Investments

Udaipur, May 30, 2019: Logistic firm Bhumika group has forayed into real estate and is developing a mixed use project at Udaipur, Rajasthan with an...

New Delhi, May 29, 2019: Logistic firm Bhumika group has forayed into real estate and is developing a mixed use project at Udaipur, Rajasthan with an investment of Rs 300 crore. The company is developing over 10 lakh sq ft area in the first phase of this project named Urban Square. "We are developing our first real estate project at Udaipur. The total area in this project will be 18 lakh sq ft. But, we are currently developing the first phase comprising over 10 lakh sq ft," Bhumika group Director and chief executive officer Uddhav Poddar said. The project cost for the first phase in Rs 300 crore, he said. Urban Square project is being financed with a mix of equity, sales advances, internal accruals and debt which has been secured from Aditya Birla Finance Ltd, Poddar added. The construction work has already started and the first phase will be delivered in the next three years. In the first phase, the company is constructing a 5star hotel with 200 keys and has roped in Holiday Inn for the management purpose. Bhumika group is also developing a shopping mall, high-street retail and office space and serviced apartments in the first phase. The company is giving retail space in shopping malls on lease, while office space, high-street retail and service apartments are on sale model. The project is being designed by shopping mall specialist architect from South Africa - Bentel Associates. Bhumika Group is planning to develop more commercial projects in Rajasthan, Haryana and the national capital market. In its logistic business, the group handles transportation and warehousing for cement manufacturers. Corporate Comm India(CCI Newswire)

Current avg. property prices in Hyderabad hover around INR 4,170 per sq. ft. – the lowest among all top 7 cities In last 5 yrs....

By Shajai Jacob, CEO - GCC (Middle East) - ANAROCK Property Consultants  NRI investments into Indian real estate are led Indian expatriates from UAE,...

New Delhi, May 15, 2019: Arabian Centres Company (“Arabian Centres” or “the Company”) announces the successful completion of its Initial Public Offering (“IPO” or...

New Delhi, May 03, 2019:Axis RERA Opportunities Fund – I (‘Axis RERA Fund’) has signed a deal to investRs. 60 crores in the Akshaya...

Signs up Yanmar Engine Manufacturing India & Nissei Electric ORIGINS, Chennai reiterates its commitment to sustainability as first industrial cluster in Tamil Nadu to receive...

New Delhi, April 10, 2019: Delhi based, realty firm Arihant Group has announced an investment of Rs 250 crores in developing their first housing project...

New Delhi, April 08, 2019: Kotak Mahindra Bank limited through its subsidiary, Kotak Mahindra Prime Ltd., has announced debt investment of Rs. 500 crore with...

By Mr. Shrinivas Rao, CEO-APAC, Vestian Shrinivas Rao, a founding member of Vestian Global Workplace Services, is responsible for Vestian's growth and expansion in Asia...