Oberoi Realty has entered into an agreement to jointly develop an over 4 million sq ft residential project on an 18.3 acre land parcel in Thane’s Kolshet locality.

A stalled redevelopment project in Worli worth Rs. 3,000 crore has been taken over by Oberoi Realty after the earlier builder, HBS Realtors, appointed by the society in 2009, was unable to complete the work. The project comes after Worli’s Shivshahi Cooperative Housing Society, comprising 12 buildings, was demolished seven years ago.

GPL has received a letter of award from the State Water and Sanitation Mission (SWSM), Namami Gange and Rural Water Supply Department, Lucknow, Uttar Pradesh. The scope of work includes construction of Lagaon Group of Villages Water Supply Scheme and relevant works.

The company is setting up an office in India under the name Oberoi-A&M Infra-Consortium, following which A&M and Polaris Energy Resources Inc (USA) will undertake development of mega infrastructure projects in India, largely on the EPC and finance model. Priority projects will include low cost housing, roads, bridges, and smart cities.

The real estate industry’s business cycle tends to be predictable wherein a low take-off is followed by an increase in price point and a period of higher sales. After a year, which saw crucial regulatory changes, I think the country is witnessing an initial period of an upswing.

Real-estate prices in Mumbai, India’s high-flying financial capital are never out of news. From South Mumbai’s spectacularly pricey trophy properties to the chronically unaffordable price tags of what passes for mid-income and affordable housing in the city, there is no getting over, under, around or through the extremely high property prices in Mumbai.

Plans to set up a Greenfield production facility of polyester partially oriented yarn (POY) with production capacity of 20 tonne per day (TPD). The project also includes expansion of its existing production capacity of its ultra modern dope dyed polyester yarn (DDPY) unit. The completion is targeted by January 2017.

Bagged a contract from the Chhattisgarh government to handle e-procurement of all its government departments for the next five years, beginning July 1, 2015. It sets a template for more such e-procurement contracts to be farmed out in future by other state governments.

Ahmedabad based company is setting up a unit spread over 75 acre at Sanand. The unit will manufacture its novel topical drug delivery system. This unit will be ready by 2017.