Main || Mumbai

April 01, 2008

Vodafone launches 34th Vodafone store in Mumbai | INRnews

Mumbai, India, April 01, 2008 - Vodafone Essar, one of India’s leading cellular service providers has announced the launch of its 34th Vodafone Store in Mumbai. The new store aims to deliver a complete Vodafone experience to customers and is located on the 1st Floor, Rehman Mansion, Dr. B.A.Road, Hindmata, Dadar East. The new Vodafone Store is open all days of the week from 10.00 am – 7.00 pm. This takes the strength of Vodafone Stores in Mumbai to 34 and that of self-service kiosks to 63.

| Comments (0)

March 31, 2008

Progress on leasing and sales shows robust demand for Ishaan's real estate portfolio | INRnews

Mumbai, India, March 31, 2008 - Ishaan Real Estate Plc ("Ishaan") is pleased to announce the leasing and pre-letting of a further 577,000 sq. ft. of office and retail space, increasing the total area of leased and pre-let space in its commercial and retail development projects to 2.4 million sq. ft. Tenants have also exercised options for 232,000 sq. ft. of the commercial space in its Mindspace developments in Navi Mumbai and Hyderabad.

| Comments (0)

Construction starts on Eredene Capital’s low-income mass housing project near Mumbai | INRnews

Mumbai, India, March 31, 2008 – Eredene Capital PLC (AIM: ERE), the AIM quoted investor in Indian infrastructure and real estate, today announces that construction has begun on its joint venture low-income housing project near Mumbai following a ground breaking ceremony at the first of its greenfield sites. This is the first phase in the planned construction of approximately 185,000 affordable homes within commuting distance of the city over the next 10 years.

| Comments (0)

March 19, 2008

SRUIL to construct LEED Platinum rated residential tower in Worli, Mumbai | INRnews

Mumbai, India, March 19, 2008 - IGBC, (Indian Green Building Council); which is part of CII (Confederation of Indian Industry); announced today that Shree Ram Urban Infrastructure Limited (SRUIL) is building India's first ever Green residential building at Worli, Mumbai. Entitled 'Palais Royale', this project will be India's first residential building aspiring to achieve the prestigious LEED Platinum rating. One of IGBC's main objective is to ensure that the real estate industry in India migrates to creating benchmarks in Green Buildings across all realty formats.

| Comments (0)

March 14, 2008

KSL & Industries to develop 15 properties across India | INRnews

Mumbai, India, March 14, 2008 - KSL and Industries Ltd., Mumbai-based leading textile and yarn manufacturer has embarked on a major expansion to develop real estate on a pan-India basis.

| Comments (0)

March 11, 2008

CEAT sells 7 acres land in Bhandup for Rs 130 crore | INRnews

Mumbai, India, March 11, 2008 - CEAT Ltd, the flagship company of the 13, 500 crore RPG Group and one of India’s leading tyre manufacturers has today signed an agreement with M/s. Ashford InfoTech Limited for development of a vacant portion of about 7 acres of land located at Village Road in Bhandup, Mumbai.

| Comments (0)

March 08, 2008

MIAL begins roll out of Duty Free Retail at Mumbai international airport | INRnews

Mumbai, India, March 08, 2008 - Mumbai International Airport Private Limited (MIAL) today announced the roll out of the new duty free retail experience for passengers at the Chhatrapati Shivaji International Airport (CSIA) in Mumbai. In the first phase, a new duty free area operated by DFS Galleria was opened at the arrivals area of international Terminal 2C at Sahar.

| Comments (0)

March 07, 2008

ETAM opens an exclusive store at Breach Candy | INRnews

Mumbai, March 7, 2008: Etam, the leading French lingerie brand, a part of the Future Group, today opened its exclusive store in Mumbai at Breach Candy in South Mumbai. On the occasion, super model Viveka Babajee showcased ‘Etam Spring Summer 2008 collection’, comprising of lingerie, swim wear and night wear. She also interacted with some customers and shared with them some lingerie style tips. An exclusive wine and cheese event was also held at the store in the evening.

| Comments (0)

February 21, 2008

HDIL sells Mumbai property for Rs 900 crore | INRnews

Mumbai, India, February 21, 2008 - Housing Development & Infrastructure Ltd (HDIL) has announced that the Company has entered in to sale of Developmental rights agreement dated February 21, 2008 with respect to its project named Kaledonia situated at sahar Road, Andheri (East) with Mack Star marketing pvt ltd for a consideration of Rs 900 crores (Rupees Nine hundred crores).

| Comments (0)

HDIL sells Mumbai property for Rs 900 crore | INRnews

Mumbai, India, February 21, 2008 - Housing Development & Infrastructure Ltd (HDIL) has announced that the Company has entered in to sale of Developmental rights agreement dated February 21, 2008 with respect to its project named Kaledonia situated at sahar Road, Andheri (East) with Mack Star marketing pvt ltd for a consideration of Rs 900 crores (Rupees Nine hundred crores).

| Comments (0)

January 22, 2008

Uma Petroproducts to develop township near Khopoli | INRnews

Mumbai, India, January 22, 2008 -  The board of directors of Uma Petroproducts have decided to enter into a memorandum of understanding (MoU) with MS Group of Companies to jointly develop a township near Mumbai.

| Comments (0)

January 11, 2008

Mercantile Bank Building in Vashi sold to Shah Group | INRnews

Mumbai, India, January 11, 2008 - The Mercantile Bank building in Vashi has been sold to the Shah Group.

| Comments (0)

January 10, 2008

Supreme Infra bags Rs 71.99cr contract from Thane Coporation | INRnews

Mumbai, India, January 10, 2008 - Supreme Infrastructure India Ltd (SIIL), an infrastructure development company engaged in civil construction activities, has bagged a building construction contract worth Rs 71.99 crores from Thane Municipal Corporation (TMC). This is in Joint Venture with M/s. Chawla Interbild. This work of construction of RCC building in Thane City (Tulsidham) is part of BSUP scheme. The contract will be executed in a period of 18 months.

| Comments (0)

January 09, 2008

Dev Property Development eyes £114 million sale of development projects in Mumbai | INRnews

Mumbai, India, January 09, 2008 - Dev Property Development plc (AIM: DPD), a company investing in Indian real estate, today announces that it has sent a circular to shareholders convening an extraordinary general meeting (EGM) on 25 January 2008. The purpose of the EGM will be to seek shareholder consent for the disposal of Dev's interests in two of its three development projects for a total minimum consideration of £114 million (the Minimum Consideration).

| Comments (0)

January 03, 2008

Godrej looking to develop factory land | INRnews

Mumbai, India, January 03, 2007 - The Godrej Group, a leading industrial group in India, is looking at real estate development of some of its factory properties.

| Comments (0)

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.

| Comments (0)

December 28, 2007

Unity Infraprojects wins mall project in Kurla, Mumbai | INRnews

Mumbai, India, December 28, 2007 - Unity Infraprojects Ltd has announced that the Company has received the Letter of Intent from Offbeat Developers Pvt Ltd, Mumbai for Civil Construction Work for construction of Mall named Market City, at Kurla, Mumbai. The Contract Value of the Project is Rs 57.41 crores (Rupees Fifty Seven Crores and Forty One Lakhs Only) excluding the cost of concrete and it is to be completed within 15 months.

| Comments (0)

December 18, 2007

Pride Hotel gears up for expansion of Rs. 340 Crores | INRnews

Mumbai, India, December 18, 2007 - Pride Hotels announced today, that it has received a significant investment from Kotak India Real Estate Fund towards part financing of its Rs. 340 crore expansion-cum-renovation plan.

| Comments (0)

December 05, 2007

Ishaan Real Estate PLC half year report | INRnews

Mumbai, India, December 05, 2007 - Ishaan Real Estate plc has released an interim report for the six months ended 30 September 2007. The key highlight is completion of 100% of investment in the initial portfolio with £133.2 million invested in eight projects across Mumbai, Hyderabad, Pune and Bangalore.

| Comments (0)

November 30, 2007

JLLM head on Maharashtra's scrapping of the Urban Land Ceiling Act | INRnews

Mumbai, India, November 30, 2007 - The Central Government had not considered states like Maharashtra and Andhra Pradesh when it repealed the ULCRA in other states like Gujarat, Karnataka and Punjab. It had its reasons, but it became evident that the ULCRA rendered valuable land useless for all practical purposes. In India, land constitutes approximately 50% of the price of real estate.

| Comments (0)

November 27, 2007

MIAL awards contract to DFS Group for duty free retail | INRnews

Mumbai, India, November 27, 2007 - Mumbai International Airport Private Limited (MIAL) today awarded the duty free retail contract for Chhatrapati Shivaji International Airport (CSIA), Mumbai to DFS Group Limited.

| Comments (0)

November 23, 2007

Kalpataru launches Kalpataru Gardens Phase II | INRnews

Mumbai, India, November 23, 2007 - Situated in the heart of Suburban Mumbai, Kalpataru Gardens Phase II is yet another well designed and modern residential project of Kalpataru Properties Pvt.Ltd – a haven of luxurious space and sunshine, surrounded by true natural beauty.  It is conveniently located at Kandivali, East 15 minutes away from Western Express Highway; 10 minute distance to Kandivali station and also in close proximity to leading educational institutions, malls and multiplexes.

| Comments (0)

November 20, 2007

Gulf Finance House to invest over US$ 2 billion in Mumbai | INRnews

Mumbai, India, November 20, 2007 - Bahrain-based Gulf Finance House (GFH) is investing over US$ 2 billion in a green field site close to Navi Mumbai, near to the commercial capital's airport. GFH has already raised US$ 630 million towards the initial development and infrastructure requirements of the project.

| Comments (0)

November 19, 2007

Deutsche Bank Urban Age Award given to 2 Mumbai city projects | INRnews

Mumbai, India, November 19, 2007 - Dr. Josef Ackermann, CEO of Deutsche Bank is pleased to announce the winners of the first Deutsche Bank Urban Age Award (DBUA) in the presence of the German Chancellor, Dr. Angela Merkel and SM Krishna, Governor of Maharashtra. The announcement follows a unanimous decision by an international jury. The award of $100,000 will be split between two high level projects: the Triratana Prerana Mandal initiative and the Mumbai Waterfronts Development Centre, with a special Commendation for the Urban Design Research Institute’s Fort Management Project.

| Comments (0)

Piramal Enterprises floats realty JV with Sunteck | INRnews

Mumbai, India, November 19, 2007 - Piramal Enterprises Ltd (Ajay Piramal Group) has announced its realty joint venture (JV) with Sunteck Realty and Infrastructure Ltd.

| Comments (0)

Fiat India sells 53 acre Kurla property to IKG Associates | INRnews

Mumbai, India, November 19, 2007 - Fiat India Pvt Ltd, in continuance of its process of restructuring and consolidation of its operations in India, has announced the sale of its 53-acre Kurla property to IKG Associates, an IL&FS affiliated entity for Rs. 608 Crores (Rupees Six Hundred and Eight Crores). The company operations have completely shifted to Ranjangaon, near Pune in Maharashtra, a facility measuring about 200 acres.

| Comments (0)

Ishaan invests in 4.5 million sq ft of commercial development space in India | INRnews

Navi Mumbai, India, November 19, 2007 - Ishaan Real Estate plc today announces that it has concluded its investment in an IT SEZ (Special Economic Zone) in Navi Mumbai, on which a development of up to 4.5 million sq ft of commercial space is planned.

| Comments (0)

November 13, 2007

New supply to stabilise residential prices in Mumbai | INRnews

Mumbai, India, Novemer 13, 207 - With new supply of residential real estate space in Mumbai, development of new areas like Navi Mumbai, and redevelopment projects such as the Dharavi redevelopment in the pipeline, the outlook is for stable prices in the Mumbai market.

| Comments (0)

Mumbai office space rentals rise in submarkets | INRnews

Mumbai, India, November 13, 2007 - Rentals for office space in submarkets of Mumbai such as Worlid, Prabhadevi, Goregaon and Navi Mumbai jumped by 10%-20% in Q3 2007. As compared to this, rental and capital values in the CBD remained stable.

| Comments (0)

November 08, 2007

CCEA approves operator to develop Mumbai Port offshore container terminal | INRnews

Mumbai, India, November 08, 2007 - The Cabinet Committee on Economic Affairs today gave its approval for Development of Offshore Container Terminal on Build, Operate and Transfer basis at Mumbai Port, under Licence Agreement to be entered into by Mumbai Port Trust (MbPT) with the BOT operator namely, aConsortium of M/s. Gammon India Limited, M/s. Gammon Infrastructure Limited and M/s. Dragados SPL, Spain. 

| Comments (0)

October 26, 2007

HDIL - Agreement executed for the Mumbai Airport Slum Rehabilitation Project INRnews

Mumbai, India, October 26, 2007 - Housing Development & Infrastructure Ltd (HDIL) has announced that the Company has received a Letter of Intent dated October 15, 2007, for the Airport Slum Rehabilitation project, for removal of slums from encroached Airport land, which has been awarded by Mumbai International Airport Pvt Ltd to the Company.

| Comments (0)