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January 21, 2008

Union Cabinet approves construction of new airport in Kannur, Kerala | INRnews

New Delhi, India, January 21, 2008 - The Union Cabinet has given its approval for setting up of a Greenfield International Airport through the Public Private Partnership (PPP) at Kannur, Kerala.

November 24, 2007

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

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

November 15, 2007

Study shows second homes and vacation homes gaining traction in India | INRnews

Bangalore, India, November 15, 2007 - A study conducted by Kapston.com an E-business consulting firm in India with second home companies HolidayHangouts.com, S & S properties, Wayanad Weekend Homes and Principal Gain along with real estate agents and buyers, shows second home and holiday homes market gaining significant traction in India.

November 06, 2007

Foreign airlines to fly to Calicut from Q1 2008 | INRnews

Calicut, India, November 06, 2007 - There has been a hundred percent increase in international flights to and from the state of Kerala including Calicut in the last three years. During the recent visit of the Minister for Civil Aviation Shri Praful Patel to Calicut, the Minister had announced that operation of foreign airlines to and from Calicut would be started from the first quarter of 2008. In the interest of more reliable connectivity to the state of Kerala, Air India will soon provide stand by aircraft for its Kerala operation.

September 18, 2007

Sudhir Gopi Developers launches apartments in Guruvayur, Kerala | INRnews

Kochi, India, September 18, 2007 -  Sudhir Gopi Developers Private Ltd (SGDPL) has launched its debut project ‘Vaikundam Retreat’, a 11-storied fully air-conditioned apartment complex at the temple town of Guruvayur in Kerala.

September 13, 2007

HDIL to set up Kochi IT Park | INRnews

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

September 11, 2007

Rs 500 crore residential project planned in Kochi | INRnews

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

August 25, 2007

S S Lootah Group zeroes in on India for infrastructure projects | INRnews

Dubai, UAE, August 25, 2007 - The UAE-based multi-billion dollar business conglomerate, S. S. Lootah Group, which has varied investment interests across a broad spectrum of industries in the UAE, Asia, Africa and Europe, has zeroed in on Infrastructure, Oil and Gas, Energy, Information Technology and Health sectors in India and has identified potential partners after a four day visit to India.

August 20, 2007

Sobha Developers to build Kochi township in massive Kerala real estate deal | INRnews

Kochi, India, August 20, 2007 - Sobha Developers Ltd has announced that the Company will be signing a Memorandum of Understanding (MOU) with the Government of Kerala on August 20, 2007 at Thiruvananthapuram for setting up the largest township development in Maradu, Kochi - SOBHA HITECH CITY. Maradu is a high potential part of Kochi City with a number of  developments including five star hotels, shopping malls and IT parks coming up here.

August 15, 2007

Kerala to set up IT Parks in all districts - CM | INRnews

Thiruvananthapuram, India, August 15, 2007 - The Kerala Chief Minister V.S. Achuthanandan has said that the Government plans to set up IT parks in all the districts of the State with a view to making a quantum leap in the IT sector.

June 20, 2007

SEZ status cleared for $350 million Kochi Smart City | INRnews

Kochi, Kerala, June 20, 2007 - The Centre has granted SEZ clearance for the $350 million Kochi Smart City promoted by the Kerala Government and Dubai based TECOM Investment. The project aims to develop 88 lakh sq.ft of built-up space and supporting infrastructure for IT and ITES firms and can generate 90,000 jobs over the next 10 years. The Kerala Government will have an initial stake of 16% that will increase to 26% after 5 years.

June 19, 2007

Plaza Centers acquires land in Thiruvananthapuram for commercial development | INRnews

London, UK, June 19, 2007 - Plaza Centers N.V., a leading emerging markets property developer, today announces that, in a 50%:50% joint venture with a leading Indian property developer, it has acquired a plot of land with an area of approximately 10.78 acres (approximately 43,600 sq m), situated in Trivandrum, the capital city of the State of Kerala, India. 

June 10, 2007

Exclusive Ventures Opens Advisory Service in Kerala, initial Focus to be on Cochin | INRnews

Hyderabad, India, June 10, 2007 - (Company Press Release) - After having established itself as premier property recommendation service in Hyderabad , Exclusive Ventures has opened its operation in Kerala. A new website (www.exclventures-kerala.com) was launched on 1st June with focus on the city of Cochin.

May 17, 2007

AAI to construct cargo complex at Trivandrum airport | INRnews

New Delhi, India, May 17, 2007 - The Airports Authority of India (AAI) plans to construct a cargo terminal facility adjacent to the Terminal Building at the Trivandrum Airport. This information was given by Shri Praful Patel, Minister for Civil Aviation in the Parliament today.

May 11, 2007

Sobha Developers to launch integrated township in Kerala | INRnews

Bangalore, India, May 11, 2007 - Sobha Developers Ltd has announced that the Company will be launching its first integrated township "Sobha City" in Thrissur, Kerala on May 13, 2007. This will be developed in 71 acres of land with a developable area of over 3.50 million SFT. This integrated town ship will have Super Luxury Apartments, Villas, Shopping Mall, Office Complexes, Hotel, Multiplex, and Convention Centre with Multi Speciality Hospital, located on the Thrissur - Guruvayoor highway. This project is expected to be completed over a period of five years.

April 12, 2007

Cabinet approves 4 lane highway to Cochin container terminal | INRnews

New Delhi, India, April 12, 2007 - The Cabinet Committee on Economic Affairs today gave its approval for undertaking the Project for Rs.557.0 crore for providing 4 lane NH Connectivity to the proposed International Container Transshipment Terminal (ICTT) at Vallarpadam, Cochin, Kerala using cess funds.

March 30, 2007

Mir Realtors plans township project in Thiruvananthapuram | INRnews Project Feature

Thiruvananthapuram, India, March 30, 2007 - Kerala-based Mir Realtors has launched a township project "The Greens" on 11 acres of land at Peroorkada in Thiruvananthapuram. The project will comprise 360 residential units including villas and flats. Total project cost is Rs.150 crore. The first phase of the project will be completed in 2009 and the second phase in 2011.

March 01, 2007

Kuwait company to invest $136 million to set up three hotels in Kerala | INRnews

Kochi, India, March 01, 2007 - The Kuwait based KGA Group of companies is to invest $136 million to set up three hotels in the Southern Indian state of Kerala.

February 23, 2007

TRIDA flats on sale in Thiruvananthapuram | INRnews

Thiruvananthapuram, India, February 23, 2007 - The Thiruvananthapuram Development Authority (Trida) has put up for sale 52 modern flats in Sanjeevani Apartments at the Medical College junction near the Trida Centre Shopping Complex. The flats will be sold on a "first come, first serve" basis.

February 22, 2007

India's largest IT park opened in Kerala | INRnews

Thiruvananthapuram, India, February 22, 2007 - Kerala Chief Minister V S Achuthanandan has opened the Tejaswini building, the newest addition to six other buildings in the IT Park here. With the inauguration of this 8.5 lakh sq.ft facility, the IT Park now offers over 32 lakh sq.ft of commercial space making it amongst the largest in the country.

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.

December 28, 2006

Kochi airport to get $790 million expansion | INRnews

Kochi, December 28, 2006 - The Cochin International Airport, the first airport in the country built under public-private partnership, will be expanded with an investment of Rs.35 billion ($790 million).

December 23, 2006

Indian real estate news snippets

Chennai, December 23, 2006 - INRnews features real estate and property news snippets from around the country. Read further for news snippets from Chennai, Hyderabad, Kochi, Mohali, Patiala and Pune.

December 22, 2006

Condor Group launches luxury apartment project in Thiruvananthapuram | INRnews

December 22, 2006 - Dubai-based Condor group has launched `Condor Daffodils', a luxury apartment project in Thiruvananthapuram, Kerala. This is the second such project for the group in Kerala. Work on the first project, Marigold, is underway and will be completed in 2007.

December 04, 2006

Kerala Govt to acquire 500 acres of land for IT township | INRnews

Thiruvananthapuram, December 04, 2006 - The Kerala Cabinet has decided to acquire 500 acres of land in Kazhakuttom constituency for development of the proposed Technocity.

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 02, 2006

HPCL to develop real estate projects on owned land | INRnews

New Delhi, November 02, 2006 : Indian oil major Hindustan Petroleum Corporation (HPCL) plans to unlock the value of its large land holdings by developing commercial and residential real estate projects in partnership with other developers. As a start, HPCL is to develop malls, hotels and premium residential apartments on land owned in Jaipur and Kochi.

November 01, 2006

Prime Minister lays foundation stone for new airport teminal in Thiruvananthapuram | INRnews

Thiruvananthapuram, November 1, 2006 : Indian Prime Minister, Dr. Manmohan Singh, has laid the foundation stone for the new Airport Terminal at Thiruvananthapuram in Kerala today. The Government has decided to improve Kerala's airport infrastructure keeping in mind the large-scale migration of people from Kerala as well the enormous tourism potential potential in the state. In addition, Dr. Singh also indicated that The Azhikkal Port has been included in the National Maritime Development programme and that the government would provide all possible assistance for the development of Vizhinjam harbour.

September 25, 2006

Gems and jewellery SEZ to come up in Kerala

Kochi, September 25, 2006: The Kerala Industrial Infrastructure Development Corporation (KINFRA) is to develop a gems and jewellery SEZ on 25 acres of land at the KINFRA Hitech Park in Kalamassery. KINFRA plans to provide land and infrastructure such as power, communication and water supply while a private sector developer would build the facilities. Aerens Goldsouk and Gitanjali Gems are amongst those reported to be interested in participation in the project.

September 24, 2006

Pen Group makes foray into real estate in Kerala

Kochi, September 24, 2006: Kerala based Pen Group plans to diversify into real estate. The publishing group with a turnover of Rs.35 crore expects the real estate venture to increase its revenue by three times within one year.

September 15, 2006

Kerala - Luxury apartment project to rise near Kochi

Pune-based SRK Group will launch a Rs.200 crore luxury and eco-friendly high-rise project at Kakkanad near Kochi. The developer hopes to tap into the growing demand for housing coming from IT-based businesses in Kerala. Since Kochi is increasingly seen as the capital of the IT industry in Kerala, the decision doesn't come as a surprise.

September 13, 2006

Banyan Tree Expands Its Resorts and Spas In India