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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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March 31, 2008

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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March 25, 2008

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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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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March 11, 2008

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

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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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 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 12, 2008

Mahindra Lifespace to develop Sri Lanka SEZ | INRnews

Mumbai, India, February 12, 2008 - Mahindra Lifespace Developers Ltd has announced that at a high powered delegation of Indian Industrialists and Heads of Indian Corporates, led by Hon'ble Shri. Jairam Ramesh, Minister of State for Commerce, to Sri Lanka, an agreement was signed in Colombo, between the Board of Investments of Sri Lanka, and Mahindra Lifespaces Developers Ltd (MLDL) for developing a Special Economic Zone (SEZ) in Sri Lanka, at Katunayeke. The SEZ will be stretched over 65 acres, for a mixed-use development, including an IT Park having a strategic advantage of being located opposite the Bandarnayake International Airport. This SEZ would bring about development of around 3 million sq. ft of built space, and more importantly generate over 35,000 jobs in the country. The Agreement was signed by Hon. Dr. Sarath Amunugama, Minister of Enterprise Development and Investment Promotion, Sri Lanka and Mr. Arun Nanda, Vice Chairman of MLDL, in the presence of Shri. Jairam Ramesh.

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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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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 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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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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January 13, 2008

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 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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December 20, 2007

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 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 05, 2007

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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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 24, 2007

MphasiS opens BPO facility in Indore | INRnews

Indore, India, November 24, 2007 - MphasiS and Idea today jointly announced the inauguration of a new BPO facility in Indore. MphasiS will provide contact centre services to Idea Cellular. This is the fifth MphasiS BPO facility that caters exclusively to the domestic BPO space, the other four being Ahmedabad, Bangalore, Noida and Puducherry.

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November 22, 2007

Kolkata office and retail real estate on growth path | INRnews

Kolkata, India, November 22, 2007 - Kolkata has all the ingredients for high growth in its real estate market, according to real estate services firm Jones Lang LaSalle Meghraj (JLLM). One of the oldest urban agglomerations in the country, Kolkata lost its position as the erstwhile commercial capital of India to Mumbai due to the socialist manifesto adopted by the West Bengal government post-independence. Now JLLM believes the state is witnessing a resurgence driven by government policy and support for the service industry and infrastructure development that is once again attracting industry and capital to the city.

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Retail space in Kolkata heating up | INRnews

Kolkata, India, November 22, 2007 - The retail space in Kolkata is heating up with over 17 new malls to come up in the city within two years with an additional 5.5 million sq ft of retail space.

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London, Mumbai top list of world's most expensive office markets | INRnews

Mumbai, India, November 22, 2007 - London’s West End, Mumbai, the City of London and Moscow are the top four most expensive office markets in the world, according to CB Richard Ellis Research’s semi-annual Global Market Rents survey. The report tracks the world’s most expensive markets as well as markets with the fastest growing rents over the past 12 months.

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November 20, 2007

Gulf Finance House to invest over US$ 2 billion in Mumbai | INRnews

Mumbai, India, November 20, 2007 - Bahrain-based Gulf Finance House (GFH) is investing over US$ 2 billion in a green field site close to Navi Mumbai, near to the commercial capital's airport. GFH has already raised US$ 630 million towards the initial development and infrastructure requirements of the project.

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3i Infotech announces major expansion plans in Chennai | INRnews

Chennai, India, November 20, 2007 - 3i Infotech Ltd has announced that the Company recently unveiled its expansion plans in Chennai. The Company announced the launch of its first International Data Centre (IDC), which will offer managed hosting services for application and disaster recovery solutions.

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Kolkata based real estate developer Merlin Group to invest Rs 2,000 crore in the state | INRnews

Kolkata, India, November 20, 2007 - Kolkata-based real estate developer  Merlin Group is to invest around Rs 2,000 crore by 2010 to create industrial infrastructure, commercial and residential real estate projects in West Bengal.

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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.

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RPS Group to launch IT Park in Faridabad | INRnews

Faridabad, India, November 19, 2007 - The RPS Group is to develop an IT Park in Faridabad, on NH-2, Mathura Road with a distance of just 1 km from the Badarpur Border, Delhi. The site is located close to two international airports - Indira Gandhi International Airport & the proposed International Airport at Jevar. 

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Ishaan invests in 4.5 million sq ft of commercial development space in India | INRnews

Navi Mumbai, India, November 19, 2007 - Ishaan Real Estate plc today announces that it has concluded its investment in an IT SEZ (Special Economic Zone) in Navi Mumbai, on which a development of up to 4.5 million sq ft of commercial space is planned.

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November 17, 2007

Real estate developer Prestige Group buys prime Chennai property | INRnews

Chennai, India, November 17, 2007 - Bangalore-based real estate developer, Prestige Group, has purchased a 2.8-acre prime property on Chennai's high street - Anna Salai.

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November 13, 2007

IT SMEs seek tax benefits on office space rentals | INRnews

Chennai, India, November 13, 2007 - The government needs to set up IT parks for small and medium enterprises (SMEs) with nominal occupation charges and permit co-ownership of space at special economic zones (SEZs).  This was stated by Mr Raghunathan, President, IT-SME Association at a pre-budget discussion hosted by FICCI.

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