We have tendered out 3,800 projects worth Rs.1,380 billion
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Drone, DGPS surveys to start in Thiruvananthapuram’s selected areas
The city-level committee has sanctioned the drone and differential global positioning system (DGPS) survey to be conducted, as part of executing the Local Area Plan (LAP) and Town Planning Scheme (TPS) in Thiruvananthapuram.
While Vizhinjam, Mulloor, Kottapuram and Venganoor have been selected as the regions for the preparation of TPS, the Palayam, Thampanoor, Vazhuthacaud and Thycaud wards have been chosen for the preparation of the LAP in the city. The Tamil Nadu Institute of Urban Studies (TNIUS), the agency authorised to conduct the survey, will be carrying out the dron..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..