Quick view : Wave to invest R4,000 cr to build township in Noida

Wave Infratech, realty arm of Ponty Chadha’s Wave Group, on Tuesday said that it will invest R4,000 crore to develop the first phase of the 152-acre township in Noida. The integrated mixed-use project would be developed on the land the company had won last year through an auction for about R6,500 crore after outbidding Amrapali and The 3C Company. The company will fund this investment from internal accruals, advances from customers, debt and private equity. The first phase of the project would be delivered by 2016.

Tata Housing launches retail brand GoodLife

Tata Housing Development Company, the real estate arm of Tata Group, has launched GoodLife, its first retail brand in its 65-acre integrated township project in Boisar near Thane. GoodLife will take shape into a hypermarket, which will cater to daily requirements of the township by offering a range of products, such as apparel, accessories and services like a bank branch, ATMs, salon, restaurants, a café and entertainment.

Portuguese firm Exago ties up with Albion Infotel

IT services firm Albion Infotel on Tuesday said it has partnered with Portuguese company Exago Markets to introduce the latter’s solutions in the Indian market. Exago’s model combines concepts like predictive markets through software technology and value-added services, delivering the highest performance in corporate innovation initiatives, Albion said in a statement. Exago’s solutions cover the entire process from ideation to implementation, it added. “Innovation is no longer merely a buzzword and is now widely recognised as an integral

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