DDA land scam: I-T attaches Ashok Malhotra’s properties
New Delhi: More than a year after slapping a tax demand of over Rs six crore, the Income Tax department has attached five properties belonging to a Delhi-based businessman accused in the DDA multi-crore land scam.
The action came recently… Continue reading
Godrej Properties to focus on residential space
Mumbai: Godrej Properties, the realty arm of Godrej Group, plans to continue its focus on residential space, a top company official said.
“Though there is negative sentiment among buyers at present, the demand for houses will continue to grow, which… Continue reading
Godrej Properties keen on redevelopment projects in Mumbai
Mumbai: With redevelopment becoming the in thing in the real estate sector, realty player Godrej Properties (GPL) plans to expand its project portfolio in this segment, a top company official said.
“Mumbai requires a large number of redevelopment projects especially… Continue reading
Online sanctioning of industrial properties begins
MCD
NEW DELHI: The process of online sanctioning of building plans of industrial plots by Municipal Corporation of Delhi (MCD), which was earlier limited to residential properties, was kick started here today.
Briefing about the scheme, Municipal Commissioner K S… Continue reading
Godrej Properties to re-develop project in central Mumbai
Mumbai: Realty firm Godrej Properties today said it has entered into a development management agreement with RR Builders to re-develop a MHADA property at Byculla in central Mumbai.
The company’s wholly owned subsidiary Godrej Projects Development (GPDPL) will act as… Continue reading
Godrej Properties to issue shares at Rs 575; stock slips
Mumbai: Realty major Godrej Properties today said it will issue equity shares to successful bidders under its institutional placement programme at Rs 575 per share
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�Few properties listed in plea already sold�
Inquiries revealed that some properties listed in the petition filed by activist Sanjay Tiwari as belonging to Singh and his family have been sold by them. Investigations are on into the sales of these assets and the trail of the… Continue reading
Godrej Properties announces first real estate venture in Chennai
Chennai: Godrej Properties (GPL), the real estate arm of Godrej Group, today launched its first venture in Chennai, the Rs 450 crore ‘Godrej Palm Grove’.
Pirojsha Godrej, Executive Director, GPL, said 1,556 modern apartments would come up over 12.5 acres… Continue reading
Logix to sell Noida properties to IL&FS Investment Managers
NEW DELHI: Logix Group is selling four office buildings in Noida to IL&FS Investment Managers, the only listed private equity fund in India, for Rs 600 crore. Citi Property Investors, which holds 50% in the property Logix Cyber Park, will… Continue reading
Pirojsha is Godrej Properties’ new MD, CEO
Mumbai: Realty firm Godrej Properties said it has appointed Executive Director Pirojsha Godrej as Managing Director and Chief Executive Officer with effect from April 1.
Milind Korde, the incumbent Managing Director, has resigned for personal reasons and will step down… Continue reading