Tag: Infrastructure Development

Olive Group Expanding To IT Sector

After completing 25 years in real estate industry, Mumbai-based Olive Group is expanding to Information Technology (IT) sector. Speaking to mediapersons here, P V Mathai, Chairman of Olive Builders, said as part of the diversification, it would associate with the USA-based Millennium Consultant Inc, a leading software company, which has operations in Bangalore and Kochi. […]

Salim Group’s Expressway Due To Land Acquisition Problem

Days after Chief Minister Buddadeb Bhattacharjee declared that Indonesia-based Salim group’s Expressway was put on hold due to the land acquirement problem, Prasoon Mukherjee, Salim Group’s pointsman and chairman of NKID (New Kolkata Infrastructure Development) expressed confidence that the other jumbo projects of the Group, including the PCPIR, are on track. Mukherjee said “We have […]

Market slowdown Affects Hotel Development

With real estate stocks being hit adversely by the market slowdown, the phenomenon is expected to have a spiraling effect on hospitality development in India. Most real estate majors with a series of hospitality developments in their portfolio are affected by this trend. This may lead to a stall or delay in the completion of […]

Unity Infra Upcoming Project

Unity Infraproject has announced it’s FY08 results. Unity Infra project’s profit after tax (PAT) for FY2008 stood at Rs 600 million, up 42% from Rs 423 million in FY2007. EPS for FY2008 was Rs 44.9 versusRs 32.9 in FY2007, a growth of 36%. Out of the current order book, 56% pertains to government and 44% […]

India In Top Three Favored Destination For Investment

India and China, the world’s two fastest growing economies, leads the list of best places for investment and development, driven by their current GDP growth rates, appropriate investment climate and substantial trade opportunities, a latest report says. According to global consultancy Grant Thornton’s International Business Report 2008 on rising global Markets, China, India and Russia […]

Realty Has Designs For Foreign Architects

It’s not just the consultants, funds and law firms that are coming to India. The booming real estate sector has attracted yet another important segment of the global industry—the architects. Celebrated British architect Lord Norman Foster, who shaped London’s 21st-century skyline with buildings such as the Gherkin, the new Wembley stadium, and has designed other […]

HCC Sets Up Arms For Key Businesses

Hindustan Construction Company (HCC), a leading construction house, will transfer its real estate, infrastructure and investment businesses into separate fully-owned subsidiaries in an attempt to provide these high-growth businesses with a distinct focus and identity. HCC officials said two subsidiaries, HCC Real Estate and HCC Infrastructure, have already been formed and the third, HCC Capital, […]

Hinduja Group appoints Ravinder Babbar as COO

Hinduga group one of the leading diversified groups in the world, today announced the appointment of Ravinder Babbar as COO for Aasia Properties Development Ltd., the real estate arm of the group.