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October 2007 - Posts

23 October 2007
PNB signs pact with IIFCL
Punjab National Bank has entered into a MoU with India Infrastructure Finance Company Ltd. The MoU was inked by Dr. K.C. Chakrabarty, PNB Chairman, and Mr S.S.Kohli Chairman and Managing Director, IIFCL, here on Wednesday. Under the MoU, PNB and IIFCL Read More...
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23 October 2007
Need of Real Esate Regulatory Body in India
If you want to buy an insurance policy, you have to purchase the policy from an insurance agent recognised by the Insurance Regulatory Development Authority. If you want to invest in fixed deposits, you have to follow RBI guidelines. If one wants to invest Read More...
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23 October 2007
Manesar is being developed by the Govt. of Haryana as the new area for development
With the growing scarcity of land in the existing Gurgaon Master plan, Manesar is being developed by the Govt. of Haryana as the new area for development. Most of the builders have already acquired lands in Gurgaon Manesar Expressway to develop townships Read More...
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23 October 2007
Government Clears 14 new SEZs
Government approved 14 proposals for setting up SEZs, including those of TCS and Singapore-based realty major Ascendas but deferred a decision on plans by DLF and Unitech Hitech for setting up tax-free zones in Noida in the NCR region. Formal clearance Read More...
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23 October 2007
US Group unviels Dh 4.3 Billion Resort in UAE
US-based PKN Group said it will develop a Dh4.3-billion resort to bring "Las Vegas-style" living and entertainment to a desert area of Ajman near the border with Ras Al Khaimah. To hammer home the point that it would be fit for celebrities to Read More...
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23 October 2007
No Intention to control capital Inflow: Finance Minister
Developments in the recent weeks have required India to moderate the flow of funds into the country but the government has no intention of controlling capital flows, Finance Minister P Chidambaram has said. "Let me assure you we have no intention Read More...
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23 October 2007
Navi Mumbai SEZ to include Co-Developers
The Government has cleared seven co-developers in Mukesh Ambani-promoted Navi Mumbai SEZs , thus endorsing fresh investment through private equity players by a key partner of the RIL Chairman. "The Board of Approval gave a green signal to the Navi Read More...
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23 October 2007
NRIs Boost indian property market
India has a housing shortfall of 26 million units with the bulk of demand coming mostly from non-resident Indians (NRIs), making it a rich property market for developers to tap, a Citibank official yesterday said. Mumbai-based Ashish Mehrotra, business Read More...
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23 October 2007
Massive Shortage of Govt office Accomodation
There is a net shortage of 25.90 lakh sq feet of government office accommodation in Delhi alone and 20.12 lakh sq ft in other major cities, according to a report prepared by the Urban Development Ministry. In Kolkata , the demand for government office Read More...
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23 October 2007
Shaikh Mohamed pays Surprise Visit to CityScape, Dubai
His Highness Shaikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, paid a surprise visit to Cityscape, the world's largest real estate exhibition which concluded here yesterday. A B2B (business-to-business) Read More...
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23 October 2007
IMP Powers Bagged Rs65 Crore Order from Maharashtra State Electricity Board
Makers of electricity meters and transformers IMP Powers has bagged an order worth Rs 65 crore from a renowned EPS Contractor for supply to Maharashtra State Electricity Board. Under the contract IMP Power will supply EHV Transformers of 132 and 220 kv Read More...
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23 October 2007
Sales Centeres & Advertising prime factors in Property Buyers Decision
Sales centres and advertising are the most important factors influencing one's decision to buy a property, according to a study released by FutureBrand, a global brand consultancy firm. It said that sales environments have posted a 25 per cent rating Read More...
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23 October 2007
Parsvanth Developers will build Mega Township in Jodhpur
Delhi-based real estate major Parsvnath Developers has announced it will build a self-contained, mega township in Jodhpur. Spread over 110.4 acres the township will be called Parsvnath City. According to an official release issued by the company to the Read More...
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23 October 2007
CONSTRO 2007-Exhibition IN PUNE
Construction industry equipment manufacturers from Korea, China, Malaysia, Germany, Italy, Canada, Holland, Denmark and Dubai are expected to participate in Constro 2007, an exhibition of construction machinery, materials, methods and projects, to be Read More...
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21 October 2007
Peninsula buys property in Hyderabad for Rs 90 cr
The Ashok Piramal group's real estate arm, Peninsula Land (PLL), has purchased Rallis India's 31 acres of land at Patancheru near Hyderabad for Rs 90 crore. The acquisition, made through PLL subsidiary RR Mega Property Developers, marks the Mumbai-based Read More...
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19 October 2007
Telecom, The Next Big Thing In Real Estate
The uncertainty in the prices of property has made real estate companies to integrate into telecom. Developers want to tap the opportunities as telecom offers more revenue stability. Developers are lining up in droves to offer telecom services-or, more Read More...
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19 October 2007
Hotels Being Accommodated In Big Malls
The popularity of malls has attracted the attention of the hospitality sector as well. With the rising costs of real estate, hotels are now looking to rent space in malls and other commercial complexes. Accor Hotels and Ginger Hotels are in talks with Read More...
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19 October 2007
Grand Nirvana Resort, The Latest Affiliation To RCI
The Grand Nirvana Resort in India joins RCI, a global leader in leisure real estate. This addition has made RCI Group, the International leader in vacation exchange, as now it has 72 affiliated resorts in India. The RCI Group is proud that Grand Nirvana, Read More...
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19 October 2007
Real Estate Biggies To Compete For Prime Plot near Kolkata
A prime 5-acre plot on the edge of EM Bypass Expressway has caught fancy of Indian real estate giants. Soon, big names including DLF, Reliance Group, Emaar MGF, Indiabulls, Bengal Ambuja Realty, and Paharpur Cooling Towers will be seen competing for it. Read More...
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19 October 2007
One Of The Largest Investments Made By JP Morgan
Realty focused private equity funds are committing big money, when it comes to project financing. And so far JP Morgan's USD 360 has made its largest investment so far in an IT park in Navi Mumbai. The fund will invest Rs 100 crore or over USD 25 Read More...
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19 October 2007
Second Hand Flats Becoming More Popular In Chennai
Real estate is growing in all the metros but Chennai is not getting its fair share. This has led to stagnation in the residential market. Simultaneously, this has led to buyers opting for second hand flats as investment options. Mr Sanjay Chugh, VP - Read More...
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19 October 2007
SBI and ICICI Bank Reduces Its Rate Of Home Loans
To add more colour to the festive season, State Bank of India, has reduced interest rates on home loans by 0.5-1 per cent for different maturities. The new rates will be applicable for all new loans sanctioned on or after October 8. The scheme is valid Read More...
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19 October 2007
Prominent Growth In Indian Housing Market
According to the study conducted by HUDCO-IIM Ahmedabad every rupee invested in the real estate sector adds 78 paisa to the state's GDP. The sector will grow from $12 billion in 2005 to $90 billion in 2015. And majority of the growth is expected to Read More...
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19 October 2007
DLF Goes Abroad To Raise Funds
The biggie of the real estate sector wants to grow bigger, as DLF Ltd plans to borrow $1.5 billion overseas to fund new projects and acquisitions in the next 30 days. It will spend half of the money on buying shares in DLF Offices Trust, a Singapore based Read More...
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19 October 2007
Pucca House Still Remains A Dream For Poor
For the poor and unprivileged section of Indian Society owning a pucca house still remains a dream. Whereas the World Bank report of April 2007 shows the amazing impact of replacing dirt floors by cement floors in Mexico, adults reported 69 percent higher Read More...
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19 October 2007
Advertisers looking at your skin in a new way-Handvertising!
So you have seen advertisements from commercials to billboards. Now advertisers are looking at your skin to place their ads! Look at how this Orange County based company is getting venues to let advertisers on their customer’s hands. This is a new Read More...
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