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Trikona TC extends its partnership with German fund manager | INRnews
2008-04-06 07:40:00
London, UK, April 01, 2008 - Trikona Trinity Capital PLC (AIM: TRC), a fund created for investing in Indian real estate and infrastructure, and managed by Trikona Capital, extends its strategic partnership with SachsenFonds Holdings GmbH ("SF"), a leading German fund manager with €4.7 billion of assets under management, by signing a Memorandum of Understanding (MoU) with a transaction value worth approximately £80 million. Under the terms of the MoU, SF will acquire certain assets from Trikona TC and co-invest in new projects.
More About: Investment , Manager , Fund

Pantaloon Retail Launches Big Bazaar in Ranchi | INRnews
2008-04-04 21:04:00
Ranchi, India, April 05, 2008 - Pantaloon Retail (India) Limited, part of the Future Group, today announced the launch of its flagship hypermarket retail store – Big Bazaar – in Ranchi city. This is the second Big Bazaar in Jharkhand region and the first biggest store with 80,000 sq.ft area in East Zone for the company.
More About: Ranchi

BuildArch 2008 and Build Up 2008 Announced in Mumbai | INRnews
2008-04-04 15:20:00
Bangalore, India, April 04, 2008 - Bangalore International Exhibition Centre (BIEC), The Confederation of Indian Industry (CII) and Deutsche Messe, Hannover, Germany (DMAG) have announced the institution of Build Arch 2008 and Build Up 2008, India's Comprehensive International Exhibition and Conference scheduled to be held in October at the Bangalore International Exhibition Center (BIEC), Bangalore. The event to be held from 21st - 24th October 2008 has been envisaged as India's most Comprehensive International Exhibition and Conference on Architecture, Building and Construction , Property Investments and Development Opportunities on a global scale. This is the first time that these three organisations have joined hands to conduct an exhibition.
More About: Mumbai

Parsvnath Developers appoints Sunil Malhotra as CFO | INRnews
2008-04-04 07:52:00
New Delhi, India , April 04, 2008 - Parsvnath Developers Limited, India’s leading real estate developer with diversified portfolio, has announced the appointment of Mr. Sunil Malhotra as CFO with effect from March 28, 2008 in place of Mr. Ravi S. Pani, who has since resigned.

Indiabulls Power Generation awarded LoI for Chhatisgarh power project | INR
2008-04-04 04:46:00
Mumbai, India , April 04, 2008 - Indiabulls Real Estate Ltd has announced that Indiabulls Power Generation Ltd (IPGL) has been awarded the Letter of Intent for Bhaiyathan Thermal Power Project (Bhaiyathan TPP) in Chhattisgarh state by Chhattisgarh State Electricity Board (CSEB).

REITs To Grow Globally At US$ 1400 Bln.: ASSOCHAM-CRISIL | INRnews
2008-04-03 15:28:00
Mumbai, India , April 03, 2008 - The Real Estate Investment Trusts (REITs) would have potential to hold at least 5% share of the total global real estate market by 2010, the size of which would turn to US$ 1400 billion in next 3 years, according to joint Paper prepared by the ASSOCHAM and CRISIL.
More About: Grow

Builders protest against steep hike in steel prices | INRnews
2008-04-03 08:51:00
Mumbai, India , April 03, 2008 - 'The Builders ’ Association of India (BAI), an All India Association of Engineering Construction Contractors, today strongly protested against the  unprecedented rise of over 32 per cent in price of steel  in the last three months and expressed doubts about completion of time-bound projects connected with Commonwealth Games-2010 and other projects.
More About: Protest , Hike , Steel

TCS launches development of new 20,000-seat campus in Pune | INRnews
2008-04-02 08:50:00
Pune, India, April 02, 2008 - 'Tata Consultancy Services, (TCS) (BSE: TCS.BO, NSE: TCS.NS), a leading IT services, business solutions and outsourcing organization, today announced the commencement of construction at its largest development centre, TCS Sahyadri Park located in Hinjewadi, Pune, Maharashtra.
More About: Development , Campus , Seat , Pune

Real Estate TV signs agreements with Cable Networks | INRnews
2008-04-02 08:49:00
New Delhi, India , April 02, 2008 - 'Real Estate Television, India’s first 24x7 channel dedicated to Real Estate and Infrastructure, is now available in all metros and major cities across the country, it was announced here today.
More About: Networks , Signs

Real Estate TV signs agreements with Cable Networks | INRnews
2008-04-02 08:49:00
New Delhi, India , April 02, 2008 - 'Real Estate Television, India’s first 24x7 channel dedicated to Real Estate and Infrastructure, is now available in all metros and major cities across the country, it was announced here today.
More About: Networks , Signs

Raheja Developers performs Bhoomi Pujan for expo mall in Panipat, Haryana |
2008-04-02 06:24:00
Panipat, India, April 02, 2008 - Raheja  Developers has announced that the comapany has performed BHOOMI PUJAN of Block A of “RAHEJA EXPO-MALL” at Panipat on April 02, 2008. This marks the beginning of construction of fully equipped commercial complex that integrates world-class infrastructure with the peaceful ambience of a small mordern town.
More About: Expo , Haryana , Mall

Nagarjuna Construction - NCC Infra & Maytas Infra to develop Gulbarga and S
2008-04-02 05:46:00
Bangalore, India, April 02, 2008 - Nagarjuna Construction Company Ltd has announced that NCC Infrastructure Holdings Ltd and Maytas Infra Ltd, Hyderabad based construction and infrastructure development Companies on April 02, 2008 announced that they have signed a Project Develop ment Agreement (PDA) with the Infrastructure Development Department (IDD), Government of Karnataka to develop and operate airports proposed at Gulbarga and Shimoga on a BOT basis.

Era Infra secures construction orders | INRnews
2008-04-01 21:36:00
Mumbai, India, April 02, 2008 - Era Infra Engineering Ltd has announced that the Company has secured an order valued at approximately Rs 4 crore from Jeet builders Pvt Ltd for supply of Ready Mix Concrete (RMC) for the construction of multi storied residential complex at Greater Noida.
More About: Construction , Orders

Era Infra secures construction orders | INRnews
2008-04-01 21:36:00
Mumbai, India, April 02, 2008 - Era Infra Engineering Ltd has announced that the Company has secured an order valued at approximately Rs 4 crore from Jeet builders Pvt Ltd for supply of Ready Mix Concrete (RMC) for the construction of multi storied residential complex at Greater Noida.
More About: Construction , Orders

Era Infra secures construction orders | INRnews
2008-04-01 21:36:00
Mumbai, India, April 02, 2008 - Era Infra Engineering Ltd has announced that the Company has secured an order valued at approximately Rs 4 crore from Jeet builders Pvt Ltd for supply of Ready Mix Concrete (RMC) for the construction of multi storied residential complex at Greater Noida.
More About: Construction , Orders

Tata Realty and Infrastructure sets its sights on fast growth in a booming
2008-01-22 12:51:00
Mumbai, India, January 22, 2008 - Tata Realty and Infrastructure (TRIL), one of the newer companies in the Tata Group and a 100 per cent subsidiary of Tata Sons, is all set to play its part in developing the nation.
More About: Companies , Sights , Sets , Growth

Chandigarh Housing Board to construct 13,000 units | INRnews
2008-01-22 12:50:00
Chandigarh, India, January 22, 2008 - The Chandigarh Housing Board (CHB) is to construct around 13,000 housing units under different categories in the city.
More About: Chandigarh , Units

Kenilworth Beach Resort to add 16 villas in Goa property | INRnews
2008-01-22 12:49:00
Panaji, India, January 22, 2008 - The Kenilworth Beach Resort and Spa, a 5-star hotel in Goa , is to add 16 luxury villas of 1,000 sq.ft to its property by Oct '08 at a cost of Rs 5.5 crore.
More About: Property , Villas

Uma Petroproducts to develop township near Khopoli | INRnews
2008-01-22 12:45:00
Mumbai, India, January 22, 2008 -  The board of directors of Uma Petroproducts have decided to enter into a memorandum of understanding (MoU) with MS Group of Companies to jointly develop a township near Mumbai.
More About: Mumbai , Develop

Farmers to set up own SEZ near Pune | INRnews
2008-01-22 12:43:00
Pune, India, January 22, 2008 -  Farmers in a village near Pune, Avasari Khurd, have been given an in-principle approval from the State Government to set up an SEZ. Farmers decided to take this step to unlock the value of nearly 3,500 acres of barren land said to be worth Rs. 900 crores.
More About: Pune

Pantaloon Retail to set up wholly owned subsidiaries | INRnews
2008-01-22 12:42:00
Mumbai, India, January 22, 2008 - Pantaloon Retail India Ltd has announced that the Board of Directors of the Company at its meeting held on January 22, 2008, inter alia, has approved setting up wholly owned subsidiary Companies for Big Bazaar and Food Bazaar, Speciality Retail Business Activities and Property & Mall Management Division and transfer the respective businesses of the Company on a going concern basis to the respective subsidiaries, subject to receipt of all requisite statutory and other necessary approvals.
More About: Owned , Pantaloon Retail , Olly

Now real estate and healthcare at Future Group stores | INRnews
2008-01-22 12:41:00
Mumbai, India, January 22, 2008 - The Future Group, whose flagship company Pantaloon Retail operates over 1,000 stores nationwide, is looking to maximise the value of its locations through selling real estate and healthcare.
More About: Estate , Real Estate , Healthcare

Land prices rise in Goa | INRnews
2008-01-22 12:40:00
Panaji, India, January 22, 2008 - Land prices have risen significantly in Goa , driven by high interest for holiday homes or second homes in the state. Prices have increased by over 20% in the last one year alone across the state.
More About: Rise

UK wants to be a genuine partner in developing India's Infrastructure | INR
2008-01-22 08:50:00
New Delhi, India, January 22,2008 - Speaking at the inaugural session of the UK-India Infrastructure Conclave on January 16, organized by the Confederation of Indian Industry (CII) and UK Trade and Investment (UKTI), in Delhi, Digby, Lord Jones of Birmingham, UK Minister for Trade and Investment said that his country wants to be a genuine partner in developing India's infrastructure and not just a contractor. Given India's rising stature in the global sphere, he also endorsed India's membership of the UN Security Council and the G-8. He said that several British companies such as Bombardier and Mott McDonald are already engaged in developing India's infrastructure. He projected UK as an attractive and open global financial centre, ready to share its expertise and participate in India's PPP ventures in the infrastructure sector.
More About: Partner , Genuine

Infosys acquires 300 acres of land near Sarjapur for second Bangalore campu
2008-01-22 08:48:00
Bangalore, India, January 22, 2008 - Software giant Infosys Technologies has acquired 300 acres of land near Sarjapur in Bangalore at market prices to build a second campus in the city. Bangalore, the company's largest centre, is expected to seat 25,000 employees by March this year.
More About: Bangalore , Land , Acres

Deutsche Bank arm makes $70 mn Indian real estate investment | INRnews
2008-01-22 08:47:00
Mumbai, India, January 22, 2008 - RREEF, the global alternative investment management business of Deutsche Bank, advised by Deutsche Asset Management (India) Pvt Ltd, has made its first real estate investment in India. RREEF has substantially completed the purchase of an undisclosed stake in Bangalore and Hyderabad-based real estate development company, Golden Gate Properties Ltd, for US$ 70 mn (Rs. 2735 mn).
More About: Estate , Real Estate , Real Estate Investment , Indian , Investment

Audi opens largest luxury car showroom in India in Gurgaon | INRnews
2008-01-22 08:46:00
Gurgaon, India , January 22, 2008 - Audi , the German luxury car manufacturer, has announced the opening of its newest showroom in Gurgaon.
More About: Luxury , Gurgaon , Showroom

KNR Const IPO opens on Jan 24, price band Rs 170-180/share | INRnews
2008-01-22 08:44:00
Mumbai, India, January 22, 2008 - KNR Const ructions Limited (the "Company"), an infrastructure project development company, will enter the capital market soon with an Initial Public Offering ("IPO") of 7,874,570 equity shares of Rs 10 each for cash at a price ("Equity Share s") to be decided through a 100% book-building process. The Bid/ Issue opens for subscription on January 24, 2008 , and closes on January 29, 2008 . The Price Band has been fixed between Rs 170 and Rs 180 per Equity Share.
More About: Companies

Wockhardt Hospitals Ltd. plans regional specialty ICU hospitals | INRnews
2008-01-22 08:43:00
Mumbai, India, January 22, 2008 - Wockhardt Hospitals Limited, one of the largest private healthcare services companies in India, plans to develop a network of regional specialty ICU hospitals, which deepen and complement the penetration of the superspecialty hospitals through their referrals of patients in need of advanced tertiary care. The regional specialty ICU hospitals act as referral centres for the super-specialty hospitals for advanced and tertiary procedures, but are also self-sustaining and strategically located to fulfil market demand for basic tertiary care in the case of regional ICU hospitals and higher secondary care in the case of higher secondary care hospitals.
More About: Healthcare , Regional , Plans

Wockhardt Hospitals plans Rs 5.69 bn investments in hospital projects | INR
2008-01-22 08:42:00
Mumbai, India, January 22, 2008 - Wockhardt Hospital s Limited, the only private hospital group in India, associate of Harvard Medical International ("HMI"), a self supporting not-for-profit subsidiary of Harvard Medical School, has chalked out an ambitious growth strategy with an investment of Rs 5.69 billion in expanding, developing and constructing both greenfield and brownfield expansion plans.
More About: Projects , Healthcare , Plans , Hospitals