Page 17 - Banking Finance December 2018
P. 17

U  N

                                                  appoints Rohit  apoor as     of ne  rea  estate
               ire tors of rea  estate
                                                siness
            fir  arreste  for  heatin
                                                  has appointed Ma   ea thcare   ec ti e  irector Rohit  apoor as the chief
             hree directors of a rea  estate fir
                                                                e ec ti e officer       of its ne  rea  estate   sinesses
                                 ere    ar
                                                                effecti e  ece  er  .  apoor  i    e entr sted  ith the
                                rested for a
                                                                responsi i it  to dri e ne  rea  estate   siness opport ni
                                 e ed    di
                                                                ties  hich  i   inc  de e p orin  ne  do ains and cate o
                                 ertin   Rs
                                                                ries and other strate ic initiati es      said
                                    crore in
                                 ested                           e  i   a so  e responsi  e for  ro in      s   siness in
            ho es    ers into its other pro ects                 ndia as  e   as across internationa   ar ets  thro  h stra
            and not de i erin  ho ses  an officia   te ic partnerships and in est ent opport nities  it added.  apoor  i    e re
            said on  ece  er  .   he   ere ar   portin  to      ote s    o es  o nder    ro p     Ritesh   ar a   the
            rested    the    the  e hi  o ice s  state ent said.
             cono ic  ffences  in       .
                                                e recent   anno nced o r fora  into  on  ter  renta s   ith the  a nch of
             acienda  ro ects   t  td directors       i in    hich  ar s a  e   i estone as  e e  ar  on o r  o rne  to ards
              rpreet  in h   ri   id r Bhard a    eco in   ndia s  i  est pro ider of ho sin   conso idatin  o r position as a
            and  ir a   in h ha e  een  oo ed  cate or  inno ator and  eader     ar a  said.
            for cheatin   cri ina  conspirac  and
                                               hi e the co pan  contin es to  ro  its hospita it    siness  ne  rea  estate
            cri ina   reach of tr st.  he  ha e
                                              initiati es  s ch as this   i   p a  a  e  ro e in dri in  the ne t  a e of  ro th at
             een arrested  po ice said. Based on
                                                   he added.   ith Rohit   apoor  ta in  on this  ant e   e are confident
            a co p aint  a case has  een re is
                                              that he  i    e a  e to he p      ote s    o es set ne   ench ar s in the
            tered a ainst the acc sed persons for
                                              acco  odation   siness and e a  ate ne  opport nities in the rea  estate in
            not de i erin  the f ats in a ho sin
                                              d str      ar a  said.
            pro ect na ed  ot s     in  oida
              7  a senior po ice officer said.
                                               e an  for  areho ses rises
             o p ainants in the case had a  e ed
                                               ith the  o ntr  s residentia   ar et in the do dr  s   o istics assets are at
            that the pro ect that  as to  e de
                                              tractin    o a  p a ers s ch as Broo fie d  sset
             e oped     acienda  ro ects  the
                                              Mana e ent  nc.   anada  ension   an  n est
            officia  said.  he pro ect  as s p
                                               ent Board and  ar  r   inc s    .    ndia s  o
            posed  to   e  de i ered   ithin
                                               istics sector is co in  of a e   said R sha h
             onths fro  the date of a  ot ent
                                               esai   sia  acific chief e ec ti e officer at    ian
             etter.  o e er   the  ho ses   ere
                                              Rea   state.  he fir  recent   partnered  ith   R
            not de i ered  the senior officer said.
                                               ro p for an initia   22   i  ion in est ent tar
             o ice said the fir  had a  e ed   rep    etin   o istics properties in cities inc  din  M   ai  Ban a ore and   dera ad
            resented  and   arranted  that  the   ith a  oa  of  ro in  to     i  ion in assets.
            pro ect   i    on    ha e      apart
                                               he introd ction  ast  ear of a  nifor  nationa   oods and ser ices ta   rep ac
             ents    t on a  ater date  ot p an
                                              in  a p ethora of state and federa   e ies  has he ped  nif   ndia s 2  states into
            chan es fro  the  oida a thorit
                                              a sin  e  ar et.  hat s  ro  ht a str ct ra  shift to the  o istics sector as s a
             ith  a a fide intentions.
                                              fra  ented net or s are conso idated into  ar e distri  tion chains  ith cen
             he n   er of apart ent  as in    tra i ed h  s.  he rise of e co  erce  iants   a on  nc. and   ip art  n ine
            creased  fro        to       in  this   er ices   t. has a so sto ed the need for sea  ess   ast  i e de i er  of  oods
            pro ect  hich is a  io ation of the  in cities and the co ntr  s re ote to ns and  i  a es.
            ter s of the  ttar  radesh  part
                                               he e p osi e  ro th in on ine shoppin  is e pected to  i e a f rther  oost.  he
             ent   ro otion of  onstr ction
                                                   i  ion e co  erce  ar et is pro ected to  ro  2  percent a  ear for the
              nership  and  Maintenance   ct
                                              ne t fi e  ears and e ceed       i  ion    2 22  accordin  to a report    tech
            2      the senior po ice officer said.
                                              ind str   od   assco  and  rice aterho se oopers.
             B            CE |                                                            DECEMBER | 201  | 1
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