Author Archives: dinesh

Puravankara sells land in Hyderabad for Rs 475 crore

Puravankara Projects has sold 100% stake in three subsidiary companies including land to Hetero Group, a lead in pharmaceutical company in India for Rs 475 crore. The subsidiary companies was expected to construct a real estate project in Raidurg in Hyderabad. The three subsidiaries include Purva Land Ltd, Purva Marine Ltd and Purva Hotels Ltd.… Read More »

No more allotting land on 99-year lease condition

Buckling under pressure from industrial associations and the realty sector, the government on Wednesday decided to do away with the system of allotting land on a 99-year lease condition through the Karnataka Industrial Areas Development Board (KIADB). Hence forth, absolute sale deeds will be issued. A decision to this effect was taken during the cabinet… Read More »

BIADA invites applications for industrial land allotment

The Bihar Industrial Area Development Authority (BIADA) has invited applications for allotment of 197 acres of its land across the state for industrial purposes. BIADA neither has a huge land bank nor has it undertaken any massive land acquisition exercise in the recent past. Sources said BIADA has around 200 acres of land, which has… Read More »

We may auction Hotel Leela land in Mumbai, says AAI chief

With the Airports Authority of India (AAI) terminating the land lease contract of Hotel Leela Venture in Mumbai, the state-run body is now planning to monetise the land and building belonging to the hospitality company to shore up its non-aeronautical revenues. Speaking to BusinessLine, Guruprasad Mohapatra, Chairman, Airports Authority of India, said, “We have had… Read More »