Taj Group acquires Lutyen’s Delhi hotel in NDMC auction

NEW DELHI: The Connaught, a premium hotel in Lutyen's Delhi, was successfully acquired by Tata's Indian Hotel Company Limited (IHCL) in an e-auction conducted by the New Delhi Municipal Council (NDMC) on Wednesday. "The successful bidder is the Taj group which will...

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DDA approves amendments to Delhi master plan 2021

Liquor shops, pubs, discotheques and clubs cannot be opened on any floor of buildings falling in residential areas in the city, according to the DDA, which today approved the proposed amendment in the Master Plan for Delhi 2021. In February, the urban body had...

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CIDCO gets Rs 181 crore bid for 3.4 acre Nerul plot

MUMBAI: The City and Industrial Development Corporation (CIDCO), the city planning authority for Navi Mumbai, has received highest bid of Rs 181 crore for a 3.4 acre land parcel in Nerul. The plot was auctioned by CIDCO with reserve price at Rs 95,000 sq meter and was...

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Blackstone-Embassy Group to file for REIT IPO in July

About two years after Blackstone Group LP registered India’s first real estate investment trust, the private equity giant is close to taking it public. Rising interest rates threaten to get in the way. Blackstone and local partner Embassy Group plan to file a...

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Emaar India appoints Prashant Gupta as CEO

NEW DELHI: Emaar India, part of Dubai-based realty major Emaar Properties, has appointed Prashant Gupta as CEO to strengthen its business and is also streamlining processes to make the organisation more efficient. This is the second major appointment by Emaar India in...

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Sort out illegal Constructions in Alandi by September 12

The Alandi Municipal Council (AMC) has set a September 12 deadline to regularize illegal constructions. The state government's urban development department had issued a notification last year under the Maharashtra Regional Town Planning Act for regularisation of...

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