Online registration of new properties from builders speed up

RVNL Secures Maharashtra Metro Project

Rail Vikas Nigam Limited (RVNL) has successfully secured a significant metro project in Maharashtra worth Rs 3.39 billion. The project, awarded to RVNL, underscores the company's expertise and capabilities in executing large-scale infrastructure projects.

The Maharashtra Metro project involves the construction of crucial metro infrastructure to enhance connectivity and mobility in the state. RVNL's involvement in the project is expected to contribute to the development of modern and efficient transportation systems in Maharashtra.

The project's scope includes the design, construc..

Enfinity Global Inc. secures $135 mn financing with CPP Investments

Enfinity Global Inc. has finalised a $135 million financing agreement with the Canada Pension Plan Investment Board (CPP Investments) for the development and implementation of 1.2 gigawatts (GW) of solar and wind projects spanning five Indian states.

"The projects in this portfolio, spread across five states (Maharashtra, Delhi, Karnataka, Rajasthan and Uttar Pradesh), are in advanced stages of development and are expected to be commissioned between 2025 and 2026," the company said in a statement.

Carlos Domenech, CEO, Enfinity Global, highlighted the significance of renewable ..

Maharashtra CM Accelerates Rail Projects

In a bid to enhance connectivity and stimulate economic growth, the Maharashtra Chief Minister, in collaboration with the Mahayuti government, has expedited the long-pending railway projects in the state. With a strategic focus on infrastructure development, this initiative aims to address the burgeoning demands of commuters and industries, thereby fostering socio-economic progress across the region.

The concerted effort to fast-track these railway projects underscores the government's commitment to bolstering transportation networks, a crucial aspect for driving economic activities an..

Q4 profit: Keystone Realtors' profit falls 60%

A 60 % fall was seen in realty firm Keystone Realtors Ltd net profit to Rs 0.3 billion for the March quarter. Last year in the same period. The company?s net profit stood at Rs 0.76 billion.

In addition, total spending increased to Rs 7.81 billion from January to March of the previous fiscal year from Rs 2.71 billion the previous year. In the fourth quarter of the most recent fiscal year, total income increased to Rs 8.26 billion from Rs 3.57 billion during the same period the previous year.

The company's net profit increased to Rs 1.12 billion in the 2023?24 fiscal year from Rs..

Brookfield India Real Estate Trust will acquire a 50% stake

50% of the four Grade A assets from Bharti Enterprises (Bharti) will be acquired by Brookfield India Real Estate Trust (BIRET) as per an agreement between the two. The 3.3 million square feet of commercial real estate included in the deal have an enterprise value of about Rs 60,000 million. The whole equity payment for the 50% interest would be satisfied by giving Bharti first dibs on BIRET units, which are valued at Rs 300 each. After that, Bharti will retain an 8.53% ownership position in BIRET, making it the second-largest unitholder.

The portfolio of properties consists of the op..