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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, ...

Berggruen Holdings is a private company, with interests in private equity, stocks and bonds, hedge funds, art and real estate. Berggruen Holdings is a New York-based fund which manages proprietary capital worth over $1.5 billion, plans to invest over $300 million in India over the next three years in hospitality, real estate, education, ...

The State Government has given its approval for setting up two integrated townships and three Special Economic Zones (SEZs) on the outskirts of Bangalore city. This was decided at the 15th State High Level Clearance Committee meeting held on Thursday. Though the promoters are yet to get consent from land owners regarding the transfer of land ...

The Supreme Court today stayed an Election Commission order which had put the brakes on the the Bangalore-Mysore Expressway Infrastructure Project in Karnataka. The multi-crore corridor project, estimated to cost over Rs 1,500 crore, is aimed at providing an 111-km expressway connecting Bangalore and Mysore. It will also be dotted by five ...

The State Government is all set to improve the road network in Bangalore to enable faster movement of motor vehicles, and towards this end it is expected to clear a nearly Rs. 2,800-crore project to construct an elevated expressway linking Bangalore South (Madivala) with Bangalore North (Hebbal) and another elevated road to link Bangalore East ...

With BJP coming to power you can expect a lot of things in Bangalore Infrastructure, the First positive sign was NICE project, the work near Gottigere lake will begin soon completing the Corridor which was halted by earlier Government for Personal reasons, read on this article explaining Political Development in Karnataka. "A new era ...

The Prestige Group, leading property developers, will be setting up a luxury resort hotel here in association with Marriott International at a cost of Rs 800 crore. The 300-room property, with a golf course and ultra luxurious villas set against the backdrop of the Nandi Hills, will be ready for occupation in three years. The hotel will be managed ...

ANZ National Bank Ltd., New Zealand's biggest lender, plans to move some operational and processing work to Bangalore over the next 18 months.By the end of 2009 about 5 percent of the bank's work will have moved to the Indian city, Wellington-based ANZ National said today in a statement e-mailed to Bloomberg News. Bank unions estimate ...

Phoenix Mills Ltd has announced that the Company has invested in Palladium Constructions Pvt Ltd and Platinum Hospitality Services Pvt Ltd, 2 project specific SPVs, which have in turn acquired, a parcel of land admeasuring 67,735 sq. mtrs at Rajaji Nagar, Bangalore. Phoenix will own 70% stake in both the Companies. The cost of the land including ...

BWSSB says this will not hit supply to northern and western areas of Bangalore The agreement is subject to water availability in the river sourceWater will be sold at Rs. 66 a kilolitre to BIAL in addition to monthly charge of Rs. 1.20 lakhWhile a cloud of uncertainty hangs over several issues concerning the international airport at Devanahalli ...

With only 30 days to go for the inauguration of the much hyped International Airport in Devanahalli in Bangalore, Hyderabad International airport which is going to open for commercial operations much ahead of Bangalore will surely give some competition to Bengaluru airport. The Hyderabad airport will be connected to USA, UK, Amsterdam, Singapore, ...

Software giant Infosys Technologies has acquired 300 acres of land near Sarjapur in Bangalore at market prices to build a second campus in the city. Bangalore, the company's largest centre, is expected to seat 25,000 employees by March this year.According to news reports, the company has bought the land directly from the market without state ...

In his budget speech, deputy chief minister B S Yeddyurappa made big promises to the IT city. He offered an underground expressway from Minsk Square to Hebbal Flyover that would enable commuters to zip to the new Bangalore International Airport (BIA) in about 20 minutes. He also proposed an elevated expressway from Brigade Road to Central Silk ...

Like it or not. This is how the Bangalore Metro Rail Corporation (BMRC) would be starting the New Year: Demolitions. But the “destruction” is only to give the City its most sought after infrastructure: the Metro rail. And the first building that will be reduced to rubble will be the police quarters on Old Madras Road. The demolition ...

Hosur Road Elevated Expressway

Rs. 900 crore to be spent on unwiredBangalore projectVision group set up for nanotechnology sector Bangalore is set to offer unhindered wireless Internet access to the entire Greater Bangalore within 18 months. With this, Bangalore will be the second wireless city after Taiwanese capital Taipei. “Project Unwired Bangalore has just been ...

Even as land available for agriculture is rapidly shrinking with the unprecedented boom in real estate business, the Bangalore Urban Zilla Panchayat has drawn up a whopping Rs. 629 crore agricultural draft plan to seek funds from the Rastriya Krishi Vikas Yojana (KRVY) of the Centre during the 11th Five Year Plan (2007-12). Interestingly, the ...

Come November, the Metro Rail project will enter a more visible phase. The Bangalore Metro Rail Corporation (BMRC) will begin erecting piers above the ground level on M G Road. However, the work along Old Madras Road is bound to suffer a delay of four weeks due to a litigation pending before the Supreme Court over land acquisition. Said V Madhu, ...

Whether you are planning to buy your first home or sell your existing home, contact us today!  We'd love to hear from you!The controversial Bangalore Mysore Infrastructure Corridor (BMIC) project is likely to move forward again.Chairman and Managing Director of Nandi Infrastructure Corridor Enterprise Ashok Kheny met Governor Rameshwar ...

B.S.R. Engineering & Development Ltd. is in the midst of advanced negotiations to purchase land earmarked for the construction of 3,000 housing units in Bangalore, India, Yedioth Ahronoth reported Monday.  The deal, which is estimated at tens of millions of dollars, is expected to be finalized in the coming days, the report ...

70 buildings on primary drains(Raja Kaluve) razed in Bangalore cityThe drive was launched on SaturdayAreas in three zones covered on MondayStructures that encroached upon the primary drains and caused the deluge on the festive weekend throwing life out of gear are being razed by heavy machinery and men deployed by the Bruhat Bangalore ...

Bangalore based Adarsh Developers will be developing Asia Pacific luxury hotel group, Shangri La's two new hotels in Bangalore. Still under construction, both properties are slated for completion by early 2009. According to B M Jayeshankar, chairman and managing director, Adarsh group the properties will be developed at an investment of Rs 750 ...

Twenty-four buildings stood bang on the raja kaluve of Nayandahalli Lake and were the main reason for flooding on the Mysore Road during the October 2005 downpour. While many areas in south, east and south-west were marooned, the Mysore-Bangalore highway was closed for two days. On Thursday morning, armed with men and machinery, the district ...

A huge Rs 25,000-crore investment in the form of 11 integrated townships for IT, BT and ITES sectors is on its way in Bangalore. In a major boost to IT and the real estate sector, the Karnataka government has given the green signal to 11 local, national and international developers to set up mega townships in the city. The state high-level ...

The key infrastructure linking the upcoming international airport near Devanahalli and Bangalore city appears to be bogged down owing to bureaucratic delay with no clear direction for the speedy implementation of the proposed project.Official sources admitted that work on the proposed high-speed elevated rail link between Bangalore city and the ...

It will run 39 trains each with three coachesThe first train is scheduled to run in March 2010 Bangalore Metro Rail Corporation (BMRC) is getting ready to identify companies that build and deliver 117 air-conditioned, disabled-friendly coaches at a cost of more than Rs. 760 crore to begin with.The plan is to run 39 trains each with three ...

When you travel in the Metro in 2011, you will be silently contributing to the reduction of global warming. You will also be helping the Bangalore Metro Rail Corporation Limited (BMRCL) earn a fortune by trading carbon bonds.The BMRCL hopes to acquire “lakhs” of carbon bonds from United Nations Framework Convention on Climate ...

Joining the big league of property developers who have ventured into hospitality, Mumbai-based Phoenix Mills has said it will set up a 30-storeyed luxury hotel at Lower Parel, Mumbai. A subsidiary - Pallazzio Hotels and Leisure - will develop the property, while Hong Kong-based Shangri-La will manage the hotel. The property - to be named The ...

US-based Ixia , a provider of performance test systems for IP-based infrastructure and services, today opened a research and development and customer support centre in Bangalore. The facility would work on development of next generation IP performance testing solutions and act as a certification lab besides providing customer support ...

German software firm SAP has opened a new facility in Bangalore with a capacity to seat over 2,000 employees as part of its future strategy. "This new facility is both a sign of SAP's acknowledgement of the breadth and quality of work being delivered by our colleagues in India, and our commitment to deepen our ...