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January 21, 2008

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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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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January 14, 2008

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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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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January 03, 2008

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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December 18, 2007

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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December 03, 2007

The Taj Group launches Gateway Hotel in Vijayawada | INRnews

Vijayawada, India, December 03, 2007 - Taj Hotels Resorts and Palaces, today unveiled a new Gateway Hotel at Vijayawada. Conveniently located on MG Road, the Hotel is easily accessible from the railway station and the airport. Extremely stylish and modern, The Gateway Hotel, MG Road, Vijayawada is clearly the best option in the city for the business traveler. The hotel offers the largest room size in the city and combines the full suite of contemporary facilities to make every customers stay a refreshingly enjoyable experience.

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November 29, 2007

3i India Infra Fund to invest US$101m in Soma Enterprise | INRnews

Hyderabad, India, November 29, 2007 - 3i India Infrastructure Fund (the “Fund”), an investment fund established by 3i Group plc (“3i”), a leading global private equity and venture capital company, has invested US$101 million for a minority stake in Soma Enterprise Limited (“Soma”), a Hyderabad-based engineering and construction firm. Company director Ankineedu Maganti and his family will maintain a large majority stake in the business.

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November 22, 2007

Land plots to be auctioned in Visakhapatnam | INRnews

Visakhapatnam, India, November 22, 2007 - On behalf of the District Collector, Visakhapatnam, VUDA invites bids to dispose off Bulk Land Plots ranging from 3.00 Acres to 10.00 Acres in Madhurawada area and 27.00 Acres Plot in Paradesipalem in the limits of Greater Visakhapatnam Municipal Corporation (GVMC) through OPEN AUCTION cum SEALED TENDERS at VUDA Children Theatre (A/c Auditorium), Visakhapatnam from 10.00 A.M onwards on 5th December 2007.

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November 02, 2007

Omaxe buys Visakhapatnam land for Rs 100 crore | INRnews

Visakhapatnam, India, November 02, 2007 - Omaxe Ltd has announced that Visakhapatnam Urban Development Authority (VUDA) has vide its letter Dt. November 01, 2007 accepted the bid of M/s. Finishing Touch Properties and Developers Pvt Ltd (Subsidiary of the Company) in "Auction of Bulk land Plot No. 5 admeasuring 19.53 acres situated at Mathurwada Layout area in Visakhapatnam" in an open auction cum sealed tender basis and has made allotment of the said land on provisional basis subject to auction terms and conditions.

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October 29, 2007

Trikona Trinity Capital PLC invests in South Indian real estate projects | INRNews

London, UK, October 29, 2007 - Trikona Trinity Capital PLC (AIM: TRC) managed by Trikona Capital Limited, a fund created for investing in real estate and real estate related entities across India, is pleased to announce the £3.1m* second tranche of investment in its retail, commercial and residential initiative in Hyderabad, South India.

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October 09, 2007

CCEA approves Rs 185 crore Visakhapatnam Port upgradation project | INRnews

Visakhapatnam, India, October 09, 2007 - The Cabinet Committee on Economic Affairs today gave its approvals for up-gradation and modernization of iron ore handling facilities at the Outer Harbour of Visakhapatnam Port at an estimated cost of Rs. 185.15 crores.

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October 08, 2007

Minister approves road repair works in Andhra Pradesh | INRnews

New Delhi, India, October 08, 2007 - The Union Minister of Shipping, Road Transport and Highways, Thiru T.R. Baalu has approved a sum of  Rs. 40 crores under the  Central Road Fund (CRF) Scheme for road improvement works  in the state of Andhra Pradesh.

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September 21, 2007

Andhra Pradesh Housing Board earns Rs. 5.2 crore through land auctions | INRnews

Hyderabad, India, September 21, 2007 - The Andhra Pradesh Housing Board (APHB) has earned Rs 5.2 crore from the auction of eleven plots in Chintal, Bharatnagar in Sanathnagar and in Gachibowli.

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September 20, 2007

Vijayawada non-residential property taxes to increase | INRnews

Vijayawada, India, September 20, 2007 - Property taxes for non-residential properties in Vijayawada are to increase from October 1 due to a revision in the rental values. This follows a survey conducted in the city, in which it was found that prevailing rental values are far higher than the values fixed in 2001 when the last revision took place.

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August 10, 2007

Ocean Park Group enters Visakhapatnam real estate | INRnews

Visakhapatnam, India, August 10, 2007 - Ocean Park Group of Companies, the Hyderabad based group known for its unique projects and many of India’s FIRSTS and LANDMARK PROJECTS expands to Visakhapatnam, one of the top five fastest growing towns in the country.

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Infosys IT SEZ amongst 6 approvals granted | INRnews

New Delhi, India, August 10, 2007 - The Board of Approval of the Special Economic Zones (SEZs) met on August 8 to consider proposals for setting up of Special Economic Zones and also approve other miscellaneous requests pertaining to SEZs.  In this meeting, 8 applications for setting up SEZs, including 3 proposals for conversion of in-principle approvals to formal approvals were considered.  The Board recommended grant of 4 Formal approvals, including two IT/ITES SEZ by Infosys, and 2 In-principle approvals.

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August 06, 2007

CM releases a CII study on the industrial potential of Anantapur, Chittoor and Kadapa in Andhra Pradesh | INRnews

Hyderabad, India, August 06, 2007 - The Hon'ble Chief Minister of Andhra Pradesh, Dr. Y S Rajasekhara Reddy released IGNITE - The CII Study on the Industrial Potential of three districts of Andhra Pradesh - Anantapur, Chittoor & Kadapa in Hyderabad today in the presence of Dr. J Geeta Reddy, Hon'ble Minister for Sugar, Major Industries, Commerce and Export Promotion; Mr. Pradeep Dhobale, Chairman, CII Andhra Pradesh and Mr. Utpal Sen Gupta, Vice Chairman, CII Andhra Pradesh.

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CM releases a CII study on the industrial potential of Anantapur, Chittoor and Kadapa in Andhra Pradesh | INRnews

Hyderabad, India, August 06, 2007 - The Hon'ble Chief Minister of Andhra Pradesh, Dr. Y S Rajasekhara Reddy released IGNITE - The CII Study on the Industrial Potential of three districts of Andhra Pradesh - Anantapur, Chittoor & Kadapa in Hyderabad today in the presence of Dr. J Geeta Reddy, Hon'ble Minister for Sugar, Major Industries, Commerce and Export Promotion; Mr. Pradeep Dhobale, Chairman, CII Andhra Pradesh and Mr. Utpal Sen Gupta, Vice Chairman, CII Andhra Pradesh.

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July 30, 2007

Parsvnath Developers records 180% increase in net profit at Rs 102 crore for Q1 FY08 | INRnews

New Delhi, India, July 30, 2007 - Parsvnath Developers Ltd, India’s leading real estate developer with a pan India presence, recorded consolidated revenues of Rs 414.46 crore for the quarter ended June 30, 2007, an increase of 66.44% from Rs 249.01 crore in the corresponding quarter last fiscal. EBITDA was at Rs 152.14 crore, an increase of 162.31% as compared to Rs 58 crore in Q1 FY07. Net profit stood at Rs 102.18 crore, up by 179.56% from Rs 36.55 crore. The non annualized EPS at the end of the quarter was at Rs 5.53.

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July 10, 2007

Arihant Foundations to develop Rs 650 crore townsip in Vijayawada | INRnews

Chennai, India, July 10, 2007 - Arihant Foundations & Housing Ltd has announced that the Company has entered in to a development agreement dated July 09, 2007 with Vijayawada Guntur Tenali Mangalagiri Urban Development Authority "VGTM UDA" in the state of Andhra Pradesh through a SPV Company named Arihant Indo African Infra Developers & Builders Pvt Ltd, Hyderabad to undertake the development of a Township project of 53 acres at Vijayawada in the state of Andhra Pradesh.

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June 22, 2007

Formal approval granted to 36 SEZs; in principle approval to 9 | INRnews

New Delhi, India, June 22, 2007 - The Board of Approval (BOA) 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, 53 applications for setting up SEZs were considered and 36 Formal approvals and 9 In-principle approvals were granted.

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June 05, 2007

26 Formal and 9 in-principle SEZ approvals granted | INRnews

New Delhi, India, June 05, 2007 - The Board of Approval for 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 notified SEZs.

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April 19, 2007

TCS to expand in Hyderabad – Plans “State-of-the-Art” Campus for 15,000 seats | INRnews

Hyderabad, India, April 19, 2007 - Tata Consultancy Services (TCS), a leading IT services, business solutions and outsourcing organization, announced that it had signed a Memorandum of Understanding (MOU) with the Government of Andhra Pradesh to acquire 75 acres of land to develop a state-of-the-art development facility near the new international airport in Hyderabad. TCS will invest up to Rs 400 crore in the facility to create a capacity of 15,000 seats at Adibatla, which is part of Andhra Pradesh Industrial Infrastructure Corporation (APIIC) promoted Special Economic Zone.

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March 01, 2007

25 projects cleared under JNNURM for Andhra Pradesh | INRnews

New Delhi, India, March 01, 2007 - According to the Minister of Urban Development, S. Jaipal Reddy, 59 proposals have been received from Andhra Pradesh for release of funds since the inception of the Jawaharlal Lal Nehru National Urban Renewal Mission under the sub-mission, Urban Infrastructure and Governance.

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Andhra Pradesh Government to raise revenue from land sales | INRnews

Hyderabad, India, March 01, 2007 - The Andhra Pradesh Finance Minister Mr. K. Rosaiah has said that the State plans to raise Rs.8,500 crore from the sale of land to part-fund the Rs.32,973 crore annual budget.

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February 25, 2007

Cognizant gets 40 acres of land in Hyderabad | INRnews

Hyderabad, India, February 25, 2007 - Leading IT company Cognizant Technology has been allotted 40 acres of land in Adibatla village of Ranga Reddy district near Hyderabad. The company plans to build a 2 million sq.ft office on the plot at an investment of Rs.330 crores.

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February 19, 2007

Parliamentary committee discusses airport infrastructure in South India | INRnews

New Delhi, India, February 19, 2007 - The meeting of the Parliamentary Consultative Committee attached to the Ministry of Civil Aviation met at Cochin in Kerala today. It was chaired by Minister for Civil Aviation, Shri Praful Patel. The meeting focused on discussions on airport infrastructure and air connectivity in Southern India.

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February 06, 2007

Rs 3500 crore Satellite Township to come up at Tellapur near Hyderabad | INRnews

Hyderabad, February 6, 2007 - The Hyderabad Urban Development Authority (HUDA) has awarded a Rs.3,500 crore Satellite Township project at Tellapur near Hyderabad to a consortium comprising Nagarjuna Construction, ICICI Venture Funds and Tishman Speyer Properties.

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February 02, 2007

Choice Hotels to launch hotels in Andhra Pradesh | INRnews

Hyderabad, India, February 02, 2007 - Choice Hotels International, the worldwide franchisor of Cambria Suites, Comfort Inn®, Comfort Suites®, Quality®, Sleep Inn®, Clarion®, MainStay Suites®, Suburban Extended Stay Hotel®, Econo Lodge®, and Rodeway Inn® brand hotels is looking to enter the Andhra Pradesh market with hotels in Hyderabad, Tirupati and Vishakhapatnam.

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January 31, 2007

MoU signed for $25 bln real estate development project in Andhra Pradesh | INRnews

Hyderabad, January 31, 2007 - A consortium comprising of real estate developers Jurong International from Singapore and Springfield Land of Australia has signed a Memorandum of Understanding (MoU) with the Andhra Pradesh government to develop an integrated science city on 65,000 acres of land between Odicheruvu and Ammadiguda in Anantpur district of Andhra Pradesh. The location is just 200km from Bangalore and 400km from Hyderabad.