The building, called Green Boulevard, is in Sector 62 of Noida. It has tenants such as Accenture, Nokia Siemens and Sapient.
Private equity firm Kotak Realty Fund is close to buying a 7,00,000 sq ft IT park in Noida from The 3C Company for around Rs. 250 crore: Sources
RBI's move comes at a time when things have begun to look up for the real estate sector as the economy has been performing better.
Red Fort Capital, a real estate private equity firm, had committed to invest Rs1,000 crore in a clutch of projects to be developed by Lotus Greens.
The National Green Tribunal (NGT) had forbidden the Noida Authority from giving completion certificates to the projects.
The two big sporting properties are expected to see combined ad spends of Rs2,200-2,500 crore in the four months from February to May.
Around Rs 300 crore will be used to service the existing debt while Rs 125 crore will go towards development of the company’s other projects.
It is likely to be a shot in the arm for real estate development in the region and could bring home sales back to life.
Office space leasing across the top seven cities in the country rose to 33 million sq ft last year from 28 million sq ft in 2013, according to property advisory firm CBRE.
Arun Pandey attributed Dhoni’s surprising retirement from Test cricket to the amount of cricket played these days, forcing the Indian captain to give up one format.
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