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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 four to five years time, the target is to have 500 screens across India. By September this year, ...

DLF, Nitesh Estates and HDFC Realty are amongst the bidders reportedly in the fray to acquire NRI tycoon C Sivasankaran’s Beacon House, located off the upmarket Cenotaph Road in the heart of Chennai. The 3-acre property, a former residence of UB Chairman Vijay Mallya when he controlled Best & Crompton (B&C), may fetch as high as Rs ...

 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 joint venture with Supra Estates, to develop the 10 acre plot (450,000 sq ft) into a ...

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 - Transaction Mgmt Services, Jones Lang Lasalle Meghraj says, The buyer feels that if one is ...

CHENNAI: Cognizant Technology Solutions said it will invest an additional $100 million in India, taking its total investment in the country to $300 million over the next two years. The IT and BPO major said the additional investment will be used to expand its new Chennai campus — located in a special economic zone — which ...

MUMBAI: J P Morgan Property Fund, which has mobilised over $300 million to focus on the Indian real estate, is going to set up a residential project in Chennai at an estimated cost of Rs 400 crore. Chennai-based realty developer Arihant Foundations and Housing will develop the residential property, spread over 45 acres of land, in a joint ...

Chennai: Chennai's ETA Star Property Developers Limited, part of $4 billion turnover ETA Ascon group based in Dubai, is holding discussions with two US and two European investors to offload an approximately 40-per cent stake. The stake sale will help finance its real estate development projects in the pipwline. The Tamil Nadu Industrial ...

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 of international lifestyle brands is set to descend upon the country this year. According to ...

Earmarks Rs. 1,000 crore for various schemes Project to be executed in a phased manner Has a JV with Keppel Land of Singapore CHENNAI: Mumbai-based real estate developers Puravankara Group has earmarked Rs. 1,000 crore for various projects it proposes to take up in and around Chennai. The company had already disbursed Rs. 500 crore for its various ...

Appu Hotels Ltd. that owns Le Royal Meridien, a five-star deluxe hotel in Chennai is planning to set up around 10 hotels across the Tamil Nadu in next three to four years. "Of the ten, two or three will be in the five-star category and the rest will be in the mid-priced (three or four-star) segment. According to Palani G. Periasamy, Chairman, ...

NEW DELHI — Once a piece of land has been duly acquired by the government under the Land Acquisition Act, it becomes the sole property of the state, India’s apex court has held.  Even if the purpose of the acquisition no longer exists, the state can dispose of the same to anyone for the market value, a Bench of Justices C.K. ...