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Smaller cities to fuel real estate growth says new report | INRnews
2007-09-20 11:41:00
New Delhi, India , September 20, 2007 - As many as 11 tier II cities in the country are all set to transform the realty landscape of India, says a FICCI-Ernst & Young report on the Indian real estate sector. The FICCI-Ernst and Young Indian Real Estate Report, 2007: Growth and New Destinations, the highlights of which were released, reveals that besides eight metros, cities such as Surat, Chandigarh, Nagpur, Vadodara, Visakhapatnam and Jaipur are experiencing initial phase of rapid economic growth.
More About: Real Estate , Fuel , Cities

HCL Info to set up systems integration hub at Nonadanga, Kolkata | INRnews
2007-09-19 11:30:00
Kolkata, India, September 19, 2007 - HCL Info systems Ltd plans to set up a major systems integration hub on 1.5 acres of land in Nonadanga near Kolkata. The project will be implemented in the next 8-12 months.
More About: Integration , Kolkata , Systems , Stem

Bangalore based Golden Gate Properties close to stake sale | INRnews
2007-09-19 11:20:00
Bangalore, India, September 19, 2007 - Bangalore based real estate developer, Golden Gate Properties, is believed to be close to a sale of a 20%-30% stake in the company. Leading financial institutions like ABN Amro, Credit Suisse and Deutsche Bank are reported to be in the race for picking up this stake for an estimated $100 million, according to an article in the Economic Times.
More About: Bangalore , Sale , Close

Chandigarh Housing Board to construct 10,000 houses | INRnews
2007-09-19 11:17:00
Chandigarh, India, September 19, 2007 - The Chandigarh Housing Boad (CHB) is to construct about 10,000 houses for low and middle income groups in the city over the next 2-3 years.
More About: Houses , Chandigarh , Board , Chan

Starwood Capital to set up hotel in Kolkata | INRnews
2007-09-19 11:14:00
Kolkata, India, September 19, 2007 - Starwood Capital , a real estate investment firm, is to tie-up with a local partner to set uo a five-star hotel in central Kolkata at a cost of Rs 250 crore.
More About: Hotel , Kolkata , Hospitality Industry

Indian Logistics Sector pegged at INR 4 trillion faces emerging Skill short
2007-09-19 11:07:00
New Delhi, India, September 19, 2007 - On the world’s economic map, India is the fourth largest economy. Healthy economic growth in India is increasingly supported by robust industrial growth. One of the relatively lesser known but significant sectors that support almost all industrial activity - the logistics sector – is also witnessing this growth as a fallout. However, traditionally logistics sector has not been accorded attention as an independent sector in itself.
More About: Indian , Faces , Industrial , Skill , Short

McNally Bharat allotted 25 acres of land in Asansol for manufacturing facil
2007-09-19 11:06:00
Kolkata, India, September 19, 2007 - McNally Bharat Engineering Company Ltd has announced that Asansol Durgapur Development Authority (a statutory body of the Government of West Bengal ) has allotted the Company 25 acres of Industrial Land in the industrial area on National Highway 2 in Asansol for setting up Heavy Engineering Equipment manufacturing facility.
More About: Manufacturing , Ally

Tulip IT Services bags West Bengal State Wide Area Network project worth Rs
2007-09-19 11:04:00
Kolkata, India, September 19, 2007 - Tulip IT Services Ltd on September 19, 2007 has announced that it has been awarded the West Bengal State Wide Area Network Project . The network will be established on the Build Own Operate & Transfer (BOOT) model and the total value of the current component of the bid, that has been awarded to the Company, is in excess of Rs 53 Crores. The Company's Services will deploy, manage and operate the entire network for a period of five years.
More About: Bags , Infrastructure

Modern India to set up an IT SEZ at Khopoli near Mumbai | INRnews
2007-09-19 11:03:00
Mumbai, India , September 19, 2007 - Modern India Ltd has announced that the Company is planning to set up an IT / ITES SEZ (Information Technology / Information Technology Enabling Services) (Special Economic Zone) on about 15 Hectare of land at Khopoli. This project will be implemented through a wholly owned subsidiary Company viz Modern India Property Developers Ltd.
More About: Mumbai

SREI Infrastructure Finance to issue 25 mln shares to Promoter Group | INRn
2007-09-19 10:56:00
Mumbai, India, September 19, 2007 - SREI Infrastructure Fina nce Ltd has announced that the board of directors of the Company has proposed a preferential issue of up to 25,000,000 warrants to the Promoter Group , which on conversion, will increase their holding to over 35 per cent from the existing level of 20 per cent.
More About: Shares

Nagarjuna Construction bags Rs 1,558 crore EPC contract | INRnews
2007-09-19 10:47:00
Mumbai, India, September 19, 2007 - Nagarjuna Construction Company Ltd has announced that the Company in consortium with M/s. POSCO E & C of South Korea has bagged an EPC Contract valued at Rs 1,558 crores from Steel Authority of India Ltd for IISCO Steel Plant at Burnpur, West Bengal.
More About: Bags

Mahindra Gesco to change name | INRnews
2007-09-19 10:46:00
Mumbai, India, September 19, 2007 - Mahindra Gesco Developers Ltd has announced that the members at the 8th Annual General Meeting (AGM) of the Company held on September 17, 2007 inter alia, have accorded to the following, including a name change to Mahindra Lifespace Developers Ltd:
More About: Companies , Change , Chang , Chan

Regularization of unauthorized developments & constructions in Karnataka |
2007-09-13 09:41:00
Bangalore, September 13, 2007 - Owners of unauthorised developments and constructions in Karnatak a will have an opportunity to regularise the same under a new scheme under Karnataka Town and Country Planning Rules 2007 that authorises all the local bodies in the state to regularise unauthorised properties. Applications for the same can be made starting this week.
More About: Bangalore , Develop

India?s Home Loan GDP Ratio 5%, versus 50% In US & UK | INRnews
2007-09-13 09:40:00
New Delhi, India , September 13, 2007 - Despite real estate witnessing boom in last couple of years with 90% of home loans borrowers being the first timers, home loans GDP ratio in India continues to be at meager 5% as against 50% in US and UK and therefore suggested that it be more than  doubled in budget proposals for 2008-09.
More About: Home , Loan , Versus , Home Loan

DLF to invest Rs 100,000 crore in Bengal real estate projects | INRnews
2007-09-13 09:37:00
Kolkata, India, September 13, 2007 - Indian Real Estate major DLF Ltd plans to invest over Rs 100,000 crore in West Bengal over the next seven years. This was stated by Mr. AS Minocha of DLF Commercial Developers Ltd in a press interview.
More About: Projects , Real Estate , Invest

Mantri Realty to invest Rs 100 crore in Kolhapur real estate development |
2007-09-13 09:27:00
Kolhapur, India, September 13, 2007 - Real estate developer Mantri Realty is to set up the first IT Park in Kolhapur at a cost of Rs 20 crore. In addition the firm plans to invest a further Rs 80 crore to set up a 3-5 lakh sq ft mall and a 100-acre residential complex in Kolhapur.
More About: Estate , Real Estate , Development , Invest

HUDA sells land in Hyderabad | INRnews
2007-09-13 09:25:00
Hyderabad, India, September 13, 2007 - The Hyderabad Urban Development Authority (HUDA) has raised money from the sale of multiple plots across Hyderabad.
More About: Hyderabad , Land

Jharkhand Railyway over bridge construction approved | INRnews
2007-09-12 09:34:00
New Delhi, India, September 12, 2007 - The Union Minister of Shipping, Road Transport and Highways, Thiru T.R. Baalu has approved the construction of Railway over Bridge (ROB) cum Flyover approach over river Subernrekha on NH-33 at Namkum in Jharkhand at a total cost of Rs. 26.30 crore.
More About: Construction , Prove

East-West corridor to be substantially completed by 2009 | INRnews
2007-09-11 09:35:00
New Delhi, India, September 11, 2007 - The Union Minister of Shipping, Road Transport and Highways, Thiru T.R. Baalu has said that the East -West Corridor which, passes through the States of Assam , West Bengal, Bihar, Uttar Pradesh, Madhya Pradesh, Rajasthan and Gujarat, is likely to be substantially completed by 2009. Speaking at the Parliamentary Consultative Committee Meeting of the Ministry, Thiru T.R. Baalu said that on completion, this Corridor would open up new opportunities for the people residing in these States and lead to all round economic development of these States. The subject of the today’s Consultative Committee Meeting was the progress of work on the East West Corridor.
More About: Ally

Rs 500 crore residential project planned in Kochi | INRnews
2007-09-11 09:30:00
Kochi, India, September 11, 2007 - Malayalle Realtors India Pvt Ltd is to set up "Smart Village" in 55 acres of land at Manjapara near Nedumbassery at a cost of Rs 500 crore.
More About: Residential , Project , Kochi , Koch , Resident

Nagarjuna Construction secures new orders totaling Rs 272 crores | INRnews
2007-09-11 09:22:00
Mumbai, India, September 11, 2007 - Nagarjuna Construction Company Ltd has announced that the Company has bagged new orders totaling Rs 272 crores. Out of this, the major orders comprise of a project for construction of Shell and Core in SEZ Infocity in Hyderabad for Satyam Computer Services Ltd valued at Rs 96 crores and Civil Works for Construction of Mall for Market City Mumbai project in Mumbai for Offbeat Developers valued at Rs 60 crores.
More About: Orders

Sonata Software to set up 7 acre IT campus in Kokapet, Hyderabad | INRnews
2007-09-11 09:20:00
Hyderabad, India, September 11, 2007 - Sona ta Software Ltd has announced that it will set up its second development center in Hyderabad as part of its growth strategy. The Company has been allotted 7 acres of land in SEZ being set up by the government of Andhra Pradesh, for setting up an IT campus. The land is located in the emerging IT hub at Kokapet, near Gachhi Bowli, in Hyderabad.
More About: Campus , Hyderabad , Sonat

Peninsula Land sells Mumbai business park premises for Rs 1054 crore | INRn
2007-09-11 09:17:00
Mumbai, India, September 11, 2007 - The Ashok Piramal Group's Peninsula Land Ltd has announced that the Company has entered into an Agreement for sale of 5,75,000 sq.ft. out of its proposed development at its Dawn Mills (Peninsula Business Park ) premises at an approximate consideration of Rs 1,054 Crores to Alok Infrastructure Pvt Ltd.
More About: Mumbai

Marvel Realtors partners with Och-Ziff Capital for residential project in K
2007-09-10 16:27:00
Pune, India, September 10, 2007 - Marvel Realtors , pioneers of super luxury apartments and home automation technology in India, announced  the launch of a Rs 500 crore JV project in association with Och-Ziff Capital Management Group.
More About: Residential , Project , Pune

Cushman & Wakefield ties-up with CREDAI NCR for conference | INRnews
2007-09-10 16:22:00
New Delhi, India, September 10, 2007 - CREDAI NCR, the Delhi-NCR chapter of Confederation of Real Estate Developer's Associations of India (CREDAI), the apex industry body, has announced that it is convening India's largest conference on 'Investment Environment and funding Mechanisms in Real Estate Development' on Friday, September 14, 2007 at New Delhi.
More About: Conference , Cush

Ishaan Real Estate Plc completes Completes £133 million Initial Portfolio
2007-09-10 16:20:00
London, UK, September 10, 2007 - Ishaan Real Estate Plc ("Ishaan") announced that it has completed the investment in its initial portfolio. It has also secured leasing agreements with two leading multinational companies for 766,000 sq. ft. of the projects in the initial portfolio.
More About: Portfolio , Real Estate , Investment

Real estate companies grow ad spend | INRnews
2007-09-09 16:30:00
New Delhi, India , September 09, 2007 - The ad spend of real estate and telecom companies has grown the most among a host of sectors, says ASSOCHAM Eco Pulse (AEP) Study.
More About: Companies , Estate , Real Estate , Real

Delhi Airport Modernization Process on Track | INRnews
2007-09-08 16:18:00
New Delhi , India, September 08 Sep, 2007 - Delhi’s dream of having a world class airport will soon be true. The modernization of the Indira Gandhi International Airport being carried out by Delhi International Airport (P) Limited is on schedule. A team of senior officials from the Ministry of Civil Aviation and Ministry of Urban Development visited the construction site to apprise themselves of the progress of the project. Currently, work is on simultaneously for the construction of a new domestic terminal, the modernization of the existing international terminal, a world class integrated passenger terminal (Terminal 3) and a third runway for the airport.
More About: Track , Process

Arshhiya Tech to invest Rs 350cr in CFS & Logistics Park | INRnews
2007-09-07 16:25:00
Mumbai, India, September 07, 2007 - Arshhiya Tech nologies International Ltd., an India based integrated supply chain services company with global presence (through it’s network of partners - BDP International and Genco), has announced the approval of the Ministry of Commerce & Industry, Department of Commerce, Infrastructure Division - Government of India for setting up a Container Freight Station (CFS) near JNPT Port for handling import and export cargo. The adjacent area will also include a Logistics Park . The cost of the proposed CFS and Logistics Park project will be approximately Rs. 350 crores.
More About: Invest , Navi Mumbai

CII organizes mega event on Green Buildings at Chennai | INRnews
2007-09-07 16:23:00
Chennai, India, September 07, 2007 - CII – Sohrabji Godrej Green Business Centre is organizing its 5th edition of India’s flagship event on Green Building the “Green Building Congress” at the Chennai Trade Centre in Chennai. There are more than 800 participants including high profile architects, senior consultants, builders, contractors along with facility management groups, corporate, government representatives and institutions who are seeking active participation in the Congress.
More About: Event , Chennai , Buildings , Mega