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 »

Syndicate Bank To Auction GVK’s Land Bank To Recover Dues

Public sector lender Syndicate Bank has put up land bank owned by GVK Group in GVK Perambalur SEZ Pvt Ltd in Tamil Nadu for sale as part of recovery of its outstanding loan of Rs 175 crore. According to a public notice issued by the bank on Thursday, the Reserve Price of the property that… Read More »

Setback for tech cos: No more subsidised land in Hyderabad

In a setback for IT companies that want to set up base in Hyderabad, sources say they shall no longer be allotted land at a subsidised rate. Companies will have to purchase land at the existing market rate now. Sources tell CNBC-TV18 that the paucity of land in the outskirts of Hyderabad is the reason… 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 »

Amid Sales Drop, Honda To Buy 380 Acres Of Land In Gujarat

Honda Cars has acquired 380 acres in Gujarat to set up a new assembly line, though its two existing plants are running at half the installed capacity of 2.40 lakh units as its sales fell over 25 per cent last year. Honda has an assembly line each in Greater Noida near Delhi and Tapukura in… 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 »

Unitech sells 30.6 acre land for Rs 97 cr in Oct-Dec qtr

Realty firm Unitech Ltd has sold over 30 acres of land parcels in Gurgaon and Chennai for Rs 97 crore as part of its plan to divest non-core assets. The company has sold 30.60 acres of land for Rs 96.86 crore during October-December quarter of this fiscal, according to a presentation. Unitech has sold 19.05… Read More »