November 1, 2008 – 8:01 am
ASSOCHAM study says city fares well in real estate prices, business environment but lags behind in other parameters necessary for a metro city. Chandigarh comes a close second in real estate prices, financial services and business environment, but lags behind in other five parameters necessary for a metro city, says the ASSOCHAM Eco Pulse Study. [...]
By Rajani
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Posted in Real Estate News
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Also tagged Assocham, Bangalore, Business Environment, Chennai, Educational Institutes, Employment Opportunity, Hyderabad, Infrastructure Business, Infrastructure Facilities, Lucknow, Metro City, Metro Status, Pulse Study, Second City, Social Infrastructure, Tier Ii
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September 5, 2008 – 3:41 am
Retail chain Big Bazaar plans to open 15 more stores by November end, some of them in new markets, at an investment of Rs 1,500-1,600 crore.
With this, Big Bazaar, a subsidiary of the Kishore Biyani-spearheaded Pantaloon Group, will have 112 stores pan-India by November, a top company official said.
Big Bazaar is targeting a network of [...]
By manish
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Posted in Real Estate News
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Also tagged Agra, Big Bazaar, Ceo., Chandigarh, Cuttack, india, Investment, Kishore Biyani, Mumbai Delhi, Mysore, Pune, Rajan Malhotra, Retail Chain, Solapur, Subsidiary, Surat
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August 19, 2008 – 4:55 am
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 several [...]
By manish
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Posted in Real Estate News
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Also tagged Bengal, Chief Minister, Crore, Expressway Project, indonesia, Infrastructure Development, Land Survey, Major Projects, Proportion, salim group, State Government
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Realty firms seem to have lost their appetite for properties in Kolkata, where developers such as Emaar MGF Land Ltd and DLF Ltd were fighting to secure plots for building luxury hotels.
For the first time, a tender to lease out a prime 10-acre plot on the western fringes of the city is being scrapped because [...]
By manish
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Posted in Real Estate News
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Also tagged Dlf, Emaar MGF, Five Acres, Kmda, Land Ltd, Life Insurance Corporation, Life Insurance Corporation Of India, Luxury Hotels, Metropolitan Development, Properties In Kolkata, Realty Firms, Star Hotel, Storey Towers
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Red Fort Capital, a private equity fund focused on real estate development, is in advance stages of negotiations with six developers for an equal number of projects worth Rs 4,000 crore in the metros across India.
The PE fund joined hands with Godrej Properties to develop an IT park in Kolkata, where Red Fort Capital has [...]
Tech Mahindra announced a capex plan of Rs. 638 crore ($150 million) for next three years, 60% of which will go as investments in physical infrastructure such as buildings and real estate while 40% will be used for enhancing technology.
The company plans to open new centres in Belfast (Ireland), Milton Keynes (UK), Chandigarh and Kolkata.
KOLKATA: JaiBalaji Steel, which is investing Rs. 16,000 crore to set up a five million tonnes steel plant in West Bengal, is set to begin construction by this year on its project located in Raghunathpur in Purulia, which is one of the backward districts in the country.
Addressing a press conference here, Aditya Jajodia, Chairman and [...]
Tata Consultancy Services (TCS), India’s leading software exporter, pronounced that it has reserved a capital expenditure plan of One thousand nine hundred crore rupees for the existing fiscal (2008-09).
In an pronouncement, the company said that the capex is 35.7% higher than the last year’s capex of Rs 14 billion.
Mr. S Mahalingam, Chief Financial Officer and [...]
By Rajani
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Posted in Real Estate News
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Also tagged Capex, Capital Expenditure, Chief Financial Officer, Developing Technology, Hyderabad, Infrastructure, S Mahalingam, Sub Prime Crisis, Tata Consultancy Services, Tcs, Tier 1, Tier 2
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After putting up 24 multiplex screens across cities like Vadodara, Kolkata, Mumbai and Goa in the last 6 yrs, the company has been silently signing up properties in Burdwan Rajarhat, Panditya Road, Haldia, Howrah, Jessore Road Asansol and even Siliguri to throw open multiplexes.
The total investment is estimated to be over one hundred crores rupees. [...]
By manish
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Posted in Real Estate News
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Also tagged Asansol, Bengal Ambuja, Calcutta, Ccpl, Eastern India, Eastern Sector, Goa, Hyderabad, Inox Leisure, Jessore Road, Mangalore
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Mumbai, With the Indian real estate market slated to grow 35-40% in value terms over the next two years, private equity (PE) players are lining up significant investments in the segment. Led by Blackstone and the PE arm of Deutsche Bank, a host of players—including Red Fort Capital Advisors, Starwood Capital and Walton Street—are expected [...]
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