[ad_1] Representative image HYDERABAD: R-Home chairman Chakka Bhaskar and managing director Sudharani were arrested by Cyberabad’s economic offences wing (EOW) for allegedly duping 200 customers by failing to develop the promised flats in Ghatkesar and Sangareddy. Police said that Bhaskar and his wife were arrested based on a complaint given by V Manoj Kumar, who…
[ad_1] Representative image NEW DELHI: Real estate firm Kalpataru Ltd and Unimech Aerospace and Manufacturing Ltd have received Sebi‘s go-ahead to raise funds through initial public offerings (IPOs), an update with the markets regulator showed on Monday. Kalpataru and Unimech Aerospace are aiming to raise Rs 1,590 crore and Rs 500 crore, respectively, through their…
[ad_1] Representative image NEW DELHI: Average gross rental yield reached 3.62% across 13 Indian cities, according to a report by Magicbricks. Ahmedabad tops the list with a rental yield of 3.9%. The city’s average monthly rent has increased by 16.9% year-on-year to Rs 19.35 per sq ft, while property prices average Rs 5,927 per sq…
[ad_1] File photo NEW DELHI: hBits, a fractional ownership platform, has leased out 37,362 sq ft office space in Thane to a French-listed multinational company. The grade A commercial asset, valued at Rs 54.66 crore, is situated in Ashar IT Park at Wagle Estate. The valuation is based on the rental rate as per the…
[ad_1] Representative image GURUGRAM: The department of town and country planning (DTCP) has proposed to narrow down the roads between sectors 34, 35, 71, 72, 72A, 73 and 74 to make space for land that was allotted to a builder. The roads are supposed to be 75 metres wide under the Gurugram-Manesar Development Plan, which…
[ad_1] Representative Image NEW DELHI: Paints and coatings maker Akzo Nobel India Ltd on Thursday reported an increase of 4.27 per cent in consolidated net profit to Rs 114.6 crore for the June quarter, aided by a double-digit volume growth and expansion of margins. The company had posted a net profit of Rs 109.9 crore…
[ad_1] TRICHY: Trichy Corporation has completed 78 out of the 83 infrastructure projects sanctioned for the city, amounting to `965.1 crore under the smart cities mission programme. The remaining projects, including two major drinking water augmentation schemes and three phases of the underground drainage (UGD) network rehabilitation project, are scheduled for completion between March and…
[ad_1] Representative image Tension prevailed in Raidurg Paigah village as officials from the Greater Hyderabad Municipal Corporation (GHMC) and revenue department under police protection demolished multiple structures to clear the way for the construction of Unity Mall on 5.8 acres. The demolition drive led to fierce protests from affected families. While the residents claim the…
[ad_1] Representative image NEW DELHI: Realty firm Trehan IRIS on Thursday said it has tied up with Marriott International for management of its upcoming hotel in Greater Noida comprising 135 keys. The ‘Courtyard by Marriott‘ hotel will be part of its mixed-use project ‘Iris Broadway, Greno West. In 2022, Trehan IRIS had announced an investment…
[ad_1] Representative image WASHINGTON: U.S. single-family homebuilding tumbled in October likely as Hurricanes Helene and Milton depressed activity in the South while permits rose slightly, indicating that an anticipated rebound probably would be muted by higher mortgage rates. The report from the Commerce Department on Tuesday suggested that residential investment, which includes homebuilding, remained subdued…