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Mitsubishi

Weekly News Round Up

Welcome back viewers and here are the weekly real estate and city infrastructure updates for you. Let’s start with some of the updates from the construction industry. Supreme Court put a ban on construction activities in Maharashtra, Uttarakhand, Madhya Pradesh and Chandigarh. The court took this decision to panelise the state governments for not forming the policies on solid waste management. However, with prompt action from the governments of Maharashtra and Uttarakhand, the court lifted ban in these two states later this week. The developers’ community are worried over this decision as this will lead to further delay in construction and possession of the properties.  They are asking why they should be panelised for the negligence done by the government! News from Kolkata, on Tuesday, a ...

Elan Group joins hand with Mitsubishi

A partnership between two powerhouses is expected to provide a strong platform for sustained growth in Indian Real Estate Sector Elan Group, one of the leading commercial real estate developers of Gurgaon, has entered into a strategic partnership with Mitsubishi Elevator India Private Limited (hereafter called Mitsubishi Elevator) whose mother factory in Japan called Mitsubishi Electric Corporation INAZAWA Works is one of the leading global manufacturers of elevators and Escalators. This will help Elan Group deliver high-end commercial properties in Delhi-NCR. Explaining about the deal, Mr. Ravish Kapoor, Director, Elan Group, said,“ Elan Group believes in delivering lasting quality coupled with luxury to its customers. We believe in using high-end products and technology in all our projec...

Mitsubishi Partners With Shriram Properties For Its First-ever Real Estate Investments in India

Mitsubishi invests approx. Rs.180 crores in Shriram Park 63 project in Chennai Shriram Properties Limited (“Shriram”) and an investment arm of Mitsubishi Corporation, Japan (“Mitsubishi”), have signed definitive agreements for partnership in an ongoing large residential development project in Chennai (Tamil Nadu, India). This marks Mitsubishi’s entry into the Indian real estate sector and Shriram is proud to be the chosen partner for Mitsubishi’s maiden investment. In the past as well, Shriram was the chosen partner for first-ever realty investment respectively by TPG, Tata Capital, Walton Street Capital, and Starwood Capital, and is proud to have received similar confidence from another global major. Under the terms of the agreement, Mitsubishi arm is investing approx.Rs.180 crores toward...

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