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March 2007 - Posts

30 March 2007
DLF selects IBM India to transform its IT Infrastructure
DLF Ltd, India’s largest Real Estate Development company, has awarded IBM India a 10 year contract, to transform and manage DLF’s IT Infrastructure. DLF will leverage on IBM’s infrastructure management expertise to secure a high quality Read More...
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30 March 2007
Mantri Realty to invest Rs 800 crore for real estate development in Hyderabad
Hyderabad, India, March 16, 2007 - Mumbai based real estate development firm Mantri Realty is to develop 12 million sq.ft of space on a 60 acre property near Hitec City in Hyderabad at an investment of Rs.800 crore. The firm plans to build residential, Read More...
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23 March 2007
Limitless set for foray into India property sector
DUBAI — Limitless L.L.C., the global integrated real estate development arm of Dubai World, yesterday said it was poised for foray into the booming Indian property market. Amid reports circulating in India about a $10-12 billion joint venture between Read More...
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23 March 2007
Land banks come under SEBI scanner, 7 crore land Evaluated for 44 Crores!
MUMBAI: In the surreal world of property valuations, this one perhaps takes the cake. A real estate company wanting to buy a piece of property roped in a reputed international consultant to do the valuation. The consultant, eager to oblige, submitted Read More...
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23 March 2007
Properties from over 15 countries to be on display during The Asian Real Estate Show 2007
Properties from over 15 countries will be on display during the first Asian Real Estate Show 2007 (ARES 2007), to be held at the Pragati Maidan, New Delhi from April 13 to 15. The event, mainly aimed at offering international properties to Indians and Read More...
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23 March 2007
Freescale opens design center in Noida
Freescale Semiconductor Inc. has opened a new 300,000-square-foot semiconductor design center in Noida, India. During the past two years the Austin-based chipmaker has invested about $50 million in India and acquired two new campuses there -- and Freescale Read More...
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23 March 2007
Hotel Grand New Delhi For Sale
MUMBAI/ BANGALORE: Intercontinental, The Grand New Delhi, owned by late hotelier Lalit Suri is on the block. Jyotsna Suri, joint MD and wife of Lalit Suri, has put an asking price of Rs 900 crore for the property. Potential suitors could include ITC and Read More...
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19 March 2007
Parsvnath launches Rs 250 crore "5-Star Hotel & Multiplex-***-Commercial Mall" in Ahmedabad
Parsvnath Developers Ltd has announced the launch of its 5- star hotel and Multiplex-***-Commercial Mall project in Vejalpur, Ahmedabad on March 16, 2007. This marks the opening of bookings for commercial space in the coveted upcoming property. The plot Read More...
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19 March 2007
DuPont to set up plant biotech research centre in Hyderabad
Mumbai: DuPont will set up plant biotech research centre at the company's proposed knowledge in Hyderabad, its first such facility outside the US. The $20-million knowledge center is part of the company's $100-million reinvestment plan and will Read More...
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19 March 2007
MapInfo Opens R&D Centre In Noida
Friday, March 16, 2007: MapInfo Corporation, a provider of location intelligence solutions, has launched an R&D and technical support centre in Noida, India. From its new facility, located at Logix Technopark, Noida, MapInfo India will work collaboratively Read More...
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19 March 2007
Acquired land is govt’s sole property: Supreme Court
NEW DELHI — Once a piece of land has been duly acquired by the government under the Land Acquisition Act, it becomes the sole property of the state, India’s apex court has held. Even if the purpose of the acquisition no longer exists, the Read More...
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19 March 2007
PMC general body talks property on its last day
Pune, March 14: Property dealings remained top on the agenda for the outgoing General Body members of the Pune Municipal Corporation on the last day of their term on Wednesday. Without any discussion, members approved proposals for allotting land reserved Read More...
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18 March 2007
Private equity to power realty firms
Real estate developers are increasingly looking at private equity firms as banks are turning off the taps due to the Reserve Bank of India’s stringent guidelines on funding commercial and retail developments. In the first two months of 2007 alone, Read More...
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17 March 2007
DHR & BHS In Strategic Alliance to Open 6 Hotels In India
The Bird Group under its wholly owned subsidiary, Bird Hospitality Services (BHS), is expanding its hospitality business with Dusit Hotels and Resorts (DHR). Under a joint venture, Bird Hospitality Services is committed to develop six, 4 to 5 star hotels, Read More...
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16 March 2007
Property Rates in India to go up by 10% in Next Six-Months
The future of Indian retail industry seems bright in the coming six months as implied by the data showcased by Federation of Indian Chambers of Commerce and Industry (Ficci) in its survey on property prices. The real estate rates in India will go up by Read More...
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