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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.

November 19, 2007

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.

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.

October 25, 2007

Hirco Invests £96.6 Million to develop Panvel township in Mumbai Metropolitan Region | INRnews

London, UK, October 25, 2007 - Hirco Plc (AIM:HRCO.L), the investment vehicle for Hiranandani, India’s largest developer of prestigious mixed-use townships, today announced that it has invested £96.6 million in a Residential Township (“Panvel Residential”) development project located in Panvel, in the Mumbai Metropolitan Region of India.

October 01, 2007

Ishaan Real Estate Plc secures pre-letting agreement for Mindspace IT SEZ, Navi Mumbai | INRnews

London, UK, October 01, 2007 - Ishaan Real Estate Plc ("Ishaan") is pleased to announce that it has signed a new letter of Intent with a leading ITES company for 360,000 sq. ft. (including 220,000 sq. ft. under option) at Mindspace IT Park (SEZ development), Airoli, Navi Mumbai.

September 07, 2007

Arshhiya Tech to invest Rs 350cr in CFS & Logistics Park | INRnews

Mumbai, India, September 07, 2007 - Arshhiya Technologies International Ltd., an India based integrated supply chain services company with global presence (through it’s network of partners - BDP International and Genco), has announced the approval of the Ministry of Commerce & Industry, Department of Commerce, Infrastructure Division - Government of India for setting up a Container Freight Station (CFS) near JNPT Port for handling import and export cargo. The adjacent area will also include a Logistics Park. The cost of the proposed CFS and Logistics Park project will be approximately Rs. 350 crores.

August 29, 2007

HDIL to purchase 15 acres of property in Navi Mumbai | INRnews

Mumbai, India, August 29, 2007 - Housing Development & Infrastructure Ltd (HDIL) has announced that the Company has already entered into an MOU for purchase of 15 acres of property belonging to Eveready Industries Ltd situated at Navi Mumbai for a total consideration of Rs 115 crores. Subject to necessary approvals the transaction will be effected in stages over a period of time.

August 17, 2007

Indiabulls Real Estate plans projects across India | INRnews

Mumbai, India, August 17, 2007 - Indiabulls Real Estate Limited (IREL) with projects covering a total land area in excess of 10000 acres is one of the largest listed real estate companies in India and a leading national player across multiple realty and infrastructure sectors. IREL projects include High-end Office and Commercial Spaces, Premium Residential Developments, Integrated Townships, Luxury Resorts and Special Economic Zones. INRnews summarises the various projects Indiabulls Real Estate is undertaking.

August 13, 2007

Standard Ind developing property in Ghansoli, Navi Mumbai | INRnews

Mumbai, India, August  13, 2007 - Standard Industries Ltd proposes to develop a third of its property at Ghansoli, Navi Mumbai. The company's board, which met on August 10, has cleared an arrangement to be entered into with CapitaLand Financial Ltd, Singapore, for the purpose, Standard Industries announced on Monday.

July 19, 2007

Hirco PLC announces investment in Commercial Township Development in Panvel, Navi Mumbai | INRnews

Mumbai, India, July 19, 2007 - Hirco PLC  (AIM:HRCO),  a real estate investment company, has announced an investment of £128.4 million in a Commercial Township Development project located in Panvel, in the Mumbai Metropolitan Region, India.

June 22, 2007

Formal approval granted to 36 SEZs; in principle approval to 9 | INRnews

New Delhi, India, June 22, 2007 - The Board of Approval (BOA) of the Special Economic Zones (SEZs) met here today to consider proposals for setting up of Special Economic Zones and also approve other miscellaneous requests pertaining to SEZs. In this meeting, 53 applications for setting up SEZs were considered and 36 Formal approvals and 9 In-principle approvals were granted.

June 21, 2007

Sternon Group's NRI mega-township in Navi Mumbai generates global interest | INRnews

Dubai, UAE, June 21, 2007 - An NRIs-only mega-township of villas and row-houses in Navi Mumbai, being promoted by Sternon Group, Dubai-based real estate developers, builders and promoters, has generated global interest, driven by Navi Mumbai's growing reputation as one of the hottest real estate markets, Hussaini F. Nalwalla, Managing Director, Sternon Group, said in Dubai today.

May 31, 2007

Government approves international airport in Navi Mumbai | INRnews

New Delhi, India, May 31, 2007 - The Government today gave its approval for the construction of an International Airport at Navi Mumbai. The Airport will be developed as a Greenfield Airport through Public Private Partnership (PPP) along the lines of the Greenfield Airports at Hyderabad and Bangalore.

February 21, 2007

Garnet Construction in international tie-up to promote Navi Mumbai township project | INRnews

Mumbai, India, February 21, 2007 - Garnet Construction Ltd has announced that the Company has entered into an exclusive global marketing alliance with the Sternon Group (Dubai-based real estate developers, builders and promoters) to market its residential and commercial projects to prospective buyers around the world.

January 30, 2007

Navi Mumbai international airport project drives up land prices | INRnews

Mumbai, January 30, 2007 - The proposed international airport project in Navi Mumbai is driving up land prices in areas such as New Panvel, Kalamboli and Kharghar. The City and Industrial Development Corporation of Maharashtra (CIDCO) has recently sold plots in the area for significantly higher amounts than recent market prices.

Navi Mumbai international airport project drives up land prices | INRnews

Mumbai, January 30, 2007 - The proposed international airport project in Navi Mumbai is driving up land prices in areas such as New Panvel, Kalamboli and Kharghar. The City and Industrial Development Corporation of Maharashtra (CIDCO) has recently sold plots in the area for significantly higher amounts than recent market prices.


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