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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...
ADAG, Sobha team to build India's tallest building
A consortium lead by ADAG Group company Reliance Energy and Bangalore-based Sobha Developers has succeeded in their bid to build India’s tallest building ever built. Sources said, APIIC Towers, will be developed on 78 acres of land in Manchervelu Read More...
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...
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...
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...
China Vs India: Whose Real Estate Market Wins?
There is no doubt that there are several similarities between India and China in terms of GDP growth, residential property boom, organized retail malls and improving lifestyle. Both the countries are undergoing large economic expansion and envisage political Read More...
New authority is being set to examine land requirements of SEZ
Even as the row over land acquisition for industrial projects rages, a new authority is being set up to vet land requirements of SEZ projects. The move is aimed at preventing SEZ projects from turning into real estate ventures. The rural development ministry Read More...
Reliance Industries is in hurry on its Special Economic Zone (SEZ) projects
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 Read More...