Arihant Buys Land in Chennai IT Hub for Rs 12 Bn Housing Project
Chennai-based real estate developer Arihant Foundations & Housing has acquired a prominent 3-acre land parcel on MGR Salai, Perungudi, at the gateway to the city's rapidly growing IT corridor along Old Mahabalipuram Road (OMR). The company plans to develop a premium residential project on the site, with a proposed built-up area of 0.7 million square feet and an estimated Gross Development Value (GDV) of Rs 12 billion.The project is currently awaiting final regulatory approvals before its official launch. Arihant is expected to announce the construction timeline in the coming months.Located..
Uravi Defence Acquires Stake in UK’s Spafax to Boost Global Reach
Uravi Defence & Technology, one of the leading manufacturer and supplier of incandescent and wedge-based automotive lamps, is pleased to announce the company has plan to acquire 100 per cent equity stake in SPAFAX International, a reputed UK based company through its holding company known for its high-performance Automotive Defence solutions. The proposed investment has been executed through Bharat Technology, a wholly owned subsidiary of Uravi Defence & Technology. Looking ahead, Uravi intends to gradually increase its ownership in SPAFAX through a phased acquisition strategy. The pla..
KEC International Secures Rs 12.36 Bn Orders in Civil Business
KEC International, a global infrastructure EPC major, an RPG Group Company, has secured new orders of Rs 12.36 billion for Civil projects in India:High-rise Residential projects in Western India from renowned real estate developers, involving the development of over 50 lacs square feet of residential buildings along with associated facilitiesVimal Kejriwal, MD & CEO, KEC International commented, “We are delighted with the premium orders secured in our Civil business, including our largest order in the Buildings & Factories (B&F) segment. This marks a key milestone in our strategi..
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