Prestige Office Ventures Plans Major Expansion by 2028
In a significant development for India’s commercial real estate sector, Prestige Office Ventures, the office arm of Prestige Group, has announced plans to expand its office portfolio to 30 million square feet by April 2028. This expansion is expected to generate an annual rental income of Rs 32,000 million by December 2028.The 30 million square feet portfolio will include 12 million square feet of completed assets. In Delhi, the company has recently completed 700,000 sq ft of office space in the Aerocity area. Additionally, Prestige Office Ventures is planning to launch one or two more proje..
Ashtech Group Expands into Real Estate with Luxury Project
Ashtech Group, a leader in sustainable construction materials and infrastructure, has ventured into real estate with Rs 18,000 million investments in a luxury housing project in Greater Noida West.The project will be developed on a fully paid 5.6-acre plot, acquired for approximately Rs 3,000 million from the local authority. Located in Sector 12, Greater Noida West, the site is strategically positioned near an 8-acre authority park, enhancing both lifestyle appeal and connectivity.Designed to offer a premium lifestyle, the project reflects Ashtech Group’s core values of quality, sustainabil..
Railways Sanctions Rs 396 mn for Doubling Ranaghat-Bangaon Line
The Railway Board has approved Rs 396.04 million for the doubling of the Ranaghat-Bangaon rail line in West Bengal. This project aims to reduce congestion in the current section, which is operating at 114 per cent of its capacity. By doubling the 32.93 km stretch, the railways intend to improve the movement of both freight and passenger trains, benefitting the local districts of Nadia and North 24 Parganas.The Ranaghat-Bangaon section is part of Eastern Railway’s Sealdah division. Ranaghat Junction is a key station on the Sealdah-Krishnanagar-Lalgola line, while Bangaon Junction connects to ..
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