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.
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.
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.
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.
Mumbai, India, August 27, 2007 - Parsvnath Developers Ltd has announced that the Company has won another project from BEST, Mumbai to develop a plot of land at Mahim Bus Station, Mumbai for commercial and residential utilization along with remodeling of existing bus station.
New Delhi, India, August 25, 2007 - ITD Cementation India Ltd in joint venture with its promoter, Italian-Thai Development Public Co. Ltd, Thailand has been awarded Letter of Acceptance for a Rs.893 Crore contract from Delhi Metro Rail Corporation.
Mumbai, India, August 14, 2007 - Parsvnath Developers Ltd has announced that the Board of Directors of the Company at its meeting held on August 10, 2007 has approved the raising of short-term funds by way of issue of Non-convertible Debentures / Bonds on Private Placement basis for an aggregate amount not exceeding Rs 300 Crores with a tenure of less than 365 days.
Singapore, July 26, 2007 - Ascendas India Trust (A-iTrust) is launching an IPO to raise SG$500 million. Ascendas India Trust (a-iTrust) is the first Singapore-listed Indian property trust and provides investors an opportunity to invest in India’s fast-growing economy. The trust has a tax-exempt dividend of 4.75% in its forecast year Apr 1 - Mar 31 2008. A-iTrust is offering 423 million shares at $1.18 Singapore each.
New Delhi, India, July 19, 2007 - DLF Ltd has announced the following unaudited results for the quarter ended June 30, 2007:
The Company has posted a net profit of Rs 5792.70 million for the quarter ended June 30, 2007. Total Revenue is Rs 12071.10 million for the quarter ended June 30, 2007.
Lucknow, India, July 04, 2007 - Ansal Properties & Infrastructure Ltd has announced that the Company has signed an Agreement with Fortis Healthcare Holding Ltd, (Fortis) for setting up a world class Medicity at its Project, Sushant Golf City, located in Lucknow (U.P).
Mumbai, India, June 11, 2007 - Ansal Housing & Construction Ltd has announced that the Director, Town & Country Planning, Chandigarh, Haryana has issued licence for development of approx. 100 acre of Residential Project of the Company at Sector - 19, Rewari (Haryana).
Mumbai, India, June 06, 2007 - Indiabulls Real Estate Ltd has announced that Indiabulls Industrial Infrastructure Ltd, a wholly-owned subsidiary of the Company focused on development of large scale infrastructure projects, has received a Formal Approval from the Department of Commerce (SEZ Section), Ministry of Commerce & Industry, Government of India, for development of a multi-product Special Economic Zone (SEZ) in the Nashik District of the State of Maharashtra.
Mumbai, India, May 15, 2007 - Indiabulls Real Estate Ltd has announced that Diana Buildwell Pvt Ltd, a Wholly-owned Subsidiary of the Company, has acquired a sea-facing hotel property together with land measuring about 21 acres situated at Vagator Beach, Goa, from Sterling Holiday Resorts India Ltd.
London, May 15, 2007 - Yatra Capital Limited (“Yatra”) the first Euronext quoted Indian real estate company has announced its first investment in Indian real estate. Yatra has committed up to € 21.6 million in equity for a 49% stake in a joint venture which will initially develop three residential sites in Pune, Maharashtra.
Bangalore, India, May 11, 2007 - Sobha Developers Ltd has announced that the Company will be launching its first integrated township "Sobha City" in Thrissur, Kerala on May 13, 2007. This will be developed in 71 acres of land with a developable area of over 3.50 million SFT. This integrated town ship will have Super Luxury Apartments, Villas, Shopping Mall, Office Complexes, Hotel, Multiplex, and Convention Centre with Multi Speciality Hospital, located on the Thrissur - Guruvayoor highway. This project is expected to be completed over a period of five years.
Mumbai, India, May 09, 2007 - Ansal Properties & Infrastructure Ltd has announced that a Memorandum of Understanding (MOU) / Term Sheet has been entered between the Company and Deyaar Development PSC, a real estate Company in UAE, with head quarters in Dubai, (in short Deyaar), for developing a mega mixed use township comprising of residential, commercial, institutional and industrial properties in India.
Chandigarh, India, April 19, 2007 - Parsvnath Developers Ltd has announced that on April 19, 2007 the Company has performed the earth breaking ceremony and launched Parsvnath Royale, a premium multistoryed group-housing complex in Panchkula, less than 11 km from Chandigarh. Parsvnath Royale, a 146 Crores project is spread over an area of 7.2 acres and is strategically located in the heart of the city. This land is a part of license number 610/2006 in the name of Samar Estates Pvt Ltd.
New Delhi, India, March 16, 2007 - GMR Infrastructure Ltd hasannounced that Delhi International Airport (P) Ltd (DIAL), a subsidiary of the Company, in an effort to enhance passenger comfort and to ensure more efficient aircraft operations, Delhi International Airport Pvt Ltd (DIAL) is carrying out work involving two new taxiways U and V. This will facilitate faster runway clearance from Runway 10 side towards the international terminal. The Runway occupancy time will be reduced with increase in its capacity. Since, the holding time for aircraft awaiting clearance to land at Delhi Airport would reduce further; the passengers and airlines will be benefited.
New Delhi, India, March 07, 2007 - Parsvnath Developers Ltd has announced that the Company has won the mandate to build a world-class mall at Rohini in North West Delhi.
New Delhi, India, March 07, 2007 - Parsvnath Developers Ltd on March 07, 2007 has announced the acquisition of the stake of its joint venture partner in Parsvnath Landmark Developers Pvt. Ltd (PLDPL).
Mumbai, India, March 01, 2007 - According to Mr. Ankur Srivastava, Managing Director, DTZ India, “ With the economy growing at a healthy rate, positive sentiment and only the shadow of inflation looming, this could have been an opportune time to initiate bold measures for long pending structural reforms in the sector. This opportunity appears to have been lost as no structural reforms like tenancy laws, land reforms, rationalisation of stamp duties etc. have been initiated.
New Delhi, India, February 23, 2007 - Parsvnath Developers Ltd has announced that on February 23, 2007 has conducted the earth breaking ceremony (bhoomi poojan) of its five star hotel and commercial mall project in Vejalpur in Ahmedabad. The Rs 250 crore project will be a land mark complex in the city. The complex is expected to be completed and operational in two and half years.
New Delhi, January 17, 2006 - Leading Middle East real estate developer Nakheel is reported to be close to setting up a 50:50 JV with Delhi based firm Parsvnath Developers.
London, January 17, 2006 - Isle of Man incorporated Dev Property Development, an investment firm focused on real estate in India, plans to raise $530 million in a listing on the London Stock Exchange's AIM Market.
Chandigarh, January 16, 2006 - Leading real estate developer Parsvnath Developers Ltd, have been awarded the Chandigarh film city project after bidding the highest amount of Rs. 191 crore.
Mumbai, January 14, 2007 - Emaar MGF Land Private Limited, a joint venture between Dubai based real estate giant Emaar Properties PJSC Dubai and Indian real estate developer MGF Development Limited, plans to raise over $2.9 billion in one of the largest real estate IPOs in India according to news reports.
Mumbai, January 11, 2007 - Leading real estate developer Sobha Developers Ltd has announced that on January 11, 2007 the Company has received a Letter of Indent (LOI) dated January 05, 2007 from BF Utilities Ltd (Kalyani Group Company) to construct its Employee Care Centre in Mundwa, Pune.
Mumbai, January 09, 2007 - BSEL Infrastructure Realty Limited in a 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 the “Rajiv Gandhi IT Habitat” at Dona Paula, Goa for developing and constructing an Information Technology Park (IT Park). The project is estimated to be approximately 6,45,600 sq. feet of built-up area.
Mumbai, January 08, 2007 - Satra Properties India Ltd has announced that the Company has executed the Deed of Conveyance for acquisition of property at Village Eksar, Taluka Borivli, District: Mumbai, for a consideration of Rs 95,00,000/- having a potential of constructing a residential complex thereby generating a saleable area approximately of 30,000 Sq. Ft. under the proposed project name Satra Enclave.
Mumbai, December 26, 2006 - Leading real estate developer Sobha Developers Ltd has announced that the Company has received a Letter of Indent (LOI) from DELL India Pvt Ltd to construct its Manufacturing Plant in Sriperumbudur, Chennai.
New Delhi, December 11, 2006 - Leading real estate developer Omaxe Limited is seeking to raise up to Rs 1,500 crores via an IPO.