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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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