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Kamal Nath stresses public-private partnership for healthcare infrastructur
2007-11-14 02:22:00
New Delhi, India, November 14, 2007 - Shri Kamal Nath, Union Minister of Commerce & Industry, has stressed on developing new infrastructure for the healthcare sector in view of the tremendous opportunities that are available for public-private partnership. Speaking at the 4th India Heal th Summit “Healthcare Engagement: Strategies and partnerships” here today, the Minister said: “Large windows of opportunities are opening up. To give just one example, Indian medical tourism was estimated at $350 million in 2006 and this has the potential to grow into a $2 billion industry by 2012”.
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New supply to stabilise residential prices in Mumbai | INRnews
2007-11-13 04:06:00
Mumbai, India, Novemer 13, 207 - With new supply of residential real estate space in Mumbai, development of new areas like Navi Mumbai, and redevelopment projects such as the Dharavi redevelopment in the pipeline, the outlook is for stable prices in the Mumbai market.
More About: Residential , Mumbai , Resident , Prices

IT SMEs seek tax benefits on office space rentals | INRnews
2007-11-13 02:56:00
Chennai, India, November 13, 2007 - The government needs to set up IT parks for small and medium enterprises (SMEs) with nominal occupation charges and permit co-ownership of space at special economic zones (SEZs).  This was stated by Mr Raghunathan, President, IT-SME Association at a pre-budget discussion hosted by FICCI.
More About: Space , Office , Office Space , Rentals , Benefits

National Buildings Construction Corporation turnover Rs 1514 crore in 2006-
2007-11-13 02:30:00
New Delhi, India, November 13, 2007 - The National Buildings Construction Corporation Ltd (NBCC) has grown to become the big Public Sector Company having a recorded turnover of Rs. 1514 crore for the financial year 2006-07. This was stated by Shri S.Jaipal Reddy, Urban Development Minister at a meeting of the Parliamentary Consultative Committee attached to his Ministry here today. The subject of discussion was NBCC. Shri Reddy said that while improving its performance consistently, NBCC has paid back maiden dividend to the Government. NBCC has also been awarded: The top ten PSU Award for 2004-05 and 2005-06 and the best turn around company Award by the Prime Minister of India.

Latest developments and policy initiatives in Civil Aviation in India | INR
2007-11-13 02:25:00
New Delhi, India , November 13, 2007 - This article summarises the latest developments and policy initiatives in Civil Aviation in India including policies and plans on new airports.
More About: Infrastructure , Policy

Mumbai office space rentals rise in submarkets | INRnews
2007-11-13 02:01:00
Mumbai, India, November 13, 2007 - Rentals for office space in submarkets of Mumbai such as Worlid, Prabhadevi, Goregaon and Navi Mumbai jumped by 10%-20% in Q3 2007. As compared to this, rental and capital values in the CBD remained stable.
More About: Space , Office , Mumbai , Office Space

Ansal Housing launches Ansal Town in Rewari, Haryana | INRnews
2007-11-12 04:58:00
Rewari, India, November 12, 2007 - Ansa l Housing & Construction a leading real estate developer is coming to Rewari, Haryana , with its latest offering Ansal Town .  Ansal Town, Rewari is designed to be a self- sufficient, scenic township, built to international standards.

Bangalore residential real estate market to see more balanced growth | INRn
2007-11-12 04:12:00
Bangalore, India, November 12, 2007 - With the release of much awaited CDP / Master Plan 2015, Bangalore city is expected to witness a more balanced growth in terms of residential developments, which presently are quite skewed and concentrated towards the southern & northern part of city. The development plan earmarks huge quantum of land under residential use in some of the comparatively un-touched zones of the city. The proposal tries to bridge the gap between future demand and desired supply.
More About: Residential , Estate , Real Estate , Real Estate Market , Market

Chennai residential real estate outlook stable | INRnews
2007-11-12 04:10:00
Chennai, India, November 12, 2007 - The Chennai residential real estate market is expected to be stable over the next quarter according to real estate services firm Colliers International.
More About: Residential , Estate , Real Estate , Outlook , Chennai

Minister approves Rs 32 crore road repair works in Madhya Pradesh | INRnews
2007-11-12 02:32:00
New Delhi, India, November 12, 2007 - The Union Minister of Shipping, Road Transport and Highways, Thiru T.R. Baalu has approved a sum of Rs.32 crore for road improvement projects in the state of Madhya Pradesh . 
More About: Works , Repair

Delhi and NCR residential real estate market sluggish | INRnews
2007-09-23 07:20:00
New Delhi, India, September 23, 2007 - The Delhi and NCR residential real estate market is experiencing a slow-down in purchasing activity. While suburban markets have witnessed a decline in capital values driven by sluggish demand and adequate supply of new units, prime real estate in Central and South West Delhi has witnessed steady purchasing activity.
More About: Residential , Estate , Real Estate , Real Estate Market , Market

RBI?s Monetary Policy Inimical To Real Estate: ASSOCHAM | INRnews
2007-09-23 06:57:00
New Delhi, India, September 23, 2007 - The Reserve Bank of India (RBI) should immediately review its monetary policy to remove its excessive focus on taming inflation only and concentrate to reduce mortgage rate, besides take measures to curtail interest rates to enable wage earners to afford dwelling units.
More About: Estate , Real Estate , Monetary Policy , Policy , Real

Mivtach Shamir to invest $13 million in Chennai real estate | INRnews
2007-09-23 06:54:00
Chennai, India, September 23, 2007 - Mivtach Real Estate , a subsidiary of Israeli investment company Mivtach Shamir, is to invest around $13 million in Chennai real estate.
More About: Real Estate , Chennai , Invest

Bangalore residential real estate market sees slowdown | INRnews
2007-09-23 06:48:00
Bangalore, India, September 23, 2007 - The Bangalore residential real estate market is experiencing a change in market dynamics and an overall slow-down in purchasing activity according to global real estate services firm Cushman & Wakefield. High prices, steep home-loan interest rates and anticipation of a price correction have resulted in only a marginal price escalation in the past few months accompanied by a 15%-25% drop in primary sales across micromarkets of Bangalore.
More About: Residential , Estate , Real Estate , Real Estate Market , Market

150 acres of mill land sold in Kolkata | INRnews
2007-09-22 17:53:00
Kolkata, India, September 22, 2007 - In a move welcomed by the real estate industry, ailing public sector firm National Textile Corporation (NTC) has sold 150 acres of mill land in Kolkata for residential and commercial real estate redevelopment.
More About: Kolkata , Land , Sold , Acres , Cres

SAIL to develop steel SEZ in Salem, Tamil Nadu | INRnews
2007-09-22 17:49:00
Chennai, India, September 21, 2007 - Steel major SAIL has signed a Memorandum of Understanding (MoU) with IL&FS Infrastructure Development Corporation (IIDC) to form a special purpose vehicle (SPV) to develop, operate and maintain a special economic zone (SEZ) dedicated to the steel sector.on 250 acres near SAIL’s Salem , Tamil Nadu plant.
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Shriram Properties to develop $1.25 Billion township in Kolkata | INRnews
2007-09-22 17:43:00
Kolkata, India, September 22, 2007 - Shriram Prop erties , a leading South India  based real estate developer, has announced that it has partnered with funds sponsored by Walton Street Capital and Starwood Capital Group to develop a Rs. 5,000 crore (USD 1.25 billion) integrated township in Kolkata, India.
More About: Kolkata , Develop , Towns

Lavasa Corporation and Apollo Hospitals to Develop World-Class Healthcare C
2007-09-21 18:02:00
Pune, India, September 21, 2007 - Lavasa Corporation Ltd. today signed an agreement with the Apollo Hospitals Group, a world-class healthcare organization that manages over 42 hospitals in India and abroad, to set up an integrated Healthcare and Wellness destination at the Lavasa Hill town near Pune. The services will be spread over 200 acres of land. Initially, the plan is to establish a multi specialty hospital with a capacity of 50 beds which will be ready by 2009. Eventually the services shall extend to wellness services, rejuvenation, long-term care, research and development and others.
More About: World , Pune

ITC to set up Fortune Lodges rural hotels in India | INRnews
2007-09-21 18:01:00
Mumbai, India , September 22, 2007 - Hotels major ITC sees an opportunity to provide safe, hygienic and comfortable accommodation in rural areas of the country and plans to set up 15 three-star hotels within the next three years.
More About: Fortune , Hospitality Industry , Rural

RE Capital India to invest in hospitality sector | INRnews
2007-09-21 17:57:00
New Delhi, India , September 21, 2007 - RE Capital India an investment management and advisory institution is to invest in hospitality ventures such as resorts and timeshare.
More About: Hospitality , Invest , Hospitality Industry

Sahil Resorts and Spa in Rs 1,000 crore expansion | INRnews
2007-09-21 17:56:00
Mumbai, India, September 21, 2007 - Sahil Resorts and Spa plans to invest Rs 1,000 crore for expansion over the next three years.  The company plans to open four new properties in Pune, Navi Mumbai, New Delhi and Goa according to Vinay Phadnis, chairman and managing director, Sahil Resorts and Spa.
More About: Hospitality Industry , Expansion

Peninsula Land to raise funds through equity issue | INRnews
2007-09-21 13:15:00
Mumbai, India, September 21, 2007 - Peninsula Land , the real estate arm of the Ashok Piramal group, is to raise funds via fresh issue of shares.
More About: Investment , Funds , Equity

Orissa govt approves new satellite city between Sambalpur and Jharsuguda |
2007-09-20 18:18:00
Sambalpur, Orissa , September 21, 2007 - The Orissa government has approved the setting up of a model satellite city between Sambalpur and Jharsuguda to meet the needs driven by rapid industrialisation of the area.
More About: Satellite , City , Ween , Govt

Andhra Pradesh Housing Board earns Rs. 5.2 crore through land auctions | IN
2007-09-20 18:13:00
Hyderabad, India, September 21, 2007 - The Andhra Pradesh Housing Board (APHB) has earned Rs 5.2 crore from the auction of eleven plots in Chintal, Bharatnagar in Sanathnagar and in Gachibowli.
More About: Hyderabad , Land

Developers promote walk-to-work in Hinjewadi, Pune | INRnews
2007-09-20 18:10:00
Pune, India, September 21, 2007 - Hinjewadi, the fast developing IT-hub of Pune, is to get commercial-cum-residential developments that promote the walk-to-work concept.
More About: Promote , Work , Pune , Developers , Walk

Pimpri Chinchwad residents residents to get new link road | INRnews
2007-09-20 18:08:00
Pune, India, September 21, 2007 - The Maharashtra State Road Development Corporation (MSRDC) is to build a bridge on Pavana river at Ravet linking the Pimpri-Chinchwad township and the Pune-Mumbai expressway. The bridge will link Ravet to Punawale village in the township.
More About: Link , Pune , Resident

Vijayawada non-residential property taxes to increase | INRnews
2007-09-20 17:58:00
Vijayawada, India, September 20, 2007 - Property taxes for non-residential properties in Vijayawada are to increase from October 1 due to a revision in the rental values. This follows a survey conducted in the city, in which it was found that prevailing rental values are far higher than the values fixed in 2001 when the last revision took place.
More About: Residential , Taxes , Vijayawada , Resident

Major Indian cities do not meet air quality standards | INRnews
2007-09-20 11:53:00
New Delhi, India , September 20, 2007 - As per the 2005 Environmental Sustainability Index (ESI) the ranking of India is at 101 position out of 146 countries. The Central Pollution Control Board(CPCB) is executing a nation-wide programme of ambient air quality monitoring known as National Air Quality Monitoring Programme (NAMP). Based on the monitoring of ambient air quality, fifty-one (51) non-attainment cities have been identified in the country in which the  prescribed Respirable Particulate Matter (RSPM) levels, specified under the National Ambient Air Quality Standards (NAAQS), are not met.
More About: Indian , Cities , Meet

Rajasthan road improvement works approved | INRnews
2007-09-20 11:52:00
New Delhi, India, September 20, 2007 - The Union Minister of Shipping, Road Transport and Highways, Thiru T. R. Baalu has approved 21 proposals for road improvement works on various stretches of State roads and four proposals for the construction of high level bridges (HLB) in the State of Rajasthan at a total cost of Rs. 86.81 crore (Rs. 8681.14 lakh).
More About: Works , Improvement , Improv

More rail lines needed for DMIC project development | INRnews
2007-09-20 11:44:00
New Delhi, India, September 20, 2007 - Shri Kamal Nath, Union Minister of Commerce and Industry, has stressed on constructing more rail lines and improving their gauges for the development of industrial nodes being taken up under the Delhi-Mumbai Industrial Corridor (DMIC) Project .   In his communication of 19th September to the Rail way Minister, Shri Kamal Nath has focussed on the crucial need for the development of rail networks especially in Madhya Pradesh where the rail route kilometer length is much less than the neighbouring states.   This is needed to ensure that the DMIC Project gets on stream as per the schedule and benefits reach to the stakeholders.  The Commerce and Industry Minister has identified the following rail works that need to be sanctioned or the work expedited through higher allocation of funds:
More About: Development , Infrastructure , Lines