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April 02, 2008

Nagarjuna Construction - NCC Infra & Maytas Infra to develop Gulbarga and Shimoga airports | INRnews

Bangalore, India, April 02, 2008 - Nagarjuna Construction Company Ltd has announced that NCC Infrastructure Holdings Ltd and Maytas Infra Ltd, Hyderabad based construction and infrastructure development Companies on April 02, 2008 announced that they have signed a Project Development Agreement (PDA) with the Infrastructure Development Department (IDD), Government of Karnataka to develop and operate airports proposed at Gulbarga and Shimoga on a BOT basis.

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January 10, 2008

New Luxury Business Hotel VITS Launched in Belgaum | INRnews

New Delhi, India, January 10, 2008 - (press release) A 60-room VITS property, part of a new chain of luxury business hotels from Kamat Hotels (KAMT.BO, news) India Limited (KHIL), opened today in Belgaum. Located at Club Road, the new hotel offers contemporary luxury business accommodation for discerning business class travellers from across India.

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December 05, 2007

Future Group opens the first ‘Staples’ store in India | INRnews

Bangalore, December 05, 2007:  Future Group, the licensee of ‘Staples’ for India, today announced the launch of its first ‘Staples’ store in India, retailing over 700 products and carrying the entire gamut of technology and stationery assortment with the aim to make it easy for customers to run their offices. The new store has an area of about 15,000 sq.ft., spread  across two levels and is situated at Marathalli, Bangalore.

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November 20, 2007

Nagarjuna Construction consortium to develop Gulbarga and Shimoga airports in Karnataka | INRnews

Bangalore, November 20, 2007 - Nagarjuna Construction Company Ltd has announced that Infrastructure Development Department, Government of Karnataka, has selected a consortium of Maytas Infra Ltd (Maytas), NCC Infrastructure Holdings Ltd., (A 100% subsidiary of the Company) and VIE India Project Development and Holding LLC (VIE) to develop and operate airport proposed at Gulbarga and Shimoga on BOT basis.

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November 09, 2007

Bangalore office rentals move up in the third quarter | INRnews

Bangalore, India, November 09, 2007 - Rental values for office space in Bangalore moved up in the third quarter of 2007 according to real estate services firm Colliers International.

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November 01, 2007

CII welcomes TN's proposal for Chennai-Bangalore industrial corridor | INRnews

Chennai, India, November 01, 2007 - Confederation of Indian Industry (CII), Tamil Nadu State Council has welcomed today Tamil Nadu Chief Minister,  Dr Kalaignar M Karunanidhi’s proposal to the Prime Minister to announce the development of the Chennai-Bangalore industrial corridor as an Industrial Corridor of Excellence on the lines of the Delhi-Mumbai industrial corridor.

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October 26, 2007

Minister approves road repair works in Karnataka | INRnews

New Delhi, India, October 26, 2007 - The Union Minister of Shipping, Road Transport and Highways, Thiru T.R. Baalu has approved a sum of Rs.1254.61 lakh for road improvement work in the state of Karnataka.

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October 19, 2007

BOA of SEZ grants 10 formal and 3 in-principle approvals | INRnews

New Delhi, India, October 19, 2007 - The Board of Approval of the Special Economic Zones (SEZs) has recommended grant of 10 formal and 3 in-principle approvals here today.   The Chairman of the Board, while informing the members stated that including the latest SEZ approvals a total of 395 SEZs formal approvals have been granted. He further informed that out of these, 156 SEZs have been notified and investment of Rs.50,906 crore has taken place  in these notified SEZs providing direct employment to over 72168 persons.

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September 13, 2007

Regularization of unauthorized developments & constructions in Karnataka | INRnews

Bangalore, September 13, 2007 - Owners of unauthorised developments and constructions in Karnataka will have an opportunity to regularise the same under a new scheme under Karnataka Town and Country Planning Rules 2007 that authorises all the local bodies in the state to regularise unauthorised properties. Applications for the same can be made starting this week.

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July 20, 2007

Skyline Constructions and Housing Pvt. Ltd. to invest Rs. 200 Crore in Mangalore | INRnews

Mangalore, India, July 20, 2007 - Skyline Constructions and Housing Pvt. Ltd., one of the top builders in Karnataka and creators of luxury homes launched their ‘Blueberry Hills’ project in Mangalore today. Mr. Avinash Prabhu, MD of Skyline Constructions and Housing Pvt. Ltd announced that Skyline would invest over Rs. 200 crore in Mangalore across residential and commercial verticals.

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July 16, 2007

LANCO bags two toll road projects in Karnataka | INRnews

Bangalore, India, July 16, 2007 - LANCO Kondapalli Power Pvt Ltd, a subsidiary of LANCO Infratech Ltd, has bagged the contract for construction and operation of two road projects in Karnataka on Build, Operate and Transfer (BOT) basis under the National Highways Development Project (NHDP) Phase III.

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March 28, 2007

Karnataka government to auction 300 acres of land in Bangalore | INRnews

Bangalore, India, March 28, 2007 - The Karnataka government plans to auction more than 300 acres of government land in Bangalore - North, North-Additional, South, East and Anekal Taluks on April 4 and 11, 2007.

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March 13, 2007

New Bangalore Airport to open on April 2 | INRnews

Bangalore, India, March 13, 2007 - The opening date of the new International Airport at Bangalore, as fixed by M/s. Bangalore International Ltd., (BIAL), is April 2, 2008. This information was given by Shri Praful Patel, Minister for Civil Aviation in the Parliament today.

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March 09, 2007

Union Minister approves road improvement works in Tamil Nadu and Karnataka | INRnews

New Delhi, India, March 09, 2007 - The Union Minister of Shipping, Road Transport and Highways, Thiru T.R. Baalu has approved road improvement works in Tamil Nadu and Karnataka.

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February 19, 2007

Parliamentary committee discusses airport infrastructure in South India | INRnews

New Delhi, India, February 19, 2007 - The meeting of the Parliamentary Consultative Committee attached to the Ministry of Civil Aviation met at Cochin in Kerala today. It was chaired by Minister for Civil Aviation, Shri Praful Patel. The meeting focused on discussions on airport infrastructure and air connectivity in Southern India.

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February 08, 2007

1,000 acre Aerospace SEZ to come up in Karnataka | INRnews

Bangalore, India, February 8, 2007 - Karnataka Chief Minister, Mr H.D. Kumaraswamy, has announced that the Karnataka Government is looking to set up a 1,000 acre Aerospace SEZ in the State.

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February 06, 2007

Major real estate developers bid for 106 acre Bangalore biotech park project | INRnews

Bangalore, India, February 6, 2007 - The Karnataka government has succeeded in attracting interest from many large real estate developers for the 106 acre, Rs.350 crore biotech park project in Bangalore. The proposed "Helix" park located in Electronics City Phase 3 on the Hosur Road aims to attract biotech companies, including startups, by providing infrastructure such as office space and educational and research facilities within the vicinity.

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November 10, 2006

Leverage India Fund invests Rs 17.50 crore in Digital Shoppy | INRnews

Hyderabad, November 10, 2006 :  Digital Shoppy, a retail chain of stores for consumer electronics and home appliances in Andhra Pradesh and Karnataka, today announced that the Company has concluded a private equity placement of Rs. 17.50 crores with Leverage India Fund managed by IL&FS Investment Managers Limited (IIML), one of India's largest private equity firms.

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October 17, 2006

Toyota Kirloskar may set up second plant in Karnataka

Mumbai, October 17, 2006 : Toyota Kirloskar Motors may set up its second plant in India near its existing facility in Bidadi, Karnataka, according to the company's deputy managing director KK Swamy. The planned capacity is 1.5 lakh cars per annum.

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September 21, 2006

Cabinet approves transfer of land to railways for construction of Salem-Yeshwantpur bye-pass

New Delhi, September 21, 2006 :   The Union Cabinet today approved the transfer of Air Force land to the Railways for construction of the Salem-Yeshwantpur bye-pass. The project will lead to faster clearance of train services on the line.

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September 13, 2006

Banyan Tree Expands Its Resorts and Spas In India

Singapore, September 13, 2006 : Singapore Main-Board listed Banyan Tree Holdings Limited (“Banyan Tree” or the “Group”), a leading manager and developer of premium resorts, hotels and spas in the Asia Pacific region, recently announced that it has secured new agreements to manage two Banyan Tree Resorts and one Angsana Resort in India, and manage three new spas in Ireland, China and India respectively.

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September 04, 2006

Notified SEZs at Siruseri near Chennai and at Indore in Madhya Pradesh

Hexaware's 11-hectare information technology Special Economic Zone (SEZ) at Siruseri near Chennai, has been notified. Another SEZ for Medicaps covering an area of 12.25 hectares at Indore in Madhya Pradesh has also been notified. This takes the number of notified SEZs to a total of 22. It may be recalled here, that the Board of Approval has given its stamp of clearance to 150 applications, already.

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September 01, 2006

Belgaum, Karnataka to have SEZ

The Karnataka Industrial Area Development Board has been asked to sanction 250 acres of land near Belgaum city for a proposed Special Economic Zone (SEZ). It is hoped that an SEZ in the area will galvanize industrial progress and create job opportunities.

According to reports the state government is committed to implementing the proposed Kalsa-Bandur nala diversion schemes on which work would start before October 2, this year.

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August 24, 2006

Karnataka may get a second Toyota car plant

Toyota considers India as a priority market. It also plans to roll out a small car for the Indian market although the time frame is uncertain. However, the car giant is now close to finalising a deal to set up its second car plant in Karnataka. The state ranks high in preference because housing a second plant will reduce costs considerably for Toyota. 

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August 22, 2006

ONGC plans massive investment in Mangalore SEZ

Natural resources giant ONGC is planning a massive investment of Rs. 10,000 crore in the recently approved Mangalore multi-product SEZ that is to come up in 1,320 hectares of land. ONGC is the main promoter of this SEZ.

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August 06, 2006

Karnataka Government inviting private companies to set up SEZs in Bangalore, Hubli

The government has approached companies such as Infosys, Mahindra and Mahindra to run Special Economic Zones (SEZs) in Bangalore, Hubli and Dharwad, according to Minister for Large and Medium Industries K S Naidu. Real Estate groups like Adarsha and Prestige are also on the guest list.

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August 03, 2006

Mangalore the next IT hub in Karnataka

A 2 million sq.ft SEZ will be created at Ganjimath in Mangalore by Nitesh Estates. The SEZ will house IT companies and plans to provide employment to over 10,000 people. Mangalore is seen as an emerging IT/ITES and BPO destination with major international investors and multinationals eyeing the city as a potential regional business hub.

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August 02, 2006

New ring roads for Bangalore

The Bangalore Metropolitan Region Development Authority (BMRDA) plans to develop a Satellite Town Ring Road, an Intermediate Ring Road and Radial Roads connecting the two, comprising over 734 km of roads in the city.

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Infosys to expand Mysore campus at a cost of Rs. 800 crore

IT major Infosys Technologies plans to expand its Global Education Centre in Mysore at a cost of Rs. 800 crore. The plans include expansion of training facilities from 4,500 to 13,500 people in a single sitting, and building of 7,750 additional hostel rooms.  With this expansion, total investment on the campus would touch Rs. 1,500 crore.

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July 28, 2006

New housing project in Mysore

Mumbai-based Shalom Voyagers has proposed a 1,450 apartment project at a cost of Rs. 235 crore in Mysore. The project is planned in the 28 acre Ideal Jawa site that the company had bought in an auction for Rs. 28 crores.

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