Edelweiss invests Rs 355 crore in Hubtown’s two residential projects in Mumbai Hubtown Seasons is spread over a 10-acre land parcel and is a public-private partnership (PPP) project with the government of Maharashtra. The sale potential in the first phase funded by Edelweiss is around 3.5 lakh sq ft of area, and the government obligations in respect of the first phase are completed, and the focus will now be on completing the sale area within the next 2 years.
Reliance Ind’s joint CFO buys two sea-facing apartments in Mumbai’s Prabhadevi for Rs 40 crore Shrikanth Venkatachari has bought the two apartments, spread over 6,685 sq ft in the '25 South' tower, along with his wife. The apartments are situated on the 41st floor and will provide the buyer access to six car-parking slots.
Income Tax Department conducts searches at Oberoi Realty, Capacite Infra Confirming the development, a senior official of the I-T Department told Moneycontrol there was suspicion on related party transaction within Oberoi and also of a difference between the sale price of housing units shown on the books and the registered prices.