The Lodha Group, a Mumbai-based realty player, has decided to enter the Hyderabad market with an estimated investment plan worth Rs 800-crore.

The company plans to build a project christened ‘by Invitation’ to focus on the ‘luxury’ market segment, which would be its first major initiative for the group outside Maharashtra.

Emami Ltd, one of the fastest growing FMCG Company in India, is presently in the process of exiting from the real estate business by selling 100% stake of its wholly-owned subsidiary, Emami Realty Ltd. 

A top company official stated that Emami is currently in talks with other parties for selling the stake of the company in the realty firm. 

According to them, it could be one of the various group companies of Emami to buy out the stake, or any other entity outside the group. 

Unitech, country's second largest real estate firm has informed that it has decided to divest 26% to 45% stake in its telecom venture to a strategic partner, within a month.

Presently, the company is scouting for a strategic partner who can help it, to build the telecom business.

Unitech is among the few companies, which had recently bagged telecom licences along with Swan, Datacom and Shyam Telelink. The company has secured licences for 22 circles and spectrum in 13 circles.

Hurt by the recession fears, Parsvnath Developers, one of the leading real estate company has revealed that it would sack under-performing employees as part of its cost cutting measures that would begin in the next 15-20 days. 

The company however, did not specify the number of people who will be retrenched. The company currently employs 1,400 people and about 30,000 people are indirectly employed.

Pune-headquartered DS Kulkarni Developers has notified that the board of directors of the company at its meeting has decided to pick 51% stake in DSK Global Education & Research.

With the acquisition of shares, DSK Global Education & Research will become a subsidiary of the company.

D.S. Kulkarni Developers Limited engages in the civil construction and real estate development primarily in India. It operates principally in Pune and Mumbai cities of Maharashtra state.