Tag: india

Rs Two Thousand Crore Budget Booster For SIDBI To Lend More

March 10, 2008 – 10:52 am

With the support of a fund of two thousand crore, announced in the Union Budget of this financial year, for improving credit flow to small and medium firms, the Small Industries Development Bank of India (SIDBI) will build up its strong presence in industrial sector.

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ETA Star to venture into Indian hospitality

March 7, 2008 – 12:00 am

Dubai-based property developer, ETA Star Properties, plans to foray into the Indian hospitality industry with two properties at Bengaluru and a property in Chennai, respectively. The group has assigned an investment of two billion Dirham for its current phase of development in India. The properties developed by ETA Star Properties will be managed by their [...]

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India and Dubai Investors Show Strong Tie Ups

March 3, 2008 – 7:02 am

For Indian investors, Dubai is the ideal investment choice and if we say that its vice-versa is also true, then it would not be wrong. Last year the UAE’s GDP increased to 26%, with over 60% coming from sectors other than the oil industry, 50% of which originated from the service sector.

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Singapore Realty Developer plans to tap Indian Market

February 29, 2008 – 7:32 am

Singapore’s largest private property developer, the $4-billion Far East Organization, is keen to get a toehold in India. The Singapore conglomerate is talking to prospective Indian partners for its proposed foray in the booming realty market, especially in major metros like Delhi, Mumbai, Kolkata and Chennai. Mr.Chia Boon Kuah, executive director, said “We are talking [...]

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Indiabulls Real Estate buys entire stakes in UK unit

February 28, 2008 – 5:48 am

MUMBAI – Indiabulls Real Estate Ltd said on Thursday its board had approved acquiring the entire stakes in Dev Property Development Plc in a 138- million-pound sterling (10.9 billion rupees) share-swap deal. Dev, which listed on London’s junior stock exchange in 2007, is promoted by the Indian property developer and holds stakes in several of [...]

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Investment In Promising Cities In India

February 20, 2008 – 1:28 am

India is internationally recognized as a booming economy, making it a  favored real estate investment destination for both commercial and residential properties. Still, there is always the confusion of whether to invest in an recognized area or in potentially more money-making area.

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New forum launched to boost India-Oman trade

February 19, 2008 – 6:23 am

A new Indian Business Forum has been launched in Oman to boost trade and commerce between India and the Gulf nation. An initiative of the Indian embassy in Oman, the forum is aimed at providing a platform to bring together Indians and Persons of Indian Origin (PIOs) in Oman, occupying prominent positions in business establishments, [...]

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Israel firms in Joint venture for realty project

February 14, 2008 – 1:53 am

Property and Building Corporation (PBC) and Electra Real Estate, both Israel based firms, today pronounced plans of developing Rs 4,000-crore real estate projects in Hyderabad, Chennai and Mysore through a recently incorporated Indian joint venture, PBEL Property Development (India), with Hyderabad-based Incor Infrastructure as a 10 percent stake holder. PBC is a subsidiary of the [...]

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Emaar MGF Land postpones IPO

February 11, 2008 – 8:58 am

Emaar MGF Land, a JV between one of the world`s foremost real estate companies, Emaar Properties PJSC of Dubai, and MGF Development of India, has withdrawn and postponed its initial public issue to an appropriate moment. The company decided to take this step as an outcome of the prevailing adverse market feelings, fuelled by renewed signals of [...]

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Avoid Getting Your Income Tax Return Invalidated

February 5, 2008 – 6:52 am

As per the orders of the Supreme Court, it is now compulsory to file income tax return using the new prescribed forms ITR-8. Those who had filed their returns for A.Y. 2007-2008 in the form no. 2D i.e. SARAL form or any other old forms on or after 14th may, 2007 can re-file their returns [...]

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Real Estate India will be benefited by PE Investment In next two year

February 1, 2008 – 1:31 am

With a revenue margin of approximately 35% to 50%, Private Equity (PE) land in India is one of the best beneficiaries of the Real Estate Sector of the country. Within the upcoming two years Private Equity (PE), out of the country firms venture in Indian market is likely to touch US$48bn. More than 400 such [...]

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Dev Property Puts Forward The Disposal Of Interests In Two Development Projects

January 28, 2008 – 6:04 am

January 09,2008. Dev Property Development Plc (DPD.L) today declared that it intends to organize its entire interest in two development projects- The Jupiter Mills Project Elphinstone Mills Project Total Investment on these two projects is £114 million. The company has declared its strategy that it will seek shareholder approval for the disposal of its interests [...]

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Real Estate Industry Spreads Over Small Cities

January 28, 2008 – 5:10 am

Disproportionate increase in property price in metro cities has resulted into expansion of hotel industry to small cities. The Giants of hotel industry are shifting their focus to cities like Ahmedabad, Bhuvaneshwar, Chandigarh, Coimbatore, Goa, Guwahati, Indore, Jaipur, Ludhiana, Lucknow, Mysore, Nagpur, Surat Vishakhapatnam and many more. Main reason behind the change in investment trend [...]

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Carrefour Shows Interest In Indian Retail Industry

January 23, 2008 – 9:15 am

Carrefour, A brand name for French retail, is willing to start retail industry in India. For this purpose Carrefour is in search of multiple partners. Carrefour won’t be the first foreign retailer to have multiple partners while opening shops in India. Quick Service Restaurant (QSR) chains McDonald’s and Yum! Restaurants have been operating in India [...]

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Emaar MGF Launches IPO

January 23, 2008 – 7:46 am

Real estate firm Emaar MGF Land Limited is raising Rs 7000 crore from the market on 1st February. The company has firmed up an initial public offering of 102,570,623 equity shares of face value Rs 10 each at a price to be determined through a 100% book-building issue. The price band has been fixed between [...]

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Real Estate Development Prospect in India

January 15, 2008 – 3:25 am

January 08, 2008. Real Estate Companies and Investors are taking India as a great Investment destination. Real estate investment in major cities is taken as a beneficial deal. Real Estate Developers from the outside countries are showing their interest in building luxury villas in top Indian cities. They are looking for the joint venture partners [...]

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