Real estate developer Omaxe Ltd said it launched ‘Naffhil Homes’, its first budget homes at Allahabad in Uttar Pradesh. To be constructed over an area of about 20 acres, this affordable housing project will be a part of around 1,535 acre ‘Omaxe Waterfront Hi-Tech City’ project, the company said in a regulatory filing.
Naffhil homes will have estimated revenue of over Rs150 crore and will be ready for occupancy in about 30 months, it added.
On Thursday, Omaxe ended 0.8% up at Rs94 on the Bombay Stock Exchange, while the benchmark Sensex closed 1.7% up at 17,022 points.
ITC-Welcomgroup on Thursday said it signed an exclusive agreement with Starwood Hotels and Resorts to bring Starwood's premium brand, 'Luxury Collection,' in India.
Under the new franchise agreement, the seven hotels that will be part of the new brand, ITC-Luxury Collection, are ITC Maurya in Delhi, ITC Maratha in Mumbai, ITC Sonar in Kolkata, ITC Grand Central in Mumbai, ITC Windsor in Bangalore, ITC Kakatiya in Hyderabad and ITC Mughal in Agra, it said in a release.
Dynamatic Technologies Ltd said it signed a memorandum of understanding (MoU) with the government of Karnataka for the setting up a manufacturing facility for the aerospace industry at the Aerospace Park near the International Airport in Bangalore. No financial details were provided.
According to the MoU, Dynamatic will set up the aerospace facility for which the investment will be spread over six years, while the government, on its part, will endeavour to obtain fast-track clearances and approvals as well as provide the infrastructure such as land, water, power, necessary for the commencement of commercial production.
On Thursday, Dynamatic shares ended 10% up at Rs1,019 on the Bombay Stock Exchange, while the benchmark Sensex closed 1.7% up at 17,022 points.