Company executives said that India Forbes Global Properties is also exploring real estate opportunities in Ayodhya especially in hospitality sector. The firm will also provide brokerage services for the luxury residential segment and is looking at buying equity stakes in at least two such consultancy firms.
Tata Indian Opportunities Fund, Tata Mutual Fund – Tata ELSS Tax Saver Fund, BOFA Securities Europe SA-ODI and Aditya Birla Sun Life Insurance Company Limited have collectively been allotted 50 percent of the issue size, the realty firm said.
This is the sixth tower that has been declared “unsafe to live” by the IIT Delhi structural audit report. Prior to this, towers D, E, F, G and H were declared
The survey stated that Goa remains the top hot spot for vacation homes, commanding a significant 35 percent share of responses. Desire to invest in overseas property remained stable at 12 percent, with Dubai UAE, and USA maintaining their positions as top choices.
Omaxe has secured new financial assistance totalling Rs 450 crore from Kotak Mahindra Bank Limited and out of this amount, Rs 290 crore has been utilized to repay the facility initially obtained from Varde Partners and the remaining Rs 160 crore will be allocated for development of its projects.