Main || Delhi & NCR

April 02, 2008

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

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.

March 25, 2008

BT sets up Global Operations Centre in Gurgaon, India | INRNews

Gurgaon, India, March 25, 2008 - BT today announced the opening of its Global Operations Centre at Gurgaon, India, in presence of Sir Mike Rake, Chairman, BT Group and Ben Verwaayen, CEO - BT Group among other BT executives.

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.

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 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.

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 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

Vishal Retail opens new showrooms in New Delhi and Gurdaspur, Punjab | INRnews

New Delhi, Indian, January 22, 2008 - Vishal Retail Ltd has announced that the Company has opened two new Showrooms in New Delhi and in Gurdaspur, Punjab.

January 21, 2008

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.

Westin opens the Westin Sohna Resort near Delhi | INRnews

New Delhi, India, January 21, 2008 - Starwood Hotels & Resorts Worldwide, Inc. (NYSE:HOT) has announced the opening of its first Westin property in India, The Westin Sohna Resort. Close to both Delhi and Gurgaon, the new resort offers a restful, rejuvenating guest experience enhanced by superior recreational facilities, naturally-lit meeting space, an array of world-class cuisine and the full range of Westin's renowned signature amenities.

Trikona Trinity Capital gets SEZ status for Delhi IT Park | INRnews

New Delhi, India, January 21, 2008 - Trikona Trinity Capital PLC (AIM: TRC), a fund created for investing in real estate and real estate related entities across India, has announced that the Board of Approval in India conferred IT Special Economic Zone ("SEZ") status upon the Company's Uppal IT Park "Tech Oasis" (Development Project 1) on 16th January 2008.

January 12, 2008

Reliance Retail launches footwear store - Reliance Footprint | INRnews

New Delhi, India, January 12, 2008 - Reliance Retail Ltd. launched the 3rd outlet of its speciality store “Reliance Footprint” at Star City Mall, Mayur Vihar, New Delhi after the successful launch of 9 formats, supermarket format “Relaince Fresh”, hypermarket format “Relaince Mart”, Minimart format “Reliance Super” and 5 speciality stores Reliance Digital, Reliance Trendz, Reliance Wellness, Reliance Footprint, Reliance Jewels and Reliance Time-Out.

January 01, 2008

Unmoved by high Iinterest rates, realty sector remained bullish on the primary market | INRnews

New Delhi, India, January 01, 2008 - The real estate companies remained robust in 2007, despite worries of high interest rates, as is evident by an overwhelming 42.7 per cent of the total primary market funds going to the sector in the year, an ASSOCHAM Eco Pulse Study (AEP) has said.

Indian Real Estate Roundup - 2007 | INRnews

Mumbai, India, January 01, 2008 - Anuj Puri, Chairman & Country Head, Jones Lang Lasalle Meghraj, looks back on the year 2007 in Indian real estate.

December 31, 2007

In 2008, Retail, Real Estate Poised for 35% & 45% Growth | INRnews

New Delhi, India, December 31, 2007 - Retail and real estate boom will further roll down in 2008 as these two key sectors are well poised to notch a year-on-year growth of 30-35% and between 40-45% respectively over the calendar year 2007, according to projections made by The Associated Chambers of Commerce and Industry of India (ASSOCHAM).

December 28, 2007

Megamart spreads wings, opens three stores in Delhi | INRnews

New Delhi, India, December 28, 2007 - Megamart, pioneer in value retailing and branded apparel segment opened three stores in Delhi at prime locations such as New Rajdhani enclave, Kohat enclave and Shivaji enclave in less than a span of month’s time.

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

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

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.

December 13, 2007

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.

50 years of the Delhi Development Authority | INRnews

New Delhi, India, December 13, 2007 - Following is the text of the President, Smt. Pratibha Devisingh Patil's address at the Release of the Commemorative First Day Cover with Cancellation on the occasion of the completion of 50 years of the Delhi Development Authority, at Rashtrapati Bhavan on December 13, 2007:

December 07, 2007

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.

Shortage of land in Delhi for residential development | INRnews

New Delhi, India, December 07, 2007 - The Delhi Development Authority (DDA) has reported that in Master Plan of Delhi-2021 (MPD 2021), it has been estimated to accommodate 230 lakhs of projected population by 2021 for which the additional requirement of urban extension would be 20,000 to 22,000 ha. of urbanisable land within development time-frame of 15-16 years.

December 03, 2007

Infrastructure not the only impediment to Building Centres of Excellence | INRnews

New Delhi, India, December 03, 2007 - Though infrastructure of the bricks and mortar kind is a key issue it is not the only impediment to building Centres of Excellence in India. This was the central theme of the panel discussion on Building Centres of Excellence: A Global Approach at the India Economic Summit, 2007 organized jointly by Confederation of Indian Industry and World Economic Forum in New Delhi. Outlining the impediments to building Centres of Excellence, which serve as visible signs of progress, Mr. Nandan M.Nilekani, Executive Co Chairman, Infosys Technologies, India and Member of the Foundation Board of the World Economic Forum said, I would characterize the impediments as three separate problems – lack of infrastructure, neglect of urbanization and a fragmented market within the country. He said that while India had succeeded in building a functional democracy, it has so far failed at the seemingly easier task of building roads and other infrastructure.

November 29, 2007

Regularisation of unauthorised colonies in Delhi | INRnews

New Delhi, India, November 29, 2007 - The revised guidelines for regularization of unauthorized colonies in Delhi have been finalized by the Government. A copy of the revised guidelines has been sent to Government of NCT of Delhi (GNCTD) and Delhi Development Authority (DDA) for taking necessary preparatory steps. GNCTD has informed that it has issued public notice in leading newspapers inviting lay-out plan and other information from resident associations/resident societies. However, guidelines and modalities have to be brought before the Hon'ble Supreme Court & High Court.

Housing facilities for commonwealth games | INRnews

New Delhi, India, November 29, 2007 - The Minister of Tourism and Culture Smt. Ambika Soni has said that construction of hotels is primarily a private sector activity and the Ministry of Tourism extends facilitation. However, Ministry of Tourism has been in regular touch with the various land owning agencies like Ministry of Civil Aviation, DDA, Ministry of Urban Development and State Land Owning Agencies etc. for identifying hotel sites in view of the forthcoming Commonwealth Games 2010. Ministry of Tourism has also floated schemes like the approval of Guest Houses and Incredible India Bed and Breakfast establishments for increasing the room inventory in Delhi and the NCR especially in the budget category.

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 23, 2007

New Delhi HQ for DTZ | INRnews

New Delhi, India, November 23, 2007 - Global real estate adviser DTZ is relocating its Delhi HQ to a new, fully fitted-out office space located at Incube, Nehru Place with effect from 26 November 2007.

November 22, 2007

Assocham to hold conference on urban land markets & finances reforms | INRnews

New Delhi, India, November 22, 2007 - ASSOCHAM is organizing a one day conference on the theme “Urban Land Markets & Finances : The Legal, Financial & Procedural Reforms” on 28th November, 2007 at Hotel Intercontinental The Grand, New Delhi.  28th November 2007, Intercontinental The Grand, Barakhamba Avenue, New Delhi

November 19, 2007

REC to develop world headquarters in Gurgaon | INRnews

Gurgaon, India, November 13, 2007 - REC had floated a Global Architectural Competition for designing its World Headquarters for office (4 acres) and residential township (10 acres) in Gurgaon.  After two rounds of discussion, the Jury consisting of Shri Satish Gujral, world famous painter, sculptor and architect, Mr. K.T. Ravindran, Director of School of Planning and Architecture and Mr. A. G. K. Menon, Director of TVB School of Studies declared M/s Chelsea West of New York, USA and Sanjay Prakash & Associates of New Delhi as the winner.  The building is expected to be ready by 2010.

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).

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. 

November 17, 2007

Lacoste launches store in South Extension, Delhi | INRnews

New Delhi, India, November 17, 2007 - Premium French Lifestyle brand, Lacoste, announced the launch of its latest Flagship Boutique at South Extension Part II, Delhi. With the launch of its flagship boutique the French Lifestyle brand aims to redefine the retail landscape in India. The store has been designed by Christophe Pillet and is spread over 7000 sq ft. The company has invested $1 million in this boutique.

November 13, 2007

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 11, 2007

New supply of office space to stabilise prices in Delhi and NCR market | INRnews

New Delhi, India, November 11, 2007 - New supply of over 1.8 million sq ft of office space is likely to stabilise rental and capital values across the NCR market while demand factors continue to be strong.

November 10, 2007

Delhi residential real estate demand more end-user driven | INRnews

New Delhi, India, November 10, 2007 - The Delhi residential real estate market has seen a shift from predominantly investor driven to the end user focused; which might stabilize it to a greater extent with a probability of price correction in the near future according to real estate services firm Colliers International.

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.

October 31, 2007

Gurgaon residential real estate - over-supply at the high-end? | INRnews

Gurgaon, India, October 31, 2007 - The Gurgaon residential market has seen a meteoric rise in the last few years. However, with a large number of residential units, particularly at the high end, scheduled to hit the market in the next 6-18 months, the demand-supply dynamics is set to undergo a few changes that could impact future growth according to a recent report by global real estate adviser DTZ .

Financial assistance for new infrastructure projects in NCR | INRnews

New Delhi, India, October 31, 2007 - The  Project Sanctioning and Monitoring Group of the NCR Planning Board met under the Chairmanship of Shri M. Ramachandran, Secretary, Ministry of Urban Development, here today to discuss progress of implementation of infrastructure development projects financed by the Board in the National Capital Region and in five counter magnet towns of Bareilly, Hissar, Patiala, Gwalior and Kota and sanction financial assistance for new infrastructure development projects in the region.

October 29, 2007

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 18, 2007

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 01, 2007

CCEA approves infrastructure development of Panchkula, Mohali and Naya Raipur | INRnews

New Delhi, India, October 01, 2007 - The Cabinet Committee on Economic Affairs today gave its approval for the infrastructure development of Panchkula and Mohali near Chandigarh, and Naya Raipur in Chhatisgarh under the Jawaharlal Nehru National Urban Renewal Mission (JNNURM).

September 26, 2007

Gurgaon infrastructure development required to make it a world city | INRnews

Gurgaon, India, September 26, 2007 - CII Haryana State  Council  facilitated an interaction between the Industry and the Government of Haryana for sustaining the Growth Momentum of Gurgaon  at the CII Conference Hall in Gaurgaon today.The Interaction was basically on the issues in terms of infrastructure development, security issues that would need to be pursued for Gurgaon to become a truly Global City and also to sustain this rapid growth momentum. Mr Rakesh Gupta, Deputy Commissioner, Gurgaon, Mr Mohinder Lal, Commissioner-Police Gurgaon were present at this Session.

September 23, 2007

Delhi and NCR residential real estate market sluggish | INRnews

New Delhi, India, September 23, 2007 - The Delhi and NCR residential real estate market is experiencing a slow-down in purchasing activity. While suburban markets have witnessed a decline in capital values driven by sluggish demand and adequate supply of new units, prime real estate in Central and South West Delhi has witnessed steady purchasing activity.

September 20, 2007

Development of rail network crucial for DMIC - Minister | INRnews

New Delhi, India, September 20, 2007 - Shri Kamal Nath, Union Minister of Commerce and Industry, has stressed on constructing more rail lines and improving their gauges for the development of industrial nodes being taken up under the Delhi-Mumbai Industrial Corridor (DMIC) Project. In his communication sent to the Railway Minister here today, Shri Kamal Nath has focussed on the crucial need for the development of rail networks especially in Madhya Pradesh where the rail route kilometer length is much less than the neighbouring states.  

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).

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.

September 17, 2007

Committee on Delhi - Gurgaon link road setup | INRnews

New Delhi, India, September 17, 2007 - The Prime Minister, Dr. Manmohan Singh, has approved the appointment of a high level committee to coordinate the development of new road links between Delhi and Gurgaon. The committee will be chaired by the Member Secretary of the Planning Commission with the following members.

September 14, 2007

CREDAI NCR hosts conference on investment environment in real estate | INRnews

New Delhi, India, September 14, 2007 - The National Capital Region (NCR) chapter of the apex real estate industry body, Confederation of Real Estate Developer's Associations of India, CREDAI NCR, organized the country's largest interactive conference on 'Investment Environment & Funding Mechanisms in Real Estate Development in India' today with one of the leading real estate advisories Cushman & Wakefield. 

September 10, 2007

Cushman & Wakefield ties-up with CREDAI NCR for conference | INRnews

New Delhi, India, September 10, 2007 - CREDAI NCR, the Delhi-NCR chapter of Confederation of Real Estate Developer's Associations of India (CREDAI), the apex industry body, has announced that it is convening India's largest conference on 'Investment Environment and funding Mechanisms in Real Estate Development' on Friday, September 14, 2007 at New Delhi.

September 08, 2007

Delhi Airport Modernization Process on Track | INRnews

New Delhi, India, September 08 Sep, 2007 - Delhi’s dream of having a world class airport will soon be true. The modernization of the Indira Gandhi International Airport being carried out by Delhi International Airport (P) Limited is on schedule. A team of senior officials from the Ministry of Civil Aviation and Ministry of Urban Development visited the construction site to apprise themselves of the progress of the project. Currently, work is on simultaneously for the construction of a new domestic terminal, the modernization of the existing international terminal, a world class integrated passenger terminal (Terminal 3) and a third runway for the airport.

September 05, 2007

Regularisation of unauthorised colonies in Delhi | INRnews

New Delhi, India, September 05, 2007 - The Government of National Capital Territory of Delhi (GNCTD) had invited applications from Societies/Associations of unauthorized colonies existing as on 31.3.2002 seeking regularization and received 1432 applications. Further, 107 applications have been received by the GNCTD in response to a later advertisement. GNCTD has informed that processing of these applications has been taken up.

September 03, 2007

Parsvnath receives notification for Gurgaon IT SEZ | INRnews

Gurgaon, India, September 03, 2007 - Parsvnath Developers Ltd has announced that that the Company have received the final notification from the Central Government for the Company IT / ITES SEZ at Gurgaon (Haryana), in the name of the Company Subsidiary, Parsvnath SEZ Ltd. With this, the company now has 2 notified SEZs for IT / ITES sectors at Indore and Gurgaon.

August 31, 2007

Omaxe Ltd awarded Delhi Metro Rail tender for commercial development | INRnews

New Delhi, India, August 31, 2007 - Omaxe Ltd has announced that tender offer of the Company to the tender floated by Delhi Metro Rail Corporation Ltd (DMRC) for commercial development of Chawri Bazar Metro Station, has been accepted by DMRC.

August 30, 2007

DLF - DLF Hotels to bring Four Seasons to Gurgaon | INRnews

New Delhi, India, August 30, 2007 - DLF Ltd has announced that DLF Hotels, the hospitality arm of the Company, on August 30, 2007 announced that it has reached an agreement with Four Seasons Hotels and Resorts to operate a proposed luxury hotel at DLF Golf Links, in Gurgaon.

Development of land as park by DDA | INRnews

New Delhi, India, August 30, 2007 - Delhi Development Authority has informed that the land use of the piece of land surrounded by DDA MIG green flats, Rajouri Garden and road of WZ-106, Rajouri Garden Extension is earmarked for Senior Secondary School to be allotted to Education Department and hence the land cannot be developed as a park.

Flats for slum dwellers in Delhi | INRnews

New Delhi, India, August 30, 2007 - The Master Plan for Delhi-2021 provides for Multi-storeyed in-situ up-gradation of the land pockets of slum and JJ clusters, which are not required for public/priority use, as the first option for provision of affordable housing for rehabilitation of squatters.

40 hectares of railway land encroached in Delhi | INRnews

New Delhi, India, August 30, 2007 - There are 27000 numbers of encroachments covering an area of approximately 40 hectare of railway land. These encroachments have come up over various years. Various steps have been taken for removal of encroachments, which also include action under Public Premises (Eviction of Unauthorised Occupants) Act, 1971.

August 25, 2007

ITD Cementation bags Rs 893cr Delhi Metro Rail contract | INRnews

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.

August 21, 2007

National Capital Region Planning Board meets; approves plan outlay | INRnews

New Delhi, India, August 21, 2007 - The National Capital Region (NCR) Planning Board at its meeting today has approved a total plan outlay of Rs.1469 crore for 2008-09 on account of providing loan assistance to the participating states of U.P, Haryana, Rajasthan and NCT of Delhi and for undertaking studies, surveys and meeting expenses incurred in preparation of sub-regional plans and functional plans. This was stated by Shri S.Jaipal Reddy, Minister of Urban Development who chaired today’s meeting. The borrowing programme of Rs 900 crore for the above purposes has also been approved. The Board approved the proposed financing plan for the 11th Five year Plan involving loan assistance of Rs. 11000 crore for infrastructure projects for which the Board will be accessing funds to the extent of Rs. 8000 crore from the International Aid Agencies like World Bank and Asian Development Bank.

Ansal API performs bhoomipujan for Doondahera, Ghaziabad real estate project | INRnews

Ghaziabad, India, August 21, 2007 - Ansal API the leading real estate developers of the country, today performed the earth breaking ceremony for Aquapolis, a high-end residential township in Doondahera, Uttar Pradesh. Bookings for residential plots in this township are now open.

August 20, 2007

Ansal Properties signs agreement with IIML for Gurgaon real estate projects | INRnews

Mumbai, India, August 20, 2007 - Ansal Properties & Infrastructure Ltd, a leading real estate developer in India, has announced that the Company has signed two Agreements with IL&FS Investment Managers (IIML), the private equity arm of IL&FS to develop two Projects of Township and IT SEZ in Gurgaon, Haryana.  The agreement was singed in Mumbai by Mr.Pranav Ansal, Director, Ansal API with IILM.

Ansal Housing launches residential project in Karnal, Haryana | INRnews

Karnal, India, August 20, 2007 - Ansal Housing & Construction Ltd has announced that the Company has performed Bhoomipujan of "Ansal Town" at Karnal (Haryana) August 19, 2007. This marks the beginning of construction of fully equipped Residential Project that integrates state-of-art lifestyle with world-class features.

August 17, 2007

ICICI Bank Home Loans to organize Home Utsav in Delhi | INRnews

Mumbai, India, August 17, 2007 - ICICI Bank Home Loans will be organizing ‘Property Maha Utsav’, a mega property exhibition from August 17 to 19, 2007 at Hotel Taj Palace in Delhi. The ‘Home Utsav’ will be open between 10 a.m. and 8 p.m. on all the days. ICICI Bank is bringing the top 30 builders of Delhi for the event and more than 4000 prime properties will be on display. A convention has also been organised on August 18 on  "Real Estate Housing & Finance: Trends, Tools and Opportunities", which will be addressed by eminent personalities, to discuss various issues concerning real estate development, finance and reforms.

Indiabulls Real Estate plans projects across India | INRnews

Mumbai, India, August 17, 2007 - Indiabulls Real Estate Limited (IREL) with projects covering a total land area in excess of 10000 acres is one of the largest listed real estate companies in India and a leading national player across multiple realty and infrastructure sectors. IREL projects include High-end Office and Commercial Spaces, Premium Residential Developments, Integrated Townships, Luxury Resorts and Special Economic Zones. INRnews summarises the various projects Indiabulls Real Estate is undertaking.

August 16, 2007

Delhi Master Plan-2021 to ensure housing for all | INRnews

New Delhi, India, August 16, 2007 - The Master Plan for Delhi-2021 aims to ensure housing and  shelter options for all categories of people.  The proposed housing   strategy   incorporates    specific   approaches   for development  of new housing areas, upgradation and re-densification of existing  housing areas   including  unauthorised  colonies,  housing in villages and  Special  Area.

Delhi Mumbai Industrial Corridor project given approval | INRnews

New Delhi, India, August 16, 2007 - The Union Cabinet today gave in principle approval to the following proposals in regard to Delhi Mumbai Industrial Corridor (DMIC) Project outline :

DLF strikes the largest real estate deal with potential value in excess of Rs 12,000 crores | INRnews

New Delhi, India, August 16, 2007 - DLF Ltd has announced that the Company has entered into an agreement to acquire a project consisting of 38 acres of land from DCM Shriram Consolidated Ltd. "DSCL" & Lohias Group for Rs 1,675 crores (approx). The property was a landmark known as Swatantra Bharat Mills and DCM Silk Mills. As per internal estimates of the Company, this acquisition coupled with the previous acquisition of contiguous plots, will add Rs 4,000 crores to its NAV. It will also increase the NAV of the existing IT SEZ project by Rs 1000 crores, thereby the total cumulative NAV increasing by Rs 5,000 crores.

Delhi mill land to be sold to DLF in Rs 1600 crore real estate deal | INRnews

New Delhi, India, August 16, 2007 - Indian real estate major DLF Ltd is close to finalising the largest private sector land deal in the country. According to the Economic Times, DLF is to purchase about 38-acres of Delhi mill land from DCM Shriram Consolidated for Rs 1,600 crore.

DCM Shriram Consolidated sells its share in SBM Land Redevelopment Project, Delhi | INRnews

New Delhi, India, August 16, 2007 - DCM Shriram Consolidated Ltd (DSCL) an integrated business group, with extensive and growing presence across the entire agri-rural value chain and chloro-vinyl industry, at its Board Meeting today approved the sale of its 50% rights, title and interests in SBM Land Redevelopment Project. The company simultaneously signed binding agreements with M/s BES Buildcon (P) Ltd., New Delhi (a subsidiary of M/s. DLF Ltd), for the transaction.

August 15, 2007

Delhi govmt proposal for use of farmhouses for social functions | INRnews

New Delhi, India, August 15: THE Delhi government has submitted to the High court for approval interim guidelines for the use of farmhouses to host social functions such as weddings and parties. The Delhi High court had in Dec '05 passed an interim ban on farmhouses located on roads less than 60 feet wide to hold social functions.

Raheja Developers to launch 6000 apartments in Gurgaon | INRnews

Gurgaon, India, August 15, 2007 - Raheja Developers is to launch over 6000 apartments in various sectors of Gurgaon.

August 14, 2007

Textile Companies spinning land deals | INRnews

New Delhi, India, August 14, 2007 - If you owned a textile mill and the plodding apparel manufacturing business was overtaken swiftly by real estate gunners, what would you do? Leap in with the competition perhaps? That is exactly what a lot of erstwhile textile-only firms are doing. It is an option that works both ways. Real estate giants scouting for increasingly scarce land are a perfect fit for land-owning millers without developer expertise.

August 13, 2007

Omaxe Ltd enters into agreement for commercial development with Vishal Retail | INRnews

New Delhi, India, August 13, 2007 - Leading real estate developer Omaxe Limited has entered into a Consortium Agreement / Memorandum of Agreement with Vishal Retail Ltd on August 04, 2007 for filing tender documents for "Commercial Development at Chawri Bazar" invited by Delhi Metro Rail Corporation Ltd.

August 11, 2007

Omaxe launches ultra-premium apartments and penthouses in Noida | INRnews

Noida, India, August 11, 2007 -  Real estate major  Omaxe Ltd has announced that M/s. Omaxe Buildhome Pvt Ltd (a wholly owned subsidiary of the Company) proposes to launch soon Ultra Luxury Premium Apartments and Penthouses "The Forest Spa" of Omaxe Grandwoods at Sector 93B, Noida, U.P. "The Forest Spa" will consist of 176 ( approx.) units with area ranging from 2850 sq. feet to 6500 sq. feet over approximately 8 acres of area.

August 09, 2007

Delhi property prices stable in the second quarter | INRnews

Delhi, India, August 9, 2007 - Property prices in Delhi and Gurgaon have been stable in the second quarter of 2007 while there has been a moderate increase in rental values during the same period according to real estate services firm Colliers International.

August 08, 2007

MTNL to develop 19-acre Core Knowledge Park at Noida | INRnews

Noida, India, August 08, 2007 - Mahanagar Telephone Nigam Ltd (MTNL) has announced that the Company and Consortium of IDEB-SUCG Knowledge Park Pvt Ltd have joined hands for joint development of the Company's plot situated at B-3, Institutional Area, Sector-62, Phase-II, Noida (U.P) measuring approx. 19.76 acres, for training center named as Core Knowledge Park within the terms of lease of the land. An agreement to this effect has been signed on August 07, 2007.

August 03, 2007

Punj Lloyd forays into Real Estate Development; Enters into MOU for JV with Ramprastha Group | INRnews

New Delhi, India, August 03, 2007 - Punj Lloyd, a global EPC player in the energy and infrastructure sector, has signed a Memorandum of Understanding with the Ramprastha Group for the development of multi-storied residential housing through a 50:50 joint venture (JV) of Punj Lloyd (or its affiliates) and the Ramprastha Group.

Entertainment park to come up in Noida | INRnews

Noida, India, August 03, 2007 - Noida is to get an entertainment park built by IRPPL (International Recreation Parks Pvt.Ltd). The park will cover 150 acres and have a capacity to take in 1.8 million visitors annually. Its design accomodates an amusement park and commercial space. Phase 1 of the project Noida Entertainment City was to open in July. Another E-park is to be set up in Rohini, also by IRPPL.

July 31, 2007

Lemon Tree to open 6 hotels in India next year | INRnews

Mumbai, India, July 31, 2007 - Hotel chain Lemon Tree plans to launch six hotels across metro cities including Ahmedabad, Chennai, Delhi, Hyderabad, Jaipur and Mumbai by 2008 and 14 properties across 12 cities by 2010.

July 19, 2007

DLF bags Rs 6000 Crore Convention Center, Hotels and Commercial Services Project at Dwarka, New Delhi | INRnews

New Delhi, India, July 19, 2007 - DLF Ltd has announced that Delhi Development Authority has awarded the design, development and operation of an International Convention Centre, proposed to be developed in Sector 24, Dwarka, New Delhi.

Delhi residential property prices headed south in suburban locations | INRnews

New Delhi, India, July 19, 2007 - Leading real estate services firm Cushman & Wakefield feels that there is likely to be downward pressure on real estate prices in certain suburban locations of Delhi caused by fresh supply of housing units in the mid-range segment. This excess supply could lead to a correction of 15%-20% in certain markets.

July 18, 2007

Taj Group to build 200-room business hotel in Gurgaon | INRnews

New Delhi, India, July 18, 2007 - The Indian Hotels Company Limited (IHCL) on Tuesday said it will build a premium 200-room Taj Business hotel in partnership with HB Estate Developers in Gurgaon, which is expected to be operational by 2010.

July 16, 2007

Omaxe Limited IPO opens on July 17, 2007 | INRnews

Mumbai, India, July 16, 2007 - Omaxe Limited (the “Company”), an ISO 9001:2000 certified real estate development and construction company with operations in 30 cities and 9 states in India, will enter the capital market with an Initial Public Offer (“IPO”) of upto 17,796,520 equity shares (the “Issue”) of Rs. 10 each for cash at a price to be decided through a 100% Book Building Process. The Bid/ Issue will open for subscription on July 17, 2007, and closes on July 20, 2007. The Company has fixed the Price Band between Rs. 265 and Rs. 310 per equity share. The equity shares are proposed to be listed on the Bombay Stock Exchange Limited (“BSE”) and the National Stock Exchange of India Limited (“NSE”).

July 09, 2007

DDA introduces Penalty Relief Scheme 2007 | INRnews

New Delhi, India, July 09: THE Delhi Development Authority (DDA) has announced a penalty relief scheme to aid those who were allotted flats but defaulted on payments.

India's retail sector looks towards smaller cities | INRnews

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

July 07, 2007

Unitech annouces luxury residential project - Unitech Grande - in Noida | INRnews

New Delhi, India, July 07, 2007 - Indian real estate major Unitech Ltd has announced the launch of a premium residential project, Unitech Grande, in Noida. Unitech Grande is a premium lifestyle destination offering super luxury apartments in sylvan surroundings across 347 acres of prime land.

July 05, 2007

Ansal API launches Aquapolis in Ghaziabad | INRnews

Ghaziabad, India, July 05, 2007 - Ansal Properties and Infrastructure Ltd. today unveiled its one –of-its kind project in Ghaziabad called the Aquapolis. Spread over 175 acres of land, the project is expected to be completed in the next 2-3 yrs. Aqua connote water and polis means an ancient Greek city-state.  Aquapolis is a new millennium township, designed by Chelsea West, New York and inspired by the best of International architectural tradition of reflecting pools, gardens, lots of greenery and soaring towers.

July 04, 2007

Ministry of Civil Aviation puts airport at Greater Noida on the fast track | INRnews

New Delhi, India, July 04, 2007 - The Ministry of Civil Aviation has received a techno-feasibility study and project report from the Government of Uttar Pradesh (UP) for setting up an airport at Greater Noida. The Ministry has considered the report and has assured the State Government of Uttar Pradesh that it would require approximately three months to get an ‘in-principle’ approval for the airport from the Government of India under the prevailing circumstances.

Emmar MGF awarded contract for building Commonwealth village by DDA | INRnews

New Delhi, India, July 04, 2007 - Real estate developer Emmar MGF has bagged the contract for building the Commonwealth Games village in Delhi.

June 22, 2007

Formal approval granted to 36 SEZs; in principle approval to 9 | INRnews

New Delhi, India, June 22, 2007 - The Board of Approval (BOA) of the Special Economic Zones (SEZs) met here today to consider proposals for setting up of Special Economic Zones and also approve other miscellaneous requests pertaining to SEZs. In this meeting, 53 applications for setting up SEZs were considered and 36 Formal approvals and 9 In-principle approvals were granted.

June 21, 2007

Parsvnath Developers secures mall project in North Delhi | INRnews

New Delhi, India, June 21, 2007 - Parsvnath Developers Ltd on June 21, 2007, has announced that the Company has bagged another DMRC project for developing an ultra modern fully Air-Conditioned shopping mall outside Netaji Subhash Place Metro Station in North Delhi.

Delhi Government sets new property valuation rates | INRnews

New Delhi, India, June 21, 2007 - The Delhi Government has approved new property valuation rates for registration of property in the city. These rates will be reviewed every five years.

June 20, 2007

Foundation stone laid for OIDB Bhawan in Noida | INRnews

New Delhi, India, June 20, 2007 - Union Minister for Petroleum and Natural Gas Shri Murli Deora laid the foundation stone of “OIDB Bhawan” at NOIDA today. Oil Industry Development Board (OIDB) is an autonomous and statutory organization under the Ministry of Petroleum and Natural Gas established in 1975 under an act of Parliament, to provide financial assistance for the development of oil and gas industry.

June 15, 2007

Foundation stone laid for power project in Dadri | INRnews

New Delhi, India, June 15, 2007 - Delhi will get 90 per cent of the power generated from the 980 MW second phase of National Thermal Power Corporation (NTPC) Project, Dadri, in view of the forthcoming Commonwealth Games while the Uttar Pradesh will share 10 per cent of the power generated.

June 12, 2007

Uppal Group - Luxor Group SPV signs MoU with Trinity Capital, to develop Gurgaon SEZ | INRnews

New Delhi, India, June 12, 2007 - A special purpose vehicle (SPV) formed by Delhi based real estate Uppal Group and Luxor Group, today announced the signing of a memorandum of understanding (MoU) with Trinity Capital (PLC), a US based boutique investment banking and restructuring firm. The two companies also announced divestment of their partial shareholding in the SPV in favor of Trinity Capital for over Rs. 300 crore. The SPV was floated by the two companies to develop 10 million sq. ft. on a 67-acre plot for their upcoming notified SEZ’s in Gurgaon.

June 11, 2007

Ansal Housing to develop 100-acre township in Rewari, Haryana | INRnews

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).

June 06, 2007

Holistic Development of NCR Region need of the Hour - Sheila Dikshit | INRnews

New Delhi, India, June 06, 2007 - The Chief Minister of Delhi, Mrs Sheila Dikshit, has assured the Delhi Government's support and cooperation to neighboring states bordering the capital for a holistic development of the NCR region.

Holistic Development of NCR Region need of the Hour - Sheila Dikshit | INRnews

New Delhi, India, June 06, 2007 - The Chief Minister of Delhi, Mrs Sheila Dikshit, has assured the Delhi Government's support and cooperation to neighboring states bordering the capital for a holistic development of the NCR region.

June 04, 2007

MTNL to develop Core Knowledge Park in Noida | INRnews

Mumbai, India, June 04, 2007 - Mahanagar Telephone Nigam Ltd (MTNL) has announced that the Board of Directors of the Company at its meeting held on June 04, 2007, has approved the development of Core Knowledge Park (CKP) at the land available with the Company in Noida. This will be developed by a consortium selected by the Company against an open Expression of Interest (EOI) floated by the Company.

June 03, 2007

Parsvnath launches luxury condominium in Ghaziabad | INRnews

New Delhi, India, June 3, 2007 - Parsvnath Developers Ltd., a leading real estate developer in India, has launched a high-rise exclusive air-conditioned luxury condominium in Ghaziabad. Parsvnath Developers Ltd. performed the Bhoomipujan and launched the project this morning. The revenue from the project is approximately Rs. 600 crores over the next three years including this financial year.

May 11, 2007

Grade – A office space in India – Is Oversupply building up?

Mumbai, India, May 11, 2007 - The Indian A-Grade leasehold office space markets are currently at an all time high; both in terms of the quantum of space leased per annum and the prevailing rental values. A study conducted by global property advisers DTZ, reveals that while demand for the A-Grade leasehold office space continues to remain healthy, most cities in India, are seeing the beginning of an oversupply situation that will continue in the short to medium term.

May 04, 2007

Adlabs Acquires 23 Screens In Delhi NCR, UP, Punjab & Haryana | INRnews

New Delhi, India, May 04, 2007 - Adlabs Films Limited, a member of the Reliance Anil Dhirubhai Ambani Group and the leading entertainment conglomerate in the country, today entered into an agreement with Rave Entertainment to acquire the right to conduct cinema exhibition business at one operational multiplex in Kanpur and six more projects under implementation in NCR, Uttar Pradesh, Punjab and Haryana totaling 23 screens. This acquisition by itself would contribute to an increase in Adlabs' multiplex presence by five properties (17 screens) within the next four months.

April 18, 2007

Rs. 20 Cr. Public Money Rots With NOIDA Coffer - ASSOCHAM | INRnews

New Delhi, India, April 18, 2007 - Three years have gone by and NOIDA Authority continues to hold back a sum of Rs.20 crores that it collected from 1,70,000 plot owning sspirants in the garb of “token money”, without even remotely indicating to them fresh dates for allotments as earlier draw was cancelled under allegation of favouritism and nepotisim in 2004, according to Associated Chambers of Commerce & Industry of India (ASSOCHAM).

April 10, 2007

DDA launches integrated management system | INRnews

New Delhi, India, April 10, 2007 - The Urban Development Minister, Shri S. Jaipal Reddy has said that transparency is one way to reducing corruption and increasing the level of efficiency. Speaking at the launch of the Integrated Management System for a complete online computerization of the Delhi Development Authority here today, Shri Reddy said that computer is a wonderful tool, which enables government and governance as a transparent system. He said that the Integrated Management System would streamline the information in the Authority. The Minister stated that the UPA Government has laid great stress on e-governance and the integrated management system at the DDA will be an example to other organizations not only in Delhi but also in the country.

April 09, 2007

DDA to go in for online computerisation | INRnews

New Delhi, India, April 09, 2007 - The Delhi Development Authority is to go in for online computerization to provide efficient services to the citizens of Delhi. The Authority has decided to computerize all the operations and functions of the organization under computerization programme called, Integrated Management System, IMS. The system will automate all functions and operations of the DDA and usher in a new era in the working of the Authority and will be of immense benefit to the citizens of Delhi.

April 04, 2007

Empowered committee seeks pollution free traffic in Delhi and NCR | INRnews

New Delhi, India, April 04, 2007 - The first Meeting of the Empowered Committee of the National Capital Region Planning Board was held under the Chairmanship of Secretary, Urban Development Ministry, Shri M. Ramachandran in New Delhi today. Chief Secretary of Haryana, Additional Chief Secretary of Rajasthan besides senior officials from the Government of Uttar Pradesh, and Government of National Capital Territory of Delhi and other officials from the Central Government Departments, attended the meeting.

The meeting discussed issues relating to unrestricted movement of buses, taxis and auto rickshaws within the National Capital Region, use of CNG fuel to reduce pollution levels in the towns of National Capital Region, opening large number of CNG Pump Stations in the NCR as well as improving connectivity in the National Capital Region both by extension of Metro to satellite towns around NCT of Delhi as well as better framework of roads in preparation for the forthcoming Commonwealth Games-2010.

April 02, 2007

Parsvnath Sterling launched in Ghaziabad | INRnews

Ghaziabad, India, April 02, 2007 - Parsvnath Developers conducted the earth breaking ceremony and announced the launch of Parsvnath Sterling, a residential group housing project on main GT Road, Ghaziabad, Uttar Pradesh.

March 28, 2007

HUDA auctions ten sites for Rs 71.2 crore | INRnews

Mumbai, India, March 28, 2007 - The Haryana Urban Development Authority (HUDA) has earned an amount of Rs. 71.20 crore through the auction of its ten sites on 27th march 2007.

March 23, 2007

Parsvnath Developers launches Parsvnath Privilege in Greater Noida | INRnews

New Delhi, India, March, 23 2007 - Parsvnath Developers Ltd has announced that the Company conducted the Bhoomi Pujan and announced the launch of 3-bedroom air-conditioned luxury condominium, Parsvnath Privilege in Sector Pi, Greater Noida (U.P.). Parsvnath Privilege has convenient connectivity to major landmarks of Delhi. Parsvnath Privilege will redefine luxurious living for the people of Greater Noida.

March 18, 2007

DDA invites tenders for 500 shops and offices | INRnews

New Delhi, India, March 18, 2007 - The Delhi Development Authority (DDA) is inviting tenders for purchase of 500 shops and offices in different areas of the capital. The closing date for receiving offers is March 30, 2007.

March 16, 2007

Delhi Master Plan envisages housing development under different models | INRnews

New Delhi, India, March 16, 2007 - The Master Plan for Delhi 2021 envisages the development of different types of houses through Public, Co-operative and Private sectors. About 40% of the housing need can potentially be satisfied through redevelopment and up-gradation of existing areas of Delhi and the remaining 60% can be met in new areas to be developed as urban extension.

GMR Infrastructure subsidiary begins work on two new runways in Delhi | INRnews

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.

Om Metals Infraprojects to develop a corporate park on the Delhi - Faridabad highway | INRnews

New Delhi, India, March 16, 2007 - OM Metals Infraprojects Ltd has aannund that the Company has recently acquired one plot of land measuring 16,000 Sq. Mtr. in an open tender.

March 07, 2007

Parsvnath Developers to build world-class mall at Rohini in Delhi | INRnews

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.

Six-laning of Delhi to Meerut highway approved | INRnews

New Delhi, India, March 07, 2007 - Six laning of Delhi-Meerut section of National Highway (NH) has been approved. Preparation of Detailed Project Report (DPR) is in progress at present.

March 02, 2007

Delhi Master Plan 2021 envisages redensification of existing housing areas | INRnews

New Delhi, India, March 02, 2007 - According to MPD-2021, the estimated population of Delhi would be in the range of 220 to 230 lakhs in the year 2021, and additional 24 lakh dwelling units would be needed to meet the housing requirement. This was stated by the Minister of Urban Development, Shri S. Jaipal Reddy.

Delhi Metro to introduce Feeder Bus Service to connect 27 stations | INRnews

New Delhi, India, March 02, 2007 - Delhi Metro Rail Corporation proposes to start new feeder buses on 36 routes to provide better connectivity with Metro stations according to the Minister of state for Urban Development Ministry, Shri Ajay Maken.

Two new flyovers opened on Delhi - Gurgaon section of NH-8 | INRnews

New Delhi, India, March 02, 2007 - In continuing efforts to provide comfort to commuters between Delhi and Gurgaon, Thiru. T.R. Baalu, Union Minister of Shipping, Road Transport and Highways and Shri. B.S. Hooda, Chief Minister of Haryana opened to traffic the flyovers at IFFCO Crossing and South City junction on NH-8 in Gurgaon, Haryana today. These two flyovers on NH-8 complete the last leg of flyovers in Gurgaon section—with this the entire stretch between Mahipalpur to Rajeev Chowk is now open to traffic.

75,000 dwelling units required annually in Delhi - Delhi Master Plan 2021 | INRnews

New Delhi, India, March 02, 2007 - The Master Plan Delhi 2021 recognizes that in addition to redevelopment of existing areas there would still be need for development of housing to the extent of at least 75,000 dwelling units per annum in different categories. To review and assess the achievement, a five yearly target has been provided in the Plan with monitoring period of one to four years for different types of housing developments. The Minister of State for Urban Development Shri Ajay Maken stated this in a written reply in the Lok Sabha today.

27,000 hectares of land available for urbanisation in Delhi - Delhi Master Plan 2021 | INRnews

New Delhi, India, March 02, 2007 - According to the Master Plan for Delhi, MPD 2021 about 27,000 hectares of land, including some built up area, has been projected as available for urbanization. Minister of State for Urban Development, Shri Ajay Maken said that this land is broadly to be distributed in different land uses such as residential, commercial, green/ recreational facilities and circulation etc. in urban extensions.

Linkages Between DTC Depots & Metros Necessary To Raise Its Occupancy | INRnews

New Delhi, India, March 02, 2007 - Establish suitable transportation linkages between hubs of economic activities to Metro stations so as to enhance occupancy in Metros run by Delhi Metro Railway Corporation (DMRC), which currently is highly under utilized to the extent of 75%, advises the Associated Chambers of Commerce & Industry of India (ASSOCHAM).

March 01, 2007

Metro to provide high speedexpress link between New Delhi Railway Station and International Airport | INRnews

New Delhi, India, March 01, 2007 - The Government has approved 'in principle' a proposal of Delhi Metro Rail Corporation (DMRC) Ltd. to provide a High Speed Express Link between New Delhi Railway Station to Indira Gandhi International Airport (IGIA) for a length of 18.775 km. at a total estimated cost of Rs.3811 crore (including taxes) subject to certain conditions.

Projects for Commonwealth Games | INRnews

New Delhi, India, March 01, 2007 - The process of seeking clearances from various agencies for the Commonwealth Games, 2010 related projects is an on-going process and any objections/clarifications raised by them are being suitably addressed by the implementation agencies concerned. For expediting the required clearances, an Empowered Committee has been set up under the Chairmanship of Chief Secretary, GNCTD with representatives from all the concerned agencies/authorities to facilitate speedy clearances in respect of the games related projects, which has been meeting regularly.

DDA reclaims 95 acres of land after clearing encroachment | INRnews

New Delhi, India, March 01, 2007 - The Delhi Development Authority (DDA) has reported that about 95.91 acres of its land has been reclaimed after the removal of encroachments during the year 2006. The Municipal Corporation of Delhi (MCD) has reclaimed area of about 2.75-lakh sqm. during the period from January to November, 2006.

Fortis Healthworld opens 10 health stores in NCR | INRnews

New Delhi, March 01, 2007 - Fortis Healthworld has opened ten round the clock health stores in the National Capital Region catering to all healthcare needs of the consumer.

February 28, 2007

5 year tax holiday in Delhi to encourage hotel infratructure development | INRnews

New Delhi, India, February 28, 2007 - Fresh tax concessions have been allowed in the Budget 2007-08 to promote infrastructure facilities. A five-year holiday from income tax has been allowed for two, three or four star hotels.

February 23, 2007

Delhi airport infrastructure investment drives up realty prices in vicinity | INRnews

Gurgaon, India, February 23, 2007 - The massive Rs.8,500 crore infrastructure investment in upgrading the Delhi International Airport is having a salutary effect on on real estate prices in the vicinity. Areas such as Gurgaon and Dwarka have seen a 10%-15% increase in real estate prices.

February 22, 2007

Delhi farmhouses can now be developed into group housing societies | INRnews

New Delhi, India, February 22, 2007 - In what is likely to generate a windfall for farmhouse owners in prime areas around New Delhi, the Delhi Master Plan is to allow re-development of farm houses into group housing societies. Farmhouse prices in prime areas such as Chattarpur, Bijwasan and Najafgarh amongst others are likely to shoot up now with the prospect of luxury high-rise developments a reality.

February 19, 2007

Parsvnath Developers awarded Noida Group Housing plot | INRnews

New Delhi, India, February 19, 2007 - Parsvnath Developers Ltd has announced that the Company participated in the bids invited by the New Okhla Industrial Development Authority (NOIDA) for allotment of Group Housing Plot No. GHP-001, Sector 116, Noida under Group Housing Scheme, 2007 (2) and upon being successful in bagging the bid, the Company has been issued a letter dated February 14, 2007 conveying acceptance in-principle by the Authority in respect of allotment of the above plot measuring 2,90,000 sq. mtrs. of land (approx. 72 acres).

Delhi to have regulatory authority to monitor construction activities | INRnews

New Delhi, India, February 19, 2007 - Delhi will soon have a statutory regulatory authority to monitor construction activities in the National Capital. Shri S. Jaipal Reddy, Union Urban Development Minister said this while speaking at a symposium on “Delhi: Stepping towards Re-construction” at Delhi Legislative Assembly premises.

February 18, 2007

Noida Authority sells 300 acres of residential land for Rs 2,550 crore | INRnews

Noida, India, February 18, 2007 - The Noida Authority has realised Rs. 2,550 crore from the sale of 300 acres of residential land to five builders.

February 08, 2007

Central Government notifies Delhi Master Plan 2021 | INRnews

New Delhi, India, February 08, 2007 - The Central Government has notified the Master Plan for 2021 on 7th February 2007, in exercise of powers under the Delhi Development Act, 1957. The notification of the MPD 2021 marks the culmination of a detailed and extensive exercise carried out over the past three years to modify the Master Plan to meet the challenges of fast evolving changes in the urban scenario in the National Capital Territory of Delhi. INRnews provides details of major policy initiatives in this article.

Regularisation of 1,500 unauthorised colonies in Delhi | INRnews

New Delhi, India, February 08, 2007 - The Union Cabinet today approved the guidelines for regularization of unauthorized colonies in Delhi. About 1500 colonies have come up in an unauthorized manner over the past three decades in Delhi on both Government as well as private agricultural land, due to the high rate of in-migration into the National Capital Territory of Delhi and the huge increase in the demand for housing outpacing the supply of planned housing stock.

Breaking News - New Master Plan for Delhi 2021 notified | INRnews

New Delhi, India, February 08, 2007 - INRnews reports that the Urban Development Minister Mr. Jaipal Reddy has signed the much awaited new Master Plan for Delhi-2021. Significant policy changes include providing for greater height and floor ratio norms as well as wide relief from sealing and demolition through mixed land use norms that allows for commercial activities on 2,283 roads.

February 07, 2007

75% CEO'S Want DDA To Be Low Cost Housing Developers | INRnews

New Delhi, India, February 07, 2007 - 75% of Delhi based CEO's & MD's belonging to large, middle and small corporate houses interviewed under ASSOCHAM Business Barometer (ABB) survey on "Future Role Of DDA" have unanimously favoured  that role of the Delhi Development Authority (DDA) be strictly restricted to developer of low cost  housing only and that its other functions of strategic planning and housing  estate development should be striped off in view of emerging real estate competition in and around Delhi.

February 06, 2007

Gurgaon hotel site fetches Rs.51 crore per acre in auction | INRnews

Gurgaon, India, February 06, 2007 - According to news reports, the Haryana Urban Development Authority (HUDA) has auctioned a five acre plot for a hotel site in Sector 47 Gurgaon at a price of Rs.255.20 crore. The reserve price for this site was pegged at Rs.163.9 crore.

Mahipalpur and Udyog Vihar crossing flyovers on Delhi - Gurgaon highway opened to traffic | INRnews

New Delhi, India, February 06, 2007 - In ongoing efforts to provide comfort to commuters between Delhi and Gurgaon, Thiru T. R. Baalu, Union Minister of Shipping, Road Transport and Highways, Smt Sheila Dikshit, Chief Minister, Delhi and Sh. B. S. Hooda, Chief Minister, Haryana today ceremonially opened to traffic the flyovers at Mahipalpur in Delhi and Udyog Vihar Crossing of NH-8 in Gurgaon, Haryana. The Minister of State in the Ministry of Shipping, Road Transport & Highways, Shri K.H. Muniyappa was also present on the occasion.

February 05, 2007

Real estate developer Parsvnath to invest Rs 15,000 crore by 2011 | INRnews

New Delhi, India, February 5, 2007 - Enthused by the success of its Initial Public Offer, realty majot Parsvnath Developers Ltd plans to invest a massive Rs 15,000 crore over the next four years to develop 122 million sq ft. of property

February 04, 2007

Claridges Hotels to invest Rs 2300 crore for expansion | INRNews

New Delhi, India, February 04, 2007 - Claridges Hotels is to set up new five-star hotels in Bangalore, Chennai, Hyderabad, Pune and Goa at a cost of Rs.2,300 crore.

February 03, 2007

SVP Group to develop Rs 160 crore Ghaziabad mall | INRnews

New Delhi, India, February 3, 2007 - Real estate developer the SVP Group is to develop a 200,000 sq.ft mall in Ghaziabad in the National Capital Region at an investment of Rs.160 crore.

January 30, 2007

Reliance Retail targets Delhi and NCR for expansion | INRnews

New Delhi, India, January 30, 2007 -  With over 40 Reliance Fresh stores already launched in Chennai, Hyderabad and Jaipur, Reliance Retail began its assault of the National Capital Region market with the recent opening of nine new stores in Ghaziabad, Noida, Faridabad and Gurgaon.

January 17, 2007

Reliance acquires DDA commercial plots for Rs. 986 crore | INRnews

New Delhi, January 17, 2007 - The Delhi Development Authority has auctioned eight commercial plots in Vikaspuri, Dwarka and Rohini for Rs.986 crore. At a price of around Rs.20,000 per sq.ft, this would rank amongst the most expensive commercial land deals in the country. The buyer - Reliance Industries and subsidiary companies - is likely to use this for its Reliance Retail venture.

CREDAI to Organise its 'Second National Exhibition of Developers and Housing Finance Institutions' at New Delhi | INRnews

New Delhi, India, January 17, 2007 - Reaching out to approximately around 1,00,000 potential buyers, the Confederation of Real Estate Developers' Association of India (CREDAI) is planning to hold yet again the 2nd National Property expos in Delhi from 19th Jan, 20th Jan and 21st Jan after the phenomenal turnout and success of the earlier expos. It is being held at Pragati Maidan Hall No 12 A from 10 am – 7 pm on all three days.

January 16, 2007

Indian Institute of Tourism and Travel Management to open new 5-acre campus in Noida | INRnews

New Delhi, India, January 16, 2007 - The Indian Institute of Tourism & Travel Management (IITTM), an autonomous organization of the Ministry of Tourism & Culture, Govt. of India is opening a new center at Noida.  The Minister of Tourism & Culture Smt. Ambika Soni will lay the foundation stone of the new campus at Sector-62, Noida on 18th January, 2007. 

January 14, 2007

Emaar MGF Land to raise $2.9 Bn in IPO | INRnews

Mumbai, January 14, 2007 - Emaar MGF Land Private Limited, a joint venture between Dubai based real estate giant Emaar Properties PJSC Dubai and Indian real estate developer MGF Development Limited, plans to raise over $2.9 billion in one of the largest real estate IPOs in India according to news reports.

January 11, 2007

Posh New Delhi bungalow sells for Rs 100 crore | INRnews

New Delhi, January 11, 2007 - Oswal Chemicals and Fertilisers has acquired a bungalow in New Delhi's tilak Mark for Rs. 100 crore. The property has been under litigation between the seller and the government for a while and following the settlement of this case has now been sold.

January 03, 2007

DDA Housing Scheme 2006 Results Announced | INRnews

New Delhi, January 03, 2006 - The Delhi Development Authority (DDA) has announced results of the DDA Housing Scheme 2006. DDA flats of different types have been allotted in areas such as Dwarka, Rohini, Motia Khan, Jahangir Puri, Bindapur, Narela, Shalimar Bagh, Kalyan Vihar, and East of Loni Road.

December 20, 2006

DDA Housing Scheme 2006 results | INRnews

New Delhi, December 20, 2006 - INRnews has received a large number of enquiries seeking information on results of the Delhi Development Authority (DDA) Housing Scheme 2006. Below is the feedback that we have gathered about the draw and allotment process.

Parsvnath Developers wins bid for hotel and retail land in Delhi | INRnews

New Delhi, December 20, 2006 - Parsvnath Developers Ltd has announced that the Company participated in an open auction for Hotel Plots conducted by Delhi Development Authority (DDA) an December 19, 2006 and were successful in bagging a plot admeasuring 24,355 sq mtrs. (approx.) situated at Dwarka City Centre, Sector-14, Dwarka, New Delhi for a price of Rs 449.91 crores.

December 19, 2006

Ghaziabad to develop as a residential and retail hotspot | INRnews

New Delhi, December 19, 2006 - Ghaziabad is fast emerging as a residential and retail real estate hotspot in the National Capital Region driven by its excellent infrastructure and proximity to IT/ITES centres like Noida.

Noida region developing as a commercial hub in NCR | INRnews

New Delhi, December 19, 2006 - Noida is now developing as the next big commercial hub in the National Capital Region (NCR).

Commercial property rentals rise in Delhi and its suburbs | INRnews

New Delhi, December 19, 2006 - Rentals for legal commercial properties in New Delhi and its suburbs have risen following the drive by the Delhi Municipal Corporation to seal illegal constructions.

December 13, 2006

Pantaloons opens its 4th store in Delhi NCR at Unitech Metro Walk | INRnews

New Delhi, December 13, 2006 - Pantaloon Retail (India) Limited (PRIL) inaugurated its new Pantaloons store at Unitech Metro Walk Mall,Rohini inNew Delhi. The mall also has the amusement park, Adventure Island, and water body facing the cafeteria. Covering an area of 13,000 sq. ft., the Pantaloons store provides a completely new 'fashion experience' in men's wear, women's wear, kids' wear and accessories.

December 12, 2006

Ansal Properties consortium to develop 2,500 acres township in Dadri, NCR | INRnews

New Delhi, December 12, 2006 - An Ansal Properties & Infrastructure led consortium has been found suitable for development of a Hi-Tech Township of approximately 2,500 acres in Dadri (NCR area), Distt. Gautam Budh Nagar.

December 08, 2006

Parsvnath Developers wins bid for commercial land in Delhi | INRnews

New Delhi, December, 8 2006 - Parsvnath Developers Ltd has announced that the Company participated in an open auction for commercial plots conducted by Delhi Development Authority (DDA) on December 07, 2006 and were successful in bagging a commercial plot admeasuring 7232.81 sq. mtrs. situated at Twin District Centre, New Delhi for a price of Rs 231.01 crores. The plot will be used for building a retail / commercial / office complex.

December 07, 2006

Unitech seeks funding to invest in real estate projects valued at Rs.41 billion | INRnews

Mumbai, December, 7 2006 - Leading real estate developer Unitech Ltd is seeking funding from affiliates of Unitech Corporate Park, Plc, a newly incorporated Company in the Isle of Mann, for investment in real estate projects including one Information technology Park and five potential IT Special Economic Zone projects in Noida and Gurgaon in the National Capital Region and in Rajarhat in Kolkata. Unitech Corporate Park, Plc is seeking admission of its Ordinary Shares on the London Stock Exchange’s AIM market.

December 03, 2006

Delhi and NCR commercial real estate rentals increase | INRnews

New Delhi, December 03, 2006 - With little new supply of office space in the prime districts of Delhi and high demand, rentals in the capital and suburbs have increased in the third quarter of 2006 and are projected to rise further until the demand-supply imbalance is addressed.

December 01, 2006

DDA invites partnership to develop comonwealth games village residential project | INRnews

New Delhi, December 01, 2006 - The Delhi Development Authority (DDA) is inviting RFQs for the design, construction and development of residential apartments on a 11 hectare site to house 8,000 participants at the Commonwealth Games 2010.

November 30, 2006

Accor to develop hotels in India | INRnews

New Delhi, November 30, 2006 : As part of its global development strategy aiming at opening 200,000 new hotel rooms by 2010, of which 60% in emerging markets, Accor has signed today significant partnerships that trigger a major expansion in India. This expansion plan covers the full spectrum of the hotel market in India, including budget Formule 1 hotels, economy Ibis hotels, mid-market Novotel hotels and upper-upscale Sofitel properties.

Office space absorption in National Capital Region increases | INRnews

New Delhi, November 30, 2006 : The National Capital Region (NCR) has witnessed overall office space absorption of 6.36 million sq. ft. in the first three quarters of 2006. The total absorption for NCR is estimated to be 8 million sq. ft. by year end, nearly 3.5 times of the absorption in the entire year of 2005 (2.36 million sq. ft.).

Proposal to regularise Sainik Farms in Delhi | INRnews

New Delhi, November 30, 2006 : The Union Cabinet has directed, while considering the proposal for regularization of unauthorized colonies in Delhi, that the department of Urban Development may bring up a proposal examining the options for deterrent penalties for the different violations in case it is decided to consider the regularization of Sainik Farm or other similar colonies. The Minister of State for Urban Development Shri Ajay Maken stated this in a written reply in Rajya Sabha today.

November 29, 2006

New 130,000SF office building slated for Gurgaon, India | INRnews

Gurgaon, November 29, 2006 : The WIRE Group have unveiled plans to develop a 130,000SF International Class A Office building in Gurgaon India (about 20 miles southwest of New Delhi CBD). The build-to-suit facility will be built on 1 acre adjacent to the Jaipur-Delhi Highway, one of the region's main north-south arteries. LEED Certified professionals will be involved in the design and development of the building. The amount of the transaction was not disclosed.

November 24, 2006

More houses and commercial space: Delhi Master Plan 2021 | INRnews

New Delhi, November 24, 2006 - The draft master plan of Delhi envisages urbanization of additional area, augmentation of housing stock and commercial space, private sector participation in land assembly and development. The Urban Development Minister Shri Jaipal Reddy in a written reply in Lok Sabha gave this information today. He said that the draft master plan envisions re-densification in certain areas including influence zone along MRTS corridors, redevelopment of both planned and unplanned urban areas, development of greens, conservation of natural and cultural heritage. Shri Reddy stated that the draft Delhi master plan also incorporates perspective plan in respect of power, water supply and sewerage.

November 23, 2006

Delhi needs 2.4 million houses up to year 2021 | INRnews

New Delhi, November 23, 2006 - As per the Draft Master Plan for Delhi 2021, the National Capital city requires an additional 2.4 million dwelling units for a projected population of 23 million up to year 2021.

November 19, 2006

Delhi set to benefit from Commonwealth Games | INRnews

New Delhi, November 19, 2006 : Delhi is becoming a hot destination for hotels - and the major infrastructural development in the city in preparation for the 2010 Commonwealth Games is the reason why.

November 18, 2006

Delhi commercial real estate prices soar | INRnews

New Delhi, November 18, 2006 : With no new office supply in the New Delhi CBD (Connaught Place) and surrounding locations, demand has clearly outstripped supply. The renewed eviction drive by the Municipal Corporation of Delhi, against unauthorized usage and development, has put further pressure on the already soaring values. The CBD vacancy rate is presently under 2%, which is further constrained by lack of Grade A office space and has resulted in an annual rental escalation of approximately 95% in the CBD and capital value appreciation of close to 140% according to real estate services firm Cushman & Wakefield.

November 17, 2006

Boom times for Faridabad real estate | INRnews

New Delhi, November 17, 2006 : Faridabad real estate has seen a sharp increase with a 70% increase in land prices in the last year and a half. The industrial town, home to many small-scale industries, is benefiting from the boom in the Delhi & NCR region, and with sky-high prices elsewhere, developers are now eyeing Faridabad as it is still lower priced than other areas.

Delhi & NCR residential real estate prices steady, rentals firm up in prime areas | INRnews

New Delhi, November 17, 2006 : Delhi & NCR real estate prices are likely to remain flat in the short tem. However, the high demand and limited supply of good quality accommodation in prime localities of South Delhi is likely to increase rental values by approximately 5-7% over the next quarter. Considering the projected supply of apartments in Gurgaon, the rental values in this micro-market are expected to remain stagnant.

November 16, 2006

New five-star hotel in Gurgaon planned by Taj Hotels | INRnews

New Delhi, November 16, 2006 : The Taj Group of Hotels is planning a 200-room hotel on 7 acres of land in Gurgaon. The total investment for the project is expected to be above Rs.150 crores.

November 15, 2006

India's retail revolution begins | INRnews

Hyderabad, November 15, 2006 - If India's much anticipated retail revolution has a start date, it could well be the first week of November 2006. On November 3, in a classic RIL move marked by scale and ambition, Reliance Retail launched 11 Reliance Fresh retail outlets simultaneously in the southern Indian city of Hyderabad, firing the first salvo in what will be a keenly contested battle to win a huge prize - nothing less than the wallets of Indian consumers!

November 14, 2006

Quantum fund buys stake in real estate developer Ansal API | INRnews

New Delhi, November 14, 2006 - The Quantum Fund promoted by George Soros has purchased 1% of real estate developer Ansal API for Rs 25 crore. The purchase has been made from the secondary markets. Ansal API has very recently raised Rs 175.8 crore through a 5% private placement with Citigroup. The HDFC Realty Fund has also invested Rs 50 crore in Ansal API.

Property exposition to be organised in India and abroad | INRnews

New Delhi, November 08, 2006 - Jaaydaad.com, an Indian real-estate site, today announced that the 1st Jaaydaad Expo-cum-Sale World Tour 2006-07 will commence from December 15, 2006 at Hall No. 14, Pragati Maidan, New Delhi.

November 13, 2006

Omaxe announces the launch of Omaxe Heights, Sector 86 Faridabad | INRnews Project Feature

Faridabad, November 13, 2006 - Leading real estate developer Omaxe Limited has launched Omaxe Heights, Sector 86 Faridabad.

November 08, 2006

Gillette India to sell properties in Gurgaon and Okhla | INRnews

New Delhi, November 08, 2006 : Gillette India is to sell two properties - a 1,200 square yards industrial plot in Okhla and and a business park in Gurgaon. The floor price set is Rs.180 crore for the Okhla property and Rs.250 crore for the Gurgaon business park.

November 07, 2006

Amtex Systems Opens Global Development Center in Delhi | INRnews

New Delhi, November 07, 2006 - US based Amtex Systems Inc, among the top 4 privately held IT Consulting & Services company in New York, today announced the opening of its state-of-the art Global Development Center in the capital city. The facility will be a key component in augmenting Amtex’s global business model of end-to-end IT consulting & services offering, currently handled from six countries in US, Europe & India.

October 26, 2006

HB Estate wins bid for hotel land in Gurgaon | INRnews

Gurgaon, October 26, 2006 - HB Estate Developers Ltd has announced that the Company has successfully bid in the Auction held on October 26, 2006 for Hotel Plot (Area admeasuring 8750 Square Meters) held by HUDA (Haryana Urban Development Authority) for a sum of Rs 138 crores. The Plot is located at Sector 44, Gurgaon (Haryana).

October 24, 2006

Global Infocomm to open 600 property shops countrywide | INRnews

New Delhi, October 24, 2006 : Delhi-based Global Infocomm plans to open 600 property shops countrywide with an investment of Rs. 120 crore. People could buy, sell or rent properties at any of these showrooms that would be connected to a central database of properties. Of the 600 real estate showrooms, 70 are to be set up in Uttar Pradesh, 16 in Delhi & NCR, Lucknow and Kanpur.

October 19, 2006

Presidential apartments - the new symbol of prestige in India | INRnews

Bangalore, October 19, 2006 :  A new phrase - "Presidential Apartment" - is fast entering the lexicon of real estate developers and the newly rich in India. Presidential Apartments are super-premium apartments in exclusive neighbourhoods, with oodles of space, the most luxurious of interiors, named architects, private lifts, landscaped gardens, and every facility that could be required such as a gym, swimming pool, security and CCTV, children's play areas.

Nitesh Estates Buckingham Gate Luxury Apartments Bangalore

 

October 18, 2006

Trinity Capital PLC to invest in £215 million IT Park, Greater Noida

New Delhi, October 18, 2006: Trinity Capital PLC has announced the acquisition of a stake in an Information Technology Park project in Greater Noida. Trinity has committed £28.3 million to the project. The initial tranche comprises £10.3 million and a second tranche of £10.1 million will be due in November 2006.  A further £7.37 million of equity will be invested into the development of the project.  The total cost of the development is expected to be £215 million which will be financed through a mix of debt and pre-construction sales.

Delhi to Gurgaon metro land acquisition to begin

October 18, 2006 : The Haryana Urban Development Authority (HUDA) is to put efforts to accelerate land acquisition for the Delhi-Gurgaon Metro stretch. The land acquisition will start under the emergency clause according to HUDA administrator SP Gupta.

October 10, 2006

Delhi New Master Plan to allow housing on 27,000 hectares of land

New Delhi, October 10, 2006:  The Master Plan for Delhi, to be announced by December 2006 will have provisions to permit putting up of dwelling units on 27,000 hectare agricultural land that Delhi has in its possession and also provide for easier and relaxed floor area ratio norms for city’s vertical development with necessary no objection certificate from water and power authorities.

These observations were made by the State Minister for Urban Development Mr Ajay Maken while releasing a report "ASSOCHAM Study on Housing For All".

October 03, 2006

New Delhi residential real estate prices on the upswing in Q2

New Delhi, October 3, 2006: According to real estate services firm Colliers International, property prices have been on the upswing in Delhi in the second quarter. According to Colliers, capital values increased by 45% quarter on quarter and rental values were up by almost 30% for the same period. Prime property in Lutyens' Delhi saw a sharp increase driven by scarcity of supply. Rentals in Prithviraj Road were up by 100% over the last quarter.

October 02, 2006

Amarpali group launches mall at IMT Manesar

New Delhi, October 2, 2006: Amarpali Group, a well-known name in the real estate business, launched its Shopping Mall Cum Corporate Hub at IMT Manesar. Positioned on the Manesar entry road on NH8, the 6804 sqm ultra-modern mall is a strategically located commercial complex amongst all HSIDC approved projects. Two SEZs by DLF & Reliance are also proposed near the site location.

September 25, 2006

Delhi Development Authority's hotel plot auction a damp squib

New Delhi, September 25, 2006: Of 10 hotel plots that the Delhi Development Authority (DDA) put on auction on Sep 25, only one was sold. The Mangalam Place, Rohini plot of 7,127 square metres sold for Rs. 48.05 crore, only marginally above the reserve price of Rs. 48 crore.