City Jaipur Financial News

₹300 crore as first close of its alternative investment fund (AIF), Inliv Real Estate, said founder Mohit Malhotra, formerly the managing director and chief executive of Godrej Properties, on Thursday. The maiden fundraise of NeoLiv, registered as category II AIF, attracted interest from ultra-high net worth investors and family offices across India, with roadshows conducted in major cities including Mumbai, Delhi-NCR, Kolkata, Ahmedabad, Lucknow, Kanpur, Bhavnagar, Udaipur, and Bangalore.

real estate demand across the country. Capital flows hit a record $1.3 billion, compared to $600 million in 2022, according to real estate consultancy CBRE. While average annual inflow from 2019 to 2022 stood at $500 million, more than 85% of transactions in these cities were focused on development sites and the logistics sector. According to CBRE, several cities such as Ahmedabad, Indore, Jaipur, and Coimbatore are also seeing robust private equity (PE) interest across sectors such as e-commerce, startups, banking, financial services and insurance (BFSI) — all of which can have a complementing impact on real estate investments.

The real estate landscape in Delhi-NCR has witnessed a significant transformation, with the capital city maintaining its status as a thriving center for economic and cultural activities. Simultaneously, the surrounding tier-2 cities have emerged as influential players, particularly in the real estate sector. Among these, Bhiwadi stands out, strategically located on the Rajasthan-Haryana border.

cricket tournament. Pant has represented Delhi Capitals (DC) since 2016 and scored 2,838 runs in 98 matches at an average of 34.61 and a strike rate of over 147, with a century and 15 fifties to his name. The schedule until April 7 has been announced as of now, with the remainder to be declared later.

NEW DELHI : The Adani group will bid for the Airports Authority of India’s (AAI’s) stake in only Mumbai airport, and is not a suitor for the state-owned airport operator’s residual share in airports in Delhi, Bengaluru and Hyderabad, Karan Adani, managing director of Adani Ports and Special Economic Zone (APSEZ) said. He added that the group will bid for airports that the government plans to put for auctions. “We will bid for (AAI) airports...

Funding the purchase of your dream house is a tough ask, particularly if you are a salaried employee. For one, property prices seem to be on the rise always. Two, savings from mutual fund investments and bank fixed deposits alone may not be sufficient as there will always be expenses that are often unaccounted for.

ARCs) are lining up for the bankrupt ACCIL Corp's ₹270 crore debt in what is turning out to be a rare 100% recovery for banks. The asset in question is an ACCIL-owned hotel in Jaipur, which has been put on block by lenders to recover their dues. Last month, Omkara ARC beat competitor Asset Reconstruction Company of India (Arcil) with a ₹38 crore cash offer to Chennai-based Indian Bank in a Swiss challenge. Separately, Arcil has emerged as the preferred bidder to take over the ₹113 crore debt owed to Union Bank of India, the lead lender in the case.

Congress leaders of Rajasthan, including former ministers Rajendra Yadav and Lal Chand Kataria, joined BJP on Sunday ahead of the Lok Sabha elections. Former Congress MLAs Ricchpal Mirdha, Vijaypal Mirdha and Khiladi Bairwa, former independent MLA Alok Beniwal, former state Congress chief Seva Dal Suresh Chaudhary, Rampal Sharma and Riju Jhunjhunwala, among other leaders, also joined BJP, which recently came to power in Rajasthan. Alok Beniwal is the son of the former governor of Gujarat Kamla Beniwal. Rajasthan CM Bhajanlal Sharma, state BJP president CP Joshi and Union minister Bhupendra Yadav welcomed them into the party at their state headquarters in Jaipur. Addressing a gathering, Kataria said he joined BJP because the party understands the pain and suffering of farmers, the poor and the common man. It was CM Shama who worked to resolve the issue of the Eastern Rajasthan Canal Project, he said.

₹60,000 crore to expand the seven existing airports in its portfolio over the next 5-10 years, Karan Adani, MD of Adani Ports and Special Economic Zone Ltd, said. About half of the investment would be pumped into terminal and runway capacity over five years, and the rest would be invested in city-side development of the airports over a period of 10 years, Adani said on the sidelines of an event. These investments will be in addition to the ₹18,000 crore that the group plans to invest in Navi Mumbai airport.

Ranglal Singhal, the 54-year-old man who was arrested from Jaipur for the alleged murder of his 29-year-old son in south Delhi's Devli, has revealed the reason behind the killing. During police interrogation, Singhal confessed stating that he wanted to avenge his son's misbehavior and physical abuse towards him. He also aimed to teach a lesson to his wife, who supported their son, by killing him a day before his wedding. According to the investigators, the trigger for the murder was a brawl that occurred on Wednesday. However, Singhal had been contemplating killing his son for the past few months. He hired three contract killers, aged between 22 and 25, from the same locality and paid them Rs 75,000 for the job. The deal was fixed at Rs 1.5 lakh.

Delhi Police for allegedly stabbing his son, Gaurav Singhal, to death just hours before his scheduled wedding.Ranglal Singhal, the accused, confessed to committing the brutal act, driven by what he described as constant humiliation inflicted upon him by his son. Gaurav, aged 29, was attacked with a sharp weapon multiple times, sustaining 15 stab wounds to his face and chest at their residence in Devli Extension, South Delhi.

The bankruptcy court in Ahmedabad has rejected Gujarat-based Express Group of Hotels’ revival plan for Neesa Leisure Ltd, which operates a luxury hotel chain under the brand Cambay. The company has admitted liabilities of Rs 1,580 crore, whereas the resolution plan approved by the lenders proposed to give Rs 150 crore to them to acquire the company through the bankruptcy process. The successful resolution applicant had proposed Rs 250 crore towards capex and fresh funds, bringing the total value of the plan to Rs 400 crore.

Cordelia Cruises, said Cordelia has a 100% sold out status for this Mahashivratri long weekend as well as for a cruise starting on Holi. Close to 4,000 guests will be on board for both the cruises. “How Indians used to cruise has changed post the Covid-19 pandemic,” Bailom said. “One of our key strategies has been to ensure we cater to weekend travellers who would like to holiday without taking too much time off work,” he added. The long weekends business has turned out to be a money spinner for hotels and travel companies post the pandemic, and most key properties in the north and west are sold out for the long weekends this month. Some are available at very steep rates.

₹820 crore across multiple UCO Bank accounts. The agency had registered a case on November 21, 2023 on a complaint received from the UCO Bank. ALSO READ: UCO Bank says ₹820 crore erroneously credited to account holders, ₹649 crore recovered In the complaint It was alleged that between November 10 to November 13, 2023, IMPS inward transactions initiated from around 14,600 account holders of seven private banks were wrongfully credited in the accounts of over 41,000 UCO Bank account holders.

CBI) has conducted raids across 62 locations in Rajasthan and Maharashtra in connection with the suspicious IMPS transactions worth Rs 820 crore reported at UCO Bank. On March 6, the CBI raided ‘extensive search operations’ in Rajasthan (including Jodhpur, Jaipur, Jalore, Nagaur, Barmer, Phalodi) and Pune (Maharashtra). “During these operations, approximately 130 incriminating documents related to UCO Bank and IDFC, as well as 43 digital devices (including 40 mobile phones, 2 hard disks, and 1 internet dongle) were seized for forensic analysis,” the CBI said in a press release. Further, it examined 30 suspects on the spot.

Adani Enterprises announced that its Dubai-based arm, Ospree International FZCO, has successfully acquired 100% stake in France-based Le Marche Duty Free SAS (LMDF) for a sum of 5,000 euros. This strategic move aims to bolster the company's presence and growth within the duty-free industry. Adani Enterprises emphasized the significance of this acquisition in a filing to the exchange, highlighting its alignment with the expansion goals of Mumbai Travel Retail Private Limited.

state government is determined to uplift women power and more than 11 lakh women of the state will become 'Lakhpati Didi' in the next three years. Sharma was virtually addressing a function organised in Jaipur on the occasion of the conclusion of the nationwide 'Shakti Vandan Abhiyan'. According to an official statement, Sharma said under the guidance of Prime Minister Narendra Modi, the central and state governments are working with determination for the upliftment of women power. He said in the last 10 years, the central government has launched many schemes to empower women economically and socially.

fielding new faces on seven Lok Sabha seats in the first list of 15 out of 25 Lok Sabha seats of Rajasthan, the remaining sitting MPs are apprehensive about the feedback the party high command might have regarding their winnability. With winnability being the paramount factor for the party in order to secure all 25 seats in the upcoming elections, the fate of the remaining 10 incumbent MPs hangs in balance. In the first list announced on Saturday, the BJP retained eight sitting MPs and gave tickets to new faces on seven seats. Two of the seven seats were vacant after the sitting MPs won the 2023 assembly elections. Candidates for Bikaner, Churu, Sikar, Alwar, Bharatpur, Nagaur, Pali, Jodhpur, Barmer, Jalore, Udaipur, Banswara, Chittorgarh, Kota and Jhalawar-Baran have been declared in the first list while announcement of tickets for Ajmer, Bhilwara, Dausa, Ganganagar, Jaipur, Jaipur Rural, Jhunjhunu, Karauli-Dholpur, Rajsamand and Tonk-Sawai Madhopur is awaited.

Small-town entrepreneurs are increasingly looking for modern office interiors, much like large corporates in metro cities, leading to a surge in demand for workspace interior companies, said industry executives. From local builders to garment traders and exporters, small-town businesses are investing heavily in renovating their offices with collaboration areas, modern ceilings and open chambers, they said. Lightspeed-backed workspace interiors platform OfficeBanao said 70% of its business comes from smaller cities as the next generation is investing in improving the office ambience.

Central India on Tuesday. A Met department spokesperson told PTI that several parts of Rajasthan, including Jodhpur, Ajmer, Kota and Jaipur, will likely receive light rain at isolated places in the next 48 hours due to a new western disturbance, on Monday. “There is a possibility of the formation of an induced circulation system in western Rajasthan and surrounding areas due to the activation of another intense western disturbance from March 1," according to the Meteorological Center Jaipur.

Reliance Industries and Reliance Foundation on Monday announced the launch of 'Vantara', an umbrella initiative aimed at rescuing, treating, caring and rehabilitating injured, abused and threatened animals, in India and abroad. The initiative—a brainchild of Anant Ambani, director on the boards of Reliance Industries and Reliance Foundation— is considered to be the world’s largest animal rescue and rehabilitation centre. "The Vantara initiative, the first of its kind in India, has been conceptualised and birthed under the passionate leadership of Anant Ambani, Director on the boards of RIL and Reliance Foundation," Reliance Industries said in a statement.