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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.

April 04, 2008

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.

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).

April 02, 2008

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.

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.

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.

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.

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.

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.

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.

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.

March 24, 2008

Nagarjuna Construction & Maytas Infra partner with Paschal-Werk G. Maier GmbH, Germany to establish a state-of-the-art Formwork Factory in Vizag | INRnews

Visakhapatnam, India, March 24, 2008 - Nagarjuna Construction Company Ltd has announced that the Company and Maytas Infra Ltd, two of India's leading Construction and Infrastructure Companies, on March 24, 2008 announced that they have together entered into a partnership with Paschal-Werk G.Maier GmbH, which is one of the World's leading Formwork (shuttering) Companies from Germany, to establish a factory in Vizag which will manufacture Formwork (Modular Shuttering Systems).

March 23, 2008

GMR Infrastructure - GMR-Limak-MAHB Consortium signs Implementation Agreement for Istanbul International Airport | INRnews

New Delhi, India, March 23, 2008 - GMR Infrastructure Ltd has announced that the winning consortium of GMR Infrastructure Ltd (GMR), Limak Insaat San.Ve Tic. A.S(Limak) and Malaysia Airports Holding Berhad (MAHB) signed the Implementation Agreement with the Turkish Government's Ministry of Defence on March 20, 2008 for Istanbul Sabiha Gokcen International Airport (SGIA) in Turkey.

GMR Infrastructure - GHIAL gets clearance to commence operations at Hyderabad Intl Airport | INRnews

Hyderabad, India, March 23, 2008 - GMR Infrastructure Ltd has informed BSE that GMR Hyderabad International Airport Ltd (GHIAL), a subsidiary Company had received notification from Ministry of Civil Aviation (MoCA) to commence commercial operations at Rajiv Gandhi International Airport, Shamshabad, Hyderabad from 0001 hours on March 23, 2008.

March 14, 2008

KSL & Industries to develop 15 properties across India | INRnews

Mumbai, India, March 14, 2008 - KSL and Industries Ltd., Mumbai-based leading textile and yarn manufacturer has embarked on a major expansion to develop real estate on a pan-India basis.

Now 24x7 telemedicine services for residents of select Mantri Developers homes | INRnews

New Delhi, India, March 14, 2008 - For the first time in India, Mantri Developers Pvt. Ltd. has tied up with Apollo Hospitals Ltd. to provide quality health care services 24 x 7 through Telemedicine to residents of select Mantri homes, using contemporary state of the art technology. Residents will now be able to harness the power of interconnectivity to obtain instant diagnosis from an expert panel of doctors associated with Apollo Hospitals. This historic service will be first introduced in Mantri Espana, a Super Luxury residential complex located at Sarjapur, Outer Ring Road, Bangalore.

March 12, 2008

Ansal API- Giving Kurukshetra a modern makeover | INRnews

New Delhi, India, March 12, 2008 - Ansal API in its endeavour to provide the best real estate solutions and redefining lifestyle standards in Kurukshetra has introduced one of its kind, truly luxurious and epic township- “Sushant City- Kurukshetra”. Located strategically on the NH-1, the township is spread over an area of 200 acres with, malls, local shopping centres, schools, hospitals, jogging tracks, parks, club, community centre etc.

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.

March 10, 2008

Omaxe gets NOC from Punjab Pollution Control Board | INRnews

New Delhi, India, March 10, 2008 - Omaxe, one of the India’s leading real estate companies has been granted NOC from Punjab Pollution Control Board for ‘Omaxe Greens’, - an island of serenity & peace offering low rise group housing towers over an area of  16.5 acres in Derabassi, Punjab.

Omaxe gets NOC from Punjab Pollution Control Board | INRnews

New Delhi, India, March 10, 2008 - Omaxe, one of the India’s leading real estate companies has been granted NOC from Punjab Pollution Control Board for ‘Omaxe Greens’, - an island of serenity & peace offering low rise group housing towers over an area of  16.5 acres in Derabassi, Punjab.

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.

C & C Constructions awarded Himachal Pradesh infrastructure contracts | INRnews

Mumbai, India, March 10, 2008 - C & C Constructions Ltd has announced that the Company has been awarded two contracts amounting to Rs 202 crores from the Himachal Pradesh Road and Infrastructure Development Corporation Ltd.

March 08, 2008

Bengaluru Int'l Airport conducts final flight trials | INRnews

Bangalore, India, March 08, 2008 - The flight trials conducted today at the Bengaluru International Airport in a near live environment heralded its operational readiness.  Kingfisher Airlines, Air Deccan and the Indian Air force, whose aircrafts landed and took off at the Bengaluru International Airport, participated in the trials to ensure a smooth airport opening.

Bengaluru Int'l Airport conducts final flight trials | INRnews

Bangalore, India, March 08, 2008 - The flight trials conducted today at the Bengaluru International Airport in a near live environment heralded its operational readiness.  Kingfisher Airlines, Air Deccan and the Indian Air force, whose aircrafts landed and took off at the Bengaluru International Airport, participated in the trials to ensure a smooth airport opening.

Pantaloons store opens in Guwahati | INRnews

Guwahati, India, March 8, 2008 - Pantaloons, India’s leading fashion retailer, today, inaugurated its first store in Guwahati, located at DT Towers, GS Road, Near Downtown Hospital. The new store is the thirty eighth Pantaloons store in India and is spread across 33,500 sq.ft. area, over three levels.

Pantaloons store opens in Guwahati | INRnews

Guwahati, India, March 8, 2008 - Pantaloons, India’s leading fashion retailer, today, inaugurated its first store in Guwahati, located at DT Towers, GS Road, Near Downtown Hospital. The new store is the thirty eighth Pantaloons store in India and is spread across 33,500 sq.ft. area, over three levels.

March 05, 2008

Nagarjuna Construction secures three new orders | INRnews

Mumbai, India, March 05, 2008 - Nagarjuna Construction Company Ltd has announced that the Company has secured three new orders aggregating Rs 424 crores. The first order valued at Rs 266 crores is secured from the Commissioner, Indore Municipal Corporation, Indore for construction of Sewerage System & allied works to be completed over a period of 36 months. The second order is from the MMRDA (Mumbai Metropolitan Region Development Authority), Mumbai, Maharashtra for construction of Flyovers on Dr. Babasaheb Ambedkar Marg valued at Rs 112 crores to be completed over a period of 18 months and the third order valued at Rs 46 crores is secured from the Volkswagen India Pvt Ltd., Chakan, MIDC, Pune, Maharashtra for construction of Body Shop hall to be completed over a period of 12 months.

February 28, 2008

Parsvnath Developers commences construction of group housing project at Sonepat | INRnews

New Delhi, India, February 28, 2008 - Parsvnath Developers Ltd on February 28, 2008 has announced the start of construction of 'Parsvnath Preston' a high-end group housing residential project, in Sonepat, Haryana. The expected realization from the project is over Rs 500 crore in next 3 years including this financial year. The project is spread over a saleable area of 2.2 million sq. ft.

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.

February 21, 2008

Parsvnath performs Bhoomipujan of "Parsvnath Mall" at Rohini | INRnews

New Delhi, India, February 21, 2008 - Parsvnath Developers Ltd on February 21, 2008 has announced the beginning of construction of its prestigious Mall at Rohini christened as "Parsvnath Mall". Parsvnath will invest approx. Rs 280 crores in the project. The Company performed the earth-breaking ceremony today.

HDIL sells Mumbai property for Rs 900 crore | INRnews

Mumbai, India, February 21, 2008 - Housing Development & Infrastructure Ltd (HDIL) has announced that the Company has entered in to sale of Developmental rights agreement dated February 21, 2008 with respect to its project named Kaledonia situated at sahar Road, Andheri (East) with Mack Star marketing pvt ltd for a consideration of Rs 900 crores (Rupees Nine hundred crores).

HDIL sells Mumbai property for Rs 900 crore | INRnews

Mumbai, India, February 21, 2008 - Housing Development & Infrastructure Ltd (HDIL) has announced that the Company has entered in to sale of Developmental rights agreement dated February 21, 2008 with respect to its project named Kaledonia situated at sahar Road, Andheri (East) with Mack Star marketing pvt ltd for a consideration of Rs 900 crores (Rupees Nine hundred crores).

February 19, 2008

Parsvnath Developers launches a mega Mall-cum-Multiplex at Dehradun in Uttarakhand | INRnews

Dehradun, India, February 19, 2008 - Parsvnath Developers Ltd has announced that the Company has launched the first of its kind mega mall cum multiplex, Parsvnath Eleganza in Dehradun. The Company will invest Rs 40 crore in developing the complex.

February 15, 2008

Unitech consortium company gets 12,500 acres of land in West Bengal for Chemical SEZ | INRnews

Kolkata, February 15, 2008 - Unitech Ltd has announced that Government of West Bengal has given possession of about 12,500 acres of land at Nayachar Island (near Haldia) on February 15, 2008 to the developer PCR Chemicals Pvt Ltd for development of, inter alia, Chemical SEZ.

Unitech consortium company gets 12,500 acres of land in West Bengal for Chemical SEZ | INRnews

Kolkata, February 15, 2008 - Unitech Ltd has announced that Government of West Bengal has given possession of about 12,500 acres of land at Nayachar Island (near Haldia) on February 15, 2008 to the developer PCR Chemicals Pvt Ltd for development of, inter alia, Chemical SEZ.

Ansal Housing launches "Ansal Town" in Muzaffarnagar, UP | INRnews

Muzaffarnagar, India, February 15, 2008 - Ansal Housing & Construction Ltd has announced that, on February 15, 2008, the Company has launched a new Project named "Ansal Town", at Muzaffarnagar (U.P.). This is an Integrated Township Project at Shukratal Road, Muzaffarnagar (U.P.).

February 14, 2008

Home Solutions launches its first ‘Value’ home making retail concept in Aurangabad | INRnews

Aurangabad, India, February 14, 2008 -  Home Solutions Retail (India) Ltd., a part of the Future Group, today, announced the launch of a brand new retail format in the Home Segment called ‘Home Bazaar’, - a satellite version of its national home making and improvement retail brand Home Town. The first of its store was inaugurated in Aurangabad’s M Square Mall, Jalna Road here today.

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.

February 07, 2008

Indiabulls acquires DLF stake in Tehkhand residential project at South Delhi | INRnews

New Delhi, India, February 07, 2008 - Indiabulls Real Estate Ltd has announced that Indiabulls Infrastructure Ltd ("IIL"), a subsidiary of the Company, has acquired 100% shareholding of Catherine Builders and Developers Pvt Ltd ("Catherine") from DLF Home Developers Ltd.

February 04, 2008

Parsvnath & ITC join hands to manage hotels | INRnews

New Delhi, India, February 04, 2008 - Parsvnath Developers Ltd has announced that Parsvnath Hotels Ltd (PHL), a subsidiary of Parsvnath Developers Ltd, has signed a MoU with Fortune Park Hotels Ltd (FPHL), a wholly owned subsidiary of ITC Ltd, to manage 50 Hotels across the country in next three to five years.

February 02, 2008

Delhi International Airport acquires state of art runway equipement| INRnews

New Delhi, India, February 02, 2008 - GMR Infrastructure Ltd has announced that Delhi International Airport Pvt Ltd (DIAL), a subsidiary of the Company, has acquired state of the art runway de-rubberizing equipment, called the TrackJet. This ultra modern equipment utilises a revolutionary hi-pressure water jet technology to clean up rubber deposits on the runway's surface.

January 25, 2008

Parsvnath awarded occupancy nod for Phase I of Greenville project in Gurgaon | INRnews

Gurgaon, India, January 25,, 2008 - Parsvnath Developers Ltd has announced that in a commendable development, the Company has obtained the completion and occupancy certificate from Director, Town and Country Planning, Haryana for 228 units of Parsvnath Greenville, the residential project located on Main Gurgaon Sohna Road. The units for which the completion certificate has been received are categorized as 2BR and 3BR apartments in low-rise building.

January 22, 2008

Tata Realty and Infrastructure sets its sights on fast growth in a booming market | INRnews

Mumbai, India, January 22, 2008 - Tata Realty and Infrastructure (TRIL), one of the newer companies in the Tata Group and a 100 per cent subsidiary of Tata Sons, is all set to play its part in developing the nation.

KNR Const IPO opens on Jan 24, price band Rs 170-180/share | INRnews

Mumbai, India, January 22, 2008 - KNR Constructions Limited (the "Company"), an infrastructure project development company, will enter the capital market soon with an Initial Public Offering ("IPO") of 7,874,570 equity shares of Rs 10 each for cash at a price ("Equity Shares") to be decided through a 100% book-building process. The Bid/ Issue opens for subscription on January 24, 2008 , and closes on January 29, 2008 . The Price Band has been fixed between Rs 170 and Rs 180 per Equity Share.

Emaar MGF Land Limited IPO opens on February 01, 2008 | INRnews

Mumbai, India, January 22, 2008 - Emaar MGF Land Limited (“Emaar MGF” or the “Company”), a joint venture between one of the world’s leading real estate companies, Emaar Properties PJSC of Dubai, and MGF Development Limited of India, is entering the capital market with an initial public offering (“IPO”) of 102,570,623 equity shares of face value Rs 10 each for cash at a price (“Equity Shares”) to be determined through a 100% book building issue.

January 21, 2008

Sabari Foundations to develop apartment complex at Siruseri, Chennai | INRnews

Chennai, India, January 21, 2008 - Chennai-based Sabari Foundations is to develop 308 apartments on a 10-acre site near the Sipcot Industrial complex at Siruseri. The total project cost is Rs 180 crore.

SVP Builders to invest Rs 500 crore in NCR | INRnews

New Delhi, India, January 21, 2008 - SVP Builders India Ltd., a 2000-crore real-estate development company based out of Ghaziabad, National Capital Region, has announced that they are planning to invest Rs. 500 crores within the next 2 years to provide over 3100 flats across commercial and residential and also foray into healthcare industry by means of a multi-specialty 300-bed hospital in Faridabad.

Indiabulls launches retail venture | INRnews

Mumbai, India, January 21, 2008 - Indiabulls Wholesale Services Ltd, the retail arm of the Rs-40,000  crore Indiabulls group has launched  42 stores across two retail formats-branded "Indiabulls Mart" and "Indiabulls Megastore", as part of its strategy to emerge as a leading player in the retail market.

L&T launches premium township project off Old Mahabalipuram Road, Chennai | INRnews

Chennai, India, January 21, 2008 - L&T South City Projects Limited (L&T SCPL) has launched “Eden Park” – an integrated township off Old Mahabalipuram Road, Chennai, on January 18, 2008.

Hindustan Construction wins Rs 375 crore project in Visakhapatnam | INRnews

Visakhapatnam, India, January 21, 2008 - Hindustan Construction Company Ltd has announced that the Company has received a Letter of Acceptance from Indian Strategic Petroleum Reserves Ltd, New Delhi, for execution of Civil works for Underground Rock Cavern (Part A) for Strategic Storage of Crude Oil Project at Visakhapatnam, Andhra Pradesh.

DLF signs MoU with Gayatri Projects to develop infrastructure Projects | INRnews

New Delhi, India, January 21, 2008 - DLF Ltd has announced that the Company has signed a Memorandum of Understanding (MoU) with Gayatri Projects Ltd (GPL), one of the leading infrastructure Companies in India, to develop roads and highway projects across the country.

Gurgaon gets second Reliance Retail minimart | INRnews

New Delhi, India, January 21, 2008 - Reliance Retail Ltd has announced the launch of its second Minimart ‘Reliance Super’ at LG-01, DT Mega Mall, DLF City, Gurgaon – 122002 Haryana. After the successful launch of the various formats - Reliance Fresh, Reliance Mart, Reliance Digital, Reliance Trendz, Reliance I store Reliance Footprint, Reliance Wellness, Reliance Jewels and Reliance Timeout, this is the tenth format of stores from Reliance Retail to be launched in India.

January 15, 2008

Hirandani Palace Gardens in Chennai sees strong sales | INRnews

London, UK, January 15, 2008 - Hirco PLC (AIM: HRCO), the investment vehicle for Hiranandani, India’s largest developer of prestigious mixed-use townships, today announced that sales of residential units in Phase 1 of its Chennai township development, Hiranandani Palace Gardens, continue to be strong both in terms of volume of residential units sold and the level of pricing achieved.

January 14, 2008

Ansal Housing to raise over Rs 70 crore | INRnews

Mumbai, India, January 14, 2008 - Ansal Housing & Construction Ltd has announced that the shareholders at the Extra Ordinary General Meeting (EGM) of the Company held on January 12, 2008, inter alia, have approved the following:

Kolte-Patil Developers launches serviced apartments in Hinjewadi, Pune | INRnews

Pune, India, January 14, 2008 - Kolte-Patil Developers Limited, one of the leading real estate developers in India, have launched ‘Green Olive’ project, a four star serviced apartments project, at Rajiv Gandhi IT park, Hinjewadi, Pune with a total investment of 74 cr.

January 11, 2008

Mercantile Bank Building in Vashi sold to Shah Group | INRnews

Mumbai, India, January 11, 2008 - The Mercantile Bank building in Vashi has been sold to the Shah Group.

January 10, 2008

Paranjpe Schemes launches residential project in Sopan Baug, Pune | INRnews

Pune, India, January 10, 2008 - Pune based developer Paranjpe Schemes Construction Ltd has launched a new apartment project "La Cresta" in Sopan Baug, Pune.

Unitech to list UOT in Singapore | INRnews

Mumbai, India, January 10, 2008 - Unitech Ltd has announced that Unitech office Trust ("UOT") (a business trust proposed to be formed and registered under the laws of Singapore) is contemplating offer of its units for subscription by the investors, including the public in Singapore, by way of an initial public offering in Singapore ("IPO"), which is proposed to be listed on the Main Board of Singapore Exchange Securities Trading Ltd ("SGX-ST"). In pursuance of the aforesaid, SGX-ST has granted the 'Eligibility to list' to UOT on January [09], 2008, subject to the conditions specified therein.

January 09, 2008

Dev Property Development eyes £114 million sale of development projects in Mumbai | INRnews

Mumbai, India, January 09, 2008 - Dev Property Development plc (AIM: DPD), a company investing in Indian real estate, today announces that it has sent a circular to shareholders convening an extraordinary general meeting (EGM) on 25 January 2008. The purpose of the EGM will be to seek shareholder consent for the disposal of Dev's interests in two of its three development projects for a total minimum consideration of £114 million (the Minimum Consideration).

Land allotted for Private IT Park at Rajiv Gandhi IT Habitat at Dona Paula, Goa | INRnews

Panaji, India, January 09, 2008 - BSEL Infrastructure Realty Limited in 50:50 Joint Venture with Unity Infraprojects Limited, has been awarded and allotted an area of 40,000 sq. meters with 1.50 Floor Space Index (FSI) at “Rajiv Gandhi IT Habitat” at Donna Paula, Goa for developing and constructing an Information Technology Park (IT Park).

January 08, 2008

Parsvnath Developers awarded 90 crore contract to build SAI ASHRAM at SHIRDI | INRnews

Shirdi, India, January 08, 2008 - Parsvnath Developers Ltd has announced that the Company has been awarded the construction contract of Sai Ashram at Shirdi in Maharashtra. The work has been awarded by Shirdi Sai Trust, Chennai, and the managing, trustee being Mr. K V Ramani.

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.

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.

IRB Infra gets SEBI go ahead, IPO by 3rd week | INRnews

Hyderabad, India, January 02, 2008 - Mumbai-based IRB Infrastructure Developers Limited, an infrastructure development and construction company in India with significant experience in the roads and highways sector, has received SEBI observations for its public issue of 51,057,666 Equity shares of Rs 10 each through 100% book building process.

Ramky Infrastructure Limited files DRHP with the SEBI | INRnews

Mumbai, India, January 02, 2008 - Ramky Infrastructure Limited (the “Company”), an integrated construction, infrastructure development and management company in India with a strategic emphasis on environmental oriented projects, has filed its Draft Red Herring Prospectus (“DRHP”) with the Securities & Exchange Board of India (“SEBI”) to enter the capital market soon with an Initial Public Offering (“IPO”) of equity shares of Rs 10 each for cash at a price (“Equity Shares”) to be decided through a 100% book-building process and aggregating to Rs 4,000 million.

December 28, 2007

Unity Infraprojects wins mall project in Kurla, Mumbai | INRnews

Mumbai, India, December 28, 2007 - Unity Infraprojects Ltd has announced that the Company has received the Letter of Intent from Offbeat Developers Pvt Ltd, Mumbai for Civil Construction Work for construction of Mall named Market City, at Kurla, Mumbai. The Contract Value of the Project is Rs 57.41 crores (Rupees Fifty Seven Crores and Forty One Lakhs Only) excluding the cost of concrete and it is to be completed within 15 months.

Parsvnath Developers completes Phase II of Parsvnath Prestige Housing project in Noida | INRnews

Noida, India, December 28, 2007 - Parsvnath Developers Ltd has announced that the Company has obtained the completion and occupancy certificate from NOIDA Authority for its Group Housing project at Noida, Parsvnath Prestige for the second phase, after successfully receiving the completion and occupancy certificate for 1st Phase.

BSEL issues US$35 million worth of GDRs | INRnews

Hyderabad, India, December 28, 2007 - BSEL Infrastructure Realty Limited has completed an issue of 2,147,202 GDRs raising amount of US$35 million. The GDRs will be listed on the Luxembourg Stock Exchange today. The underwriter for the transaction was Rodman & Renshaw, LLC, a subsidiary of Rodman & Renshaw Capital Group, Inc and Fortress Financial Services Ltd.

Hirco publishes annual report, sees strong growth in Indian real estate | INRnews

London, UK, December 28, 2007 – Hirco PLC (AIM: HRCO), the investment vehicle for Hiranandani, India’s largest developer of prestigious mixed-use townships, today announced that it has published its Annual Report and Accounts for the period ended 30 September 2007.

December 27, 2007

Parsvnath Developers to build Highway Mall at Rajpura, Punjab | INRnews

New Delhi, India, December 27, 2007 - Parsvnath Developers Ltd has announced the launch of its premium commercial project, Parsvnath Highway Mall, in the city of Rajpura, Punjab. The project will enhance the travelers' joy by combining comfort and leisure.

Akruti-DLF Bags Prestigious BAI Universal Award 2007 | INRnews

Mumbai, India, December 27, 2007 - DLF Akruti Info Parks (Pune) Ltd., a joint venture SEZ project between Akruti City Ltd. and DLF has bagged the prestigious ‘BAI Universal Award 2007 for Best Equipped and Mechanized Site’. The joint venture SEZ project, currently under construction at the Rajiv Gandhi Infotech Park, Phase II, Hinjewadi, was identified for the award.

December 21, 2007

Eredene Capital PLC invests in logistics centres in NCR, Uttaranchal and Punjab | INRnews

London, UK, December 21, 2007 - Eredene Capital PLC (AIM: ERE), the AIM quoted Indian property developer, today announces that its wholly owned subsidiary Bandra Mauritius Limited (together “the Eredene Group”) has agreed to invest up to INR 854 million (£11 million) in a £26 million project to build and operate three multi-user logistics centres in a ‘hub and spoke’ model on 28 acres of land in Northern India.

December 20, 2007

Omaxe subsidiary to purchase 25 acres of land in Kokapet, Hyderabad | INRnews

Hyderabad, India, December 20, 2007 - Omaxe Ltd has announced that Hyderabad Urban Development Authority has accepted the bid of M/s. Eden Buildcon Pvt Ltd (Wholly owned Subsidiary of the Company) for 25 acres of land situated at Kokapet Area in Hyderabad in an "Auction of Premium Plots for Multipurpose Use" in an open auction cum sealed tender basis.

Parsvnath Developers announces maiden housing project in Jammu | INRnews

New Delhi, India, December 20, 2007 - Parsvnath Developers Ltd has announced the launch of an Integrated Group Housing Project "Parsvnath Passion" in Jammu. The Company on December 20, 2007, announced the launch of residential project, Parsvnath Passion duly approved by Jammu Development Authority (JDA) in the region with an approximate realization value of over Rs 100 crore in next three years including this financial year.

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.

December 19, 2007

Simplex Infrastructures - Rs 400 crore equity issue | INRnews

Mumbai, India, December 19, 2007 - Simplex Infrastructures Ltd has announced that the Board of Directors of the Company has approved allotment of 64,00,000 equity shares of Rs 2/- at Rs 625/- each amounting to Rs 400 crores to the Qualified Institutional Buyers under QIP. This new issue accounts for 13% of the expanded capital.

Delhi Airport Development moves into a new phase | INRnews

New Delhi, India, December 19, 2007 - The ongoing modernization of Indira Gandhi International Airport moved into a new phase when the Honorable Minister for Civil Aviation, Mr. Praful Patel inaugurated the ‘Concrete Pouring’ process for the first slab of the Integrated Passenger Terminal Building (PTB). The Honorable Minister was also apprised on the status modernization and development works being carried out by Delhi International Airport (P) Limited to transform IGIA into a world class facility.

December 17, 2007

Omaxe bids for projects in Delhi and Noida | INRnews

New Delhi, India, December 17, 2007 - Omaxe Ltd has announced that the Company has, on December 15, 2007, through a consortium comprising of its wholly owned subsidiary M/s. Omaxe Infrastructure & Construction Pvt Ltd and M/s. GVK Power & Infrastructure Ltd, submitted a Bid / RFQ with The National Highway Authority of India (NHAI) to undertake development of Badarpur Highway Elevated Project (consisting of construction of elevated Road of 4.4 kms in the Delhi Agra Section) through Private Participation on 'Build, Operate and Transfer' (BOT) basis.

DS Kulkarni and GTC Real Estate NV to develop 250-acre SEZ in Pune | INRnews

Pune, India, December 17, 2007 - DS Kulkarni Developers Ltd has announced that the Board of Directors of the Company at its meeting held on December 15, 2007, has approved the Term Sheet executed last month between the Company and GTC Real Estate NV for Joint Development of a 250-acre Multi Services SEZ at Pune.

December 15, 2007

Sahara City Homes real estate project exhibited at Dubai | INRnews

Lucknow, India, December 15, 2007 - Sahara Infrastructure and Housing, India’s leading real estate company exhibits its flagship project ‘Sahara City Homes’ at Indian Property Show, Dubai. The Indian Property Show is one of the largest and most diverse exhibitions of exclusive Indian property to cater to the customers (NRIs) and Investors who are interested in Indian Properties. The show has attracted all the major real estate developers of India who are showcasing their projects to the prospective buyers in Dubai. The three days property show beginning from 13th December 2007 will be held at Airport Expo, Dubai.

December 14, 2007

Parsvnath launches Group housing project at Sonepat, Haryana | INRnews

New Delhi, India, December 14, 2007 - Parsvnath Developers Ltd has announced the launch of Parsvnath Preston, a high-end group housing residential project, in Sonepat, Haryana. The expected realization from the project is over Rs 450 crore in next 3 years including this financial year.

Atlanta Ltd buys property in Jodhpur; to develop mall | INRnews

Atlanta Ltd has announced that the Shreenath Builders, Partnership Firm in which the Company is a partner and having a stake of 51% has purchased a property named Olympic Cinema admeasuring 6988.89 sq. yards situated at Station Road, Jalori Gate, Jodhpur, Rajasthan from Adeshwar & Company at a purchase consideration of Rs 48,60,00,000 (Rupees forty Eight crores Sixty lacs) with the object to construct a Commercial Mall at the said property in the name and style of "ATLANTA V MALL".

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.

DIAL launches Delhi airport website | INRnews

New Delhi, India, December 13, 2007 -  GMR Infrastructure Ltd has announced that Delhi International Airport Pvt Ltd (DIAL), a subsidiary of the Company, launches Phase II of Delhi Airport's Website with added new features to provide additional information to passengers.

Banks, Fls buy 9% in GMR Infra for $1 billion | INRnews

Mumbai, India, December 13, 2007 - A CLUTCH of domestic banks and foreign financial investors has picked up around 9% stake in GMR Infrastructure, the flagship company of GMR Group, for around $1 billion, through a qualified institutional placement (QIP) the largest among such recent deals.

December 12, 2007

GMR Infrastructure Limited QIP Issue Oversubscribed | INRnews

New Delhi, India, December 12, 2007 - GMR Infrastructure Limited approved the issue of 165,238,088 equity shares of Rs 2/- each at the Issue Price of Rs. 240 per equity share aggregating to an Issue size of Rs. 39,657.1 million under Chapter XIII-A of the Securities and Exchange Board of India (Disclosure and Investor Protection) Guidelines, 2000 (the “SEBI Guidelines”). The Issue Price is above the floor price calculated in accordance with clause 13A.3 of the SEBI Guidelines. Citigroup Global Markets India Private Limited, Kotak Mahindra Capital Company Limited, JM Financial Consultants Private Limited, J.P Morgan India Private Limited, Lehman Brothers Securities Private Limited, UBS Securities India Private Limited acted as the Global Coordinators and Book Running Lead Managers for the Issue.

Ashiana to build Rs 1 billion retirement resort in Jaipur | INRnews

Jaipur, India, December 12, 2007 - Real estate company Ashiana Group is building a retirement resort called 'Ashiana Utsav' here, expected to cost Rs.1 billion, said a company official.

December 10, 2007

Best Group acquire land for Rs 184 crore in Bathinda | INRnews

Bathinda, India, December 10, 2007 - Delhi-based real estate developer Best City Infrastructure India Private Limited (BCIIPL), a Best Group company, has purchased a 4.5 acre parcel of land in Bathinda for Rs 184 crore.

December 07, 2007

Parsvnath Developers awarded construction contract in Uttar Pradesh | INRnews

New Delhi, India, December 07, 2007 - Parsvnath Developers Ltd has announced that the Company has been awarded a contract for construction and development of Footwear Design & Development Institute at Fursatganj, Rae bareli, Uttar Pradesh (FDDI) by FDDI, Ministry of Commerce, Government of India, A-10A, Sector 24, Noida — 201 301 worth Rs 47 Crores, approximately and the scheduled date of completion would be end November, 2008.

DIAL to raise loans aggregating Rs 4940 crore | INRnews

New Delhi, India, December 07, 2007 -  Delhi International Airport (P) Ltd (DIAL) a Public Private Partnership Initiative mandated to modernize and restructure Indira Gandhi International Airport, New Delhi has signed key financing documents with its project lenders for Rs. 3,650 Crore and foreign currency loan of USD 350 Million for modernization and expansion of Indira Gandhi International Airport, New Delhi.

December 05, 2007

Parsvnath wins bid to develop commercial mall at Greater Noida | INRnews

Noida, India, December 05, 2007 - Parsvnath Developers Ltd has announced that the Company has won the bid to develop a commercial project on 18632 sq. mt. of land at Sector Delta-II in Greater Noida. The estimated cost of the project to the Company including land would be Rs 160 crore. The saleable area would be approximately 3.6 lac sq ft. with expected revenues over 300 crores spread over next 3 financial years, which would add to Company's topline and bottomline.

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.

December 04, 2007

J Kumar Infraprojects to enter capital market | INRnews

Mumbai, India, December 04, 2007 - J. Kumar Infraprojects Limited (the "Company"), an ISO 9001:2000 certified civil engineering and infrastructure development company with a primary focus on development of roads, flyovers, bridges, railway over bridges, irrigation projects, commercial and residential buildings, railway buildings, sports complexes and airport runways, has filed its Draft Red Herring Prospectus ("DRHP") with the Securities and Exchange Board of India ("SEBI"). It will enter the capital market soon with an Initial Public Offering ("IPO") of 65,00,000 equity shares of Rs 10 each for cash at a price ("Equity Shares") to be decided through a 100% book-building process.

Prudential Financial & DLF Ltd form Asset Management JV | INRnews

New Delhi, India, December 04, 2007 - U.S.-based Prudential Financial, Inc (PFI) and the DLF Group, India's largest real estate developer, today announced that they have signed an agreement to establish a joint venture company in India, subject to regulatory approval.  PFI, the financial services leader with approximately $637 billion of assets under management as of September 30, 2007, was the world's 14th largest institutional asset manager based on worldwide assets under management, as ranked by Pensions & Investments, US trade publication, as of Dec 31st, 2006.

November 30, 2007

Omaxe forays into SEZ development | INRnews

New Delhi, India, November 30, 2007 - Omaxe, one of India’s leading real estate companies with footprints in 30 towns and 9 states today announced its foray into development of Special Economic Zone (SEZ) by signing Memorandum of Understanding (MoU) with the Government of Rajasthan to develop a multi product SEZ in District Alwar of Rajasthan spread over the area of 5000 hectare.

November 29, 2007

Vatika group gets $250 million foreign investment | INRnews

Mumbai, India, November 29, 2007 - Leading realty and hospitality group Vatika Thursday said here that it had signed an agreement with global investment bank Goldman Sach, US-based private equity investors Wachovia Bank and Baer Capital for an investment of $250 million for new acquisitions and projects across the country.

November 27, 2007

Adrian Zecha & DLF partner to acquire AMAN Resorts | INRnews

New Delhi, India, November 27, 2007 - DLF Ltd has announced that Adrian Zecha, Founder and Chairman of Aman Resorts announced that he has formed an equal partnership with the Company, which has entered into definitive agreements to acquire a controlling interest in the Aman Resorts group. The entire transaction, when completed, is estimated to be valued at US$ 400 million with an assumed debt of approximately $ 150 million.

November 26, 2007

SVP Builders launches Gulmohur Gardens in Ghaziabad | INRnews

Ghaziabad, India, November 26, 2007 - SVP Builders India Ltd., a 2000-crore real-estate development company based out of national Capital Region, today announced the launch of 'Gulmohur Gardens', a sprawling residential complex, with a targeted revenue of INR  200Crores (US$ 50 million), from 700 dwellings. Gulmohur Gardens is located on NH- 58 next to Raj Nagar, with close proximity to prominent colleges and schools like DPS, INGRAHAM MICRO, R K Engineering College, IMT Ghaziabad.

November 24, 2007

Simplex Infra bags Rs 580cr worth ICTT project at Kochi | INRnews

Kochi, India, November 24, 2007 - Simplex Infrastructures Ltd., one of India’s leading infrastructure solutions providers, today, has been awarded the largest marine project, ICTT Kochi Phase 1A Civil Works, at Kochi by DP World. The project is worth Rs. 580 crore and is proposed to be completed within a period of 24 months.

November 23, 2007

Cordea Savills, Nichani Group launch real estate fund mgmnt | INRnews

Mumbai, India, November 23, 2007 - Cordea Savills, an international property fund manager, and the Nichani Group, an established Indian family business, have today launched a joint venture, which will provide fund products that will give investors access to one of the world’s largest and fastest growing economies. The joint venture’s first product is Cordea Nichani Indian Opportunities No.1, which offers access to land and development opportunities in high growth regions of India targeting net returns of 25% per annum.

Kalpataru launches Kalpataru Gardens Phase II | INRnews

Mumbai, India, November 23, 2007 - Situated in the heart of Suburban Mumbai, Kalpataru Gardens Phase II is yet another well designed and modern residential project of Kalpataru Properties Pvt.Ltd – a haven of luxurious space and sunshine, surrounded by true natural beauty.  It is conveniently located at Kandivali, East 15 minutes away from Western Express Highway; 10 minute distance to Kandivali station and also in close proximity to leading educational institutions, malls and multiplexes.

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.

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.

ADB helping India promote PPP in infrastructure | INRnews

Mumbai, India, November 20, 2007 - The Asian Development Bank (ADB) is providing a $2 million grant to help the government of India increase cooperation between the public and private sectors in infrastructure development.

Vipul to invest Rs 13,000 crore on real estate projects | INRnews

Gurgaon, India, November 20, 2007 -  Real estate developer Vipul Ltd plans to invest Rs 13,000 crore in the next five years to expand from its base in North India to other markets in the country.  The major investment will go towards developing its existing land bank.

GTC Industries to develop real estate assets | INRnews

Hyderabad, India, November 20, 2007 - GTC Industries has announced that it is planning to explore the possibility of doing real estate development in which context it has already signed a Development Agreement for its Hyderabad property.

GTL Infrastructure signs MOU with IDFC Project Equity | INRnews

Mumbai, India, November 20, 2007 - GTL Infrastructure Ltd (GTL Infra) has announced that the Company has signed a Memorandum of Understanding (MoU) with IDFC Project Equity Company Ltd. (IDFC Project Equity), to form a Special Purpose Vehicle (SPV) that shall address the Telecom Tower Infrastructure acquisition opportunities.

Dewan Housing to take 19.9% stake in Wadhawan Food Retail | INRnews

Mumbai, India, November 20, 2007 - The Board of Directors of Dewan Housing Finance Corporation Ltd  (DHFL), the second largest housing finance company in the private sector in India, today announced the approval of 19.90 % stake at par value of Rs 10/- each in the equity shares of Wadhawan Food Retail Private Limited (WFRL).

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.

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.

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.

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. 

Columbia Asia and DLF form alliance to develop hospitals in India | INRnews

New Delhi, India, November 19, 2007 - The international headquarters of the Columbia Asia Group of Hospitals, based in Kuala Lumpur, has announced that its Indian subsidiary, Columbia Asia Hospitals Pvt Ltd, has entered into an agreement that forms an alliance for the development of hospitals with DLF Home Developers Ltd (DLFH).

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.

Piramal Enterprises floats realty JV with Sunteck | INRnews

Mumbai, India, November 19, 2007 - Piramal Enterprises Ltd (Ajay Piramal Group) has announced its realty joint venture (JV) with Sunteck Realty and Infrastructure Ltd.

Chettinad Health City opened at Kelambakkam, Chennai | INRnews

Chennai, India, November 19, 2007 - The first phase of the Rs. 500 Crore Chettinad Health City (CHC) at Kelambakkam, Chennai was inaugurated by Dr. Kalaignar M Karunanidhi, Hon'ble Chief Minister of Tamil Nadu last week.

Uppal Group to launch mall in Jagadhari, District Yamunanagar, Haryana | INRnews

New Delhi, India, November 19, 2007 - Uppal Group, which has over 28 years of experience of delivering more than 500 quality projects with presence in all real estate verticals, has announced its entry into the retail sphere of Haryana through the launch of “Centra Mall” in Jagadhari, District Yamunanagar, Haryana.

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. 

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.

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.

November 15, 2007

Indian real estate major DLF to buy Amanresorts for $250 million | INRnews

New Delhi, India, November 15, 2007 - In another example of the growing interest of Indian companies in overseas acquisitions, real estate major DLF Ltd is reported to be close to an acquisiton of Singapore-based luxury chain Amanresorts for US$250 million.

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.

November 13, 2007

Omaxe announces allotment of plots at PDA - Omaxe City, Patiala | INRnews

Patiala, India, November 13, 2007 - Omaxe, one of India’s leading real estate companies with footprints in 30 towns and 9 states, today initiated draw of lots for the plots at PDA - Omaxe City at Patiala. Strategically located at Sirhind Road, Baran, connecting G.T Road with Ludhiana and Amritsar, PDA Omaxe City presents an incomparable township advantage in tandem with the ongoing multifarious infrastructure developments around the city.

National Buildings Construction Corporation turnover Rs 1514 crore in 2006-07 | INRnews

New Delhi, India, November 13, 2007 - The National Buildings Construction Corporation Ltd (NBCC) has grown to become the big Public Sector Company having a recorded turnover of Rs. 1514 crore for the financial year 2006-07. This was stated by Shri S.Jaipal Reddy, Urban Development Minister at a meeting of the Parliamentary Consultative Committee attached to his Ministry here today. The subject of discussion was NBCC. Shri Reddy said that while improving its performance consistently, NBCC has paid back maiden dividend to the Government. NBCC has also been awarded: The top ten PSU Award for 2004-05 and 2005-06 and the best turn around company Award by the Prime Minister of India.

November 12, 2007

Ansal Housing launches Ansal Town in Rewari, Haryana | INRnews

Rewari, India, November 12, 2007 - Ansal Housing & Construction a leading real estate developer is coming to Rewari, Haryana, with its latest offering Ansal Town.  Ansal Town, Rewari is designed to be a self- sufficient, scenic township, built to international standards.

November 08, 2007

Omaxe acquires Faridabad land | INRnews

Faridabad, India, November 08, 2007 - Omaxe Ltd has announced that the Company has acquired Land admeasuring 11.012 acres (Approx) at Faridabad, Haryana at a Total Consideration of Rs 45 Crores (Approx) (including share purchase consideration) through the process of acquisition of M/s. S N Realtors Pvt Ltd (Land owning Company) clear of all its existing liabilities.

GMR Hyderabad International Airport awards bookstore concessions | INRnews

Hyderabad, India, November 08, 2007 - GMR Hyderabad International Airport Ltd (GHIAL), which is developing the Rajiv Gandhi International Airport in Shamshabad, has selected Odyssey India Ltd for setting up a bookstore in the new airport. The concessional agreement with this book retailer, belonging to the Deccan Chronicle Group, is for three-years starting from the airport launch in March 2008.

November 06, 2007

Indiabulls Real Estate promoters increase stake | INRnews

Mumbai, India, November 06, 2007 - The promoters of Indiabulls Real Estate have increased their stake in the company from 23.97% to 27.14% by exercising their option to convert ten million series  II warrants (convertible into an equivalent number of Equity Shares of face value Rs 2 each in the Company) which had been allotted in their favour in 2006.

November 05, 2007

Parsvnath Developers incorporates subsidiaries | INRnews

New Delhi, India, November 05, 2007 - Parsvnath Developers Ltd has announced that the Company has incorporated two subsidiary Companies.New Delhi, India, November 05, 2007 - Parsvnath Developers Ltd has announced that the Company has incorporated two subsidiary Companies.

Clear Water Capital Partners takes 49% stake in BSEL Infra SPV | INRnews

Mumbai, India, November 05, 2007 - BSEL Infrastructure Realty Ltd has announced that Clear Water Capital Partners (Cyprus) Ltd has taken 49% stake in the SPV Company formed by BSEL Infrastructure Realty Ltd in equal Joint Venture with Unity Realty and Developers Ltd and Kamat hotels (India) Ltd. The same has resulted in dilution of present stake of BSEL Infrastructure Realty Ltd, Unity Realty and Developers Ltd and Kamat hotels (India) Ltd in the said SPV from 33.33% each to 17% each.

Parsvnath Developers - Parsvnath SEZ Ltd inks MoU with Government of Madhya Pradesh | INRnews

New Delhi, India, November 05, 2007 - Parsvnath Developers Ltd has announced Parsvnath SEZ Ltd (PSL), a subsidiary of the Company has signed a MoU with the Government of Madhya Pradesh to provide facilities and incentives at the 76 acres SEZ being developed, by the Company at Indore.

Unity Infraprojects - Updates | INRnews

Mumbai, India, November 05, 2007 - Unity Infraprojects Ltd has announced that the Company on January 04, 2007 had informed about Contract awarded to the Joint Venture with BSEL Infrastructure Realty Ltd, for constructing operating and Maintenance of Hotel, on a Build Operate and Transfer basis.

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.

November 01, 2007

MARG Constructions forges association with Pembinaan Redzai of Malaysia | INRnews

Mumbai, India, November 01, 2007 - Karaikal Port Private Ltd (KPPL), a wholly owned subsidiary of MARG Constructions Ltd signed a Memorandum of Understanding with Pembinaan Redzai Sdn Bhd, a leading Malaysian entity, to explore potential co-operation on a variety of areas for the Karaikal Port project.

Ashoka Buildcon Ltd. becomes the first Indian infra company to get the prestigious IMS international certification | INRnews

Mumbai, India, November 01, 2007 - Ashoka Buildcon Limited (ABL), a renowned infrastructure developer with a track record of over 25 years, has achieved the distinction of becoming the first Indian infrastructure construction firm to receive the prestigious Integrated Management Systems (ISO 9001:2001, ISO 14001:2004 & 18001-1999) certificate (IMS) from International Standards Certification Pty., Australia, covering all business operations, which includes all BOT (build-operate-transfer), EPC (engineering procurement construction) projects, RMC (ready mixed concrete) plants and Toll operations.

October 30, 2007

Sobha Developers launches "Sobha Carnation" residential apartments in NIBM Kondwa, Pune | INRnews

Pune, India, October 30, 2007 - Sobha Developers Ltd has announced that Company will be launching its first Real Estate Project "Sobha Carnation" at NIBM Kondwa in Pune on October 31, 2007. This will be developed in 5.70 acres of land with a developable area of over 3.05 lacs SFT.

DLF announces financial results for Q2 FY08 | INRnews

New Delhi, India, October 30, 2007 - DLF Limited, India’s largest real estate Company, recorded consolidated revenues of Rs 3,349 crore for the quarter ended September 30, 2007, an increase of 7.3% from Rs 3,121 crore in the first quarter of the current fiscal. EBIDTA was at Rs 2,363 crore, an increase of 5% as compared to Rs 2,251 crore in Q1 FY08. Net profit stood at Rs 2,018 crore, up by 32% from Rs 1,524 crore. The non annualized EPS for the quarter was Rs 11.83.

Tata Realty & Infrastructure to raise $750 mn | INRnews

Mumbai, India, October 30, 2007 - Tata Realty and Infrastructure, a 100-per cent subsidiary of Tata Sons, is to raise $750 million (Rs3,000 crore) to fund realty and infrastructure projects. 

Tata Realty And Infrastructure Limited (TRIL) and Jafza International form a joint venture | INRnews

Mumbai, India, October 30, 2007 - Tata Realty And Infrastructure Limited (TRIL), a 100-per cent subsidiary of Tata Sons, today signed a 50:50 joint venture with Jafza International, the global operation arm of Economic Zones World of Dubai UAE to develop and operate a chain of business and logistics parks across India.

Pearls Infrastructure accolade as Best Builders & Township Developers | INRnews

New Delhi, India, October 30, 2007 - Pearls Infrastructure Projects Ltd. was awarded the Best Builders & Township Developers at a sparkling ceremony Building Industry Leadership Award 2007 in New Delhi. This occasion was celebrated as the first Anniversary celebration of Builder Information Bureau (BIB) & Real Estate Observer.

Pearls Infrastructure accolade as Best Builders & Township Developers | INRnews

New Delhi, India, October 30, 2007 - Pearls Infrastructure Projects Ltd. was awarded the Best Builders & Township Developers at a sparkling ceremony Building Industry Leadership Award 2007 in New Delhi. This occasion was celebrated as the first Anniversary celebration of Builder Information Bureau (BIB) & Real Estate Observer.

October 29, 2007

Akruti City Ltd quarterly net profit surges to Rs. 61.13 crores for the 2nd quarter | INRnews

Mumbai, India, October 29, 2007 - Akruti City Limited (ACL) (formerly known as Akruti Nirman Limited), one of the leading real estate developers of India has reported a net profit (after tax) of Rs. 61.13 crores for the second quarter ended September 30, 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.

Ganesh Housing acquires land in Memnagar, Ahmedabad | INRnews

Ahmedabad, October 29, 2007 - Ganesh Housing Corporation Ltd has announced that the Company has acquired land admeasuring 35000 sq.ft. in a posh area near Vijay Cross Roads, Memnagar, Ahmedabad.

Sobha Developers forms JV to develop 192 acre township in Gurgaon, Haryana | INRnews

Gurgaon, India, October 29, 2007 - Sobha Developers Ltd has announced that the Company has entered in to a Joint Development Agreement with QVC Realty Pvt Ltd and Chintels India Ltd, to develop an integrated township spread over 192 Acres in Gurgaon, Haryana.

October 26, 2007

HDIL - Agreement executed for the Mumbai Airport Slum Rehabilitation Project INRnews

Mumbai, India, October 26, 2007 - Housing Development & Infrastructure Ltd (HDIL) has announced that the Company has received a Letter of Intent dated October 15, 2007, for the Airport Slum Rehabilitation project, for removal of slums from encroached Airport land, which has been awarded by Mumbai International Airport Pvt Ltd to the Company.

Hindustan Construction receives Rs 983 crore of new orders | INRnews

New Delhi, India, October 26, 2007 - Hindustan Construction Company Ltd has announced that it has received three major orders in transportation and water sector worth Rs 983 crores. These include Rs 774.64 crore (HCC share Rs 256 crore) order of construction of two underground stations and a tunnel between New Delhi and Talkatora Garden stations from Delhi Metro Rail Corporation and two projects from BMC for water tunnel construction worth Rs 727 crores.

October 25, 2007

Second Pune Central mall opens at University Road | INRnews

Pune, India, October 25, 2007 -  Pune Central, the seamless mall, opens its second Central mall in Pune at University Road. This is the first time that Central has launched two malls in a city and is indicative of the resounding success that it has been, in the city of Pune. Pune Central’s second mall in the city is also in response to the tremendous demand from Puneites from north-western part of Pune, which has emerged as an IT Hub.

Hirco Invests £96.6 Million to develop Panvel township in Mumbai Metropolitan Region | INRnews

London, UK, October 25, 2007 - Hirco Plc (AIM:HRCO.L), the investment vehicle for Hiranandani, India’s largest developer of prestigious mixed-use townships, today announced that it has invested £96.6 million in a Residential Township (“Panvel Residential”) development project located in Panvel, in the Mumbai Metropolitan Region of India.

Akruti Nirman enters the Pune real estate market | INRnews

Pune, India, October 25, 2007 - Akruti Nirman Ltd, a leading real estate developer, has announced that the Company has entered Pune. To cater to the rapidly evolving needs of Pune denizens, Akruti City Ltd will build international quality residential & commercial complexes, hotels, and IT parks in the city.

October 24, 2007

Piyush Group launches state of the art township in Bhiwadi | INRnews

New Delhi, India, October 24, 2007 - Real-estate developer Piyush Group has announced the launch of Piyush City, an integrated township project in Bhiwadi.

October 22, 2007

Parsvnath launches Royale Villas at Jodhpur | INRnews

Jodhpur, India, October 22, 2007 -  Parsvnath Developers Ltd has announced that in view of the extensive economic development around Jodhpur,  the Company is building Parsvnath City, a self-contained; Mega Township spread over 110.4 Aces in Jodhpur. The Company on October 22, 2007, launched Parsvnath Royale Villas, limited edition, exclusively designed, independent villas which are an integral part of Parsvnath City.

Inox Leisure Q2 Revenues touch Rs 58 crore | INRnews

Mumbai, India, October 22, 2007 - The Board of Directors of INOX Leisure Ltd. (ILL) announced its results for the second quarter of the financial year 2007-2008, following its meeting on Monday, 22nd October 2007 in Noida. Maintaining its rapid growth resulting from its aggressive national roll out, INOX reported a 45% YOY growth in revenues for Q2 2007-08 at Rs. 58.02 crores versus Rs. 39.96 crores in the same quarter of the previous year. Q2 profits grew by 19% to Rs. 8.30 crores from Rs.6.96 crores in 2006-2007.

October 18, 2007

Parsvnath Developers launches Indore township | INRnews

Indore, India, October 18, 2007 -  Parsvnath Developers Ltd has announced the launch of yet another iconic residential development Parsvnath City at Indore, Sprawling over 200 acres, the township will offer multistorey condominiums, Villas & Plots.

Noida Toll Bridge Company Limited announces half-yearly results | INRnews

London, UK, October 18, 2007 - The Board of Directors of Noida Toll Bridge Company Limited (NTBCL) approved the Company’s audited results for the half year / quarter ended September 30, 2007, today. NTBCL, the Concessionaire for the Delhi Noida Toll Bridge, has reported a net profit after tax of Rs. 81.83 million for the quarter ended September 30, 2007 as against Rs. 21.45 million for the corresponding quarter of the previous year.

GMR Infrastructure net operating revenues up 26 % in Q2 FY 2008 | INRnews

Bangalore, India, October 18, 2007 - GMR Infrastructure Limited (GIL), India’s premier infrastructure bell weather company announced its financial results for the first half year and second quarter ended September 30, 2007 today. Commenting on the results Mr. G.M. Rao, Group Chairman, said “Our numbers are growing as per expectations. The present results reflect only a small aspect of the true operating potential of our assets and as more of our businesses are operationalised to optimum capacity, we are confident of posting substantial growth in performance, thereby resulting in continued value accrual for all our stakeholders. However, we continue to consolidate our position as an innovative Infrastructure player, moving in rapidly to identify domestic as well as international investment opportunities.”

October 17, 2007

Vijay Shanthi Builders enters agreement for Rs 135 crore Chennai apartment project | INRnews

Chennai, India, October 17, 2007 - Vijay Shanthi Builders Ltd has announced that the Company entered in to agreement for a new project valued about 135 Crores in Chennai.

October 16, 2007

GMR HIAL ties up with HMS Host for retail chain at the new Hyderabad International Airport | INRnews

Hyderabad, India, October 16, 2007 - GMR Hyderabad International Airport Limited (GHIAL), which is racing ahead in the development of Rajiv Gandhi International Airport in Shamshabad, has awarded the contract of setting up, operating and maintaining F&B outlet to HMSHost, a world leader in travel dining and shopping on Tuesday, October 16, 2007.

October 12, 2007

INOX third multiplex in Jaipur, Rajasthan | INRnews

Jaipur, India, October 12, 2007 - After revolutionizing the way Jaipur watches movies with its multiplexes in Vaishali Nagar and City Plaza, INOX fans in the city are set for a treat as INOX launches its third and most premium multiplex at the Crystal Palms mall in C Scheme on Friday, 12th October 2007. INOX at C Scheme is a 3 screen multiplex with 849 seats and is the 19th multiplex in the INOX chain.

October 09, 2007

Parsvnath Developers - Parsvnath Dehradun SEZ gets notified | INRnews

New Delhi, India, October 09, 2007 - Parsvnath Developers Ltd has announced that the Company has received the final Notification from the Central Government for the setting up of IT / ITES SEZ at Sahastra Dhara Road at Dehradun (Uttaranchal). With this, the Company now has three notified product specific SEZs for IT / ITES Sectors at Indore, Gurgaon and Debradun, which will be executed by the Company's Subsidiary, Parsvnath SEZ Ltd.

October 04, 2007

Lanco Infratech bags Rs 73 crore Tirupati Tirumala Devasthanams construction project | INRnews

Hyderabad, October 04, 2007 - Lanco Infratech Limited – Construction Division has bagged a work order of Rs 730 million from Tirupati Tirumala Devasthanams, Tirupati for construction of Sri Venkateswara Vedic University at Alipiri, Tirupati.  The project has to be completed within 24 months.

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).

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’.

Pantaloon launches first exclusive ‘Depot’ store launched in Kolkata | INRnews

Kolkata, India, September 28, 2007 - DePOT, the ‘books, music, gifts and stationery’ retail format of Pantaloon Retail (India) Limited (a part of Future Group), today launched it’s first exclusive stand alone store at E Mall, 2nd Floor, Chitranjan Avenue, Kolkata.

Ansal Properties enters into MoU to form construction JV with UEM | INRnews

Mumbai, India, September 28, 2007 - Ansal Properties & Infrastructure Ltd has announced that the Company has entered into a MOU, on September 28, 2007, with UEM (Mauritius) Co. Ltd, {UEM}, to form a joint Venture Company in India. The JV shall carry out building construction and engineering works of various projects of the Company situated in various states to give impetus to its construction activities in terms of quality and timeliness. UEM as part of UEM Builders is under UEM Group Berhad.

Nagarjuna Construction secures three new orders worth Rs 243 crore | INRnews

Hyderabad, India, September 28, 2007 - Nagarjuna Construction Company Ltd has announced that the Company has bagged three new orders totaling Rs 243 crores.

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.

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.

Tantia Constructions wins Rs 102 crore projects | INRnews

Mumbai, India, September 27, 2007 - Tantia Constructions Ltd has announced that the Company has received the following prestigious prestigious projects in the month of July and August, 2007:-

September 26, 2007

DLF announces second IT Park in Rajarhat, Kolkata | INRnews

Kolkata, India, September 26, 2007 - DLF Ltd has announced its second IT Park in Kolkata. The Company is developing this state of the art, world-class facility on 25 acres of land offering 2.5 million sq.ft. of IT/ITES workspace.

September 22, 2007

Shriram Properties to develop $1.25 Billion township in Kolkata | INRnews

Kolkata, India, September 22, 2007 - Shriram Properties, a leading South India  based real estate developer, has announced that it has partnered with funds sponsored by Walton Street Capital and Starwood Capital Group to develop a Rs. 5,000 crore (USD 1.25 billion) integrated township in Kolkata, India.

Lavasa Corporation and Apollo Hospitals to Develop World-Class Healthcare Centre at Lavasa near Pune | INRnews

Pune, India, September 21, 2007 - Lavasa Corporation Ltd. today signed an agreement with the Apollo Hospitals Group, a world-class healthcare organization that manages over 42 hospitals in India and abroad, to set up an integrated Healthcare and Wellness destination at the Lavasa Hill town near Pune. The services will be spread over 200 acres of land. Initially, the plan is to establish a multi specialty hospital with a capacity of 50 beds which will be ready by 2009. Eventually the services shall extend to wellness services, rejuvenation, long-term care, research and development and others.

September 21, 2007

Peninsula Land to raise funds through equity issue | INRnews

Mumbai, India, September 21, 2007 - Peninsula Land, the real estate arm of the Ashok Piramal group, is to raise funds via fresh issue of shares.

Developers promote walk-to-work in Hinjewadi, Pune | INRnews

Pune, India, September 21, 2007 - Hinjewadi, the fast developing IT-hub of Pune, is to get commercial-cum-residential developments that promote the walk-to-work concept.

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.

Modern India to set up an IT SEZ at Khopoli near Mumbai | INRnews

Mumbai, India, September 19, 2007 - Modern India Ltd has announced that the Company is planning to set up an IT / ITES SEZ (Information Technology / Information Technology Enabling Services) (Special Economic Zone) on about 15 Hectare of land at Khopoli. This project will be implemented through a wholly owned subsidiary Company viz Modern India Property Developers Ltd.

SREI Infrastructure Finance to issue 25 mln shares to Promoter Group | INRnews

Mumbai, India, September 19, 2007 - SREI Infrastructure Finance Ltd has announced that the board of directors of the Company has proposed a preferential issue of up to 25,000,000 warrants to the Promoter Group, which on conversion, will increase their holding to over 35 per cent from the existing level of 20 per cent.

Mahindra Gesco to change name | INRnews

Mumbai, India, September 19, 2007 - Mahindra Gesco Developers Ltd has announced that the members at the 8th Annual General Meeting (AGM) of the Company held on September 17, 2007 inter alia, have accorded to the following, including a name change to Mahindra Lifespace Developers Ltd:

September 18, 2007

ICRA assigns “A1+” rating to the Rs. 20 billion Short-Term Debt/CP programme of DLF Limited | INRnews

New Delhi, India, September 18, 2007 - ICRA has assigned an “A1+” (pronounced as A one plus) rating to the Rs. 20 billion short- term debt /commercial paper programme of DLF Limited (DLF).

Hotel Leelaventure to invest Rs 2,200 crore to develop hotel properties in India | INRnews

Mumbai, India, September 18, 2007 - Hotel Leelaventure Ltd is to invest Rs 2,200 crore over the next three years to develop new hotel properties and fund expansion at its existing properties in India.

SVP Builders announce the launch of "Gulmohur Greens Phase-II" in NCR | INRnews

Ghaziabad, India, September 18, 2007 - SVP Builders India Ltd., a 2000-crore real-estate development company based out of National Capital Region, today announced the launch of the Phase-II of their flagship project, ‘Gulmohur Greens’, which has a targeted revenue of INR 150-Crores (US$37.5 million), from 300-dwellings. Gulmohur Greens is just 8km from Delhi, right next to the Hindon Air Base with close proximity to 6 Malls, Mohan Nagar Hospital, Delhi Public School and Krishna Dental College.

Hirco reports strong sales at Hiranandani Palace Gardens in Chennai | INRnews

Chennai, India, September 18, 2007 - Hirco plc (“Hirco”), one of India’s largest real estate investment companies, announced today that sales activity of residential units at its Chennai Old Mahabalipuram Road township investment, Hiranandani Palace Gardens, continue to be strong both in terms of sales volume of residential units and the level of pricing achieved.

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.

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.

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).

Akruti Nirman land bank | INRnews

Mumbai, India, September 17, 2007 - Akruti Nirman Ltd has announced that as on date, the Company has land bank (owned as well as in JVS & SPVS), which will generate saleable area of approx. 40 million sq. ft.

September 14, 2007

Unity Infraprojects awarded mall contracts aggregating to Rs 134.15 crore | INRnews

Mumbai, India, September 14, 2007 - Unity Infraprojects Ltd has announced that the Company has received the following orders aggregating to Rs 134.15 crores:

September 13, 2007

HDIL to set up Kochi IT Park | INRnews

Kochi, India, September 13, 2007 - Mumbai-based real estate developer Housing Development and Infrastructure Ltd (HDIL) is to set up an IT park at Kalamassery, near Kochi. HDIL Cybercity will come up on a 70-acre plot with a total built-up area of 7.9 million sq ft of which 5.4 million sq ft will be used for IT space and the rest for hospitality, retail and entertainment.

DLF to invest Rs 100,000 crore in Bengal real estate projects | INRnews

Kolkata, India, September 13, 2007 - Indian Real Estate major DLF Ltd plans to invest over Rs 100,000 crore in West Bengal over the next seven years. This was stated by Mr. AS Minocha of DLF Commercial Developers Ltd in a press interview.

Mantri Realty to invest Rs 100 crore in Kolhapur real estate development | INRnews

Kolhapur, India, September 13, 2007 - Real estate developer Mantri Realty is to set up the first IT Park in Kolhapur at a cost of Rs 20 crore. In addition the firm plans to invest a further Rs 80 crore to set up a 3-5 lakh sq ft mall and a 100-acre residential complex in Kolhapur.

September 11, 2007

Rs 500 crore residential project planned in Kochi | INRnews

Kochi, India, September 11, 2007 - Malayalle Realtors India Pvt Ltd is to set up "Smart Village" in 55 acres of land at Manjapara near Nedumbassery at a cost of Rs 500 crore.

Peninsula Land sells Mumbai business park premises for Rs 1054 crore | INRnews

Mumbai, India, September 11, 2007 - The Ashok Piramal Group's Peninsula Land Ltd has announced that the Company has entered into an Agreement for sale of 5,75,000 sq.ft. out of its proposed development at its Dawn Mills (Peninsula Business Park) premises at an approximate consideration of Rs 1,054 Crores to Alok Infrastructure Pvt Ltd.