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Govt allows Rakeen Development to invest 1,000 cr

The government on Friday allowed UAE-based real estate firm Rakeen Development to invest up to 250 million dollars (Rs 1,000 crore) in the infrastructure sector, including integrated townships and SEZs.

Mahindra Lifespace to develop residential project in Nagpur

The residential project was primarily offered to various firms in order to meet the housing requirements of Multi-modal Internal Hub Airport at Nagpur.

Talk of mass housing trendy as property slows

Property investors are targeting lower- to middle house-owners as the sales of plush apartments have slowed.

Realty space to gain from real estate MFs: KPMG

The Indian real estate sector is set to get a breather from the market regulator SEBI's move to allow Real Estate Mutual Funds.

Mukesh plans big for real estate, goes headhunting

Mukesh Ambani-led Reliance group has initiated a recruitment process for its big real estate projects.

Tier II, III cities see rise in mid-segment hotels

Mid-segment category of hotels in tier II and III cities are seeing a growth due to middle-income domestic tourists' demand

Omaxe consortium to bid for Rs 400 bn project

A consortium, which includes realty firm Omaxe Ltd and GVK Power & Infrastructure Ltd, will bid for the Ganga expressway project of UP govt.

Omaxe buys Rs 100 cr worth land from VUDA

Real estate firm Omaxe Ltd said it acquired 19.53 acres of land worth Rs 100.57 cr from Visakhaptanam Urban Development Authority.

DLF to invest Rs 16k cr to build 20 malls

DLF plans to invest Rs 16,000 crore over four years to develop about 20 large shopping malls across the country.

Mumbai in dearest office mkts globally: CBRE

Country's financial hub Mumbai has joined the league of the costliest global cities like New York and Tokyo, driven by supply constraints and rise in absorption rate of commercial spaces, a survey says.

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Markets

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Companies

BHEL acquires firm, to set up power plant

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