The FINANCIAL -- Three new apartment buildings are scheduled for construction by real estate company m2, the wholly-owned subsidiary of Bank of Georgia . “The average price per square metre for existing projects varies from USD 1,100 to USD 1,200, however, we plan to reduce prices for the new projects,” Irakli Burdiladze, Deputy CEO, Affordable Housing, told The FINANCIAL.

The FINANCIAL -- Tata Housing, India’s real estate development company, has signed a MoU with the National Safety Council of India (NSC) to create awareness and promote the cause of environment, health and safety (EHS) in the Indian real estate industry, according to Tata Sons.

The FINANCIAL -- Development company Axis is ready to meet 80 percent of its obligations this year. The company has overcome the post-crisis slump, has found financial investors and is ready to finish all existing projects and start new ones already in 2013.

The FINANCIAL -- Harpa, the Reykjavik Concert Hall and Conference Centre in Iceland, is the winner of the 2013 European Union Prize for Contemporary Architecture - Mies van der Rohe Award, the European Commission and the Fundació Mies van der Rohe announced.

The FINANCIAL -- La Forge de Style, which was founded in the USA, specialises in upmarket metalwork for the construction of railings, stairs, doors and gates, as well as high-quality furniture.