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Hyderabad Urban Development Authority to sell 164 acres of land in Budvel |
2008-01-15 10:36:00
Hyderabad, January 15, 2007 - The Hyderabad Urban Development Authority is to develop land parcels around the Outer Ring Road (ORR) Project. HUDA now proposes to develop 164 acres of land on Mixed Use Basis at Budvel, Ranga Reddy District, Hyderabad. Reserve Price is fixed as Rs. 4.00 Cores per acre.
More About: Hyderabad , Land

Hirandani Palace Gardens in Chennai sees strong sales | INRnews
2008-01-15 10:00:00
London, UK, January 15, 2008 - Hirco PLC (AIM: HRCO), the investment vehicle for Hiranandani, India’s largest developer of prestigious mixed-use townships, today announced that sales of residential units in Phase 1 of its Chennai township development, Hiranandani Palace Gardens , continue to be strong both in terms of volume of residential units sold and the level of pricing achieved.
More About: Companies , Sales

Home loan interest rates to come down | INRnews
2008-01-14 10:43:00
Mumbai, India, January 14, 2008 - Leading bankers are suggesting that interest rates on home loans are likely to come down this year. This should be welcome news indeed to millions of borrowers who have seen interest rates go up significantly in the last two years.
More About: Interest Rates , Home , Loan , Interest , Rates

Haryana Urban Development Authority HUDA to build 20,660 flats for poor | I
2008-01-14 10:40:00
Chandigarh, India, January 14, 2008 - The Haryana Urban Development Authority (HUDA) is to construct 20,660 flats for the economically-weaker sections of society in the districts of Faridabad, Gurgaon, Bahadurgarh, Rewari, Rohtak, Kaithal, Ambala, Hisar, Jind and Sirsa. Over 2,000 units are already under construction in Panchkula.
More About: Flats

Subhiksha to set-up mobile retail stores in Andhra Pradesh | INRnews
2008-01-14 10:18:00
Hyderabad, India, January 14, 2008 - Supermarket chain Subhiksha is to set up stores to retail mobile products such as handsets, connections and accessories in Andhra Pradesh.
More About: Mobile , Retail , Stores , Andhra Pradesh

Ansal Housing to raise over Rs 70 crore | INRnews
2008-01-14 09:52:00
Mumbai, India, January 14, 2008 - Ansa l Housing & Construction Ltd has announced that the shareholders at the Extra Ordinary General Meeting (EGM) of the Company held on January 12, 2008, inter alia, have approved the following:
More About: Companies

Kolte-Patil Developers launches serviced apartments in Hinjewadi, Pune | IN
2008-01-14 09:34:00
Pune, India, January 14, 2008 - Kolte-Patil Developers Limited, one of the leading real estate developers in India, have launched ‘Green Olive’ project, a four star serviced apartments project, at Rajiv Gandhi IT park, Hinjewadi, Pune with a total investment of 74 cr.
More About: Apartments , Pune

Tamil Nadu levies infrastructure charges on builders | INRnews
2008-01-13 10:41:00
Chennai, India, January 13, 2008 - In a move likely to be welcomed by those concerned with unplanned growth and poor infrastructure, the Tamil Nadu Government has decided to charge builders an infrastructure and amenities charge of between Rs 200 - 1,000 per sq.m excluding non-FSI and parking areas.
More About: Infrastructure , Builders , Levies

Two new SEZs proposed in Punjab | INRnews
2008-01-13 10:38:00
Chandigarh, January 13, 2008 - Real Estate Developers Ansal Properties & Infrastructure (API) and Ishan Developers & Infrastructure (IDI) have proposed two new SEZs in Punjab with an investment of Rs 2,367 crore.

Reliance Retail launches footwear store - Reliance Footprint | INRnews
2008-01-12 10:35:00
New Delhi, India, January 12, 2008 - Reliance Retail Ltd. launched the 3rd outlet of its speciality store “Reliance Footprint” at Star City Mall, Mayur Vihar, New Delhi after the successful launch of 9 formats, supermarket format “Relaince Fresh”, hypermarket format “Relaince Mart”, Minimart format “Reliance Super” and 5 speciality stores Reliance Digital, Reliance Trendz, Reliance Wellness, Reliance Footprint, Reliance Jewels and Reliance Time-Out.
More About: Footwear , Store

NATCON 2008 emphasises need for affordable housing | INRnews
2008-01-12 09:39:00
New Delhi, India , January 12, 2008 - Shri Kamal Nath, Hon’ble Minister of Commerce & Industry and Kumari Selja - Hon’ble Minister of State, (IC), Housing and Poverty Alleviation today emphasized the need for affordable housing, while addressing Natcon 2008, CREDAI’s 7th National real estate convention. The first day of this three-day convention at Hotel Ashok, New Delhi, saw participation of more than 800 delegates from Government, Real Estate and Housing Finance Institutions. Panel discussions and debates were primarily focused on Policies & Regulatory Environment, Real Estate Indices and Developer Rating. The convention is being actively supported by the Ministry of Urban Development Government of India & Ministry of Housing and Urban Poverty Alleviation Government of India.
More About: Affordable housing

Mercantile Bank Building in Vashi sold to Shah Group | INRnews
2008-01-11 10:32:00
Mumbai, India, January 11, 2008 - The Mercantile Bank building in Vashi has been sold to the Shah Group .
More About: Building , Navi Mumbai , Sold

AIG launches AIG Infrastructure & Economic Reform Fund | INRnews
2008-01-11 09:42:00
Mumbai, India, January 11, 2008 - AIG Investments today announced the launch of the AIG Infrastructure and Economic Reform Fund , an open-ended equity scheme. The fund will invest in companies that may benefit from potential investments in infrastructure and unfolding economic reforms without having any bias towards any sector or market capitalization range.

EOU/SEZ sector accelerates economic growth: Minister | INRnews
2008-01-10 10:27:00
New Delhi, India, January 10, 2008 - Shri Kamal Nath, Minister for Commerce and Industry, has stated that the EOU/SEZ Sector is playing a very important role in encouraging manufacturing activity, providing substantial employment opportunities, thereby accelerating the pace of economic growth. The units set up under these schemes are already providing direct employment to over 6.5 lakh people. He was speaking at the Export Awards function, organised by the Export Promotion Council for EOUs and SEZ Units (EPCES), here last evening. Shri R. Gopalan, Additional Secretary, Department of Commerce; Shri R.S. Gujral, Director General of Foreign Trade (DGFT); Shri T. Vasu, Chairman, EPCES and Shri L.B. Singhal, Director General of EPCES, apart from Development Commissioners of various EPZs and SEZs were present on the occasion.
More About: Growth , Economic , Accelerate

Paranjpe Schemes launches residential project in Sopan Baug, Pune | INRnews
2008-01-10 10:26:00
Pune, India, January 10, 2008 - Pune based developer Paranjpe Schemes Construction Ltd has launched a new apartment project "La Cresta" in Sopan Baug, Pune.
More About: Residential , Project , Pune

Parsvnath Developers to set up Pharma SEZ in Nanded, Maharashtra | INRnews
2008-01-03 13:47:00
New Delhi, India, January 03, 2007 Parsvnath Developers Ltd has announced that in pursuance to development of SEZs, Parsvnath SEZ Ltd (PSL), a subsidiary of the Company, will develop a Pharma ceutical Special Economic Zone (SEZ) at Nand ed in Maharashtra . The Company has received LoI from Maharashtra Industrial Development Corporation (MIDC), a Maharashtra Govt. Undertaking for development of Pharma SEZ project in krushnoor Industrial Area of Nanded which is in close proximity to the SH-6 connecting Nanded and Secunderabad.
More About: Arma

Godrej looking to develop factory land | INRnews
2008-01-03 12:39:00
Mumbai, India, January 03, 2007 - The Godrej Group, a leading industrial group in India, is looking at real estate development of some of its factory properties.
More About: Factory , Mumbai , Land , Develop

Real Estate Destinations 2008 - The show goes on | INRnews
2008-01-03 11:05:00
Mumbai, India , January 03, 2008 - Anuj Puri, Chairman & Country Head, Jones Lang Lasalle Meghraj, looks at the year 2008 for Indian real estate.
More About: Estate , Real Estate , Show , Real

Parsvnath Developers receives LoI for IT Park in Gurgaon | INRnews
2008-01-02 11:37:00
Gurgaon, India, January 02, 2008 - Parsvnath Developers Ltd has announced that the Company has received LoI from Director Town and country planning, Haryana to develop an IT Park project on Main Gurgaon Sohna Road just 3 kms away from Rajiv Chowk in Gurgaon. The approximate realization from the project is expected to be Rs 650 crore within 2 financial years.
More About: Gurgaon

IRB Infra gets SEBI go ahead, IPO by 3rd week | INRnews
2008-01-02 11:03:00
Hyderabad, India, January 02, 2008 - Mumbai-based IRB Infrastructure Developers Limited, an infrastructure development and construction company in India with significant experience in the roads and highways sector, has received SEBI observations for its public issue of 51,057,666 Equity shares of Rs 10 each through 100% book building process.
More About: Investment , Week , Ahead

Ramky Infrastructure Limited files DRHP with the SEBI | INRnews
2008-01-02 11:02:00
Mumbai, India, January 02, 2008 - Ramky Infrastructure Limited (the “Company”), an integrated construction, infrastructure development and management company in India with a strategic emphasis on environmental oriented projects, has filed its Draft Red Herring Prospectus (“DRHP”) with the Securities & Exchange Board of India (“SEBI”) to enter the capital market soon with an Initial Public Offering (“IPO”) of equity shares of Rs 10 each for cash at a price (“Equity Shares”) to be decided through a 100% book-building process and aggregating to Rs 4,000 million.
More About: Investment , Files

BOA grants 24 formal and 4 in-principle SEZ approvals | INRnews
2008-01-02 10:44:00
New Delhi, India, January 02, 2008 - The Board of Approval of the Special Economic Zones (SEZs) met on 2nd January 2008 to consider proposals for setting up of Special Economic Zones and also approve other miscellaneous requests pertaining to SEZs.
More About: Grants , Formal

Unmoved by high Iinterest rates, realty sector remained bullish on the prim
2008-01-01 11:32:00
New Delhi, India , January 01, 2008 - The real estate companies remained robust in 2007, despite worries of high interest rates, as is evident by an overwhelming 42.7 per cent of the total primary market funds going to the sector in the year, an ASSOCHAM Eco Pulse Study (AEP) has said.
More About: High , Bullish , Rates , Realty

Indian Real Estate Roundup - 2007 | INRnews
2008-01-01 11:16:00
Mumbai, India , January 01, 2008 - Anuj Puri, Chairman & Country Head, Jones Lang Lasalle Meghraj, looks back on the year 2007 in Indian real estate.
More About: Estate , Real Estate , Roundup

In 2008, Retail, Real Estate Poised for 35% & 45% Growth | INRnews
2007-12-31 11:35:00
New Delhi, India , December 31, 2007 - Retail and real estate boom will further roll down in 2008 as these two key sectors are well poised to notch a year-on-year growth of 30-35% and between 40-45% respectively over the calendar year 2007, according to projections made by The Associated Chambers of Commerce and Industry of India (ASSOCHAM).
More About: Estate , Real Estate , Growth

Global developers respond to RFQ development of world-class railway station
2007-12-31 10:58:00
New Delhi, India, December 31, 2007 - The process for prequalification of bidders for the development of 22 railway stations as world class stations has been initiated. A global advertisement in this regard has already been issued by the Ministry of Railways. The Request for Qualification (RFQ) document is now available on the Ministry of Railway’s website http://indianrailways.gov.in. A calendar for bringing the process to the climax of appointing the concessionaire is also available in the RFQ document. Word class developers have already shown interest and good competition is expected. Ministry of Railways has decided to develop 22 railway stations, located in metropolitan cities and major tourist centres, as world class stations through Public Private Partnership (PPP) route be leveraging a part of the real-estate development potential. Required consultancies are being carried out for architectural, technical, financial and legal activities. Needed coordination with local b...
More About: World , Development , Infrastructure , Global , Station

Unity Infraprojects wins mall project in Kurla, Mumbai | INRnews
2007-12-28 12:54:00
Mumbai, India, December 28, 2007 - Unity Infraprojects Ltd has announced that the Company has received the Letter of Intent from Offbeat Developers Pvt Ltd, Mumbai for Civil Construction Work for construction of Mall named Market City, at Kurla, Mumbai. The Contract Value of the Project is Rs 57.41 crores (Rupees Fifty Seven Crores and Forty One Lakhs Only) excluding the cost of concrete and it is to be completed within 15 months.
More About: Mumbai

Parsvnath Developers completes Phase II of Parsvnath Prestige Housing proje
2007-12-28 12:40:00
Noida, India , December 28, 2007 - Parsvnath Developers Ltd has announced that the Company has obtained the completion and occupancy certificate from NOIDA Authority for its Group Housing project at Noida, Parsvnath Prestige for the second phase, after successfully receiving the completion and occupancy certificate for 1st Phase .

Parryware Bags India's largest order with Prestige Group | INRnews
2007-12-28 11:28:00
Chennai, India, December 28, 2007 - Parryware Roca Private Limited, the No. 1 bathroom solutions provider in India along with Prestige Group , Bangalore’s leading real estate developer have reaffirmed their commitment in transforming Bangalore skylines by providing contemporary bathrooms in all the upcoming projects of Prestige Group across the city. Parryware has signed a deal worth Rs 15 crores with the Prestige Group. Over 15,000 bathrooms in the Prestige Group landmark projects like Shantiniketan, Wellington Park and Kensington Gardens will have Parryware products.
More About: Bags , Order , Largest

BSEL issues US$35 million worth of GDRs | INRnews
2007-12-28 11:26:00
Hyderabad, India, December 28, 2007 - BSEL Infrastructure Realty Limited has completed an issue of 2,147,202 GDRs raising amount of US$35 million. The GDRs will be listed on the Luxembourg Stock Exchange today. The underwriter for the transaction was Rodman & Renshaw, LLC, a subsidiary of Rodman & Renshaw Capital Group, Inc and Fortress Financial Services Ltd.
More About: Issues , Worth , Million , Wort