MUMBAI: US private equity firm Kohlberg Kravis Roberts & Co has made its entry in the country’s real estate sector by finalising investments of Rs 750 crore in two property projects. KKR has struck a structured debt transaction for Rs 400 crore for the Bhartiya Group’s integrated township project in Bangalore, two people with direct knowledge of the transactions said. It also agreed to provide a Rs 350 crore structured loan to the Wadhwa Group’s luxury home project in west central Mumbai, they said. The group will use the money to repay other lenders of the project, where the cost of apartments ranges from Rs 1.5 crore to Rs 10 […]

The Mumbai Metropolitan Region Development Authority (MMRDA) has begun the construction of 3.1 km-long new Metro Line 7A. The proposed metro corridor would comprise two stations and would connect Line 7 with the Chhatrapati Shivaji International Airport. The Mumbai Metropolitan Region Development Authority (MMRDA) has commenced the development of the Metro Line 7A.  The reach of the new metro would be 3.1 km, out of which 2.1 km-long section would be underground and would include a twin-tunnel. The corridor would establish connectivity between Metro Line 7 and the Chhatrapati Shivaji International Airport. Other areas that are expected to benefit from the improved connectivity include Andheri and Dahisar (East). According to an MMRDA […]

KOLKATA: The absence of a clear motive and strong indication that an “insider” might be involved in the murder of an elderly citizen at Deshapriya Park has sent neighbours of this upscale locality in shock. What adds to their anxiety is that Ranajit Chatterjee was being pursued by local promoters for the last two years to sell off his ancestral property worth crores now. Chatterjee refused. Police say his daughter cannot recall if he was ever threatened for this, but they will investigate this angle. “After what transpired at Short Street, we can hardly take a chance,” said a senior officer. Local residents – including actor Biplab Chatterjee – say […]

KOLKATA: The state Public Works department (PWD) have divided all its circles into three zones – North, West and South for better supervision and monitoring of development projects of various government department entrusted to PWD all over the state. The PWD authorities were mulling on the plan to reorganise all its circles with the aim to implement the concept of coming up with three zones – North zone, West zone and South zone – so that the authorities can properly monitor and supervise all development projects that have been entrusted on them by the other departments. The PWD has several circles under the PWD road division, national highway and state […]

KOLKATA: The Kolkata Municipal Corporation (KMC) has finally found a plot for setting up its second solid waste disposal ground. The civic body will use an area covering about 20 acres at Rajarhat New Town to develop a ‘waste-to-energy’ converting system that will be an alternative site to the existing Dhapa ground which has become overburdened. The KMC will soon sign an MoU with the Housing Infrastructure Development Corporation (Hidco) for this project. “We will sign a MOU with the KMC authorities. The KMC will develop the project on Action Area III. It will be a compact solid waste disposal ground from where energy generation will be done. The solid […]

KOLKATA: For the next couple of months from now, the Mamata Banerjee government will not acquire any land from farmers even if it is required for government projects. The message has already reached government departments after the chief minister’s press meet with Anna Hazare in New Delhi on Wednesday. The Trinamool chief will champion the cause of farmers as she did earlier. All infrastructure projects in Bengal will therefore, have to wait till the Lok Sabha polls are over. Mamata Banerjee doesn’t want any land controversy before the elections. State departments have been asked not to place any proposals for land acquisition for the time being. This even after the […]

Kolkata is all set to turn into a blue-and-white city during the Mamata government. The Kolkata Municipal Corporation (KMC) announced Monday that if you paint your house’ exterior blue-and-white, you will be fully exempted from paying property tax to the government. The Trinamool Congress-run KMC has come up with a proposal to waive the property tax for 2014-15 if a residential building or house is painted in the party’s favorite color combination — white and sky blue. “We will allow full waiver of property tax for 2014-15 if anybody wishes to paint his/her house or even apartment buildings, of course residential, in white and sky blue – the theme color […]

PUNE: The Zone 1 of Pune Municipal Corporation (PMC) on Friday took action against illegal constructions in Kalas and Dhanori areas, said a statement issued by Pune Municipal Corporation (PMC). The statement added that residential as well as commercial establishments had made these encroachments. The illegal constructions spread over 3200 sq ft were demolished in the drive. The premises inside and front margins were occupied without taking any permission from the civic body. The Kalas area had illegal construction spread over 2000 sq ft, while Dhanori had 1200 sq ft of illegal constructions. Since the start of this month the civic administration had taken action against encroachments in Bavdhan, Dhankawadi, […]

PUNE: Across the city, the rush to pay the annual property tax in advance and avail the discount has swelled the Pune Municipal Corporation coffers. Over 4.50 lakh property owners, who paid the tax before May 31 and availed of the 10% discount, helped the civic body collect Rs 400 crore in two months. “More than 50% of property owners paid the tax in the first two months of the new financial year. The good response to the scheme is due to the awareness programmes the administration undertook. The efforts to provide bills at the doorstep of residents helped boost collection. A maximum number of bills were sent to the […]

NEW DELHI: Low-cost housing, which found several mentions in BJP’s 2014 election manifesto, is likely to get infrastructure status, making it easier for real-estate developers to get finance from banks and for longer tenures, and eventually increasing the supply of houses. While developers are in favour of an infrastructure tag to the housing sector as a whole, the government is likely to grant it only to the low-cost segment, said a senior government official, who did not wish to be named. According to government definition, low-cost houses are those with an area of up to 40 sq metres. BJP’s manifesto talks about rolling out a massive low-cost housing programme to […]

Mumbai: Brookfield Asset Management Inc., a Canadian asset management company that manages investments worth $181 billion, is set to acquire all of Unitech Corporate Parks Plc (UCP), a London Stock Exchange-listed, India-focused real estate investment firm, paying `3,000 crore. A definitive agreement to this end is likely to be signed this week in London, said four persons directly involved in the deal. None of them wanted to be named. “We do not comment on market speculation,” said Brookfield Asset Management in an email response. Routhu Nagaraju, executive vice-President at Unitech Ltd, said, “UCP has announced that it will sell six projects and the process has not seen anything adverse. It […]

Few that have bought or even rented real estate in India would be surprised by a recent survey showing the property market here can be maddeningly murky. Jones Lang LaSalle’s Global Real Estate Transparency Index showed that while things have improved, Indian cities still have to work on transparency. The Chicago-based real-estate consultant said India needs to go further to create more clarity on the rules connected to property purchases and real estate prices. “India still scores among the lowest in the transparency of its transaction process,” the report said. Jones Lang LaSalle looked at just over 100 markets around the world and rated them on a dozen parameters ranging […]

According to a study by India Ratings, lack of credit availability and ongoing economic slowdown in India due to the coronavirus pandemic could lead to the residential sector witnessing weak demand in the fiscal year 2020-21.  Residential demand could remain muted in the next financial year, 2020-21 due to the increasing risks to India’s growth in case the economic impact of coronavirus continues beyond the first quarter.   Moreover, the housing sector faces a liquidity crunch and refinancing challenges due to increasing uncertainty over the availability of credit in the market, coupled with poor demand. This is in the backdrop of the recent meltdown in the financial market and rising risk […]

Meenakshi Sinha,TNN | Jun 3, 2014, 03.41 AM IST NOIDA: The Federation of Noida Residents’ Welfare Associations (FONRWA) on Monday protested the 10.5% hike in residential land prices by the Noida Authority. N P Singh, president of FONRWA, said, “The land in Noida is either sold out or belongs to farmers. So what land does the authority propose to increase the prices of? When they don’t have land to sell or buy, they have no right to increase the rates. It’s just a ploy to make Noida an expensive city for homebuyers and make money at the expense of its residents,” said Singh. According to Singh, the proposed increase will […]

NEW DELHI: Realty firm Logix group plans to raise Rs 250 crore from foreign investors for the development of its ongoing mixed-use commercial project in Noida. The company is developing this commercial project at an investment of Rs 1,000 crore and is looking to raise FDI to complete this project. The 6-acre project ‘Noida City Center’ includes a 7 lakh sq ft shopping mall, 2.5 lakh sq ft office towers, two hotels with combined 400 rooms and 100 service apartments. “Total project cost of this commercial project is Rs 1,000 crore,” Logix group CMD Shakti Nath said. The investments are largely met through internal accruals, he said, adding that the […]

In order to expedite the completion of eight stalled residential projects in Noida and Greater Noida, the National Buildings Construction Corporation Limited (NBCC) would soon issue a tender. The NBCC has plans to float a tender for completing the eight stalled housing projects of Amrapali, which includes over 23,000 residential units in Noida and Greater Noida with a total investment of over Rs 5,000 crore. The decision to issue the tender was made after the directive issued by the Supreme Court (SC) to take over the stalled projects in the region. Last year, the apex court had given the responsibility to State-owned NBCC to complete the delayed projects in NCR at the […]

NEW DELHI: As many as 29 special economic zone developers including Tata Consultancy ServicesBSE -0.20 %, Parsvnath Infra and Navi Mumbai SEZ Pvt Ltd have sought more time from the government for implementing their projects. The inter-ministerial Board of Approval (BoA) chaired by Commerce Secretary S R Rao will consider these requests at its meeting on November 8. Posco-India Pvt Ltd, Unitech Infracon and Lodha Dwellers have also requested additional time for project implementation from the BoA, according to the agenda note of the meeting. The developers have cited reasons like global meltdown and fluctuating market conditions for delay in completion of projects. TCS, which is setting up IT/ITES zone […]

STAMFORD, CT – HARMAN, the award-winning maker of outstanding audio and entertainment solutions, announced today that eight new products have been named CES Innovation Award winners for 2014. The awards were presented by the Consumer Electronics Association (CEA®), producer of the International Consumer Electronics Show (CES), the world’s largest consumer technology tradeshow. Products from HARMAN’s JBL, Harman Kardon, Infinity, AKG, and Aha brands were recognized for outstanding design and engineering in consumer electronics.

CES 2014, LAS VEGAS – HARMAN, the premium global audio and infotainment group (NYSE:HAR) debuted several new products for the mobile aftermarket today at CES, continuing its tradition of leadership for best-in-class car audio.

CES 2014, LAS VEGAS – HARMAN, the premium global audio and infotainment group (NYSE:HAR), today announced at the Consumer Electronics Show (CES) that GRAMMY Award-winning, multi-platinum alternative rock band Linkin Park will be the new brand ambassadors for the Infinity brand. Reflective of a common history of pushing boundaries, challenging convention, and producing cutting-edge sound, the exclusive five-year partnership between Linkin Park and Infinity will go beyond advertising to include collaboration in product design. To mark the new relationship, Linkin Park will help unveil a sneak peek of two all-new Infinity product lines – the Infinity Reference Loudspeakers Series and the brand’s first portable wireless sound system, called Infinity One.

NEW YORK INTERNATIONAL AUTO SHOW – HARMAN, the premium global audio and infotainment group (NYSE:HAR), is making a strong showing at this year’s New York International Auto Show, with a range of leading automakers featuring HARMAN branded audio systems in vehicles debuting at the show. In addition to the new vehicles– which run the gamut from modern sedans to sports cars, minivans and crossover SUVs – HARMAN technology and solutions can be found in automaker booths throughout the show, a reflection of HARMAN’s longstanding auto partnerships and unmatched industry achievements.

CES 2015, LAS VEGAS – HARMAN, the premium global audio, visual, infotainment and enterprise automation group (NYSE:HAR), introduced today at CES 2015 the Infinity® BassLink SM, the latest subwoofer in the BassLink line. The compact under seat subwoofer is designed to reinforce the low-end bass performance in vehicles and put the richness back into the music.

AUTO CHINA 2015, SHANGHAI – HARMAN, the premier audio, infotainment and software services company (NYSE:HAR), continues to make strides in China’s fast-growing auto market with new business wins and market roll-outs of infotainment and audio solutions with regional OEMs.

CES 2016, LAS VEGAS – Today, HARMAN International Industries, Incorporated (NYSE:HAR), the premier connected technologies company for automotive, consumer and enterprise markets, announced the newest version of Infinity® Reference Speakers and...

CES 2016, Las Vegas – Today, HARMAN International Industries, Incorporated (NYSE:HAR), the premier connected technologies company for automotive, consumer and enterprise markets, announced the next generation of the Infinity® Kappa Series Subwoofers. The...

CES 2017, Las Vegas – January 4, 2017 - Today, HARMAN International Industries, Incorporated (NYSE:HAR), the premier connected technologies company for automotive, consumer and enterprise markets, announced the Infinity BassLink DC compact powered ...

From April 4-7, JBL and Toyota joined forces for an epic snow-covered party to remember. 250 music lovers, media, and influencers attended the ‘Sky High’ JBL Snow Party in a spectacular setting in the French Alps. Snow Party guests enjoyed a ...

Shanghai Auto Show 2019 – SHANGHAI – April 16, 2019 – At the Shanghai Auto Show, HARMAN International, a wholly-owned subsidiary of Samsung Electronics Co., Ltd. focused on connected technologies for automotive, consumer and enterprise markets, announced...

The desire to get things ‘my way’ is innately human. From suggested playlists on Spotify to personalized recommendations on Netflix, consumers love it when things are tailored to their own preferences. The concept of personalization isn’t new but the...

Media guests, bloggers and influencers were recently invited to travel through Hungary and Slovakia on the Kia x JBL Sound Tour, an exclusive behind-the-scenes experience of the two brands’ sound-filled partnership. Organized from July 2-4, the Sound...

Each year, Americans collectively spend 70 billion hours behind the wheel. Three out of four Americans listen to audio in the car – and get this – half of all listening time occurs in the car, according to Edison Research Share of Ear 2018.   It is no...

Today’s companies see the importance of design as more consumers demand elegance alongside flawless functionality and exceptional user experience. As a company that has created countless ingenious product designs in different markets all over the ...

CES 2019, LAS VEGAS – JANUARY 7, 2019 – HARMAN Professional Solutions, the global leader in audio, video, lighting and control systems, today announced new AKG DMS100 and DMS300 professional digital wireless systems.

The NAMM Show is the world’s crossroads for music, sound and event technology products, attracting countless famous musicians and audiophiles to get a behind-the-scenes look at the latest cutting-edge solutions impacting the audio industry. From...

For more than 70 years, some of world’s most respected musicians, producers and DJs have used HARMAN’s exceptional audio solutions and products from the studio to the stage. In honor of Make Music Day 2019, we sat down with Aasheesh Paliwal of HARMAN...

Nothing compares to the feeling you experience when you make music – whether you’re picking up an instrument for the first time or laying down your 100th track. As longstanding partners with the Make Music Alliance, HARMAN takes great pride in helping...

From hardware to software and services, HARMAN and Samsung have a long history of embedding innovation across everything they do. One of HARMAN and Samsung’s most recent joint project involved the development of Samsung Galaxy Buds. The savvy, IPX2 ...

HARMAN charmed scores of musicians and audiophiles at the start of the new decade with yet another successful appearance at events like NAMM and CES 2020. From all-star meet and greets to the debut of HARMAN’s Professional Solutions latest and greatest...

CES 2020 – LAS VEGAS, NV – JANUARY 6, 2020 – It’s time to ditch your generic, piercing smartphone alarm. The JBL Horizon 2 Bluetooth clock radio and speaker duo customizes the wake-up experience to help make anyone a morning person. Following the success...

BENGALURU, INDIA –  HARMAN (NYSE:HAR), the premier connected technologies company for automotive, consumer and enterprise markets, today announced that it has launched its global corporate social responsibility initiative, ‘HARMAN Inspired’, in India....

Sustainability is a key component to everything we do at HARMAN. A good example of that is our manufacturing plant, located within Chakan, the industrial area in Pune, India. Inaugurated in 2014 as our first manufacturing plant in India, it has a ...

By Dr. Cristina Bettencourt, Head of HARMAN University   At HARMAN, we owe every degree of our success to our talented and dedicated employees. While we already have extraordinary talent across all of our operations, we never stop trying to improve by...

MUMBAI, INDIA – HARMAN Professional Solutions, the global leader in audio, video, lighting and control systems, including networked AV, today announced popular fusion rock band Swarathma, Rajasthani folk singer Mame Khan and percussionist Darshan Doshi...

Las Vegas, Nev. — HARMAN International, a wholly-owned subsidiary of Samsung Electronics Co., Ltd. focused on connected technologies for automotive, consumer and enterprise markets, is introducing the JBL L82 Classic, a modern bookshelf version of the...

NORTHRIDGE, Calif.—HARMAN Professional Solutions, the global leader in audio, video, lighting and control systems, including networked AV, today announced new JBL IRX Series portable PA loudspeakers at the 2020 NAMM show in Anaheim, California. At NAMM,...

NORTHRIDGE, Calif.—HARMAN Professional Solutions, the global leader in audio, video, lighting and control systems, today announced the new JBL EON ONE Compact portable PA system will be making its 2020 tradeshow season debut at the 2020 NAMM show in...

NORTHRIDGE, Calif.—HARMAN Professional Solutions, the global leader in audio, video, lighting and control systems, today announced new JBL Professional One Series 104-BT and 104-BTW desktop reference monitors with Bluetooth will be making their debut at...

NORTHRIDGE, Calif.—HARMAN Professional Solutions, the global leader in audio, video, lighting and control systems, today announced the new AKG Podcaster Essentials bundle at the 2020 NAMM show in Anaheim, California and the 2020 CES shows in Las Vegas,...

NORTHRIDGE, Calif.—HARMAN Professional Solutions, the global leader in audio, video, lighting and control systems, today announced the AKG Lyra ultra-HD, multi-mode USB microphone will be making its 2020 tradeshow season debut at the 2020 NAMM show in...

NORTHRIDGE, Calif.—HARMAN Professional Solutions, the global leader in audio, video, lighting and control systems, today announced new AKG K361-BT and K371-BT professional studio headphones featuring Bluetooth connectivity at the 2020 NAMM show in...