IWG snaps up WeWork office spaces in London and New York

BENGALURU: Office space provider IWG is set to open eight new shared-office centres in locations including London and New York, five of which were previously operated by its U.S.-based rival WeWork, as it seeks to meet the growing need for flexible work spaces. Two of the former WeWork properties are located in Kensington, London, ...
July 20, 2021

Telangana raises ₹2,729 cr through land auction in Hyderabad

Telangana Government has raised ₹2,729 crore through auction of 65 acres of Government lands undertaken by Hyderabad Metropolitan Development Authority and Telangana State Industrial Infrastructure Corporation (TSIIC). While the 50 acres land offered by HMDA at Neopolis layout in Kokapet abutting Financial District in Hyderabad, saw bids worth ₹2,000 crore, the auction taken up ...
July 17, 2021

BEE launches energy efficiency tools for real estate sector

The Bureau of Energy Efficiency (BEE) on Friday launched an online directory of building materials to boost energy efficiency in the real estate sector. The BEE also released Eco Niwas Samhita 2021, a model code and verification framework for minimum energy performance requirements for building services. “There is a plan for amendment of the ...
July 16, 2021

Land auction in Hyderabad fetches ₹2,000 cr for 50 acres

The Hyderabad Metropolitan Development Authority, which has taken up auction of 50 acres of land at Neopolis layout in Kokapet abutting financial district in Hyderabad, has received overwhelming response with a commitment of ₹2,000 crore. Significantly, while the upset bid amount was ₹25 crore per acre, the bids ranged from ₹31.2 crore per acre ...
July 15, 2021