgaon
Aug 07, 2013
DELHI: The special dispensation for de-notified SEZs in Haryana to become eligible for developing industrial colony has evoked mixed response. The developers want single window clearance for the licences but real estate insiders claimed it would not be a cake-walk.
Global PEs, sovereign, pension funds in race for Unitech SEZ
Aug 05, 2013
DELHI: Real estate investment company UnitechBSE -1.97 % Corporate Parks has shortlisted two global private equity funds, a sovereign wealth fund of Singapore and a Canadian pension fund to make second round of bids for its 3.6 million sq ft IT special economic zone in Gurgaon near Delhi.
Demand for office space up around Whitefield in Bangalore
Aug 03, 2013
BANGALORE: The landscape of Bangalore east has been transformed from housing quiet, suburban neighbourhoods with more trees than people to a commercial belt along with hectic residential development. Commercial development in Bangalore east is attributed to the establishment of Electronics City and the Whitefield EPIP zone. This belt, running from the south to east, promoted the emergence of Bangalore east as a commercial hotbed.
Unitech group company UCP plans to sell IT SEZ for about Rs 2,800 cr
Jul 14, 2013
DELHI: Unitech Corporate Parks, a Unitech group firm listed in London, is planning to sell its IT Special economic Zone (SEZ) in Gurgaon comprising about 3.5 million sq ft of office space for about Rs 2,800 crore.
Lanco Infratech leases 80,000 sq ft in IT SEZ to Sutherland
Jul 03, 2013
DELHI: Lanco InfratechBSE -4.12 % today said its subsidiary has leased 80,000 sq ft of office space in its IT special economic zone (SEZ) at Hyderabad to BPO firm Apollo Health Street.
Govt allows Parsvnath to surrender IT SEZ in Haryana
Jun 25, 2013
DELHI: Faced with land acquisition problems, real estate major Parsvnath has surrendered its IT special economic zone (SEZ) in Haryana.
Blend of peace and progress has boosted Nashik realty
Jun 24, 2013
MUMBAI: Once known as a temple city having religious importance, Nashik has grown by leaps and bounds to become a bustling mini-metro. In the last few years, its skyline has changed with high-rise buildings dotting the landscape.
SEZ policy reforms would benefit Bangalore
Jun 08, 2013
BANGALORE: During the release of the Annual Supplement 2013-14 to the Foreign Trade Policy 2009-14 on April 18, the Union Minister for Commerce, Industry and Textiles, announced reforms to the SEZ Policy in order to revive investor interest.
JLLI closes Pune's largest M&A deal of 2013 at Blueridge SEZ, Hinjewadi
May 30, 2013
Leading international property consultants Jones Lang LaSalle India have successfully concluded the largest M&A real estate deal in Pune this year to date. Acting on behalf of the company holding BlueRidge Special Economic Zone (SEZ) Phase 1, the Firm's Capital Markets team has successfully facilitated the sale of 100% equity in the company to IDFC Limited, one of India's largest domestic financial institutions.
State asks Centre to grant full SEZ status
Oct 07, 2012
KOCHI: The state government has written to the Union finance ministry to expedite SmartCity's SEZ status as the board of approval is yet to give its consent. Due to this delay, Tecom, the promoter of SmartCity, is unable to go ahead with the project master plan.
Revisit SEZ policy to prevent misuse: Parliamentary panel
Aug 31, 2012
NEW DELHI: A Parliamentary panel today suggested the government should revisit the special economic zone (SEZ) scheme to plug loopholes and prevent its misuse. The report of the Public Accounts Committee (PAC), tabled by its chairman Murli Manohar Joshi in the Lok Sabha, said absence of mandatory exports in the SEZ Act has led to misuse of the scheme. The Committee, however, said there is

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