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economy
PEs bet on Hyderabad office real estate

BENGALURU: Hyderabad is attracting large institutional investors like Blackstone, Xander and Ascendas India Trust as they look to tap the growing commercial market in the region.The city saw a sudden burst in investments in 2018, attracting more than $1.1 billion of private equity, a more than three-fold increase in investments compared to the collective previous…

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economy
ATS to complete three Noida projects of Logix Group, to deliver 4,500 flats

With the Delhi-NCR property market plagued with stalled housing projects, realty firm ATS Group Wednesday said it will complete over 4,500 delayed flats of Logix Group in Noida. ATS has forayed into project management consultancy (PMC) business and has bagged three projects — Logix Blossom Greens, Logix Blossom County and Logix Blossom Zest in Noida,…

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economy
NBCC seeks more time to revise bid for Jaypee Infratech

MUMBAI: State-run construction company NBCC has sought an extension of more than two weeks from the Committee of Creditors (CoC) overseeing Jaypee Infratech’s insolvency resolution process to submit a revised bid for the company, said two persons with direct knowledge of the development.This may lead to further delay in the insolvency process of the troubled…

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economy
SC irked over circulation of forensic auditors’ report on Amrapali before filing

NEW DELHI: The Supreme Court Tuesday expressed annoyance over “circulation” of forensic auditors’ report among lawyers on the embattled Amrapali Group before it was submitted to the court. The top court said it will hear from April 30 the pleas of home buyers on whether the property titles can be given to them. It will…

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economy
Gurugram: DTCP issues notices to architects over alterations made to get OCs

GURGAON: The department of town and country planning (DTCP) has issued showcause notices to two city-based architects for allegedly furnishing wrong information to the department to procure occupation certificates (OCs) for their clients — owners of two residential buildings — under its self-certification scheme.During inspection, the teams set up by DTCP to re-examine around 250…

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