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RIL's subsidiary Model Economic Township Ltd on Saturday launched a 100-acre project in its large integrated township 'Reliance MET City' at Jhajjar, Haryana. Reliance Industries group has acquired 8,250-acre land to develop 'Reliance MET City'. Already more than 650 companies from 11 countries, including Japan, have set up industries in the integrated smart city. In a statement, the company announced the launch of 'Metropolis by MET City', mixed-use development comprising residential and industrial plots. This new project is spread across 140 acre. In the first phase, the company has launched 100 acre for sale. The residential component offers plots in sizes ranging from 112 square yards to 179 square yards. Model Economic Township Limited did not disclose investment on development of this new project as well as the revenue potential. Shrivallabh Goyal, CEO & Whole Time Director of the company, said, "Metropolis is an important step forward in our vision for Reliance MET City.
Oberoi Realty has emerged as the highest bidder for an 11-acre land in Mumbai with a bid value of Rs 5,400 crore. In a regulatory filing, the company said it had participated in the bids invited by Railway Land Development Authority (RLDA) for the grant of a lease for the development of 45,371 sq metre (about 11 acres) of railway land in Bandra East for 99 years, with Floor Space Index (FSI) potential of 19.50 lakh sq ft. The financial bids were opened by RLDA on Wednesday. "The company's bid at Rs 5,400 crore has emerged as the highest," it said. Oberoi Realty said the communication from RLDA with respect to the next steps in the process is awaited. Last month, the company reported a marginal increase in consolidated net profit to Rs 622.64 crore for the quarter ended December 31, 2025. Its net profit stood at Rs 618.38 crore in the year-ago period. Total income rose to Rs 1,561.74 crore in the third quarter of this fiscal, from Rs 1,460.27 crore in the corresponding period of
Realty firm Signature Global has posted a consolidated net loss of Rs 45.33 crore in the quarter ended December on lower income. The company had posted a net profit of Rs 29.13 crore in the year-ago period. Total income fell to Rs 312.76 crore during October-December period of this fiscal from Rs 862.14 crore in the corresponding period of the preceding year, according to a regulatory filing on Tuesday. Pradeep Aggarwal, Founder and Chairman of Signature Global (India) Ltd, said the company has continued to deliver steady performance during the first nine months of this fiscal. "While the real estate market has witnessed some softness, the current environment clearly favours developers with a proven track record of delivering quality homes and truly consumer-centric offerings. Our recently launched wellness-centric project, Sarvam at DXP Estate, has received robust demand, reflecting evolving buyer preferences towards thoughtfully designed, health-focused living spaces," he ...