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In a move that is expected to bring transparency to the real estate market, finance minister P Chidambaram launched the official Housing Price Index, developed by India's home loans regulator, the National Housing Bank . Named as NHB Residex, the
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Real estate giant DLF is likely to invest about Rs 1,250 crore on expanding its multiplex business, DT Cinema, by adding about 500 screens in the next four to five years. Currently, DLF is at a pre-operative stage with about seven screens. In another
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India Shining!, remember the Slogan used by BJP during its past government?, here is a BJP person who has Proved this Literally. Cinestar and BJP MP Vinod Khanna has bought a residential apartment at Malabar Hill, in the tony South Mumbai area, from Citibank
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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
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Mukesh Ambani promoted Reliance Industries Limited, Wadhwa Builders, TCG Infrastructure and Hiranandani Constructions have emerged as the leading bidders for the three Bandra-Kurla Complex (BKC) plots in Mumbai measuring 75,350 square metres. The total
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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
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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
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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
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Mumbai, India, July 05, 2007 - Indian Real estate major DLF Ltd saw its stock close at a 8.6% premium to the IPO price of Rs.525 on the first day of trading on the BSE. The stock saw a low of Rs.505.60 and a high of Rs.714.25 on opening day. DLF is already
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This year will see international luxury brands like Gucci, Armani, Versace, Dolce & Gabbana etc. set shop in India, inside malls that will be exclusively catering to upscale, premium lifestyle brands. With 4-5 luxury malls coming up in India, a deluge
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Bombay Dyeing is foraying into hospitality with two hotels at Worli and Dadar in Mumbai. The company is in talks with Starwood Hotels & Resorts, for its brands like Sheraton, W Hotels and St Regis. Bombay Dyeing is also talking to Peninsula Hotels,
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Reliance Industries is in too much of a hurry on its Special Economic Zone (SEZ) projects, if the Maharashtra government officials are to be believed. Land acquisition is always a touchy issue and the company could have tried to demonstrate what it could
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New Delhi April 2 Find a soul mate, walk into a mall and get out married. Welcome to the new age of speciality malls. With the objective of differentiating themselves from the intense competition, mall developers are setting up malls that offer products
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Power supply to plush shopping malls, stadium floodlights and city hoardings, has become dearer as the Maharashtra Electricity regulatory Commission (MERC) has proposed a steep tariff hike. MERC in its order on the annual revenue requirement (ARR) and
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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
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