Category Archives: City

At Rs 45,000 per sqft, plot in Bengaluru CBD goes for Rs 45 crore

In the costliest real estate deal, BP Kumar Babu of Cornerstone Group, the largest landholder in Bengaluru, has acquired a 10,000-sqft plot opposite UB City for Rs 45 crore. At Rs 45,000 per sqft, the deal has dwarfed all other recent transactions, including Flipkart cofounder Binny Bansal’s residence buy in Koramangala last year. Confirming the… Read More »

Land, assets of 5 sick PSU units put up for sale

Land and other immovable assets of five sick public sector units including HMT Watches and Hindustan Cables have been put on sale as the government looks to shut the continuously loss-making units. State-owned construction firm NBCC (India) Ltd is auctioning the assets, which will be sold only to central and state government organisations. Land parcels… Read More »

Legal, regulatory woes hit land deals in Mumbai, suburbs

Land deals in Mumbai and its suburbs have dried up as buyers, wary of legal and regulatory hurdles, refuse to pay up the money demanded by sellers, industry officials and analysts said. The demonetisation exercise and the crackdown on black money haven’t helped either. Last month, drugmaker GlaxoSmithKline Pharmaceuticals Ltd cancelled bids to sell 64 acres… Read More »