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April 06, 2008

Trikona TC extends its partnership with German fund manager | INRnews

London, UK, April 01, 2008 - Trikona Trinity Capital PLC (AIM: TRC), a fund created for investing in Indian real estate and infrastructure, and managed by Trikona Capital, extends its strategic partnership with SachsenFonds Holdings GmbH ("SF"), a leading German fund manager with €4.7 billion of assets under management, by signing a Memorandum of Understanding (MoU) with a transaction value worth approximately £80 million. Under the terms of the MoU, SF will acquire certain assets from Trikona TC and co-invest in new projects.

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April 05, 2008

Pantaloon Retail Launches Big Bazaar in Ranchi | INRnews

Ranchi, India, April 05, 2008 - Pantaloon Retail (India) Limited, part of the Future Group, today announced the launch of its flagship hypermarket retail store – Big Bazaar – in Ranchi city. This is the second Big Bazaar in Jharkhand region and the first biggest store with 80,000 sq.ft area in East Zone for the company.

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April 04, 2008

BuildArch 2008 and Build Up 2008 Announced in Mumbai | INRnews

Bangalore, India, April 04, 2008 - Bangalore International Exhibition Centre (BIEC), The Confederation of Indian Industry (CII) and Deutsche Messe, Hannover, Germany (DMAG) have announced the institution of BuildArch 2008 and Build Up 2008, India's Comprehensive International Exhibition and Conference scheduled to be held in October at the Bangalore International Exhibition Center (BIEC), Bangalore. The event to be held from 21st - 24th October 2008 has been envisaged as India's most Comprehensive International Exhibition and Conference on Architecture, Building and Construction, Property Investments and Development Opportunities on a global scale. This is the first time that these three organisations have joined hands to conduct an exhibition.

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Parsvnath Developers appoints Sunil Malhotra as CFO | INRnews

New Delhi, India, April 04, 2008 - Parsvnath Developers Limited, India’s leading real estate developer with diversified portfolio, has announced the appointment of Mr. Sunil Malhotra as CFO with effect from March 28, 2008 in place of Mr. Ravi S. Pani, who has since resigned.

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Indiabulls Power Generation awarded LoI for Chhatisgarh power project | INRnews

Mumbai, India, April 04, 2008 - Indiabulls Real Estate Ltd has announced that Indiabulls Power Generation Ltd (IPGL) has been awarded the Letter of Intent for Bhaiyathan Thermal Power Project (Bhaiyathan TPP) in Chhattisgarh state by Chhattisgarh State Electricity Board (CSEB).

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April 03, 2008

REITs To Grow Globally At US$ 1400 Bln.: ASSOCHAM-CRISIL | INRnews

Mumbai, India, April 03, 2008 - The Real Estate Investment Trusts (REITs) would have potential to hold at least 5% share of the total global real estate market by 2010, the size of which would turn to US$ 1400 billion in next 3 years, according to joint Paper prepared by the ASSOCHAM and CRISIL.

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Builders protest against steep hike in steel prices | INRnews

Mumbai, India, April 03, 2008 - 'The Builders’ Association of India (BAI), an All India Association of Engineering Construction Contractors, today strongly protested against the  unprecedented rise of over 32 per cent in price of steel  in the last three months and expressed doubts about completion of time-bound projects connected with Commonwealth Games-2010 and other projects.

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April 02, 2008

TCS launches development of new 20,000-seat campus in Pune | INRnews

Pune, India, April 02, 2008 - 'Tata Consultancy Services, (TCS) (BSE: TCS.BO, NSE: TCS.NS), a leading IT services, business solutions and outsourcing organization, today announced the commencement of construction at its largest development centre, TCS Sahyadri Park located in Hinjewadi, Pune, Maharashtra.

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Real Estate TV signs agreements with Cable Networks | INRnews

New Delhi, India, April 02, 2008 - 'Real Estate Television, India’s first 24x7 channel dedicated to Real Estate and Infrastructure, is now available in all metros and major cities across the country, it was announced here today.

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Real Estate TV signs agreements with Cable Networks | INRnews

New Delhi, India, April 02, 2008 - 'Real Estate Television, India’s first 24x7 channel dedicated to Real Estate and Infrastructure, is now available in all metros and major cities across the country, it was announced here today.

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Raheja Developers performs Bhoomi Pujan for expo mall in Panipat, Haryana | INRnews

Panipat, India, April 02, 2008 - Raheja  Developers has announced that the comapany has performed BHOOMI PUJAN of Block A of “RAHEJA EXPO-MALL” at Panipat on April 02, 2008. This marks the beginning of construction of fully equipped commercial complex that integrates world-class infrastructure with the peaceful ambience of a small mordern town.

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Nagarjuna Construction - NCC Infra & Maytas Infra to develop Gulbarga and Shimoga airports | INRnews

Bangalore, India, April 02, 2008 - Nagarjuna Construction Company Ltd has announced that NCC Infrastructure Holdings Ltd and Maytas Infra Ltd, Hyderabad based construction and infrastructure development Companies on April 02, 2008 announced that they have signed a Project Development Agreement (PDA) with the Infrastructure Development Department (IDD), Government of Karnataka to develop and operate airports proposed at Gulbarga and Shimoga on a BOT basis.

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Era Infra secures construction orders | INRnews

Mumbai, India, April 02, 2008 - Era Infra Engineering Ltd has announced that the Company has secured an order valued at approximately Rs 4 crore from Jeet builders Pvt Ltd for supply of Ready Mix Concrete (RMC) for the construction of multi storied residential complex at Greater Noida.

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Era Infra secures construction orders | INRnews

Mumbai, India, April 02, 2008 - Era Infra Engineering Ltd has announced that the Company has secured an order valued at approximately Rs 4 crore from Jeet builders Pvt Ltd for supply of Ready Mix Concrete (RMC) for the construction of multi storied residential complex at Greater Noida.

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Era Infra secures construction orders | INRnews

Mumbai, India, April 02, 2008 - Era Infra Engineering Ltd has announced that the Company has secured an order valued at approximately Rs 4 crore from Jeet builders Pvt Ltd for supply of Ready Mix Concrete (RMC) for the construction of multi storied residential complex at Greater Noida.

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April 01, 2008

Emaar MGF ties-up with Marriott International | INRnews

New Delhi, India, April 01, 2008 - Emaar MGF, one of India’s leading real estate developers, has partnered with Marriott International Inc., a leading international hospitality company, to design, construct and equip luxury-branded JW Marriott Hotels in New Delhi, Hyderabad, Kolkata and a ‘Courtyard by Marriott’ hotel in Amritsar, entailing total investments of over USD 400 million. The hotel projects are likely to be completed by 2010-end.

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Consumers rate Raheja Builders as pioneers in real estate | INRnews

New Delhi, India, April 01, 2008 - '360 Degrees presents 2nd Annual Living Awards 2007', the biggest ever consumer rated awards in residential real estate, Raheja Builders has been rated as the Most Preferred Brand in Residential Real Estate for providing the unique experience of an ultimate home in the western India. The awards were presented by Hon'ble Member of Parliament, Mr. Rajiv Shukla, at Tivoli Garden, New Delhi. The awards were based on the largest brand rating survey conducted by AC Nielsen ORG MARG in residential real estate and other allied house related products/services targeting 5,000 respondents in India.

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@home opens in Coimbatore | INRnews

Coimbatore, India, April 01, 2008 - The beautiful city of Coimbatore has off late been buzzing with multiplexes and malls galore. With these changing trends, aspirations & desires, ‘@home’ – the country’s premier and pioneering mega home store chain from the Nilkamal Group – has opened in Coimbatore and to a great response.

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Godrej Agrovet, Future Ventures form JV for rural retailing | INRnews

Mumbai, India, April 01, 2008 - Godrej Agrovet Limited and Future Ventures India Limited announced today that they have entered into a joint venture agreement for rural retailing. Future Ventures India Limited, a Future Group company, will own a 70% stake in Aadhaar Retailing Limited, with the rest owned by Godrej Agrovet Limited.

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March 31, 2008

New brand identity of Trident Hotels announced | INRnews

Mumbai, India, March 31, 2008 - The new brand identity of Trident Hotels was launched today.  ‘Trident Hilton’ hotels located in Gurgaon (Delhi National Capital Region), Agra, Jaipur, Udaipur, Cochin, Bhubaneswar and Chennai have been rebranded ‘Trident’.  ‘Hilton Towers’ in Mumbai is now ‘Trident, Nariman Point, Mumbai’.

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New brand identity of Trident Hotels announced | INRnews

Mumbai, India, March 31, 2008 - The new brand identity of Trident Hotels was launched today.  ‘Trident Hilton’ hotels located in Gurgaon (Delhi National Capital Region), Agra, Jaipur, Udaipur, Cochin, Bhubaneswar and Chennai have been rebranded ‘Trident’.  ‘Hilton Towers’ in Mumbai is now ‘Trident, Nariman Point, Mumbai’.

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New brand identity of Trident Hotels announced | INRnews

Mumbai, India, March 31, 2008 - The new brand identity of Trident Hotels was launched today.  ‘Trident Hilton’ hotels located in Gurgaon (Delhi National Capital Region), Agra, Jaipur, Udaipur, Cochin, Bhubaneswar and Chennai have been rebranded ‘Trident’.  ‘Hilton Towers’ in Mumbai is now ‘Trident, Nariman Point, Mumbai’.

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IFC establishes Infrastructure Advisory Facility | INRnewsIFC establishes Infrastructure Advisory Facility | INRnews

Mumbai, India, March 31, 2008 - IFC, a member of the World Bank Group, together with multilateral and bilateral donors, has established an infrastructure advisory facility to help the South Asia region develop bankable infrastructure projects, largely through public-private partnerships. This reaffirms IFC's strategic focus on infrastructure, one of the sectors where IFC is needed most.

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M&M signs MoU with Govt of Maharashtra to invest Rs 1500cr in greenfield project | INRnews

Mumbai, India, March 31, 2008 - Mahindra & Mahindra, the leading Indian multinational, reputed for its association with the Indian automotive industry for 62 years, today signed a Memorandum of Understanding (MoU) with the Government of Maharashtra to further boost their investment at its upcoming Chakan Greenfield project.

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Tata Motors signs MoU with Govt of Maharashtra for Pune expansion | INRnews

Pune, India, March 31, 2008 - Tata Motors and the Government of Maharashtra today announced the signing of a Memorandum of Understanding (MoU) which will facilitate the proposed expansion of manufacturing plants and setting up vehicle testing facilities in Pune.

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Progress on leasing and sales shows robust demand for Ishaan's real estate portfolio | INRnews

Mumbai, India, March 31, 2008 - Ishaan Real Estate Plc ("Ishaan") is pleased to announce the leasing and pre-letting of a further 577,000 sq. ft. of office and retail space, increasing the total area of leased and pre-let space in its commercial and retail development projects to 2.4 million sq. ft. Tenants have also exercised options for 232,000 sq. ft. of the commercial space in its Mindspace developments in Navi Mumbai and Hyderabad.

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GMR Infrastructure - DIAL ties up with Indraprastha Apollo Hospital for medical facilities at Delhi Airport | INRnews

New Delhi, India, March 31, 2008 - GMR Infrastructure Ltd has informed BSE that Delhi International Airport Pvt Ltd (DIAL), subsidiary of the Company has selected Indraprastha Apollo Hospital to provide medical facilities in line with its commitment to providing superior medical facilities to air passengers and employees at Indira Gandhi International (I.G.I) Airport.

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Construction starts on Eredene Capital’s low-income mass housing project near Mumbai | INRnews

Mumbai, India, March 31, 2008 – Eredene Capital PLC (AIM: ERE), the AIM quoted investor in Indian infrastructure and real estate, today announces that construction has begun on its joint venture low-income housing project near Mumbai following a ground breaking ceremony at the first of its greenfield sites. This is the first phase in the planned construction of approximately 185,000 affordable homes within commuting distance of the city over the next 10 years.

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March 28, 2008

Kalpataru Const launches residential project in Aundh Annexe, Pune | INRnews

Pune, India, March 28, 2008 - Kalpataru Constructions announces the launch of Kalpataru Estate, a premium and novel project for the city of Pune in Pimple Gurav, Aundh Annexe on 27th March 2008. As an extension to their several landmark constructions in Mumbai and Pune, now Kalpataru Estate will be yet another well designed and modern residential project – a haven of luxurious space and sunshine, surrounded by true natural beauty, accompanied with all state-of-the-art amenities.

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March 27, 2008

Additional FSI for hospitals will bring down healthcare cost in Tamil Nadu | INRnews

Chennai, India, March 27, 2008 -  "The Government of Tamil Nadu should hike the Floor Space Index (FSI) for hospitals and healthcare institutions from the current 1.5 to 5 to bring down the rising healthcare cost, increase number of beds and healthcare talent pool of the State," urged Dr Prathap C Reddy, Chairman, CII National Committee on Healthcare & Chairman, Apollo Hospitals Group. "The relaxation in FSI will allow hospitals and institutions create more infrastructure in the same premises. They do not have to invest as much as 40-50% of the project cost in acquiring new lands. Instead they can invest directly in healthcare equipments or human resources and reduce healthcare cost," he pointed out.

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Allahabad Bank cuts lending rate by 25 bps | INRnews

Mumbai, India, March 27, 2008 - Allahabad Bank, one of the leading nationalized banks of the country, has decided to cut its Benchmark Prime Lending Rate (BPLR) by 25 basis points (0.25%) from the present rate of 13.25% to 13.00% with effect from 1st April, 2008. The reduction in BPLR has been announced having regard to present market scenario and the need to provide credit to productive sectors at affordable rate.

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March 25, 2008

Subhiksha Mobile crosses 50-store mark in Hyderabad | INRnews

Hyderabad, India, March 25, 2008 - Subhiksha, India's largest mobile retailer has reached the coveted 50th-store mark in Hyderabad. The 50th store in Hyderabad was opened in the up-market area of Vikrampuri.  Customers in Hyderabad no longer have to travel long distances to purchase their favourite mobile, with 50 stores and growing in numbers by the day -there is a Subhiksha mobile store in every locality in Hyderabad.

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BT sets up Global Operations Centre in Gurgaon, India | INRNews

Gurgaon, India, March 25, 2008 - BT today announced the opening of its Global Operations Centre at Gurgaon, India, in presence of Sir Mike Rake, Chairman, BT Group and Ben Verwaayen, CEO - BT Group among other BT executives.

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Satra Properties acquires retail property in Jodhpur | INRnews

Jodhpur, India, March 25, 2008 - Satra Properties India Ltd has announced that the Company has signed DEED OF ASSIGNMENT for prime Retail property in Jodhpur Rajasthan.

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March 24, 2008

Omaxe starts construction of Omaxe Royal Residency in Ludhiana | INRnews

Ludhiana, India, March 24, 2008 - Omaxe, India’s leading real estate developers, today announced the start of construction of recently launched and immensely successful ‘Royal Residency with Spa Village’ in Ludhiana. Spread over meticulously landscaped area of 36 acres, Omaxe Royal Residency is first of its kind luxury apartments and penthouses with Spa Village on the most preferred & up-market destination of Pakhowal Road in Ludhiana. It is a luxurious self contained complex which provides an ideal environment to live, work, play. Set apart for the elite, Royal Residency has everything that spells class, comfort and convenience.

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March 23, 2008

Corporate majors optimistic on Retail , line up Investments over Rs. 1 lakh crore | INRnews

New Delhi, India, March 23, 2008 - As investment rate of 36.3 per cent is driving the Indian growth story, the corporate retailers across the country have announced investments plans amounting to Rs. 1,31,804 crore in past 6 months, for expanding their network of stores by the next four-five years to cash in the retail boom, according to the ASSOCHAM Investment Meter (AIM).

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GMR Infrastructure - GHIAL gets clearance to commence operations at Hyderabad Intl Airport | INRnews

Hyderabad, India, March 23, 2008 - GMR Infrastructure Ltd has informed BSE that GMR Hyderabad International Airport Ltd (GHIAL), a subsidiary Company had received notification from Ministry of Civil Aviation (MoCA) to commence commercial operations at Rajiv Gandhi International Airport, Shamshabad, Hyderabad from 0001 hours on March 23, 2008.

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March 19, 2008

SRUIL to construct LEED Platinum rated residential tower in Worli, Mumbai | INRnews

Mumbai, India, March 19, 2008 - IGBC, (Indian Green Building Council); which is part of CII (Confederation of Indian Industry); announced today that Shree Ram Urban Infrastructure Limited (SRUIL) is building India's first ever Green residential building at Worli, Mumbai. Entitled 'Palais Royale', this project will be India's first residential building aspiring to achieve the prestigious LEED Platinum rating. One of IGBC's main objective is to ensure that the real estate industry in India migrates to creating benchmarks in Green Buildings across all realty formats.

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March 14, 2008

Kerala CM to inaugurate L&T Tech Park at Kochi | INRnews

Kochi, India, March 14, 2008 - The Hon’ble Chief Minister of Kerala, Shri. V.S. Achuthanandan, will inaugurate ‘Tejomaya’ – phase I project of L&T Tech Park and will also launch the work for its proposed phase II project – ‘Signature Tower’.   Both the projects are located in the Infopark campus at Kakkanad, Kochi.

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KSL & Industries to develop 15 properties across India | INRnews

Mumbai, India, March 14, 2008 - KSL and Industries Ltd., Mumbai-based leading textile and yarn manufacturer has embarked on a major expansion to develop real estate on a pan-India basis.

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Now 24x7 telemedicine services for residents of select Mantri Developers homes | INRnews

New Delhi, India, March 14, 2008 - For the first time in India, Mantri Developers Pvt. Ltd. has tied up with Apollo Hospitals Ltd. to provide quality health care services 24 x 7 through Telemedicine to residents of select Mantri homes, using contemporary state of the art technology. Residents will now be able to harness the power of interconnectivity to obtain instant diagnosis from an expert panel of doctors associated with Apollo Hospitals. This historic service will be first introduced in Mantri Espana, a Super Luxury residential complex located at Sarjapur, Outer Ring Road, Bangalore.

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March 12, 2008

Ansal API- Giving Kurukshetra a modern makeover | INRnews

New Delhi, India, March 12, 2008 - Ansal API in its endeavour to provide the best real estate solutions and redefining lifestyle standards in Kurukshetra has introduced one of its kind, truly luxurious and epic township- “Sushant City- Kurukshetra”. Located strategically on the NH-1, the township is spread over an area of 200 acres with, malls, local shopping centres, schools, hospitals, jogging tracks, parks, club, community centre etc.

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March 11, 2008

CEAT sells 7 acres land in Bhandup for Rs 130 crore | INRnews

Mumbai, India, March 11, 2008 - CEAT Ltd, the flagship company of the 13, 500 crore RPG Group and one of India’s leading tyre manufacturers has today signed an agreement with M/s. Ashford InfoTech Limited for development of a vacant portion of about 7 acres of land located at Village Road in Bhandup, Mumbai.

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Hiranandani Group announce Multiservices SEZ in Hyderabad | INRnews

Hyderabad, India, March 11, 2008 - Mumbai’s leading real-estate developers Hiranandani Group of companies have announced their plan to develop first of its kind 250 acre integrated ‘Hiranandani Upscale, Multiservices SEZ at Lahari, Hyderabad. The SEZ would be developed in association with Hyderabad based Lahari Infrastructure Ltd. Based on walk to work concept the SEZ would be integrated with vast landscaping and residential buildings apart from Schools, Hospitals and other recreational facilities. The project would require an investment of Rs 12,000 crores and would be completed in phases over a period of seven years.

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March 10, 2008

Omaxe gets NOC from Punjab Pollution Control Board | INRnews

New Delhi, India, March 10, 2008 - Omaxe, one of the India’s leading real estate companies has been granted NOC from Punjab Pollution Control Board for ‘Omaxe Greens’, - an island of serenity & peace offering low rise group housing towers over an area of  16.5 acres in Derabassi, Punjab.

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Omaxe gets NOC from Punjab Pollution Control Board | INRnews

New Delhi, India, March 10, 2008 - Omaxe, one of the India’s leading real estate companies has been granted NOC from Punjab Pollution Control Board for ‘Omaxe Greens’, - an island of serenity & peace offering low rise group housing towers over an area of  16.5 acres in Derabassi, Punjab.

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Lanco Hills gives order for construction to Sembawang Infra | INRnews

Hyderabad, India, March 10, 2008 - Sembawang Infrastructure India Pvt Ltd has bagged the order for construction of an IT Tower in the Lanco Hills Technology Park Pvt Ltd’s IT Park in the SEZ area. To this effect Lanco Hills Technology Park Pvt Ltd and Sembawang Infrastructure India Pvt Ltd today signed an agreement for execution of the structural work of Tower 9 for their prestigious SEZ IT Park.

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C & C Constructions awarded Himachal Pradesh infrastructure contracts | INRnews

Mumbai, India, March 10, 2008 - C & C Constructions Ltd has announced that the Company has been awarded two contracts amounting to Rs 202 crores from the Himachal Pradesh Road and Infrastructure Development Corporation Ltd.

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March 08, 2008

Bengaluru Int'l Airport conducts final flight trials | INRnews

Bangalore, India, March 08, 2008 - The flight trials conducted today at the Bengaluru International Airport in a near live environment heralded its operational readiness.  Kingfisher Airlines, Air Deccan and the Indian Air force, whose aircrafts landed and took off at the Bengaluru International Airport, participated in the trials to ensure a smooth airport opening.

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Bengaluru Int'l Airport conducts final flight trials | INRnews

Bangalore, India, March 08, 2008 - The flight trials conducted today at the Bengaluru International Airport in a near live environment heralded its operational readiness.  Kingfisher Airlines, Air Deccan and the Indian Air force, whose aircrafts landed and took off at the Bengaluru International Airport, participated in the trials to ensure a smooth airport opening.

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Pantaloons store opens in Guwahati | INRnews

Guwahati, India, March 8, 2008 - Pantaloons, India’s leading fashion retailer, today, inaugurated its first store in Guwahati, located at DT Towers, GS Road, Near Downtown Hospital. The new store is the thirty eighth Pantaloons store in India and is spread across 33,500 sq.ft. area, over three levels.

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Pantaloons store opens in Guwahati | INRnews

Guwahati, India, March 8, 2008 - Pantaloons, India’s leading fashion retailer, today, inaugurated its first store in Guwahati, located at DT Towers, GS Road, Near Downtown Hospital. The new store is the thirty eighth Pantaloons store in India and is spread across 33,500 sq.ft. area, over three levels.

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March 07, 2008

ETAM opens an exclusive store at Breach Candy | INRnews

Mumbai, March 7, 2008: Etam, the leading French lingerie brand, a part of the Future Group, today opened its exclusive store in Mumbai at Breach Candy in South Mumbai. On the occasion, super model Viveka Babajee showcased ‘Etam Spring Summer 2008 collection’, comprising of lingerie, swim wear and night wear. She also interacted with some customers and shared with them some lingerie style tips. An exclusive wine and cheese event was also held at the store in the evening.

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February 28, 2008

LIC Housing Finance launches reverse mortgage for senior citizens | INRnews

Mumbai, India, February 28, 2008 - LIC Housing Finance Ltd (LICHFL), a leading player in the Indian housing finance sector, rolls out reverse mortgage loans for senior citizens above 60 years of age. The loan will be given on single or on joint basis with the spouse, if the spouse is over 60 years.

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Parsvnath Developers commences construction of group housing project at Sonepat | INRnews

New Delhi, India, February 28, 2008 - Parsvnath Developers Ltd on February 28, 2008 has announced the start of construction of 'Parsvnath Preston' a high-end group housing residential project, in Sonepat, Haryana. The expected realization from the project is over Rs 500 crore in next 3 years including this financial year. The project is spread over a saleable area of 2.2 million sq. ft.

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February 25, 2008

Omaxe to develop township in Naya Raipur, Chhatisgarh | INRnews

New Delhi, India, February 25, 2008 - Omaxe Ltd has announced that the Company has emerged as the highest bidder and won the bid from Naya Raipur Development Authority, Chhattisgarh for Development of theme township with 18 Hole Golf Course on over 400 acres (Approx.) at Naya Raipur, Capital City of Chhattisgarh with a project value of Rs 1200 Crores (Approx.), which shall include the development of Residential and Commercial Bldgs, Golf Villas and a Hotel.

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February 23, 2008

Bank of Baroda slashes BPLR by 50 bps | INRnews

Mumbai, India, February 23, 2008 - In order to stimulate the demand for consumer and investment credit in a slowing economy, the Bank of Baroda has decided to reduce its Benchmark Prime Lending Rate by 50 basis points to 12.75% effective February 27, 2008.

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February 22, 2008

Bhiwadi industrial cluster attracts 3 brand new project | INRnews

Bhiwadi, India, February 22, 2008 - Smt. Vasundhara Raje, Hon’ble Chief Minister, Government of Rajasthan, today laid the foundation stone for setting up an IT / ITES SEZ by Somani Worsted Limited and manufacturing facilities of Jaquar Limited and Orient Craft Limited in Bhiwadi, Rajasthan. Dr. Digamber Singh, Hon’ble Minister of Industries, Rajasthan, also graced the occasion. The establishment of these projects is in sync with the vision of the recent Resurgent Rajasthan Partnership Summit and will give a boost to the rapid industrialization in the state.

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February 21, 2008

Parsvnath performs Bhoomipujan of "Parsvnath Mall" at Rohini | INRnews

New Delhi, India, February 21, 2008 - Parsvnath Developers Ltd on February 21, 2008 has announced the beginning of construction of its prestigious Mall at Rohini christened as "Parsvnath Mall". Parsvnath will invest approx. Rs 280 crores in the project. The Company performed the earth-breaking ceremony today.

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HDIL sells Mumbai property for Rs 900 crore | INRnews

Mumbai, India, February 21, 2008 - Housing Development & Infrastructure Ltd (HDIL) has announced that the Company has entered in to sale of Developmental rights agreement dated February 21, 2008 with respect to its project named Kaledonia situated at sahar Road, Andheri (East) with Mack Star marketing pvt ltd for a consideration of Rs 900 crores (Rupees Nine hundred crores).

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HDIL sells Mumbai property for Rs 900 crore | INRnews

Mumbai, India, February 21, 2008 - Housing Development & Infrastructure Ltd (HDIL) has announced that the Company has entered in to sale of Developmental rights agreement dated February 21, 2008 with respect to its project named Kaledonia situated at sahar Road, Andheri (East) with Mack Star marketing pvt ltd for a consideration of Rs 900 crores (Rupees Nine hundred crores).

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February 20, 2008

Parsvnath Developers forms JV with Royal Orchid Hotels Ltd to develop 10 hotels | INRnews

New Delhi, India, February 20, 2008 - Parsvnath Developers Ltd on February 20, 2008 announced a joint venture between its subsidiary, Parsvnath Hotels Ltd (PHL) and Royal Orchid Hotels Ltd (ROHL), one of India's fastest growing hospitality Companies, to develop and manage hotels across country.

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February 19, 2008

DLF going WI-FI way across India | INRnews

New Delhi, India, February 19, 2008 -DLF Limited, India's largest real estate developer is implementing Wi-Fi across DLF buildings all over India and is the first real estate company to adopt this latest technology of Wi-Fi. 

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DLF going WI-FI way across India | INRnews

New Delhi, India, February 19, 2008 -DLF Limited, India's largest real estate developer is implementing Wi-Fi across DLF buildings all over India and is the first real estate company to adopt this latest technology of Wi-Fi. 

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Parsvnath Developers launches a mega Mall-cum-Multiplex at Dehradun in Uttarakhand | INRnews

Dehradun, India, February 19, 2008 - Parsvnath Developers Ltd has announced that the Company has launched the first of its kind mega mall cum multiplex, Parsvnath Eleganza in Dehradun. The Company will invest Rs 40 crore in developing the complex.

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February 15, 2008

DLF wins Title Sponsorship rights for Indian premier League | INRnews

New Delhi, India, February 15, 2008 - The Indian Premier League, has announced that India's leading real estate company DLF Ltd., has won the Title Sponsorship rights for the cricket extravaganza that is set to kick off on April 18th 2008.

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Vipul Ltd announces Rs 600cr investment in Punjab | INRnews

Ludhiana, India, February 15, 2008 - Vipul Limited, the flagship company of Vipul Group today announced 3 mega launches for Punjab. Vipul World, the 109 acres mega housing project on Ferozepur Road, Ludhiana will be launched in April followed by construction of three hotels at Mohali, Ludhiana and Amritsar. The projects will be developed at an approximate investment of Rs600 crores.

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Unitech consortium company gets 12,500 acres of land in West Bengal for Chemical SEZ | INRnews

Kolkata, February 15, 2008 - Unitech Ltd has announced that Government of West Bengal has given possession of about 12,500 acres of land at Nayachar Island (near Haldia) on February 15, 2008 to the developer PCR Chemicals Pvt Ltd for development of, inter alia, Chemical SEZ.

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Unitech consortium company gets 12,500 acres of land in West Bengal for Chemical SEZ | INRnews

Kolkata, February 15, 2008 - Unitech Ltd has announced that Government of West Bengal has given possession of about 12,500 acres of land at Nayachar Island (near Haldia) on February 15, 2008 to the developer PCR Chemicals Pvt Ltd for development of, inter alia, Chemical SEZ.

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Ansal Housing launches "Ansal Town" in Muzaffarnagar, UP | INRnews

Muzaffarnagar, India, February 15, 2008 - Ansal Housing & Construction Ltd has announced that, on February 15, 2008, the Company has launched a new Project named "Ansal Town", at Muzaffarnagar (U.P.). This is an Integrated Township Project at Shukratal Road, Muzaffarnagar (U.P.).

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February 14, 2008

Home Solutions launches its first ‘Value’ home making retail concept in Aurangabad | INRnews

Aurangabad, India, February 14, 2008 -  Home Solutions Retail (India) Ltd., a part of the Future Group, today, announced the launch of a brand new retail format in the Home Segment called ‘Home Bazaar’, - a satellite version of its national home making and improvement retail brand Home Town. The first of its store was inaugurated in Aurangabad’s M Square Mall, Jalna Road here today.

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February 08, 2008

MARG unveils plans for new city - “MARG Swarnabhoomi” in Tamil Nadu | INRnews

Chennai, India, February 08, 2008 - MARG Ltd; (formerly MARG Constructions Limited) announced the launch of its mega infrastructure project – “MARG Swarnabhoomi” off the East Coast Road near Chennai.

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February 07, 2008

Indiabulls acquires DLF stake in Tehkhand residential project at South Delhi | INRnews

New Delhi, India, February 07, 2008 - Indiabulls Real Estate Ltd has announced that Indiabulls Infrastructure Ltd ("IIL"), a subsidiary of the Company, has acquired 100% shareholding of Catherine Builders and Developers Pvt Ltd ("Catherine") from DLF Home Developers Ltd.

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February 04, 2008

Parsvnath & ITC join hands to manage hotels | INRnews

New Delhi, India, February 04, 2008 - Parsvnath Developers Ltd has announced that Parsvnath Hotels Ltd (PHL), a subsidiary of Parsvnath Developers Ltd, has signed a MoU with Fortune Park Hotels Ltd (FPHL), a wholly owned subsidiary of ITC Ltd, to manage 50 Hotels across the country in next three to five years.

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January 29, 2008

Unity Infraprojects wins Rs 125 crore contract | INRnews

Hyderabad, India, January 29, 2008 - Unity Infraprojects Ltd has announced that the Company has received the "Notification of Award" through the Hospitals Services Consultancy Corporation on behalf of Ministry of Health & Family Welfare, Government of India and Nizam Institute of Medical Sciences, Hyderabad, for "Construction of Speciality Hospital and Accident (Trauma) & Emergency Hospital for upgradation of Nizam Institute of Medical Sciences, Hyderabad". The Contract Value is Rs 125.90 crores to be completed in a period of 15 months.

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January 25, 2008

Parsvnath awarded occupancy nod for Phase I of Greenville project in Gurgaon | INRnews

Gurgaon, India, January 25,, 2008 - Parsvnath Developers Ltd has announced that in a commendable development, the Company has obtained the completion and occupancy certificate from Director, Town and Country Planning, Haryana for 228 units of Parsvnath Greenville, the residential project located on Main Gurgaon Sohna Road. The units for which the completion certificate has been received are categorized as 2BR and 3BR apartments in low-rise building.

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January 22, 2008

Tata Realty and Infrastructure sets its sights on fast growth in a booming market | INRnews

Mumbai, India, January 22, 2008 - Tata Realty and Infrastructure (TRIL), one of the newer companies in the Tata Group and a 100 per cent subsidiary of Tata Sons, is all set to play its part in developing the nation.

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Chandigarh Housing Board to construct 13,000 units | INRnews

Chandigarh, India, January 22, 2008 - The Chandigarh Housing Board (CHB) is to construct around 13,000 housing units under different categories in the city.

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Kenilworth Beach Resort to add 16 villas in Goa property | INRnews

Panaji, India, January 22, 2008 - The Kenilworth Beach Resort and Spa, a 5-star hotel in Goa, is to add 16 luxury villas of 1,000 sq.ft to its property by Oct '08 at a cost of Rs 5.5 crore.

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Uma Petroproducts to develop township near Khopoli | INRnews

Mumbai, India, January 22, 2008 -  The board of directors of Uma Petroproducts have decided to enter into a memorandum of understanding (MoU) with MS Group of Companies to jointly develop a township near Mumbai.

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Farmers to set up own SEZ near Pune | INRnews

Pune, India, January 22, 2008 -  Farmers in a village near Pune, Avasari Khurd, have been given an in-principle approval from the State Government to set up an SEZ. Farmers decided to take this step to unlock the value of nearly 3,500 acres of barren land said to be worth Rs. 900 crores.

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Pantaloon Retail to set up wholly owned subsidiaries | INRnews

Mumbai, India, January 22, 2008 - Pantaloon Retail India Ltd has announced that the Board of Directors of the Company at its meeting held on January 22, 2008, inter alia, has approved setting up wholly owned subsidiary Companies for Big Bazaar and Food Bazaar, Speciality Retail Business Activities and Property & Mall Management Division and transfer the respective businesses of the Company on a going concern basis to the respective subsidiaries, subject to receipt of all requisite statutory and other necessary approvals.

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Now real estate and healthcare at Future Group stores | INRnews

Mumbai, India, January 22, 2008 - The Future Group, whose flagship company Pantaloon Retail operates over 1,000 stores nationwide, is looking to maximise the value of its locations through selling real estate and healthcare.

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Land prices rise in Goa | INRnews

Panaji, India, January 22, 2008 - Land prices have risen significantly in Goa, driven by high interest for holiday homes or second homes in the state. Prices have increased by over 20% in the last one year alone across the state.

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UK wants to be a genuine partner in developing India's Infrastructure | INRnews

New Delhi, India, January 22,2008 - Speaking at the inaugural session of the UK-India Infrastructure Conclave on January 16, organized by the Confederation of Indian Industry (CII) and UK Trade and Investment (UKTI), in Delhi, Digby, Lord Jones of Birmingham, UK Minister for Trade and Investment said that his country wants to be a genuine partner in developing India's infrastructure and not just a contractor. Given India's rising stature in the global sphere, he also endorsed India's membership of the UN Security Council and the G-8. He said that several British companies such as Bombardier and Mott McDonald are already engaged in developing India's infrastructure. He projected UK as an attractive and open global financial centre, ready to share its expertise and participate in India's PPP ventures in the infrastructure sector.

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Infosys acquires 300 acres of land near Sarjapur for second Bangalore campus | INRnews

Bangalore, India, January 22, 2008 - 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.

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Deutsche Bank arm makes $70 mn Indian real estate investment | INRnews

Mumbai, India, January 22, 2008 - RREEF, the global alternative investment management business of Deutsche Bank, advised by Deutsche Asset Management (India) Pvt Ltd, has made its first real estate investment in India. RREEF has substantially completed the purchase of an undisclosed stake in Bangalore and Hyderabad-based real estate development company, Golden Gate Properties Ltd, for US$ 70 mn (Rs. 2735 mn).

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Audi opens largest luxury car showroom in India in Gurgaon | INRnews

Gurgaon, India, January 22, 2008 - Audi, the German luxury car manufacturer, has announced the opening of its newest showroom in Gurgaon.

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KNR Const IPO opens on Jan 24, price band Rs 170-180/share | INRnews

Mumbai, India, January 22, 2008 - KNR Constructions Limited (the "Company"), an infrastructure project development company, will enter the capital market soon with an Initial Public Offering ("IPO") of 7,874,570 equity shares of Rs 10 each for cash at a price ("Equity Shares") to be decided through a 100% book-building process. The Bid/ Issue opens for subscription on January 24, 2008 , and closes on January 29, 2008 . The Price Band has been fixed between Rs 170 and Rs 180 per Equity Share.

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Wockhardt Hospitals Ltd. plans regional specialty ICU hospitals | INRnews

Mumbai, India, January 22, 2008 - Wockhardt Hospitals Limited, one of the largest private healthcare services companies in India, plans to develop a network of regional specialty ICU hospitals, which deepen and complement the penetration of the superspecialty hospitals through their referrals of patients in need of advanced tertiary care. The regional specialty ICU hospitals act as referral centres for the super-specialty hospitals for advanced and tertiary procedures, but are also self-sustaining and strategically located to fulfil market demand for basic tertiary care in the case of regional ICU hospitals and higher secondary care in the case of higher secondary care hospitals.

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Wockhardt Hospitals plans Rs 5.69 bn investments in hospital projects | INRnews

Mumbai, India, January 22, 2008 - Wockhardt Hospitals Limited, the only private hospital group in India, associate of Harvard Medical International ("HMI"), a self supporting not-for-profit subsidiary of Harvard Medical School, has chalked out an ambitious growth strategy with an investment of Rs 5.69 billion in expanding, developing and constructing both greenfield and brownfield expansion plans.

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Emaar MGF Land Limited IPO opens on February 01, 2008 | INRnews

Mumbai, India, January 22, 2008 - Emaar MGF Land Limited (“Emaar MGF” or the “Company”), a joint venture between one of the world’s leading real estate companies, Emaar Properties PJSC of Dubai, and MGF Development Limited of India, is entering the capital market with an initial public offering (“IPO”) of 102,570,623 equity shares of face value Rs 10 each for cash at a price (“Equity Shares”) to be determined through a 100% book building issue.

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Haryana Chief Minister sees 2-3 more Gurgaons on the anvil | INRnews

Gurgaon, India, January 22, 2008 - It is indeed going to be Destination Haryana all the way during the coming years. In the next decade, Haryana envisages a target investment of US $ 50 billion which will generate employment opportunities for over 1 million people, stated Mr Bhupinder Singh Hooda, Hon'ble Chief Minister of Haryana while addressing the delegates at the National Council Meeting of the Confederation of Indian industry in Gurgaon last week.

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Vishal Retail opens new showrooms in New Delhi and Gurdaspur, Punjab | INRnews

New Delhi, Indian, January 22, 2008 - Vishal Retail Ltd has announced that the Company has opened two new Showrooms in New Delhi and in Gurdaspur, Punjab.

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Pantaloon Retail Announces Launch of Big Bazaar in Barrdhaman City | INRnews

Kolkata, India, January 22, 2008:  Pantaloon Retail (India) Limited, a part of the Future Group, announced on January 19th the launch of its flagship hypermarket retail store – Big Bazaar – in Barrdhaman city. With this launch the company has further enhanced its reach to the masses in Eastern India having 14 Big Bazaar stores, while for the country; the count goes upto 80 stores.

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Big Bazaar Opens at Lee Road in Kolkata | INRnews

Kolkata, India, January 22, 2008 -  Pantaloon Retail (India) Limited, a part of the Future Group, further enhanced its reach to the masses in Kolkatta with the launch it’s one more flagship hypermarket retail store - Big Bazaar here at Lee Road on January 19.

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Cosmos, The Siliguri Megamall Ushers In Lifestyle Change for Siliguri | INRnews

Siliguri, India,  January 22, 2008 - Future Group has announced the launch of ‘Cosmos, The Siliguri Megamall’ at 2nd Mile, Sevoke Road, opp. Electricity Board Office, Siliguri – 73400. Spread over an area of about 3 ½ lakh sq.ft., Cosmos Megamall caters to a wide spectrum of consumer needs, through a number of value and lifestyle stores (for apparel, electronics, home décor, accessories, footwear, etc), hyper markets, food court, restaurant & bar, gaming zone, wellness centre and a gymnasium. The mall houses over 75 retail stores including popular national chains of the Future Group, such as Big Bazaar (hyper market), Pantaloons (lifestyle apparel and accessories), Food Bazaar (food hypermarket), eZone (consumer durables and electronics store), Collection i (lifestyle furniture and furnishings), Depot (books, music and gifts store), Shoe Factory (foot wear store), Star & Sitara (beauty parlour), Talwalkar Fit & Active(gymnasium), etc.

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January 21, 2008

BOA of SEZs grants 11 formal and 1 in-principle approvals | INRnews

New Delhi, India, January 21, 2008 - The Board of Approval of the Special Economic Zones (SEZs) met here today to consider proposals for setting up of Special Economic Zones and also approve other miscellaneous requests pertaining to SEZs.  In this meeting, 19 proposals for setting up SEZs, including 2 proposals for conversion of in-principle approvals to formal approvals were considered.  The Board recommended grant of 11 Formal approvals (including 2 requests for conversion of In-Principle Approvals to Formal Approvals) and 1 In-principle approval of a Multiproduct SEZ by Reliance Haryana SEZ Limited in Jhajjar District, Haryana.

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India invites UK investment in infrastructure | INRnews

New Delhi, India, January 21, 2008 - India is seeking investments from UK in the areas like highway projects, bridges, expressways, ports, power generation, water plants, water management techniques. This was conveyed by Shri Kamal Nath, Union Minister of Commerce and Industry, during the India-UK CEOs Round Table, here today, and added that so far investments from UK was mainly from the sectors such as telecom, chemicals, fuels, service sector etc. The Round Table was attended by Lord Digby Jones, UK Minister of State for Trade and Investment and Dr. Ashwani Kumar, Minister of State for Industry, besides senior officials from both the countries.

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Union Cabinet approves construction of new airport in Kannur, Kerala | INRnews

New Delhi, India, January 21, 2008 - The Union Cabinet has given its approval for setting up of a Greenfield International Airport through the Public Private Partnership (PPP) at Kannur, Kerala.

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Union Cabinet approves transfer of Nagpur Airport to JV for upgradation to world class hub | INRnews

New Delhi, India, January 21, 2008 - The Union Cabinet has given its ‘in-principle’ approval for transfer of Dr. Ambedkar International Airport, Nagpur to the Joint Venture Company comprising AAI and Maharashtra Airport Development Company Ltd. For upgradation of the airport to a world class Multi Modal International Passenger and Cargo Hub (MIHAN).  The Union Cabinet also gave its approval to invest an amount of Rs. 4.90 crore by AAI in the equity of the Joint Venture Company.

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Sabari Foundations to develop apartment complex at Siruseri, Chennai | INRnews

Chennai, India, January 21, 2008 - Chennai-based Sabari Foundations is to develop 308 apartments on a 10-acre site near the Sipcot Industrial complex at Siruseri. The total project cost is Rs 180 crore.

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Elcot to develop 50,000 sq ft at IT SEZ in Tirunelveli | INRnews

Chennai, India, January 21, 2008 - The Electronics Corporation of Tamil Nadu (Elcot) is to construct over 50,000 sq ft of space at the Tirunelveli IT SEZ by June this year at a cost of Rs 15 crore. The Tamil Nadu government is keen to develop smaller cities like Tirunelveli, Salem, Madurai as IT destinations to leverage the talent pool available there.

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Sri City to develop 5,000 acre SEZ near Chennai | INRnews

Chennai, India, January 21, 2008 - Sri City Pvt Ltd, an enterprise promoted by Mr Ravindra Sannareddy, Chairman, Megasoft Limited, is planning a 5,000 acre multi-product SEZ in North Chennai at a cost of Rs 2,500 crore.

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Reliance Retail launches 6 new formats | INRnews

Mumbai, India, January 21, 2008 - The third quarter of FY 2007-08 was an eventful quarter for Reliance Retail. This quarter saw the launch of 6 new formats. The new formats launched by RRL this quarter are Reliance Trends, Reliance Footprint, Reliance Wellness, Reliance TimeOut, Reliance Jewels and Reliance Super. With the launch of the new formats, RRL now operates 9 different formats across India. Including the Reliance Fresh stores the company now operates over 465 retail stores across India.

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SEBI proposes draft regulations for REITS for public comments | INRnews

Mumbai, India, January 21, 2008 - In recent years, India's real estate business has seen significant expansion, underpinned by rapid economic growth coupled with a series of IPOs by real estate companies.  Changing demographics, rising levels of foreign investment, a vibrant services sector powered by the IT sector and buoyant exports are the major contributors for India’s rapid GDP growth. The GDP growth and corporates' growing scale of operations have led to greater demand for commercial space, including modern offices, warehouses, lodging facilities and operational infrastructure. It has also boosted housing demand. Moreover, improved access to housing finance has boosted the demand for residential property. Over the last few years, modern real estate development and some investor interest has spread beyond metros and large cities.

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Construction work to start on Rohtang Tunnel | INRnews

Shimla, India, January 21, 2008 - Construction work of 9 KMs. long Rohtang Tunnel below Rohtang Pass was likely to start by May, 2008. This was revealed by Prof. Prem Kumar Dhumal, Chief Minister, on receiving a communication from Shri M.M.Pallam Raju, Union Minister of State for Defence here today.

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$150 million Pragnya Fund 2 to focus on South realty and hospitality projects | INRnews

Chennai, India, January 21, 2008 - Pragnya, a private equity fund, is to launch a $150 million fund "Pragnya Fund 2" focused on real estate and hospitality projects in South India.

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Hindware forays in home interiors retail business | INRnews

Mumbai, India, January 21, 2008 - Hindustan Sanitaryware & Industries Limited (HSIL) has announced its ambitious plans to enter the organized retail sector with Home Interiors Specialty business. The company has incorporated Hindware Home Retail Private Ltd (HHRL) as a subsidiary of HSIL to spearhead the Group’s vision to evolve into a Total Home Solutions Enterprise and plans to invest Rs 250 crores over the next five years. HSIL is diversifying to capitalize on Home Interiors industry attractiveness in India considering growing urbanization & residential landscapes, changing consumer lifestyles, organized retail sector opportunities & the demand-supply scenarios. The vast Home Interior Solutions market opportunity size is estimated to be US$ 9 billion plus, with annual growth forecasts of 15-20% CAGR.

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Indiabulls launches retail venture | INRnews

Mumbai, India, January 21, 2008 - Indiabulls Wholesale Services Ltd, the retail arm of the Rs-40,000  crore Indiabulls group has launched  42 stores across two retail formats-branded "Indiabulls Mart" and "Indiabulls Megastore", as part of its strategy to emerge as a leading player in the retail market.

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Pipavav Shipyard plans Rs 2900 crore shipyard project | INRnews

Mumbai, India, January 21, 2008 - Pipavav Shipyard Limited is currently constructing a shipyard complex at Pipavav, located on the west coast of India adjacent to the maritime sea lane between the Persian Gulf and Asia. The Shipyard will have an estimated investment of Rs 2,888 crore. Upon completion of construction, the Pipavav Shipyard will be capable of ship construction and repairs for a range of vessels of different sizes and types, as well as the fabrication and construction of   offshore platforms, rigs, jackets and vessels,  for use by oil and gas companies in their exploration and production activities.

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L&T launches premium township project off Old Mahabalipuram Road, Chennai | INRnews

Chennai, India, January 21, 2008 - L&T South City Projects Limited (L&T SCPL) has launched “Eden Park” – an integrated township off Old Mahabalipuram Road, Chennai, on January 18, 2008.

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Westin opens the Westin Sohna Resort near Delhi | INRnews

New Delhi, India, January 21, 2008 - Starwood Hotels & Resorts Worldwide, Inc. (NYSE:HOT) has announced the opening of its first Westin property in India, The Westin Sohna Resort. Close to both Delhi and Gurgaon, the new resort offers a restful, rejuvenating guest experience enhanced by superior recreational facilities, naturally-lit meeting space, an array of world-class cuisine and the full range of Westin's renowned signature amenities.

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Improved Financial Management of Urban Local Bodies Critical for Growth: World Bank | INRnews

New Delhi, India, January 21, 2008- A new World Bank study, the first of its kind in India titled ‘Synthesis Study of Public Financial Management and Accountability  (PFMA) in Urban Local Bodies (ULBs)’ was today jointly released by Mr. M. Ramchandran, Secretary, Ministry of Urban Development, Government of India, and Mr. Rachid Benmessaoud, Operations Advisor, the World Bank, India.

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Hindustan Construction wins Rs 375 crore project in Visakhapatnam | INRnews

Visakhapatnam, India, January 21, 2008 - Hindustan Construction Company Ltd has announced that the Company has received a Letter of Acceptance from Indian Strategic Petroleum Reserves Ltd, New Delhi, for execution of Civil works for Underground Rock Cavern (Part A) for Strategic Storage of Crude Oil Project at Visakhapatnam, Andhra Pradesh.

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DLF signs MoU with Gayatri Projects to develop infrastructure Projects | INRnews

New Delhi, India, January 21, 2008 - DLF Ltd has announced that the Company has signed a Memorandum of Understanding (MoU) with Gayatri Projects Ltd (GPL), one of the leading infrastructure Companies in India, to develop roads and highway projects across the country.

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Nagarjuna Construction wins Rs 502 crore projects | INRnews

Hyderabad, India, January 21, 2008 - Nagarjuna Construction Company Ltd (NCC) has recently bagged six new orders valued at Rs 502 Crores as per details given below :

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Unity Infraprojects wins Rs 102 crore construction project in Pune | INRnews

Pune, India, January 21, 2008 - Unity Infraprojects Ltd has announced that the Company has received the Letter of Intent dated January 16, 2008 from Magarpatta Retail Pvt Ltd for Civil Construction works of the proposed building for Magarpatta Retail Mall Project at Magarpatta City, Hadapsar, Pune. The Contract Value is Rs 102.14 crores (exclusive of VAT (WCT) & service tax) and the project is to be completed with 9.5 months from commencement of work.

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Trikona Trinity Capital gets SEZ status for Delhi IT Park | INRnews

New Delhi, India, January 21, 2008 - Trikona Trinity Capital PLC (AIM: TRC), a fund created for investing in real estate and real estate related entities across India, has announced that the Board of Approval in India conferred IT Special Economic Zone ("SEZ") status upon the Company's Uppal IT Park "Tech Oasis" (Development Project 1) on 16th January 2008.

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Gurgaon gets second Reliance Retail minimart | INRnews

New Delhi, India, January 21, 2008 - Reliance Retail Ltd has announced the launch of its second Minimart ‘Reliance Super’ at LG-01, DT Mega Mall, DLF City, Gurgaon – 122002 Haryana. After the successful launch of the various formats - Reliance Fresh, Reliance Mart, Reliance Digital, Reliance Trendz, Reliance I store Reliance Footprint, Reliance Wellness, Reliance Jewels and Reliance Timeout, this is the tenth format of stores from Reliance Retail to be launched in India.

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HDIL Plans 70 Acres Cybercity at Kalamaserry, Kochi | INRnews

Kochi, India, January 21, 2008 - Housing Development and Infrastructure Limited (HDIL), through its subsidiary, Blue Star Realtors Pvt. Ltd., announced its plans to inaugurate HDIL CYBERCITY at Kalamaserry in Kochi. HDIL CYBERCITY which will be spread across an area of 70 Acres of land, will be Kerala’s FIRST INTEGRATED IT Township, having, besides IT/ITES, Residential apartments, Villas, Schools, Shopping Malls, Multiplex, club house, service apartments and a Star Hotel.

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India pegged to be more lucrative and faster growing amusement industry than China | INRnews

Hyderabad, India, January 21, 2008 - The Amusement & Leisure Industry in India is on the verge of an explosive growth. According to Indian Association of Amusement Parks and Industries(IAAPI), an industrial trade body. The Indian Amusement Park Industry is around Rs 4,000 crore and is estimated to grow by 6 per cent per annum till the year 2010.

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January 16, 2008

J. Kumar Infraprojects IPO opens on Jan 18 | INRnews

Mumbai, India, January 16, 2008 -  J. Kumar Infraprojects Limited ("JKIL" or the "Company"), a civil engineering and infrastructure development company with a primary focus on development of roads, flyovers, bridges, railway over bridges, irrigation projects, commercial and residential buildings, railway buildings, sports complexes and airport contracts, is entering the capital market with an Initial Public Offering ("IPO") of 65,00,000 equity shares of Rs 10 each for cash at a price ("Equity Shares") to be decided through a 100% Book-Building Process. The Bid/Issue opens on January 18, 2008 , and closes on January 23, 2008 . The Company has fixed the Price Band between Rs 110 and Rs 120 per Equity Share.

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January 15, 2008

Hyderabad Urban Development Authority to sell 164 acres of land in Budvel | INRnews

Hyderabad, January 15, 2007 - The Hyderabad Urban Development Authority is to develop land parcels around the Outer Ring Road (ORR) Project. HUDA now proposes to develop 164 acres of land on Mixed Use Basis at Budvel, Ranga Reddy District, Hyderabad. Reserve Price is fixed as Rs. 4.00 Cores per acre.

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Hirandani Palace Gardens in Chennai sees strong sales | INRnews

London, UK, January 15, 2008 - Hirco PLC (AIM: HRCO), the investment vehicle for Hiranandani, India’s largest developer of prestigious mixed-use townships, today announced that sales of residential units in Phase 1 of its Chennai township development, Hiranandani Palace Gardens, continue to be strong both in terms of volume of residential units sold and the level of pricing achieved.

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January 14, 2008

Home loan interest rates to come down | INRnews

Mumbai, India, January 14, 2008 - Leading bankers are suggesting that interest rates on home loans are likely to come down this year. This should be welcome news indeed to millions of borrowers who have seen interest rates go up significantly in the last two years.

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Haryana Urban Development Authority HUDA to build 20,660 flats for poor | INRnews

Chandigarh, India, January 14, 2008 - The Haryana Urban Development Authority (HUDA) is to construct 20,660 flats for the economically-weaker sections of society in the districts of Faridabad, Gurgaon, Bahadurgarh, Rewari, Rohtak, Kaithal, Ambala, Hisar, Jind and Sirsa. Over 2,000 units are already under construction in Panchkula.

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Subhiksha to set-up mobile retail stores in Andhra Pradesh | INRnews

Hyderabad, India, January 14, 2008 - Supermarket chain Subhiksha is to set up stores to retail mobile products such as handsets, connections and accessories in Andhra Pradesh.

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Ansal Housing to raise over Rs 70 crore | INRnews

Mumbai, India, January 14, 2008 - Ansal Housing & Construction Ltd has announced that the shareholders at the Extra Ordinary General Meeting (EGM) of the Company held on January 12, 2008, inter alia, have approved the following:

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Kolte-Patil Developers launches serviced apartments in Hinjewadi, Pune | INRnews

Pune, India, January 14, 2008 - Kolte-Patil Developers Limited, one of the leading real estate developers in India, have launched ‘Green Olive’ project, a four star serviced apartments project, at Rajiv Gandhi IT park, Hinjewadi, Pune with a total investment of 74 cr.

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January 13, 2008

Tamil Nadu levies infrastructure charges on builders | INRnews

Chennai, India, January 13, 2008 - In a move likely to be welcomed by those concerned with unplanned growth and poor infrastructure, the Tamil Nadu Government has decided to charge builders an infrastructure and amenities charge of between Rs 200 - 1,000 per sq.m excluding non-FSI and parking areas.

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Two new SEZs proposed in Punjab | INRnews

Chandigarh, January 13, 2008 - Real Estate Developers Ansal Properties & Infrastructure (API) and Ishan Developers & Infrastructure (IDI) have proposed two new SEZs in Punjab with an investment of Rs 2,367 crore.

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January 12, 2008

Reliance Retail launches footwear store - Reliance Footprint | INRnews

New Delhi, India, January 12, 2008 - Reliance Retail Ltd. launched the 3rd outlet of its speciality store “Reliance Footprint” at Star City Mall, Mayur Vihar, New Delhi after the successful launch of 9 formats, supermarket format “Relaince Fresh”, hypermarket format “Relaince Mart”, Minimart format “Reliance Super” and 5 speciality stores Reliance Digital, Reliance Trendz, Reliance Wellness, Reliance Footprint, Reliance Jewels and Reliance Time-Out.

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NATCON 2008 emphasises need for affordable housing | INRnews

New Delhi, India, January 12, 2008 - Shri Kamal Nath, Hon’ble Minister of Commerce & Industry and Kumari Selja - Hon’ble Minister of State, (IC), Housing and Poverty Alleviation today emphasized the need for affordable housing, while addressing Natcon 2008, CREDAI’s 7th National real estate convention. The first day of this three-day convention at Hotel Ashok, New Delhi, saw participation of more than 800 delegates from Government, Real Estate and Housing Finance Institutions. Panel discussions and debates were primarily focused on Policies & Regulatory Environment, Real Estate Indices and Developer Rating. The convention is being actively supported by the Ministry of Urban Development Government of India & Ministry of Housing and Urban Poverty Alleviation Government of India.

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January 11, 2008

Mercantile Bank Building in Vashi sold to Shah Group | INRnews

Mumbai, India, January 11, 2008 - The Mercantile Bank building in Vashi has been sold to the Shah Group.

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AIG launches AIG Infrastructure & Economic Reform Fund | INRnews

Mumbai, India, January 11, 2008 - AIG Investments today announced the launch of the AIG Infrastructure and Economic Reform Fund, an open-ended equity scheme. The fund will invest in companies that may benefit from potential investments in infrastructure and unfolding economic reforms without having any bias towards any sector or market capitalization range.

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January 10, 2008

EOU/SEZ sector accelerates economic growth: Minister | INRnews

New Delhi, India, January 10, 2008 - Shri Kamal Nath, Minister for Commerce and Industry, has stated that the EOU/SEZ Sector is playing a very important role in encouraging manufacturing activity, providing substantial employment opportunities, thereby accelerating the pace of economic growth. The units set up under these schemes are already providing direct employment to over 6.5 lakh people. He was speaking at the Export Awards function, organised by the Export Promotion Council for EOUs and SEZ Units (EPCES), here last evening. Shri R. Gopalan, Additional Secretary, Department of Commerce; Shri R.S. Gujral, Director General of Foreign Trade (DGFT); Shri T. Vasu, Chairman, EPCES and Shri L.B. Singhal, Director General of EPCES, apart from Development Commissioners of various EPZs and SEZs were present on the occasion.

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Paranjpe Schemes launches residential project in Sopan Baug, Pune | INRnews

Pune, India, January 10, 2008 - Pune based developer Paranjpe Schemes Construction Ltd has launched a new apartment project "La Cresta" in Sopan Baug, Pune.

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New Luxury Business Hotel VITS Launched in Belgaum | INRnews

New Delhi, India, January 10, 2008 - (press release) A 60-room VITS property, part of a new chain of luxury business hotels from Kamat Hotels (KAMT.BO, news) India Limited (KHIL), opened today in Belgaum. Located at Club Road, the new hotel offers contemporary luxury business accommodation for discerning business class travellers from across India.

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Unitech to list UOT in Singapore | INRnews

Mumbai, India, January 10, 2008 - Unitech Ltd has announced that Unitech office Trust ("UOT") (a business trust proposed to be formed and registered under the laws of Singapore) is contemplating offer of its units for subscription by the investors, including the public in Singapore, by way of an initial public offering in Singapore ("IPO"), which is proposed to be listed on the Main Board of Singapore Exchange Securities Trading Ltd ("SGX-ST"). In pursuance of the aforesaid, SGX-ST has granted the 'Eligibility to list' to UOT on January [09], 2008, subject to the conditions specified therein.

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L&T bags orders of over Rs 3500 crore | INRnews

Larsen & Toubro’s (L&T) Construction Division has recently secured orders on Design and Build/Turnkey basis from leading Developers/ Owners. Prominent amongst these include Rs. 2000 crore orders from M/s. Kingston Properties Pvt. Limited for construction of various office & residential buildings in Mumbai, to be developed in a span of 4 years.

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Supreme Infra bags Rs 71.99cr contract from Thane Coporation | INRnews

Mumbai, India, January 10, 2008 - Supreme Infrastructure India Ltd (SIIL), an infrastructure development company engaged in civil construction activities, has bagged a building construction contract worth Rs 71.99 crores from Thane Municipal Corporation (TMC). This is in Joint Venture with M/s. Chawla Interbild. This work of construction of RCC building in Thane City (Tulsidham) is part of BSUP scheme. The contract will be executed in a period of 18 months.

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Bharati Shipyard to build Green Field Shipyard in Dabhol | INRnews

Mumbai, India, January 10, 2008 - Bharati Shipyard Limited, one of the leading Private Sector Shipyard, today announced its plan to construct a Green Field modern shipyard at Usgaon near the Dabhol port in Ratnagiri district.

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January 09, 2008

Eco-city projects underway | INRnews

New Delhi, India, January 09, 2008 - The first phase of Eco-City programme is in advance stage of completion at the close of 10th five year plan. It covered six towns namely Kottayam, Tirupati, Ujjain, Puri, Thanjavur and Vrindavan. It aimed at improving the existing environment and at changing those aspects that are causing environment damage.

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Dev Property Development eyes £114 million sale of development projects in Mumbai | INRnews

Mumbai, India, January 09, 2008 - Dev Property Development plc (AIM: DPD), a company investing in Indian real estate, today announces that it has sent a circular to shareholders convening an extraordinary general meeting (EGM) on 25 January 2008. The purpose of the EGM will be to seek shareholder consent for the disposal of Dev's interests in two of its three development projects for a total minimum consideration of £114 million (the Minimum Consideration).

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Land allotted for Private IT Park at Rajiv Gandhi IT Habitat at Dona Paula, Goa | INRnews

Panaji, India, January 09, 2008 - BSEL Infrastructure Realty Limited in 50:50 Joint Venture with Unity Infraprojects Limited, has been awarded and allotted an area of 40,000 sq. meters with 1.50 Floor Space Index (FSI) at “Rajiv Gandhi IT Habitat” at Donna Paula, Goa for developing and constructing an Information Technology Park (IT Park).

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January 08, 2008

Parsvnath Developers awarded 90 crore contract to build SAI ASHRAM at SHIRDI | INRnews

Shirdi, India, January 08, 2008 - Parsvnath Developers Ltd has announced that the Company has been awarded the construction contract of Sai Ashram at Shirdi in Maharashtra. The work has been awarded by Shirdi Sai Trust, Chennai, and the managing, trustee being Mr. K V Ramani.

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January 07, 2008

40 Mln. Low-Cost Houses & 500 Health Centres Needed For Urban Poor | INRnews

New Delhi, India, January 07, 2008 - Over 40 million low-cost dwelling units and additional 500 urban health and family welfare centers are needed to be put up to provide basic housing and health facilities to about 190 million Urban Poor, which still slog to obtain these facilities at times when a significant part of Urban India is spending between   Rs.30 to Rs.40 lakhs for per dwelling unit, according to findings of The Associated Chambers of Commerce and Industry of India (ASSOCHAM).

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January 03, 2008

Parsvnath Developers to set up Pharma SEZ in Nanded, Maharashtra | INRnews

New Delhi, India, January 03, 2007 Parsvnath Developers Ltd has announced that in pursuance to development of SEZs, Parsvnath SEZ Ltd (PSL), a subsidiary of the Company, will develop a Pharmaceutical Special Economic Zone (SEZ) at Nanded in Maharashtra. The Company has received LoI from Maharashtra Industrial Development Corporation (MIDC), a Maharashtra Govt. Undertaking for development of Pharma SEZ project in krushnoor Industrial Area of Nanded which is in close proximity to the SH-6 connecting Nanded and Secunderabad.

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Real Estate Destinations 2008 - The show goes on | INRnews

Mumbai, India, January 03, 2008 - Anuj Puri, Chairman & Country Head, Jones Lang Lasalle Meghraj, looks at the year 2008 for Indian real estate.

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January 02, 2008

Parsvnath Developers receives LoI for IT Park in Gurgaon | INRnews

Gurgaon, India, January 02, 2008 - Parsvnath Developers Ltd has announced that the Company has received LoI from Director Town and country planning, Haryana to develop an IT Park project on Main Gurgaon Sohna Road just 3 kms away from Rajiv Chowk in Gurgaon. The approximate realization from the project is expected to be Rs 650 crore within 2 financial years.

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IRB Infra gets SEBI go ahead, IPO by 3rd week | INRnews

Hyderabad, India, January 02, 2008 - Mumbai-based IRB Infrastructure Developers Limited, an infrastructure development and construction company in India with significant experience in the roads and highways sector, has received SEBI observations for its public issue of 51,057,666 Equity shares of Rs 10 each through 100% book building process.

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Ramky Infrastructure Limited files DRHP with the SEBI | INRnews

Mumbai, India, January 02, 2008 - Ramky Infrastructure Limited (the “Company”), an integrated construction, infrastructure development and management company in India with a strategic emphasis on environmental oriented projects, has filed its Draft Red Herring Prospectus (“DRHP”) with the Securities & Exchange Board of India (“SEBI”) to enter the capital market soon with an Initial Public Offering (“IPO”) of equity shares of Rs 10 each for cash at a price (“Equity Shares”) to be decided through a 100% book-building process and aggregating to Rs 4,000 million.

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BOA grants 24 formal and 4 in-principle SEZ approvals | INRnews

New Delhi, India, January 02, 2008 - The Board of Approval of the Special Economic Zones (SEZs) met on 2nd January 2008 to consider proposals for setting up of Special Economic Zones and also approve other miscellaneous requests pertaining to SEZs.

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January 01, 2008

Unmoved by high Iinterest rates, realty sector remained bullish on the primary market | INRnews

New Delhi, India, January 01, 2008 - The real estate companies remained robust in 2007, despite worries of high interest rates, as is evident by an overwhelming 42.7 per cent of the total primary market funds going to the sector in the year, an ASSOCHAM Eco Pulse Study (AEP) has said.

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Indian Real Estate Roundup - 2007 | INRnews

Mumbai, India, January 01, 2008 - Anuj Puri, Chairman & Country Head, Jones Lang Lasalle Meghraj, looks back on the year 2007 in Indian real estate.

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500 acre Nano Biosym park proposed in Solan, Himachal Pradesh | INRnews

Shimla, India, January 01, 2008 - Dr. Anita Goel, Chairperson and Chief Executive Officer of US Company Nanobiosym met Himachal Pradesh Chief Minister Prof. Prem Kumar Dhumal at New Delhi yesterday and discussed with him about setting up of first Nano -Biosym Park in the country.

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December 31, 2007

In 2008, Retail, Real Estate Poised for 35% & 45% Growth | INRnews

New Delhi, India, December 31, 2007 - Retail and real estate boom will further roll down in 2008 as these two key sectors are well poised to notch a year-on-year growth of 30-35% and between 40-45% respectively over the calendar year 2007, according to projections made by The Associated Chambers of Commerce and Industry of India (ASSOCHAM).

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Global developers respond to RFQ development of world-class railway stations | INRnews

New Delhi, India, December 31, 2007 - The process for prequalification of bidders for the development of 22 railway stations as world class stations has been initiated. A global advertisement in this regard has already been issued by the Ministry of Railways. The Request for Qualification (RFQ) document is now available on the Ministry of Railway’s website http://indianrailways.gov.in. A calendar for bringing the process to the climax of appointing the concessionaire is also available in the RFQ document. Word class developers have already shown interest and good competition is expected. Ministry of Railways has decided to develop 22 railway stations, located in metropolitan cities and major tourist centres, as world class stations through Public Private Partnership (PPP) route be leveraging a part of the real-estate development potential. Required consultancies are being carried out for architectural, technical, financial and legal activities. Needed coordination with local bodies is being carried out by high level committees specially constituted.

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December 28, 2007

Unity Infraprojects wins mall project in Kurla, Mumbai | INRnews

Mumbai, India, December 28, 2007 - Unity Infraprojects Ltd has announced that the Company has received the Letter of Intent from Offbeat Developers Pvt Ltd, Mumbai for Civil Construction Work for construction of Mall named Market City, at Kurla, Mumbai. The Contract Value of the Project is Rs 57.41 crores (Rupees Fifty Seven Crores and Forty One Lakhs Only) excluding the cost of concrete and it is to be completed within 15 months.

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Parsvnath Developers completes Phase II of Parsvnath Prestige Housing project in Noida | INRnews

Noida, India, December 28, 2007 - Parsvnath Developers Ltd has announced that the Company has obtained the completion and occupancy certificate from NOIDA Authority for its Group Housing project at Noida, Parsvnath Prestige for the second phase, after successfully receiving the completion and occupancy certificate for 1st Phase.

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BSEL issues US$35 million worth of GDRs | INRnews

Hyderabad, India, December 28, 2007 - BSEL Infrastructure Realty Limited has completed an issue of 2,147,202 GDRs raising amount of US$35 million. The GDRs will be listed on the Luxembourg Stock Exchange today. The underwriter for the transaction was Rodman & Renshaw, LLC, a subsidiary of Rodman & Renshaw Capital Group, Inc and Fortress Financial Services Ltd.

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Megamart spreads wings, opens three stores in Delhi | INRnews

New Delhi, India, December 28, 2007 - Megamart, pioneer in value retailing and branded apparel segment opened three stores in Delhi at prime locations such as New Rajdhani enclave, Kohat enclave and Shivaji enclave in less than a span of month’s time.

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Hirco publishes annual report, sees strong growth in Indian real estate | INRnews

London, UK, December 28, 2007 – Hirco PLC (AIM: HRCO), the investment vehicle for Hiranandani, India’s largest developer of prestigious mixed-use townships, today announced that it has published its Annual Report and Accounts for the period ended 30 September 2007.

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December 27, 2007

Parsvnath Developers to build Highway Mall at Rajpura, Punjab | INRnews

New Delhi, India, December 27, 2007 - Parsvnath Developers Ltd has announced the launch of its premium commercial project, Parsvnath Highway Mall, in the city of Rajpura, Punjab. The project will enhance the travelers' joy by combining comfort and leisure.

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Indian Railways: Strides of Progress in 2007 | INRnews

New Delhi, India, December 27, 2007 - In the past few years, Indian Railways have registered an unprecedented turnaround in its fortunes that has helped launch itself towards a path of gigantic growth and development, keeping in view the future transportation needs of the economy.   Milestones have been bettered and sights set on newer ones, especially those that beckon it during the 11th Plan period such as the freight loading target of 1100 million tonnes during that period.

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Achievements/initiatives of the Indian Ministry of Civil Aviation in 2007 | INRnews

New Delhi, India, December 27, 2007 - The Ministry of Civil Aviation has highlighed ints achievements and initiatives in the year 2007 in its year end review.

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December 21, 2007

Eredene Capital PLC invests in logistics centres in NCR, Uttaranchal and Punjab | INRnews

London, UK, December 21, 2007 - Eredene Capital PLC (AIM: ERE), the AIM quoted Indian property developer, today announces that its wholly owned subsidiary Bandra Mauritius Limited (together “the Eredene Group”) has agreed to invest up to INR 854 million (£11 million) in a £26 million project to build and operate three multi-user logistics centres in a ‘hub and spoke’ model on 28 acres of land in Northern India.

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Pantaloon Retail Announces Launch of Big Bazaar in Ahmednagar | INRnews

Ahmednagar, December 21, 2007:  Pantaloon Retail (India) Limited, part of the Future Group, today announced the launch of its flagship hypermarket format - Big Bazaar – in Ahmednagar.  With today’s launch, the company has further enhanced its reach to the masses in Maharashtra, with Ahmednagar Big Bazaar being the 18th store in the State, while overall tally goes upto 76 Big Bazaar stores in the country.

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December 20, 2007

Starwood to launch new aloft hotels in Chennai and Bangalore | INRnews

Chennai, India, December 20, 2007 - Starwood Hotels & Resorts Worldwide, Inc. today announces that its much-anticipated new lifestyle brand, aloft(SM) hotels, will partner with Urbanedge Hotels Private Limited, a joint venture between Citigroup Property Investors and Auromatrix Hotels Private Limited, to develop aloft hotels across India. The brand's first two hotels to open in India will be aloft Bangalore, Whitefield and aloft Chennai, OMR - Sholinganallur.

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Omaxe subsidiary to purchase 25 acres of land in Kokapet, Hyderabad | INRnews

Hyderabad, India, December 20, 2007 - Omaxe Ltd has announced that Hyderabad Urban Development Authority has accepted the bid of M/s. Eden Buildcon Pvt Ltd (Wholly owned Subsidiary of the Company) for 25 acres of land situated at Kokapet Area in Hyderabad in an "Auction of Premium Plots for Multipurpose Use" in an open auction cum sealed tender basis.

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Parsvnath Developers announces maiden housing project in Jammu | INRnews

New Delhi, India, December 20, 2007 - Parsvnath Developers Ltd has announced the launch of an Integrated Group Housing Project "Parsvnath Passion" in Jammu. The Company on December 20, 2007, announced the launch of residential project, Parsvnath Passion duly approved by Jammu Development Authority (JDA) in the region with an approximate realization value of over Rs 100 crore in next three years including this financial year.

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Civic facilities for the urban poor | INRnews

New Delhi, India, December 20, 2007 - Based on National Sample Survey 61st Round data, the Planning Commission has brought out the figures of number of people living below poverty line in the urban areas. The Planning Commission has used two methods - Uniform Recall Period method and Mixed Recall Period method. According to Uniform Recall Period method, the estimated number of urban resident below poverty line is 8.08 million. According to Mixed Recall Period method, the estimate is 6.82 million in 2004-05.

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Reliance Retail Launches Reliance Super in Amritsar | INRnews

New Delhi, India, December 20, 2007 - Reliance Retail Ltd. announced the launch of a new format “Reliance Super” at Suraj chand tara cinema , Ground floor , Plot number 2 , City Centre , Amritsar. After the successful launch of the various formats - Reliance Fresh, Reliance Mart, Reliance Digital, Reliance Trendz, Reliance Footprint, Reliance Wellness, Reliance Jewels and Reliance Timeout, this is the Ninth format of stores from Reliance Retail to be launched in India.

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Unitech Corporate Parks Plc announces strong interim results | INRnews

London, UK, December 20, 2007 - Unitech Corporate Parks Plc (AIM: UCP), one of the leading investment companies focusing on commercial real estate in India, announces interim results for the six months ended 30 September 2007.

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December 19, 2007

Simplex Infrastructures - Rs 400 crore equity issue | INRnews

Mumbai, India, December 19, 2007 - Simplex Infrastructures Ltd has announced that the Board of Directors of the Company has approved allotment of 64,00,000 equity shares of Rs 2/- at Rs 625/- each amounting to Rs 400 crores to the Qualified Institutional Buyers under QIP. This new issue accounts for 13% of the expanded capital.

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Delhi Airport Development moves into a new phase | INRnews

New Delhi, India, December 19, 2007 - The ongoing modernization of Indira Gandhi International Airport moved into a new phase when the Honorable Minister for Civil Aviation, Mr. Praful Patel inaugurated the ‘Concrete Pouring’ process for the first slab of the Integrated Passenger Terminal Building (PTB). The Honorable Minister was also apprised on the status modernization and development works being carried out by Delhi International Airport (P) Limited to transform IGIA into a world class facility.

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December 18, 2007

Ministry of Housing and Urban Poverty Alleviation year-end review | INRnews

New Delhi, India, December 18, 2007 - The year 2007 witnessed several initiatives by the Ministry of Housing & Urban Poverty Alleviation such as unveiling of new National Urban Housing & Habitat Policy, restructuring the Scheme of Swarna Jayanti Shahari Rozgar Yojana (SJSRY), Skills Training for Employment and Promotion amongst the Urban Poor (STEPUP), Interest Subsidy Scheme of Housing for the Urban Poor, Integrated Low Cost Sanitation Scheme and Urban Statistics for HR and Assessments (USHA). The Ministry has also progressed well in the implementation of Jawaharlal Nehru National Urban Renewal Mission (JNNRUM). Kumari Selja, Minister of State (Independent Charge) for Housing & Urban Poverty Alleviation has said while giving a overview of the performance of the Ministry that considering the urban poverty issues becoming critical, the Ministry enhanced its budget for urban poverty alleviation by 40% during 2006-07.

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Dubai based 'Plus Properties' markets Middle East properties in India | INRnews

Mumbai, India, December 18, 2007 - Plus Properties, one of UAE’s leading real estate developers is planning to enter the burgeoning real estate market in India. Reputed for creating exquisite waterfront developments in UAE region, Plus Properties is planning to bring its expertise into the market by tying up with a local partner. At Cityscape exhibition in India, Plus Properties showcased three waterfront projects which generated immense interest and sales among the HNI segment.

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AP has the best policies for developing SEZ : Dr. Geeta Reddy | INRnews

Hyderabad, India, December 18, 2007 - Confederation of Indian Industry, Andhra Pradesh along with Andhra Pradesh Industrial Infrastructure Corporation (APIIC) organised a one day conference – The SEZ Forum 2007 focusing on the various issues pertaining to the impact of SEZs in economic development.

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Map region will be a counter magnet to migration to chennai | INRnews

Chennai, India, December 18, 2007 - “The development of towns and cities around Chennai, as envisaged by the Marakkanam, Arakkonam and Pulicat (MAP) Chennai Region, would strengthen the urban phenomenon in Tamil Nadu and absorb the shock of migration to Chennai. The MAP Chennai region would act as a counter magnet to the wave of migration to the metropolitan area, in the same way the National Capital Region comprising cities such as Gurgaon and Noida reduced the net rate of migration to Delhi,” said Mr S Jaipal Reddy, Minister for Urban Development, Government of India. He announced that the Central Government would soon give its nod to the Chennai Metro Rail project and help the State Government introduce Bus Rapid Transport System in Chennai and the tier II cities of Coimbatore, Trichy and Madurai.

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Pride Hotel gears up for expansion of Rs. 340 Crores | INRnews

Mumbai, India, December 18, 2007 - Pride Hotels announced today, that it has received a significant investment from Kotak India Real Estate Fund towards part financing of its Rs. 340 crore expansion-cum-renovation plan.

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December 17, 2007

Omaxe bids for projects in Delhi and Noida | INRnews

New Delhi, India, December 17, 2007 - Omaxe Ltd has announced that the Company has, on December 15, 2007, through a consortium comprising of its wholly owned subsidiary M/s. Omaxe Infrastructure & Construction Pvt Ltd and M/s. GVK Power & Infrastructure Ltd, submitted a Bid / RFQ with The National Highway Authority of India (NHAI) to undertake development of Badarpur Highway Elevated Project (consisting of construction of elevated Road of 4.4 kms in the Delhi Agra Section) through Private Participation on 'Build, Operate and Transfer' (BOT) basis.

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DS Kulkarni and GTC Real Estate NV to develop 250-acre SEZ in Pune | INRnews

Pune, India, December 17, 2007 - DS Kulkarni Developers Ltd has announced that the Board of Directors of the Company at its meeting held on December 15, 2007, has approved the Term Sheet executed last month between the Company and GTC Real Estate NV for Joint Development of a 250-acre Multi Services SEZ at Pune.

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Bharti retail in talks with realty majors for land | INRnews

New Delhi, India, December 17, 2007 - Bharti Retail, a subsidiary of Bharti Enterprises, Monday said it was holding discussions with major real estate players for setting up its stores.

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December 16, 2007

Fishman to invest $2B in a 4 million square meter township project in Jaipur, India | INRnews

Jerusalem, Israel, December 16, 2007 - Mondon Investments, the Indian real estate development subsidiary of Israeli firm Fishman Holdings recently purchased a 600-acre lot in Jaipur, India for $108 million.

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December 15, 2007

Sahara City Homes real estate project exhibited at Dubai | INRnews

Lucknow, India, December 15, 2007 - Sahara Infrastructure and Housing, India’s leading real estate company exhibits its flagship project ‘Sahara City Homes’ at Indian Property Show, Dubai. The Indian Property Show is one of the largest and most diverse exhibitions of exclusive Indian property to cater to the customers (NRIs) and Investors who are interested in Indian Properties. The show has attracted all the major real estate developers of India who are showcasing their projects to the prospective buyers in Dubai. The three days property show beginning from 13th December 2007 will be held at Airport Expo, Dubai.

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CII INFRA 2007 to propose 'MAP' region for development in Tamil Nadu | INRnews

Chennai, India, December 15, 2007 - Confederation of Indian Industry (CII), Tamil Nadu State Council is all set to propose the development of 'MAP' region (comprising Marakkanam, Arakkonam, and Pulicat) to build a strong Greater Chennai Region for balanced and inclusive regional development in Tamil Nadu.

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December 14, 2007

Parsvnath launches Group housing project at Sonepat, Haryana | INRnews

New Delhi, India, December 14, 2007 - Parsvnath Developers Ltd has announced the launch of Parsvnath Preston, a high-end group housing residential project, in Sonepat, Haryana. The expected realization from the project is over Rs 450 crore in next 3 years including this financial year.

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Atlanta Ltd buys property in Jodhpur; to develop mall | INRnews

Atlanta Ltd has announced that the Shreenath Builders, Partnership Firm in which the Company is a partner and having a stake of 51% has purchased a property named Olympic Cinema admeasuring 6988.89 sq. yards situated at Station Road, Jalori Gate, Jodhpur, Rajasthan from Adeshwar & Company at a purchase consideration of Rs 48,60,00,000 (Rupees forty Eight crores Sixty lacs) with the object to construct a Commercial Mall at the said property in the name and style of "ATLANTA V MALL".

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ADB Loans India $500M to Promote Public-Private Partnership Infrastructure Projects | INRnews

New Delhi, India, December 14, 2007 - The Asian Development Bank (ADB) will provide I