#RealtyNewsRoundup: Govt To Announce Names Of 14 More Smart Cities Soon
Realty News Roundup is PropGuide’s selection of top stories from the real estate sector.
The government is all set to announce 14 more names to be included in the first set of cities to receive funds under the Smart Cities Mission. This will take the total number of cities to 34. Read more
The Rashtrapati Bhavan has partnered with information technology girant IBM to transform the Presidential Estate into a smart township. IBM has set up an Intelligent Operations Center to monitor and enhance the efficiency of critical infrastructure and utilities at Presidential Estate, spread across 330 acres. President Pranab Mukherjee said the smart presidential estate was a replicable model, which could be replicated in other parts of the country through citizen's engagement, public and private sector participation and deployment of intensive technologies. Read more
Global IT major Apple is in talks to lease over 40,000 square feet of office space in Bengaluru, where it intends to set up a development centre. The company had signed a letter of intent with Galleria, a mixed-use project in Bengaluru, a source said. Galleria is 3-lakh sq ft office space that belongs to Standard Brick Tile Company. Read more
Mumbai-based non-banking finance company, Altico Capital has invested Rs 130 crore in two residential projects in Mumbai and the National Capital Region. Altico Capital has closed a Rs 50-cr transaction with Noida-based Lotus Greens group for a residential project 'Arena I', which is a part of a larger Sports City development zone at Sector-79, Noida. The funding proceeds will be utilized for construction of the project. Read more