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December 2007 - Posts

13 December 2007
ETA Star to Invest Rs.1,500 crores in Mumbai
Chennai-based real estate developer ETA Star Property Developers, a part of $4 billion ETA Ascon group based in the UAE, will build a Rs 1,500 crore mall in Mumbai's Juhu area. The construction work will begin in January 2008. ETA has formed a 50:50 Read More...
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13 December 2007
ICICI Launches Real Estate Security Fund
ICICI Prudential Mutual Fund recently launched its real estate securities fund, which is the first real estate mutual fund in India. The new fund offer is open for subscription from November 15 to December 14, 2007. The fund will invest 51 per cent of Read More...
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13 December 2007
US $ 250 million. India Focussed Realty Fund by Knight Frank
In the first of its kind among property consultants, the UK-headquartered Knight Frank Group will launch a $250 million India-focused real estate fund. According to sources the offshore fund will raise investments from high net worth individuals and other Read More...
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13 December 2007
IT Companies Trickle to Tier III Cities
In view of the appreciating rupee, high wages and increasing real estate prices, big, medium and small IT firms have made a successful entry into tier-II cities. Encouraged by their progress, many small IT firms are now exploring tier-III cities such Read More...
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13 December 2007
Knowledge City to be set up in Visakhapatnam
Unitech Ltd has come to an agreement with the Andhra Pradesh government to set up the Vizag Knowledge City on 1,750 acres of land near Vishakapatnam, for which it will pay Rs 3,328 crore over a ten-year period. At Rs 52 lakh per acre, it may not be the Read More...
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13 December 2007
Piramal Group Enters the Real Estate Market
Piramal Enterprises, part of the Ajay Piramal Group, is planning to develop properties in Mumbai's central and northern regions. The company has set up a joint venture (JV) with Sunteck Realty, Mumbai-based real estate developers. The move comes close Read More...
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