Zoom Developers have secured tender for construction of four lane
Bhopal by-pass road in MP. This 52 km long and 24 km wide project will be prepared on the basis of built-operate & transfer.
Many investors are in dilemma with regards to the timing of the purchase of retail space. There is an obvious choice between making investment at the time when the construction is yet to start and at the time when the mall is getting ready for completion. Subhash Lakhotia advocates that one should book the stall [...]
Construction company D S Kulkarni Developers (DSK) said it will form a 50:50 joint venture with GTC Cyprus, part of the Dutch-Israeli investment fund Kardan NV, to develop a 250-acre multi-service SEZ in Pune. In a regulatory filing, DSK said GTC would invest up to $90 million in the project in a phased manner. Any [...]
The Department of Telecom (DoT) will soon float a draft cabinet note for auctioning 773 acres in four cities which was once owned by VSNL. The Tatas took over VSNL in 2002 but the land was kept out of the deal and is still owned by the government and other shareholders. The sale of the [...]
Real estate developers like Lodha, DLF, Unitech and Raheja have begun ramping up their presence in B-school campuses in the last two years in a move to have a more professional image. The move coincides with the growing interest of B-school graduates in the real estate sector. Says Prakash Saxena (name changed), a 2008 IIM-C [...]
The country will require housing for 20.3 crore people by 2015 with an additional demand from 1.6 crore urban populace. However, realisation of this demand is closely related to GDP growth and interest rates. Hence, a 10% increase in the final expenditure in the construction sector increases GDP by 3%. Other risks to the [...]
Indian Real Estate 2020 is scheduled for June 27, 2008 in Mumbai spearheaded by Mr. Anuj Puri, Conference Chairman and Country Head and Managing Director, Jones Lang LaSalle Meghraj. The conference will take a leap into the future and crystal ball gaze at the prospective growth opportunities with the envisaged level of development in the [...]
Kochi will soon attain global status with the coming of a Rs 5,000-crore hi-tech city project. The Bangalore-based Shobha Developers have signed up an MoU with the state government for setting up this hi-tech city. Sobha Hi-Tech City will be an integrated city with focus on research and development, knowledge dissemination, information technology and pure [...]
Finally it’s official. Delhibased realtor Parsvnath Developers will hold 38% stake in the Rs 1,800-crore Nanocity project. The company would be subscribing to the capital of Nanocity, which is a joint venture between Sabeer Bhatia and Parsvnath Developers. Nanocity will have projects relating to nanotechnology, biosciences, software product development, materials research etc. A new [...]
Akruti City, Omaxe, Sobha Developers, among other property developers, are pledging shares with lenders to provide additional security, apart from hypothecating properties to borrow funds, according to information submitted to the stock exchanges. Promoters of Akruti, Omaxe and Sobha have pledged their shares with Indiabulls Financial Services, financiers like Dubai-based BankSarasin & Co and Credit Suisse [...]