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January 22, 2008

Pantaloon Retail Announces Launch of Big Bazaar in Barrdhaman City | INRnews

Kolkata, India, January 22, 2008:  Pantaloon Retail (India) Limited, a part of the Future Group, announced on January 19th the launch of its flagship hypermarket retail store – Big Bazaar – in Barrdhaman city. With this launch the company has further enhanced its reach to the masses in Eastern India having 14 Big Bazaar stores, while for the country; the count goes upto 80 stores.

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Big Bazaar Opens at Lee Road in Kolkata | INRnews

Kolkata, India, January 22, 2008 -  Pantaloon Retail (India) Limited, a part of the Future Group, further enhanced its reach to the masses in Kolkatta with the launch it’s one more flagship hypermarket retail store - Big Bazaar here at Lee Road on January 19.

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January 01, 2008

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.

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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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December 04, 2007

TI Cycles launches ‘BSA GO’ store in Kolkata | INRnews

Kolkata, India, December 04, 2007 - TI Cycles of India, part of the Rs.8,500 crore Murugappa Group, announced the launch of their ‘BSA GO’ store, a unique bicycle, fitness equipment and infant products store in Kolkata. The 1080 sq.ft, ‘BSA GO’ store is located at, 83, S.P.Mukherjee Road, Kolkata 700026. This speciality store offers a complete range of Hercules & BSA, brands of bicycle, fitness equipment and infant products.

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November 29, 2007

Three new Westin hotel properties for Hyderabad, Pune and Kolkata | INRnews

Singapore, November 29, 2007 - Starwood Hotels & Resorts Worldwide, Inc (NYSE: HOT) continues its aggressive expansion in Asia Pacific, announcing agreements to manage three new Westin hotels in three of the fastest growing markets in India. In Hyderabad, the biotechnology hub of India, Westin will open The Westin Hyderabad, Mindspace. The second new addition - The Westin Pune, Koregaon Park - will be in Pune, an emerging destination for banking and financial services. The third hotel - The Westin Kolkata, Rajarhat - will be in Kolkata, the commercial and trading hub of India. The Westin hotels in Hyderabad and Pune are scheduled to open in 2009, while The Westin Kolkata, Rajarhat will open in 2010.

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November 22, 2007

Kolkata office and retail real estate on growth path | INRnews

Kolkata, India, November 22, 2007 - Kolkata has all the ingredients for high growth in its real estate market, according to real estate services firm Jones Lang LaSalle Meghraj (JLLM). One of the oldest urban agglomerations in the country, Kolkata lost its position as the erstwhile commercial capital of India to Mumbai due to the socialist manifesto adopted by the West Bengal government post-independence. Now JLLM believes the state is witnessing a resurgence driven by government policy and support for the service industry and infrastructure development that is once again attracting industry and capital to the city.

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November 20, 2007

Kolkata based real estate developer Merlin Group to invest Rs 2,000 crore in the state | INRnews

Kolkata, India, November 20, 2007 - Kolkata-based real estate developer  Merlin Group is to invest around Rs 2,000 crore by 2010 to create industrial infrastructure, commercial and residential real estate projects in West Bengal.

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November 14, 2007

Improvement of container traffic at Kolkata and Haldia Ports | INRnews

Kolkata, India, November 14, 2007 - The high powered committee constituted by the Shipping Ministry to look into the problems associated with the container traffic at Kolkata and Haldia has submitted its report to the Minister for Shipping, Road Transportation and Highways, Thiru T. R. Baalu, here today. The committee has suggested both short term and long term recommendations to cope with the likely growth in container traffic at both these ports. The Report was presented by the Chairman of the Committee Capt. P V K Mohan to Thiru Baalu.

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November 13, 2007

Latest developments and policy initiatives in Civil Aviation in India | INRnews

New Delhi, India, November 13, 2007 - This article summarises the latest developments and policy initiatives in Civil Aviation in India including policies and plans on new airports.

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November 05, 2007

Eredene Capital PLC in JV to develop a 72-acre logistics park in Haldia | INRnews

London, UK, November 05, 2007 - Eredene Capital PLC (AIM: ERE), the AIM quoted Indian property developer, today announces that its wholly owned subsidiary Aboyne Mauritius Limited (together “the Eredene Group”) has acquired a 50% stake in a joint venture company to develop a planned 72-acre integrated logistics park in Haldia, West Bengal, which is a growing trading port and commercial hub for the East Indian city of Kolkata (formerly Calcutta).

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September 28, 2007

Pantaloon launches first exclusive ‘Depot’ store launched in Kolkata | INRnews

Kolkata, India, September 28, 2007 - DePOT, the ‘books, music, gifts and stationery’ retail format of Pantaloon Retail (India) Limited (a part of Future Group), today launched it’s first exclusive stand alone store at E Mall, 2nd Floor, Chitranjan Avenue, Kolkata.

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September 26, 2007

DLF announces second IT Park in Rajarhat, Kolkata | INRnews

Kolkata, India, September 26, 2007 - DLF Ltd has announced its second IT Park in Kolkata. The Company is developing this state of the art, world-class facility on 25 acres of land offering 2.5 million sq.ft. of IT/ITES workspace.

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September 22, 2007

150 acres of mill land sold in Kolkata | INRnews

Kolkata, India, September 22, 2007 - In a move welcomed by the real estate industry, ailing public sector firm National Textile Corporation (NTC) has sold 150 acres of mill land in Kolkata for residential and commercial real estate redevelopment.

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Shriram Properties to develop $1.25 Billion township in Kolkata | INRnews

Kolkata, India, September 22, 2007 - Shriram Properties, a leading South India  based real estate developer, has announced that it has partnered with funds sponsored by Walton Street Capital and Starwood Capital Group to develop a Rs. 5,000 crore (USD 1.25 billion) integrated township in Kolkata, India.

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September 19, 2007

HCL Info to set up systems integration hub at Nonadanga, Kolkata | INRnews

Kolkata, India, September 19, 2007 - HCL Infosystems Ltd plans to set up a major systems integration hub on 1.5 acres of land in Nonadanga near Kolkata. The project will be implemented in the next 8-12 months.

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Starwood Capital to set up hotel in Kolkata | INRnews

Kolkata, India, September 19, 2007 - Starwood Capital, a real estate investment firm, is to tie-up with a local partner to set uo a five-star hotel in central Kolkata at a cost of Rs 250 crore.

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September 13, 2007

DLF to invest Rs 100,000 crore in Bengal real estate projects | INRnews

Kolkata, India, September 13, 2007 - Indian Real Estate major DLF Ltd plans to invest over Rs 100,000 crore in West Bengal over the next seven years. This was stated by Mr. AS Minocha of DLF Commercial Developers Ltd in a press interview.

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July 09, 2007

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.

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June 19, 2007

RDB Industries wins building contracts | INRnews

Mumbai, India, June 19, 2007 - RDB Industries Ltd has announced that the Company has bagged contracts / assignments by winning tenders for building residential complexes in Kolkata, Burdwan and Guwahati.

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June 05, 2007

Rolta India to set up IT Park in Kolkata | INRnews

Mumbai, India, June 5, 2007 - Rolta India Limited has announced the setting up of an Information Technology Park at Kolkata as part of its expansion plan. This IT park will have facilities for delivery of Information Technology based GeoSpatial services, Engineering Design services, Software Development and ERP implementation services worldwide. This facility will be set-up in phases with an investment of about Rs.2,500 million. Once completed this facility will provide an employment opportunity for about 5000 technical professionals and domain experts from talent available largely in West Bengal.

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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.

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May 07, 2007

ITC Sonar Bangla first hotel in the world to get carbon credits for energy conservation initiatives | INRnews

Kolkata, India, May 07, 2007 - ITC Sonar Bangla, Kolkata has become the first hotel in the world to obtain Certified Emission Reductions (CERs) issued under the aegis of the United Nations Framework on Climate Change Convention. These CERs, also known as Carbon Credits, are issued under the Clean Development Mechanism (CDM) of the Kyoto Protocol. The CERs have been issued after an exhaustive evaluation process. Carbon Dioxide emission reduction has been achieved through energy conservation initiatives such as waste heat recovery, improved pumping systems and better efficiencies in the air conditioning system.

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March 09, 2007

National Buildings Construction Corp explores real estate development | INRnews

New Delhi, India, March 09, 2007 - National Buildings Construction Corporation Limited, NBCC, based on past experience, is now exploring the possibilities of purchasing land from the State Governments /Central Government /Government Bodies in various cities for development of Real Estate projects. It also expects to sell these properties at cheaper rates than the private sector builders at the same locations. The Minister of State for Urban Development Shri Ajay Maken stated this in a written reply in Lok Sabha today. He also said that the permission to undertake the Real Estate projects is covered in the Memorandum and Articles of Association of the Company. Shri Maken stated that the NBCC has been involved in the development of Real Estate for more than a decade.

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March 02, 2007

Land acquisition underway for IT firms in Rajarhat, Kolkata | INRnews

Kolkata, India, March 02, 2007 - The West Bengal Industrial Development Corporation has started acquiring land in the Rajarhat area for IT companies like Infosys, TCS and Wipro.

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February 27, 2007

Hindustan Motors to develop IT Township and Auto Park in West Bengal | INRnews

Kolkata, February 27, 2007 - Auto maker Hindustan Motors Ltd has announced that the Company has finalised an arrangement with Bangalore-based Shriram Properties Ltd, for the development of 'An integrated IT Township and Auto Park' in 314 acres of Land specifically identified for this purpose and in accordance with the conditions laid down by the West Bengal Government in its approval order dated September 13, 2006.

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February 23, 2007

Cabinet approves Salim Group township and infrastructure venture | INRnews

New Delhi, India, February 23, 2007 - The Union Cabinet has approved Indonesia-based Salim Group's proposal for a $500 million investment in development projects in West Bengal. The company is looking at developing integrated infrastructure including townships, housing, SEZ, and industrial parks.

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February 20, 2007

Real estate major DLF to build Dankuni township in West Bengal | INRnews

Kolkata, India, February 20, 2007 - Real estate major DLF has entered into an agreement with the Kolkata Metropolitan Development Authority (KMDA) to build a new township in Dankuni, Hooghly district, West Bengal with an investment of Rs.33,000 crore. This would make the Dankuni township the largest public-private-partnership (PPP) project in the country.

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February 09, 2007

Kolkata Poised for High Cross-Sector Growth in Office, Retail, Hospitality and Residential | INRnews

Kolkata, India, February 09, 2007 - Kolkata’s real estate market is set for a high growth phase fuelled by the IT/ITES sector. This is according to the report, “Emerging City Winners Profiles: Kolkata”, released today by Jones Lang LaSalle, one of the world’s leading real estate services firm. An increasing corporate presence in the city is also triggering growth for Retail, Hospitality and Residential properties.

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January 17, 2007

Reliance secures retail space in Kolkata | INRnews

Kolkata, January 17, 2007 - Reliance Industries has secured 150,000 sq.ft for its hypermart in the 262-acre Batanagar township coming up as the Calcutta Riverside project just 20 minutes from the Taj Bengal in Kolkata.

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January 07, 2007

South City project to make Prince Anwar Shah road area hot real estate address| INRnews

Kolkata, January 07, 2007 - A consortium of five of Kolkata's leading real estate developers are undertaking the South City mini-township project with over 1,500 apartments in four 35-storey residential towers, one 15-storey residential tower, a million+ sq.ft shopping mall, a school and a club.