Search results matching tag 'Gurgaon'

NBG-HUDA Presents International Realty Exhibition On 7th, 8th and 9th April 2007

233134 — Mon, 16 Apr 2007 11:11:00 GMT

National Builders Guild (NBG) in association with HUDA is presenting an international real estate exhibition at Gurgaon, Haryana. NBG is the apex national self regulatory body representing all spheres of enterprises engaged in various aspects of real estate development which includes land development, layout planning and construction, provision of urban & social infrastructure.
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Work on widening Gurgaon-Sohna Road to start by April 11: HUDA

475368 — Wed, 11 Apr 2007 09:00:00 GMT

Gurgaon, April 9: THE Haryana Urban Development Authority (HUDA) today said work on the long-delayed project to widen the Gurgaon-Sohna Road will begin later this week.

The road was scheduled to be completed by December 31, 2006, according to a board put up at the Tau Devi Lal Stadium in Sector 38 on Sohna Road. The work was scheduled to begin in February 2006. “The work on the road will start on April 11,” said SP Gupta, Administrator HUDA. He said HUDA plans to complete the work in 10 months.

Source: http://cities.expressindia.com

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HighCourt jolt to Gurgaon landsharks

233134 — Wed, 11 Apr 2007 07:27:00 GMT

Statesman News Service
CHANDIGARH, April 10: In order to protect the interests of a Gurgaon-based family, whose agricultural land worth over Rs 500 crore was being allegedly usurped by landsharks, Mr Justice Surya Kant of the Punjab and Haryana High Court has constituted a special investigating team (SIT) headed by the Inspector-General (Crime Branch) to probe into the matter.
The court has also taken strong note of the fact that majority of members of the family whose land had been fraudulently taken over by the alleged mafia are deaf and dumb since birth. In its attempt to take over the land, the criminals, who were masquerading as property dealers, had even kidnapped members of this family. The name of independent MLA from Ateli, Mr Naresh Yadav, also figures in the court order.
In his hard-hitting order, Mr Justice Surya Kant has also said: “This court hopes and trusts that notwithstanding the pulls and pressures, Mr KK Sindhu, IGP (Crime Branch), Haryana, will ensure that a fair, impartial and dispassionate investigation is promptly carried out.”
Not only this, the judge has also given liberty to the SIT to subject all accused to custodial interrogation. “The SIT shall not show even the slightest reluctance in arresting the MLA or his associates also in this regard,” Mr Justice Surya Kant has ordered. The entire drama began when Mrs Sita Devi, whose husband is joint owner of the 60-65 acres of prime land in village Narungpur, which is now part of the National Capital Region (NCR), lodged a complaint with the Manesar police on 15 February. In her complaint, she alleged that some members of the family, including her husband, were kidnapped by land grabbers, who forced them to sell their land worth crores for peanuts.
The per-acre market value of land in the area is over Rs 6-7 crore these days. Not only this, the accused even forced the physically challenged members of the family to withdraw from banks crores of rupees received by them as advance against sale consideration.

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Omaxe to Set Up Wedding Malls

233134 — Tue, 10 Apr 2007 07:06:00 GMT

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 and services catering to specific needs.

Wedding malls

Omaxe Ltd is setting up `Wedding Malls' that will offer `mehendi' and `teeka' artists, `pundits' to solemnise the nuptial ties and halls where parties can be hosted. Even travel desks to take care of honeymoon package requirements. "Consumers now want value-added differentiated products and these malls would cater to just that," said Mr Arvind Parakh, CEO-Corporate Strategy and Finance, Omaxe Ltd.

Apart from three Wedding Malls, Omaxe is also setting up a property to sell only home and office interiors.

On cards are dedicated mall for automobiles and another one for health and beauty, both in Gurgaon, according to an ICICI-Technopak study. Malls for hardware and software in Bangalore and healthcare in Kolkata are operational, according to the study.

'The conversion rate for customer walk-ins into sales are as high as 70-80 per cent in this kind of malls as compared to 8-10 per cent in regular malls,' said Mr Ashish Gupta, Vice-Chairman and Joint Managing Director, Aerens Gold Souk Group.

The customers at his Gold Souk, chain of malls selling only jewellery, are repeat customers, he adds. With high conversion rates, a lot of irrelevant costs such as electricity and cost of maintaining urinals are also taken care of.

It also makes business-sense as it is easier to get tenants in such a mall. 'We had to sell the Gold Souks really hard in the beginning but now retailers understand and it is easier to rope them in,' said Mr Gupta. The Aerens Gold Souk Group is extending this concept by setting up larger malls that will have exclusive zones for jewellery, retail products, luxury goods and entertainment with separate entrance and exit for each zone. While the profile of this kind of malls existed, the format is new, says Mr Gupta. There are localities popular for products such as furniture and jewellery in each city, but bringing them under one roof is the new format, explains Mr Gupta.

The Delhi-based GTM Group plans to set up 10-12 malls across the country that will house only educational institutions. To start with, the Group is constructing a mall in Jaipur that will bring together 60 colleges and institutes. This concept has been popular in the developed countries and it holds promising prospects in the long run in India too, says Mr Parakh.

Taken from Business Line

thehindubusinessline.in

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