The company said last quarter it had $4.4 billion in cash and cash commitments as of end of 2019. The We Company, owner of WeWork, said on Thursday that for the first time quarterly revenue surpassed $1 billion and cash burn improved 60% sequentially, but the money-losing shared office operator did not mention profitability in an…

In order to provide relief to the real estate industry, the government on Wednesday (May 13) extended the deadline for registration and completion of projects for six months. This comes as a relief to developers who are struggling due to the COVID-19 pandemic. Finance Minister Nirmala Sitharaman said: “The Urban Development Ministry will advise the…

[ad_1] File photo MUMBAI: The city’s housing crisis, with over half its 12 million-plus people packed into cramped tenements and slums, was best exemplified recently when a Covid-19 positive woman requested authorities not to discharge her from the NSCI quarantine centre. The Worli BDD chawl resident feared going back to her 180 sq ft house…

The Board of Mahindra Lifespace Developers Ltd. in its meeting on May 14, 2020 approved the appointment of Mr Arvind Subramanian as Managing Director & Chief Executive Officer of the company with effect from July 1, 2020.  He will succeed Ms. Sangeeta Prasad who, after a distinguished career of over eleven years with the Mahindra…