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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.

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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.

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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.

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March 25, 2008

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

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

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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.

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January 22, 2008

Audi opens largest luxury car showroom in India in Gurgaon | INRnews

Gurgaon, India, January 22, 2008 - Audi, the German luxury car manufacturer, has announced the opening of its newest showroom in Gurgaon.

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Haryana Chief Minister sees 2-3 more Gurgaons on the anvil | INRnews

Gurgaon, India, January 22, 2008 - It is indeed going to be Destination Haryana all the way during the coming years. In the next decade, Haryana envisages a target investment of US $ 50 billion which will generate employment opportunities for over 1 million people, stated Mr Bhupinder Singh Hooda, Hon'ble Chief Minister of Haryana while addressing the delegates at the National Council Meeting of the Confederation of Indian industry in Gurgaon last week.

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January 21, 2008

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.

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Gurgaon gets second Reliance Retail minimart | INRnews

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

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January 02, 2008

Parsvnath Developers receives LoI for IT Park in Gurgaon | INRnews

Gurgaon, India, January 02, 2008 - Parsvnath Developers Ltd has announced that the Company has received LoI from Director Town and country planning, Haryana to develop an IT Park project on Main Gurgaon Sohna Road just 3 kms away from Rajiv Chowk in Gurgaon. The approximate realization from the project is expected to be Rs 650 crore within 2 financial years.

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December 20, 2007

Unitech Corporate Parks Plc announces strong interim results | INRnews

London, UK, December 20, 2007 - Unitech Corporate Parks Plc (AIM: UCP), one of the leading investment companies focusing on commercial real estate in India, announces interim results for the six months ended 30 September 2007.

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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.

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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.

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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 .

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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.

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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.

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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).

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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.

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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.

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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.

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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.

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August 17, 2007

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.

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August 15, 2007

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.

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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.

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August 04, 2007

Government to build IT townships | INRnews

New Delhi, India, August 04, 2007 - The latest player to enter India's booming real estate sector is its government. Plans are on to develop 6-7 new IT townships called Knowledge Townships. These are to be located close to major cities and international airports with private sector participation.

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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.

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July 19, 2007

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.

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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.

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July 16, 2007

House of Pearl to launch commercial project in Gurgaon

Gurgaon, India, July 16, 2007 - House of Pearl Fashions Limited, has announced that it would be utilizing a large pocket of land owned by its subsidiary, Pearl Global Limited, for commercial development. In this context, it has decided to develop its strategically located plot on National Highway-8 in Narsinghpur, Gurgaon (Haryana) for commercial space.

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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.

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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.

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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).

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June 05, 2007

26 Formal and 9 in-principle SEZ approvals granted | INRnews

New Delhi, India, June 05, 2007 - The Board of Approval for 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 notified SEZs.

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May 18, 2007

India needs another 125,000 hotel rooms by 2010 to meet surging demand | INRnews

Mumbai, India, May 18, 2007 - Recently, the Haryana Urban Development Authority (HUDA), Haryana state government body responsible for the overall development of the town sold a five-acre plot for a five-star luxury hotel in Information Technology-Business Process Outsourcing hub Gurgaon that adjoins Delhi, national capital of India for more than $50 million (Rs.250 crore), bringing to focus India’s fast growing hospitality sector. According to advisory firm IndusView, it is estimated that global hospitality companies will invest more than $1 billion (Rs.4100 crore) in new projects and expansion in the next two years due to a huge rise in business and leisure travel.Mumbai, India, May 18, 2007 - Recently, the Haryana Urban Development Authority (HUDA), Haryana state government body responsible for the overall development of the town sold a five-acre plot for a five-star luxury hotel in Information Technology-Business Process Outsourcing hub Gurgaon that adjoins Delhi, national capital of India for more than $50 million (Rs.250 crore), bringing to focus India’s fast growing hospitality sector. According to advisory firm IndusView, it is estimated that global hospitality companies will invest more than $1 billion (Rs.4100 crore) in new projects and expansion in the next two years due to a huge rise in business and leisure travel.

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March 02, 2007

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.

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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.

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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.

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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.

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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.

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