Mumbai, India, April 03, 2007 - The London Stock Exchange's Alternative Investment Market (AIM) has now started attracting the real estate companies of tier-II cities also. Indore-based Entertainment World Development Private Ltd (EWDPL) is all set to raise US $150 million through the initial public offering (IPO) on the AIM.
Bhopal, October 18, 2006 : Real estate giant DLF plans to invest $1.7 billion over the next five years in the central Indian state of Madhya Pradesh on real estate and infrastructure projects. Planned projects include housing, SEZs, IT Parks, hotels and convention centres in Bhopal, Gwalior, Indore and Jabalpur.
The Kalani Group is to set up a shopping mall & multiplex on 3.5 lakh sq.ft. of land in Vadodara as part of it's overall retail development plans. The retail development is coming up near the Sayaji Rao University at a cost of Rs. 58 crore.
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.