Noida residents demand upkeep of parks
Noida parks suffer from neglect with missing plants, overgrown greenery, broken benches. RWA complaints ignored. Agencies fail to maintain. Officials Key Points
Times Of IndiaTransIndia Real Estate to sell stake in logistics parks to Blackstone
TransIndia Real Estate intends to utilize part of the proceeds to to set up logistics parks in Kolkata, Mumbai and Bengaluru. The cash proceeds from this divestment will also strengthen its balance sheet. Key Points
Economic TimesFan parks return after three years for IPL 2023. Check list of cities, dates here
The TATA Indian Premiere League has released the list of cities and dates where the fan parks will be organised. .Every weekend – throughout the duration of the tournament – there will be five fan parks. Key Points
mintVedanta to set up two industrial parks on a not-for-profit basis: Anil Agarwal
Vedanta would also consider similar parks for oil and gas, and iron and steel, said Agarwal. “An industrial park can greatly increase the competitiveness of manufacturing," he said. Key Points
Business TodayDelhi: MCD to spend ₹20 crore for new theme parks for children; check details
Delhi plans to open 10 new theme parks for children with interactive play structures like robots and animal replicas. The Municipal Corporation of Delhi aims to create fun spaces in various zones, featuring knowledge sections alongside entertainment. Key Points
mint
Netflix's 'The Lincoln Lawyer' Season 3: See all we know about cast, storyline, episode count and producti
Netflix's 'The Lincoln Lawyer' Season 3 adds Michael Irby, Maisie Klompus, and Wolé parks to its cast, joining Jon Tenney who returns as Mickey Haller, Sr. The season, based on Michael Connelly's 'The Gods of Guilt,' explores Mickey's past through flashback sequences, offering insight into his life as a lawyer, husband and father. Key Points
Economic TimesLingotto buys additional 16.5 percent stake in TVS Industrial and Logistics Parks
International Business News: Investment management firm Lingotto has acquired an additional 16.5% stake in TVS Industrial and Logistics Parks, bringing its total stake to 21%. TVS Key Points
Times Of IndiaThe Delhi-Mumbai Highway: Stimulating economic development, increasing demand for real estate in Delhi-NCR
Highway will pave the path for more accessible, sustainable, and infrastructure-backed growth in the states it goes through. It will support the systematic expansion of investment opportunities into business parks and clusters, sizable logistic parks to support exports and trade, and new townships nearby. Key Points
FinancialexpressBlackstone likely to exit Embassy Office parks REIT via block deal on Wednesday: Report
The floor price for the sale has been set at Rs 310 a share, and Kotak Mahindra Capital and IIFL Capital are the advisors to the mega deal. The floor price is at a discount of nearly 8% to the current market price. The units of Embassy parks REIT ended 3.4% higher on the BSE at Rs 335.54. Key Points
Economic TimesBlackstone-backed Nexus Select Trust's Rs 3,200 cr REIT IPO to open on May 9
The portfolio is 96% leased with a diversified tenant base of over 1,000 national and international brands like Apple. Zara, H&M, Uniqlo, Sephora, Superdry, Lifestyle, Shoppers Stop, Starbucks, McDonalds among others across around 3,000 stores. Key Points
Economic Times
Blackstone to exit Embassy Reit in $833mn block deal
The deal has a floor price of ₹310 per share, representing a discount of approximately 7.7% compared to Embassy Office Parks' Tuesday closing price. Key Points
mintWelspun One announces joint venture with GRT Group in T.N. for two warehousing projects on NH16
The GRT Group has partnered with Welspun One Logistics parks (WOLP), an integrated fund and development warehousing platform, to develop two Grade-A warehousing projects in Tamil Nadu. WOLP is the warehousing platform of the USD 2.3 billion global conglomerate, Welspun Group. Key Points
The HinduA corridor to power: The project that will speed up India and boost its economy
DFCs will help India reduce its high logistics costs from some 13-15 per cent of the GDP and help it move towards the target of 8 per cent by bringing them more in line with global standards. In addition, each kilometer-long freight train on the EDFC will replace some 72 trucks on average. This will ease congestion on Indias overcrowded roads and highways, which carry an overwhelming 60 per cent of the countrys freight. Key Points
Economic TimesA corridor to power: The project that will speed up India and boost its economy
DFCs will help India reduce its high logistics costs from some 13-15 per cent of the GDP and help it move towards the target of 8 per cent by bringing them more in line with global standards. In addition, each kilometer-long freight train on the EDFC will replace some 72 trucks on average. This will ease congestion on Indias overcrowded roads and highways, which carry an overwhelming 60 per cent of the countrys freight. Key Points
Economic TimesSolitaire Group acquires 20-acre land parcel in Mumbai’s Andheri for Rs 550 crore
Solitaire Group's subsidiary, Honest Vastunirman, has acquired a 20-acre land parcel in Mumbai for nearly Rs 550 crore. The property developer will construct 140 residential tenements on the land. The ongoing upcycle in the housing market segment is prompting more real estate developers to opt and propose residential developments on their land parcels that are already part of their land bank or are being acquired now. Key Points
Economic Times
British-style gardens have their own relevance, just like public parks do
Ornamental garden-style designs are also taking over common parks in residential colonies in urban India mainly because plots are now entirely covered by construction, leaving no space for individual green patches. Condominium complexes also favour manicured public spaces. So our love for Raj-era gardening is spilling into spaces that should have more freestyle vegetation. But Britain is going the other way, apparently. Key Points
Economic Times