Let’s have a peek at the specially curated Indian Real Estate News from May 04 – May 10, 2021. These articles have been collected from the nation’s most reliable and trusted sources.
Blackstone Group to increase its investments in India
With already 22 Billion Dollars already invested in India over the past two decades, Blackstone Group, the international alternative investment management firm, claims that India is its most profitable market and is set to invest more. They have also committed to providing 5 Million Dollars into India’s Covid Relief funds.
BMC nods affirmative to Housing Societies to conducting Vaccine Drives
Mumbai: BMC has now permitted the housing societies to conduct Vaccine drives within its premises, amidst the rising Covid cases to curb the curve. BMC is now setting up 227 centres to provide free vaccines to the public. Along with this initiative, it can really change the game for beating the rising Covid cases.
IBM’s Kyndrl to set up an office in Kochi
Kochi: The tech giant IBM or International Business Machines is all set to mark its presence down at the Queen of Arabian Sea, Kochi. The company will have a new name, Kyndryl and the realty consultancy Cushman and Wakefield are scouting for IBM’s perfect address to commence its operations.
Godrej Properties lists down the loss of 194 Cr
Mumbai: Due to the pandemic crisis, the reality developer giant Godrej Properties had a total income loss of 60 percent within Q4FY21, which amounts to Rs 194 Crores. The group had a profit in Q4FY20 of Rs 102 Crores, and now the home sales have been weak, especially in tier 1 cities