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January 22, 2008

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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January 03, 2008

Godrej looking to develop factory land | INRnews

Mumbai, India, January 03, 2007 - The Godrej Group, a leading industrial group in India, is looking at real estate development of some of its factory properties.

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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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December 05, 2007

Future Group opens the first ‘Staples’ store in India | INRnews

Bangalore, December 05, 2007:  Future Group, the licensee of ‘Staples’ for India, today announced the launch of its first ‘Staples’ store in India, retailing over 700 products and carrying the entire gamut of technology and stationery assortment with the aim to make it easy for customers to run their offices. The new store has an area of about 15,000 sq.ft., spread  across two levels and is situated at Marathalli, Bangalore.

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Ishaan Real Estate PLC half year report | INRnews

Mumbai, India, December 05, 2007 - Ishaan Real Estate plc has released an interim report for the six months ended 30 September 2007. The key highlight is completion of 100% of investment in the initial portfolio with £133.2 million invested in eight projects across Mumbai, Hyderabad, Pune and Bangalore.

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December 04, 2007

D-Link India inaugurates its new R&D center at Bangalore | INRnews

Bangalore, India, December 04, 2007 - D-Link India Ltd. India’s premier networking company today inaugurated its new R&D center at Electronic City, Bangalore. The new R&D center was inaugurated by Prof. N. Balakrishanan, Associate Director, Indian Institute of Science, Bangalore in the presence of Mr. K. R. Naik, Executive Chairman, D-Link India Ltd., Mr. Jangoo Dalal, Managing Director & CEO, D-Link India Ltd. and more than 400 D-Link employees and customers.

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November 29, 2007

AMD osets up new R&D facility in Bangalore | INRnews

Bangalore, India, November 29, 2007 - AMD, a leading global provider of innovative processing solutions in the computing, graphics and consumer electronics markets, today announced the opening of a new silicon design and platform research and development (R&D) facility in Bangalore.

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November 20, 2007

DLF invites Private Equity players to its middle income homes business | INRnews

New Delhi, India, November 20, 2007 - DLF Ltd has announced that the Company has attracted participation of private equity real estate funds in its township projects by diluting 49% equity stake at a premium, in seven residential projects to a Merrill Lynch & Co entity for a consideration of Rs 1481 crore.

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Nagarjuna Construction consortium to develop Gulbarga and Shimoga airports in Karnataka | INRnews

Bangalore, November 20, 2007 - Nagarjuna Construction Company Ltd has announced that Infrastructure Development Department, Government of Karnataka, has selected a consortium of Maytas Infra Ltd (Maytas), NCC Infrastructure Holdings Ltd., (A 100% subsidiary of the Company) and VIE India Project Development and Holding LLC (VIE) to develop and operate airport proposed at Gulbarga and Shimoga on BOT basis.

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Propmart and City Green Farms Launch Integrated Township Project in Bangalore | INRnews

Bangalore, India, November 20, 2007 - An integrated township over 300 acres will come up over the next two years at Chikkaballapura, 55 km from Bangalore. This project, is being developed by the city-based real estate consultancy firm Propmart as a joint venture with Citi Green Farms.

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November 19, 2007

Cisco opens 1 million sq ft campus in Sarjapur, Bangalore | INRnews

Bangalore, India, November 19, 2007 - Cisco has opened a state-of-the-art Globalisation Centre East campus in Bangalore. The opening ceremony on Nov 13 was presided over by former Indian President Dr. A P J Abdul Kalam and John Chambers, Cisco Chairman & CEO. 

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November 12, 2007

Bangalore residential real estate market to see more balanced growth | INRnews

Bangalore, India, November 12, 2007 - With the release of much awaited CDP / Master Plan 2015, Bangalore city is expected to witness a more balanced growth in terms of residential developments, which presently are quite skewed and concentrated towards the southern & northern part of city. The development plan earmarks huge quantum of land under residential use in some of the comparatively un-touched zones of the city. The proposal tries to bridge the gap between future demand and desired supply.

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November 09, 2007

Bangalore office rentals move up in the third quarter | INRnews

Bangalore, India, November 09, 2007 - Rental values for office space in Bangalore moved up in the third quarter of 2007 according to real estate services firm Colliers International.

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November 01, 2007

CII welcomes TN's proposal for Chennai-Bangalore industrial corridor | INRnews

Chennai, India, November 01, 2007 - Confederation of Indian Industry (CII), Tamil Nadu State Council has welcomed today Tamil Nadu Chief Minister,  Dr Kalaignar M Karunanidhi’s proposal to the Prime Minister to announce the development of the Chennai-Bangalore industrial corridor as an Industrial Corridor of Excellence on the lines of the Delhi-Mumbai industrial corridor.

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October 03, 2007

DLF to develop New Bangalore City township in Bidadi | INRnews

Bangalore, India, October 03, 2007 - As per the announcement made by Karnataka government spokesperson, DLF has been awarded a project to develop  'New Bangalore City' in Bidadi following a global tender issued by Bangalore Metropolitan Regional Development Authority (BMRDA).

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September 28, 2007

‘HomeTown’ – home making store from the Future Group, comes to Marathalli, Bangalore | INRnews

Bangalore, September 28, 2007: Home Solutions Retail (India) Ltd., a part of the Future Group, today, announced the launch of ‘HomeTown’, India’s most comprehensive home making/ home improvement store, at Marathalli, Bangalore. Spread over an area of about 1,86,000 sq.ft. (built up), HomeTown will provide consumers with all that goes into building a house and everything to make it a ‘Home’.

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September 27, 2007

DTZ moves to larger premises in Bangalore | INRnewsDTZ moves to larger premises in Bangalore | INRnews

Bangalore, India, September 27, 2007 - Global real estate adviser DTZ has expanded its operations in India by relocating its Bangalore base to a modern 10,647 sq m office space in the heart of the city's CBD at Nitesh Timesquare.

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September 23, 2007

Bangalore residential real estate market sees slowdown | INRnews

Bangalore, India, September 23, 2007 - The Bangalore residential real estate market is experiencing a change in market dynamics and an overall slow-down in purchasing activity according to global real estate services firm Cushman & Wakefield. High prices, steep home-loan interest rates and anticipation of a price correction have resulted in only a marginal price escalation in the past few months accompanied by a 15%-25% drop in primary sales across micromarkets of Bangalore.

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September 19, 2007

Bangalore based Golden Gate Properties close to stake sale | INRnews

Bangalore, India, September 19, 2007 - Bangalore based real estate developer, Golden Gate Properties, is believed to be close to a sale of a 20%-30% stake in the company. Leading financial institutions like ABN Amro, Credit Suisse and Deutsche Bank are reported to be in the race for picking up this stake for an estimated $100 million, according to an article in the Economic Times.

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September 18, 2007

Vrindavan Tech Village to lease out 280k sq ft in Bangalore IT SEZ | INRnews

Bangalore, India, September 18, 2007 - Vrindavan TechVillage, one of the largest notified IT/ ITES SEZ in Bangalore announced their agreement to lease 280,000 sq ft to Outsource Partners International (OPI). Vrindavan TechVillage is a world class, 106 acre notified IT / ITES SEZ approved commercial development in Bangalore.

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September 17, 2007

Brigade Enterprises files for draft red herring prospectus with SEBI | INRnews

Bangalore, India, September 17, 2007 - Brigade Enterprises Limited, a Bangalore-based real estate company focusing on the development of residential, commercial and hospitality properties, has filed its Draft Red Herring Prospectus (“DRHP”) with the Securities & Exchange Board of India to enter the capital market with its initial public offering of its equity shares.

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September 13, 2007

Regularization of unauthorized developments & constructions in Karnataka | INRnews

Bangalore, September 13, 2007 - Owners of unauthorised developments and constructions in Karnataka will have an opportunity to regularise the same under a new scheme under Karnataka Town and Country Planning Rules 2007 that authorises all the local bodies in the state to regularise unauthorised properties. Applications for the same can be made starting this week.

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September 06, 2007

Paradox Black store in Bangalore | INRnews

Bangalore, India, September 06, 2007 - After successfully establishing their lifestyle stores, Paradox One and Paradox Pink in Delhi and Mumbai respectively, Raseel Gujral Ansal and Navin Ansal now launches ‘Paradox Black’ in the fast growing city of Bangalore at 21, Wood Street, Ashok Nagar, Bangalore – 25.

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September 04, 2007

Godrej Properties launches residential project in Bangalore | INRnews

Bangalore, India, September 04, 2007 - After numerous successful projects in Mumbai and Pune, Godrej Properties has now entered the Garden City of Bangalore with the development of Godrej Woodsman Estate. This development is strategically placed along the golden corridor of Hebbal & Devanhalli on the periphery of both the outer ring road and the 6-lane Golden Quadrilateral highway. Godrej Woodsman Estate rests in a large 15 acre area away from the noise and pollution of downtown Bangalore, yet within a 15-minute drive from premium schools, shopping centers and hospitals.

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August 08, 2007

Bids for the sale of HUL's Brookfields property open | INRnews

Bangalore, India, August 08, 2007 - Hindustan Unilever has been offloading prime real estate assets across the country. The latest to head for the auctioneers' block is its extensive 28-acre property in Whitefield, Bangalore. Brookfields was formerly Brooke Bond's corporate headquarters.

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July 20, 2007

Skyline Constructions and Housing Pvt. Ltd. to invest Rs. 200 Crore in Mangalore | INRnews

Mangalore, India, July 20, 2007 - Skyline Constructions and Housing Pvt. Ltd., one of the top builders in Karnataka and creators of luxury homes launched their ‘Blueberry Hills’ project in Mangalore today. Mr. Avinash Prabhu, MD of Skyline Constructions and Housing Pvt. Ltd announced that Skyline would invest over Rs. 200 crore in Mangalore across residential and commercial verticals.

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July 19, 2007

Bangalore property market expected to be stable | INRnews

Bangalore, India, July 19, 2007 - The Bangalore residential property market is expected to be stable for rentals as well as capital values in the coming months according to real estate services firm Cushman & Wakefield. The firm expects disparity in demand and supply for premium apartments in central locations such as Richmond Town, Off MG Road, Cunningham Road etc., as well as in Southeast Bangalore to reduce in the next 12-18 months consequently putting pressure on rental and property prices.

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July 18, 2007

Bangalore commercial property market looks strong | INRnews

Bangalore, India, July 18, 2007 - The commercial property market in Bangalore is looking strong for rentals and capital values.  According to real estate services firm Cushman & Wakefield,  rentals are up 27% and capital values are up 38% in the CBD over a year ago. While over 17.4 million sq.ft of office space is to be available in Bangalore in 2007, there is no new space coming up in the CBD area and as little as 259,000 sq.ft space off-CBD. With low supply, vacancy levels in the CBD stand lower than 3%.

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July 09, 2007

India's retail sector looks towards smaller cities | INRnews

Mumbai, India, July 09, 2007 - Most organised retailing and retail property activity is still concentrated in India's two largest cities - Delhi/NCR and MUmbai. While there are considerable property opportunities in these two cities, increasing competition and growing opportunities in India's regional markets is encouraging both retailers and property developers to move into new and potentially more rewarding markets further afield according to real estate services firm Jones Lang LaSalle Meghraj.

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June 14, 2007

India's 1st Real Estate TV Channel Launch in July | INRnews

Bangalore, India, June 14, 2007 - India’s first 24-hour premium TV Channel dedicated completely to real estate---is all set to be launched next month. This was announced here by the channel’s promoter, Mr Manoj Namburu, CMD of Alliance Group, a Rs.4400-crore enterprise. He said though the channel was promoted by the Alliance Group, it was of and for the real estate sector at large.  Alliance Group is a Rs4400 crore real estate enterprise with projects in Bangalore, Chennai, Hyderabad, Coimbatore and Mysore.

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