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Transport Corporation demerges its real estate division
The board of directors of Transport Corporation of India Limited (TCI)’s, India’s leading integrated supply chain and logistics solutions provider, on Wednesday approved the demerger of its real estate & warehousing undertaking into a new company namely TCI Developer’s Limited (TDL)....
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Now, Unitech eyes slum rehabilitation project in Mumbai
Unitech Ltd, the second-largest real estate developer in the country, along with its joint venture partners in Mumbai, is reportedly looking to develop 4-5 million square feet of properties in the city from the next fiscal....
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Gurgaon, Mumbai top locations for housing
Gurgaon and Mumbai have emerged as the top destinations for residential investment in the country. Both have seen a massive infusion of commercial and retail space owing to residential demand, which in turn was spurred by a growth in employment opportunities, according to the fourth quarter Asia Pacific Property Digest by global real estate consultant Jones Lang LaSelle....
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HDIL qualified institutional placement fails as realty turns pariah
Housing Development and Infrastructure Ltd has shelved its follow-on qualified institutional placement (QIP) after receiving tepid response from investors....
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Finance ministry slams relief to Navi Mumbai SEZ
The finance ministry has opposed the board of approvals’ (BoA) decision to extend the customs duty exemption meant for SEZ developers to prospective developers, who import goods and equipment for establishing contiguity of land....
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