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News on Medial
Max Estates takes over Delhi One project in Noida
VCCircle
·
4m ago
Medial
Max Estates Ltd has taken over the stalled Delhi One project in Noida after receiving approvals from corporate dispute resolution authorities. The project, now fully owned by Max Estates, involves a Rs 1,400 crore investment to settle liabilities and develop 2.5 million square feet of ultra-luxury residences and premium office spaces. Expected to generate over Rs 2,000 crore in sales, the revival aligns with Max Estates’ focus on premium real estate in the Delhi-NCR region.
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Godrej Properties achieves record sales of Rs 2,000+ cr with Godrej Jardinia launch in Noida
Money Control
·
1y ago
Medial
Godrej Properties has announced the sale of around 650 homes worth over Rs 2,000 crore in the Godrej Jardinia project in Noida. This marks their most successful launch in Noida in terms of sales value. The company aims to further strengthen its presence in the Noida market in the coming years. Sector 146, where the project is located, offers access to key infrastructure including Noida SEZ, entertainment hubs, and expressways. Godrej Properties had acquired 10 land parcels last year for housing projects worth over Rs 21,000 crore and aims to purchase more parcels this fiscal year.
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PSU banks offer a better investment opportunity; wait a bit in realty: Neeraj Dewan
Economic Times
·
1m ago
Medial
Neeraj Dewan, a market expert, highlights investment potential in PSU banks over private sector banks due to their undervaluation. He notes interest rates and RBI measures have improved the real estate sector, though demand is currently consolidating, particularly in North India. Dewan sees opportunity in stocks like Max Estates and DLF. Additionally, he believes that M&M is well-positioned in the EV market despite Tesla’s entry into India, particularly due to its competitive pricing.
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Apple to open 4 more stores in India, roll out 'made in India' iPhone 16 Pro this month
YourStory
·
11m ago
Medial
- Apple plans to open four new stores in India located in Pune, Bengaluru, Delhi-NCR, and Mumbai. - The company will introduce its first-ever 'made in India' iPhone 16 Pro and iPhone 16 Pro Max series devices this month. - Apple aims to expand its retail presence in India to connect with customers and provide more opportunities to shop for their products and services. - In April 2023, Apple launched its first two stores in India, one in Delhi and the other in Mumbai. - The new stores are expected to be operational next year in cities like Bengaluru, Pune, Delhi-NCR, and Mumbai. - Apple has started manufacturing the complete iPhone 16 lineup in India, including the iPhone 16 Pro and iPhone 16 Pro Max models.
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India's Max Financial says hacker accessed customer data from its insurance unit | TechCrunch
TechCrunch
·
1m ago
Medial
Max Financial Services reported that its insurance arm, Axis Max Life Insurance, experienced unauthorized access to its customer data, prompting an investigation in collaboration with security experts. The Noida-based firm, India's fifth-largest insurer with significant assets and coverage, initiated a security assessment and data analysis following the breach. Details remain undisclosed as the company works to identify the cause and implement remedial actions. TechCrunch is awaiting further responses from Axis Max Life Insurance.
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Singapore’s CapitaLand REIT set to acquire office asset in Bengaluru
VCCircle
·
6m ago
Medial
Singapore-based CapitaLand REIT plans to acquire an office project in Bengaluru's Outer Ring Road area, partnering with Maia Estates Offices for S$233.6 million. The project, part of a mixed-use development, features approximately 1.13 million square feet of office space. Funding will partly come from divestment proceeds, debt, and internal resources, intending to enhance CapitaLand's Bengaluru portfolio. The acquisition will expand its overall operational area and increase its net leasable area significantly upon completion.
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Max Healthcare to invest ₹2,500 crore to develop hospitals in Lucknow
Livemint
·
1y ago
Medial
Delhi-based private hospital chain, Max Healthcare Institute Ltd (MHIL), has announced plans to invest ₹2,500 crore in developing hospitals in Lucknow and expanding its presence in Uttar Pradesh (UP). The investment includes the development of a new 500-bed hospital and expanding the capacity of the recently-acquired Max Super Specialty Hospital in Lucknow. This investment is part of MHIL's larger plan to invest ₹5,000 crore in doubling its capacity across its network of hospitals over the next few years. The company expects to create employment opportunities for over 10,000 people through these investments.
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Delhi Assembly to go fully digital by July; Kiren Rijiju lays foundation stone for e-Vidhan project
Economic Times
·
2m ago
Medial
The Delhi Assembly is set to become fully digital by July, as Union Parliamentary Affairs Minister Kiren Rijiju laid the foundation stone for the National e-Vidhan Application (NeVA) project. This initiative aims to enhance legislative efficiency and transparency under the 'One Nation, One Application' drive. Delhi's transition includes a solar-powered, paperless assembly, emphasizing digital democracy and environmental responsibility. The project includes infrastructure upgrades, a modern e-library, and converting the premises into a cultural site.
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Left ₹1.5 cr US job, Delhi founder launches 60-Min med delivery
Inshorts
·
4m ago
Medial
Moved by patients struggling to find medicines, Rajat Gupta, a Delhi-based entrepreneur, quit his ₹1.5 crore US job to launch an online medicine delivery platform in India. It delivers medicines in under 60 minutes, has fulfilled 400+ orders in Delhi, and is expanding to Noida, Mumbai, and more. Soon launching in tier 2 & 3 cities.
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Delhi government's dust pollution mitigation project to cost over Rs 2,000 crore
Economic Times
·
2m ago
Medial
The Delhi government has approved a Rs 2,388 crore dust pollution mitigation project over ten years to improve air quality. The initiative involves the Public Works Department using 250 water sprinklers and 70 mechanical road sweepers with anti-smog guns. The project aims to increase cleaning efficiency and reduce PM-10 levels. The Delhi Jal Board will supply treated water for operations, and the plan targets major roads initially, with potential for expansion.
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Tiger Global-backed Chaayos takes a bite of cookie maker
VCCircle
·
9m ago
Medial
Chaayos, a tea cafe chain backed by Tiger Global, has made an investment in a Noida-based cookie maker and retailer during their ongoing funding round. The details of the investment were not disclosed. Chaayos' move is seen as a strategic step to diversify its product offerings and expand its presence in the food and beverage industry.
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