Pune, India, October 25, 2007 - Pune Central, the seamless mall, opens its second Central mall in Pune at University Road. This is the first time that Central has launched two malls in a city and is indicative of the resounding success that it has been, in the city of Pune. Pune Central’s second mall in the city is also in response to the tremendous demand from Puneites from north-western part of Pune, which has emerged as an IT Hub.
London, May 15, 2007 - Yatra Capital Limited (“Yatra”) the first Euronext quoted Indian real estate company has announced its first investment in Indian real estate. Yatra has committed up to € 21.6 million in equity for a 49% stake in a joint venture which will initially develop three residential sites in Pune, Maharashtra.
Mumbai, January 11, 2007 - Leading real estate developer Sobha Developers Ltd has announced that on January 11, 2007 the Company has received a Letter of Indent (LOI) dated January 05, 2007 from BF Utilities Ltd (Kalyani Group Company) to construct its Employee Care Centre in Mundwa, Pune.
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.
New Delhi, December 12, 2006 - A new site at Rajguru Nagar, six km. north of Chakan in Pune has been identified as the possible site for a civilian airport in Pune. This information was given by Shri Praful Patel, Minister for Civil Aviation in the Parliament today.
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!
Pune, October 29, 2006 : In a welcome move, the Pune City Improvement Committee (CIC) has decided to allow high-rise buildings with a maximum height of 100 metres. The move will help ease the demand for residential and commercial real estate as developers build higher, and also keep price inflation under control.
Chennai, September 28, 2006: Spencer's is fast emerging as a key retail brand in the country. The 80-store supermarket chain, part of the RPG group, is comprised of 7 hypermarkets each occupying more than 35,000 sq.ft, 3 supermarkets up to 15,000 sq.ft, and 70 Daily stores between 4,000 to 7,000 sq.ft where consumers can purchase fresh produce, frozen products, bakery products, groceries and other daily requirements.
Spencer's Retail plans to open Spencer's Dailies in Pune, Hyderabad, Trichy and Bangalore. According to the company, in October it will open one new store every two days.
Citigroup Property Investors will partner with Gera Development in a $125 million real estate project in Pune. The residential development would include construction of 600 apartments, a country club and a hotel according to Rohit Gera, executive director of Gera Development. The project will be completed in four years time.
IVRCL hopes to execute real estate projects across the country,including townships, residential estates, golf courses, shopping malls and hotels, in the next four years. The estimated cost - Rs.6000 crores.
Prime Property Development Corp has purchased real estate in Mumbai and Pune that it hopes to develop commercially.
The Mumbai property on SV Road, Goregaon, can be developed into 35,000 sq.ft. of retail space, while the Pune property in Pimpri-Chinchwad can be developed into a retail and hospitality destination covering more than 400,000 sq.ft. of space.
Project to generate 120,000 new jobs.
Bharat Forge Ltd. (BFL), India’s largest manufacturer and exporter of automotive components today signed a Memorandum of Understanding (MoU) with the Government of Maharashtra to jointly develop a multi-product Special Economic Zone (SEZ) in Khed Taluka of Pune District.
American auto giant General Motors is to locate its second plant in India in Maharashtra. The company is to sign an MOU with the Maharashtra Government soon. The plant is believed to be at the Talegaon Industrial Estate and MIDC has reserved a 300 acre site for GM. The location choice is based on the availability of skilled workforce in the Pune area and the existence of other auto and auto ancillary facilities in the region.
See other Manufacturing Related News on INRnews.com
Microsoft plans to invest $150 million to set up a software development center in Pune according to the IT secretary of Maharashtra. This would be the first significant investment in the city by a major global IT company. TCS is also planning a software development center close to Hinjewadi IT Park at an investment of Rs 500 crore.