Category: News

An announcement was made by Mahindra Lifespaces according to which the Managing Director and Chief Executive Officer of the Company, Ms Sangeeta Prasad resigned from her post. She expressed that she would like to pursue other interests. Till 30th of June 2020, she will continue with the company. In the year 2008, Sangeeta Prasad joined the Mahindra group as COO of Mahindra World City Developers Ltd. She got promoted as CEO of the Integrated cities and Industrial clusters business within Continue Reading

Intending to have a de-congestion road, National Highway Authority of India decided to introduce a mandatory Left turn at Cyber Hub for commuters heading towards Udhyog Vihar as soon as elevated U-turn at the intersection turns out to be fully operational and that would be most probably by the end of April. One of the NHAI Officers informed that commuters would take the elevated U-Turn which would necessarily reduce the traffic congestion at Shankar Chowk. Another piece of information was Continue Reading

DLF, a renowned name in real estate has leased 2 lakh sq. ft of office space in Gurgaon’s Cybercity to Facebook. People who were well aware of the development told that the office space that has currently been taken by Facebook was leased only after another company vacated the building situated at National Highway 8. A senior executive stated that the space has been taken at DLF Atria, on NH8. The average rental in the area per month is Rs Continue Reading

The listed arm of IndiaBulls Group, known as Indiabulls Real Estate has decided to merge with a Bengaluru based realty embassy that is unlisted. After having a successful merger, global private equity major Blackstone would imbibe $200 million to its existence. The deal was sealed and the merged entity would be controlled by Jitu Virwani, the promoter. Sameer Gehlaut, the promoter of Indiabulls would be designated as the passive shareholder. With the emergence of this merger, Indiabulls Group will take Continue Reading