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Rahul, Priyanka arrested on way to Hathras

They were arrested near Yamuna Expressway, after allegedly being shoved and pushed to the ground by UP Police, while on his way to Hat ...
The Economic Times
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| 01 October, 2020, 06:16 PM IST | E-Paper


    Realty hot spot series: This Ahmedabad locality is a residential and commercial hub

    This week ET Wealth takes a look at Prahlad Nagar, Ahmedabad. The area has multiple office buildings and residential apartment complexes making it a residential and commercial hub. Here is a look at locality features.

    • Over the next five years, Singapore, Bangkok and Bengaluru should see rents increase at 3.0% or more, while Delhi-NCR, Auckland, Melbourne and Taipei should see rents increase in excess of 2.0% as demand catches up with planned supply.

      The project was sold to some 2,000 allottees but only 300 of them were handed over shops and commercial spaces subsequently. In 2019, Diamond Traexim, a financial lender, raised an insolvency bid against IHC to recover a debt of Rs 16 crore.

      The auction process of 38 coal mines for sale of coal was launched by the coal ministry on June 18, 2020. The last date of submission of technical bids was Tuesday. Technical Bids consisting of online and offline bid documents were opened on Wednesday.

      With more and more offices embracing the option of working remotely even after a majority of the restrictions have been lifted, landlords are struggling to find takers for their flats at rates set before the pandemic.

      People aware of the matter said the apex court refused the plea made by the Jharkhand government to stay the auction process. Tuesday is the last day for submission of bids while the bid opening is scheduled to take place on Wednesday.

      Though demand for office space will come down, it is not expected to crash. Many employers will need to scale up the usable area for each employee. There could also be an uptick in demand for bigger, more flexible houses.

      "That is a commitment we made to BharatBenz buyers from the beginning, and we will continue to honour it," he said. Early this year, Daimler India sold one lakh BharatBenz trucks in the country. The company's managing director Satyakam Arya said, "Last month, BharatBenz showed double digit sales compared to August 2019.

      Net absorption of commercial real estate across top 8 cities declined over 73% from a year ago and 49.5% on-quarter to 3.72 million sq ft during the quarter as fresh transaction activity remained muted, showed data from Cushman & Wakefield.

      The locality is well-connected with NCR through NH-48, Golf Course Ext. Road and Netaji Subhash Marg. It also has key schools & hospitals such as GD Goenka Public School, DAV Public School, Medanta and Park Hospital.

      The state cabinet also approved a Rs 700 crore road tax waiver plan for commercial vehicles to compensate for losses the transport industry suffered in the lockdown. The reduction in stamp duty, though temporary, could be substantial for a prospective home buyer.

      The project is coming up on a 40-acre plot in the IT hub of Chennai that was owned by group company, L&T Valves, which was shut down a few years ago.

      As the effects of Covid-19 become clearer and the economic impact more certain, experts believe investors’ mindsets will shift to exploiting market mispricing opportunistically and positioning for later market cycles in line with global megatrends.

      "A total number of 82 bids from 46 companies have been received offline/ physically in the office of the nominated authority for 23 coal mines/ blocks. Two or more bids have been received for 20 coal mines/ blocks," the ministry said.

      NABARD is a part of the consortium of lenders and is signatory to an Inter Creditor Agreement (ICA) executed between the lenders of RCF under June 7, 2019 circular of RBI on resolution of stressed assets.

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