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Embassy REIT to invest Rs 850 crore to develop 1.9 million sq ft office space in Bengaluru – ET RealEstate

Embassy REIT to invest Rs 850 crore to develop 1.9 million sq ft office space in Bengaluru – ET RealEstate

by Green Earth Spaces | Jan 30, 2022 | Realty

[ad_1] Representative ImageNEW DELHI: Embassy Office Parks REIT will invest Rs 850 crore to develop nearly two million square feet office buildings in Bengaluru as the company remains bullish on demand for premium workspace, a senior company official said. Embassy...
PF rules change for Air India employees as it becomes private. Details here

PF rules change for Air India employees as it becomes private. Details here

by Green Earth Spaces | Jan 29, 2022 | Realty

[ad_1] Air India as a government institution was covered under the PF Act of 1925 where the contributions to the provident fund were at 10% by the employer and 10% by the employees.  Around 7,453 employees of Air India will receive an extra 2% employer’s...
Embassy REIT gets right of first offer for Chennai property – ET RealEstate

Embassy REIT gets right of first offer for Chennai property – ET RealEstate

by Green Earth Spaces | Jan 29, 2022 | Realty

[ad_1] Embassy Office Parks REIT has received a right of first offer (‘ROFO’) notice from one of its sponsors, Embassy Group, for a Chennai property, Embassy Splendid TechZone. The deal is expected to be valued at over Rs 2,500 crore. “The...
Indian shares end lower for second week; IT stocks rebound

Indian shares end lower for second week; IT stocks rebound

by Green Earth Spaces | Jan 28, 2022 | Realty

[ad_1] Shares closed mostly unchanged on Friday, as gains in information technology and energy stocks were offset by weakness in banking and auto stocks, but benchmark indexes ended lower for a second consecutive week.The blue-chip NSE Nifty 50 index ended 0.05% lower...
Noida: E-auction for shops in Master Green Park on February 15 – ET RealEstate

Noida: E-auction for shops in Master Green Park on February 15 – ET RealEstate

by Green Earth Spaces | Jan 28, 2022 | Realty

[ad_1] NOIDA: The e-auction for the commercial space in Sector 117 Master Green Park project, which has been developed by Noida Authority at a cost of Rs. 20 crore, will take place on February 15. The commercial hub that is part of the 18-acre park has a total of 48...
Future Enterprises to sell 25% stake in insurance JV biz for ₹1,252 crore

Future Enterprises to sell 25% stake in insurance JV biz for ₹1,252 crore

by Green Earth Spaces | Jan 27, 2022 | Realty

[ad_1] Currently, Future holds 51% stake in the joint venture, while Generali owns 49%. The joint venture is called Future Generali India Insurance Co. Ltd. BySwaraj Singh Dhanjal , New Delhi Future Enterprises Ltd on Thursday announced the sale of 25% stake in Future...
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