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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Main || Chandigarh
January 22, 2008
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.
December 13, 2007
Parsvnath Developers opens bookings for Parsvnath Prideasia in Chandigarh | INRnews
Chandigarh, India, December 13, 2007 - Encouraged by successful launch of first scheme Parsvnath PRIDEASIA, a premium township in Chandigarh, Parsvnath Developers Ltd now announces launch of second scheme for further bookings in the prestigious township.
November 19, 2007
Tech Mahindra sets-up Rs 200 crore campus in Chandigarh | INRnews
Chandigarh, India, November 19, 2007 - Tech Mahindra, one of the largest IT services and Telecom solutions providers for global telecom companies has announced the setting up of a state-of-the-art software development center at Chandigarh. This integrated campus at the Rajiv Gandhi Technology Park will be built on 15 acres of land and seat 5000 professionals.
November 15, 2007
Pearls Infrastructure high-end housing in Zirakpur, Punjab | INRnews
New Delhi, India, November 15, 2007 - Pearls Infrastructure Projects Ltd is offering a high-end housing project Nirmal Chhaya Towers, in VIP Road, Zirakpur, Punjab. Situated over 17.5 acres of lush green area, this residential complex is located strategically in terms of the convenience. The total value of this project is approximately Rs.300 crores.
October 01, 2007
CCEA approves infrastructure development of Panchkula, Mohali and Naya Raipur | INRnews
New Delhi, India, October 01, 2007 - The Cabinet Committee on Economic Affairs today gave its approval for the infrastructure development of Panchkula and Mohali near Chandigarh, and Naya Raipur in Chhatisgarh under the Jawaharlal Nehru National Urban Renewal Mission (JNNURM).
September 27, 2007
Parsvnath Developers gets good response to Chandigarh township | INRnews
Chandigarh, India, September 27, 2007 - Parsvnath Developers Ltd has announced that in an overwhelming response to the first phase of the launch of Parsvnath Prideasia, the Premium Township of the Company, more than 65% of the units on offer have been booked. 220 units in various categories at this luxurious township situated in the heart of Chandigarh have been booked amounting to a sale of Rs 325 crores approximately.
September 20, 2007
Smaller cities to fuel real estate growth says new report | INRnews
New Delhi, India, September 20, 2007 - As many as 11 tier II cities in the country are all set to transform the realty landscape of India, says a FICCI-Ernst & Young report on the Indian real estate sector. The FICCI-Ernst and Young Indian Real Estate Report, 2007: Growth and New Destinations, the highlights of which were released, reveals that besides eight metros, cities such as Surat, Chandigarh, Nagpur, Vadodara, Visakhapatnam and Jaipur are experiencing initial phase of rapid economic growth.
September 19, 2007
Chandigarh Housing Board to construct 10,000 houses | INRnews
Chandigarh, India, September 19, 2007 - The Chandigarh Housing Boad (CHB) is to construct about 10,000 houses for low and middle income groups in the city over the next 2-3 years.
September 17, 2007
Ansal Housing launches Ansals Woodbury Apartments in Zirakpur near Chandigarh | INRnews
Zirakpur, India, September 17, 2007 - Ansal Housing & Construction Ltd has announced that the Company on September 15, 2007 has launched a new Project named "Ansals Woodbury Apartments" at Zirakpur (Punjab). This is a Residential Group Housing Project located near PSEB Grid, Nabha Road, Babhat, Zirakpur (Punjab).
September 04, 2007
Rei Agro launches its Retail Chain in Punjab | INRnews
Chandigarh, India, September 04, 2007 - Rei Agro Ltd has announced that the Company has launched its retail chain called "6Ten" here in the state of Punjab and Haryana. The Company has started its operations in the state with the simultaneous opening of five stores in Chandigarh, Mohali & Punchkula on September 04, 2007.
August 30, 2007
Parsvnath Launches PRIDEASIA township at Chandigarh | INRnews
Chandigarh, India, August 30, 2007 - Parsvnath Developers Ltd on August 30, 2007 has announced the launch of Parsvnath PRIDEASIA, a strategically located project in Chandigarh. With a realization value of approximately USD 1 billion (Rs 4100 crore), Parsvnath PRIDEASIA is an exquisitely designed luxurious township providing for aristocratic living. Located amidst Sukhna lake, golf course, an upcoming five star hotel and in the backdrop of Shivalik range, an investment in this project would provide much more value to its resident than just a luxurious and comfortable living.
August 04, 2007
Government to build IT townships | INRnews
New Delhi, India, August 04, 2007 - The latest player to enter India's booming real estate sector is its government. Plans are on to develop 6-7 new IT townships called Knowledge Townships. These are to be located close to major cities and international airports with private sector participation.
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.
June 01, 2007
Emaar MGF kicks-off India's first integrated township – Mohali Hills | INRnews
Chandigarh, India, June 1, 2007 - Emaar MGF, India’s leading real estate developer today announced the commencement of its signature project Mohali Hills. The foundation Stone laying ceremony in the august presence of Honorable Chief Minister of Punjab, marks the auspicious beginning of the company’s pan India project plans. Mohali Hills is the maiden mega project of the joint venture in Punjab with a capital outlay of Rs. 16,000 crores.
April 19, 2007
Parsvnath Developers launches 440 Air-Conditioned Apartments in Panchkula near Chandigarh | INRnews
Chandigarh, India, April 19, 2007 - Parsvnath Developers Ltd has announced that on April 19, 2007 the Company has performed the earth breaking ceremony and launched Parsvnath Royale, a premium multistoryed group-housing complex in Panchkula, less than 11 km from Chandigarh. Parsvnath Royale, a 146 Crores project is spread over an area of 7.2 acres and is strategically located in the heart of the city. This land is a part of license number 610/2006 in the name of Samar Estates Pvt Ltd.
March 18, 2007
Chandigarh real estate and property market review | INRnews
Chandigarh, India, March 18, 2007 - Chandigarh is the first planned city of India and is the capital of the two states of Punjab and Haryana. According to leading global property consultancy firm Knight Frank, the Chandigarh real estate market has witnessed unprecedented growth over the last few quarters.
March 07, 2007
Parsvnath to develop modern Multimedia-cum-Film City centre at Chandigarh | INRnews
New Delhi, India, March 07, 2007 - Parsvnath Developers Ltd on March 02, 2007 has announced that the Company would develop a state-of-the-art Multimedia-cum film city centre at Sarangpur, Chandigarh. The project valued at approximately Rs 800 crore, has been awarded to the company after a highly competitive bidding by some of the prominent developers of the Country.
February 23, 2007
New housing scheme for middle class in Chandigarh | INRnews
Chandigarh, India, February 23, 2007: The Chandigarh Housing Board (CHB) is to launch a new housing scheme with 1,800 houses on offer on 42 acres of land in Sector 63. The project would target middle class buyers and is to be launched within the next six months.
January 16, 2007
Parsvnath wins Chandigarh film city project with Rs 191 crore bid | INRnews
Chandigarh, January 16, 2006 - Leading real estate developer Parsvnath Developers Ltd, have been awarded the Chandigarh film city project after bidding the highest amount of Rs. 191 crore.
January 14, 2007
Emaar MGF Land to raise $2.9 Bn in IPO | INRnews
Mumbai, January 14, 2007 - Emaar MGF Land Private Limited, a joint venture between Dubai based real estate giant Emaar Properties PJSC Dubai and Indian real estate developer MGF Development Limited, plans to raise over $2.9 billion in one of the largest real estate IPOs in India according to news reports.
September 12, 2006
Chandigarh residents enjoy the most greenery of any Indian city
According to finding reported by the Forest Department, the city of Chandigarh is probably the greenest city in India with a forest and tree cover of 35.5% of its total area. While the green cover in the rest of the country is fast disappearing, the administrators of this planned city have prevented Chandigarh from becoming a concrete jungle. Over 2.2 million tree saplings have been planted in the city over the last 15 years.
September 07, 2006
New bridge in Chandigarh to alleviate commuter woes
Work has begun on a new 3-lane bridge adjoining the old Ghaggar bridge on NH21 that connects Chandigarh with Delhi, Haryana and Himachal Pradesh. Pile testing of the bridge has started and the bridge is expected to be completed in less than two years.
September 04, 2006
Land inventory now available for Chandigarh
A move that should ideally be followed in all metros and leading Indian cities, to prepare a land inventory, has been undertaken successfully in Chandigarh.
July 28, 2006
Chandigharh real estate transactions fall
Real estate transactions have fallen significantly since April. Registrations in Panchkula have fallen from 250 per month at the start of the year to around 25 per month now. This follows a steep increase in collector rates from Rs.4,000 per square metre to Rs.15,000 per square metre and also a decision by the government to stop registrations based on a general power-of-attorney. Real estate prices have also fallen from Rs 3,300/sq ft last year to less than Rs 2,700/sq ft now.