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PROPERTY AUCTION REVENUE
DDA auction of 142 properties generates Rs 1,300 crore revenueThe Delhi Development Authority has hit a major milestone by auctioning 142 properties, bringing in a remarkable revenue of Rs 1,321 crore....- Godrej Properties buys 23-acre land in Greater Noida for Rs 500 cr to build homesGodrej Properties will develop a group housing project on the land parcel, "which is expected to offer an estimated revenue potential of ov...
- In 2024, a tourist at a beach bar in Varna, Bulgaria, noticed this table was actually an ancient artifact, later identified as a 1,700-year-old Roman sarcophagusA Roman sarcophagus, dating back to the 2nd century AD, was discovered serving as a table at a beach bar in Varna, Bulgaria. This ancient r...
- India’s sports boom is just getting startedIndia is a major sports market, with cricket leading the way. The nation's sports economy is rapidly expanding. The focus now shifts to bro...
- Gram panchayats boost own earnings, fund schools, flood control and digital accessIndian villages are achieving financial independence. Gram panchayats are boosting tax collections and using their own funds for schools, f...
- ED eyes Rs 151 crore BSNL land deal in Chennai for new office complexThe Directorate of Enforcement is set to acquire a significant land parcel from BSNL in Chennai. This move aims to establish a new office c...
- Russian bank, PSUs help NBCC generate Rs 5,779 cr from office tower sale in south DelhiRussia's Sberbank has acquired two office towers in South Delhi for approximately Rs 2,000 crore. NBCC sold these towers as part of a large...
- Bombay High Court quashes Jawahar Talkies land auction on Srei petitionThey are among the first few financial companies taken to the National Company Law Tribunal by the central bank because of financial troubl...
- Iqbal Mirchi’s Mumbai property set to be auctionedSafema authorities have fixed a reserve price of Rs 3.45 crore for the 1245-sq feet flat at the plush Juhu Tara road in suburban Mumbai bel...
- Tata Group signs formal agreement with NDMC for operating Taj Mansingh for 33 yearsThe Tata group had retained the property at a license fees of Rs 7.03 crore per month including GST. Earlier, they were paying Rs 3.94 cror...
- IHCL signs formal agreement with NDMC for Taj MansinghNDMC officials said starting April 11, NDMC will get 32.5 % more revenue as against about 17.25 % under the previous terms and conditions f...
- Taj group acquires Lutyen's Delhi hotel in NDMC auctionThe property at 37, Shaheed Bhagat Singh Marg has about 85 rooms, 3 banquet halls and one swimming pool and is situated adjacent to Connaug...
- Bidding and eligibility criteria for Mansingh auction stay the same: NDMCThe municipal body’s comments came after parties looking at bidding for the property submitted their queries about the auction, which is sc...
- NDMC to begin auction process for Taj Mansingh, 2 other hotelsA decision to float tenders for the auction within this month was taken at a council meeting today presided over by Chief Minister Arvind K...
- Taj Mansingh to go under the hammer; MHA okays open auctionThe decision may trigger interest from the biggest names in hospitality sector, as the civic agency is planning to invite global tenders.
- Tatas to operate Taj Mansingh for three-six months after lease endsThe council has run out of time due to delays in getting clearances from the government, said an NDMC official, who didn't want to be ident...
- Tata Group hope to sort out Taj Mansingh hotel deal with NDMCIHCL’s 30-year lease with NDMC for the hotel ended in October 2011 after which the civic body decided to extend the lease for one year.
- Tatas to manage Taj Mansingh for another year, NDMC extends leaseThe property had drawn interest from several parties including PRS Oberoi, the chairman of EIH Ltd, which owns the Oberoi group of hotels.
- Taj Mansingh's fate to be decided by NDMC, Tatas likely to get favourable settlementThe NDMC council will meet on Thursday to decide the fate of Taj Mansingh, and the scale is tilting towards a favourable settlement for the...
- Taj Mansingh auction may trigger corporate jousting as Accor and Sahara may join bidding with TatasErnst & Young has said in its report that Tatas should be given right of first refusal or the option to match the highest bid.
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