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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.

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March 11, 2008

Hiranandani Group announce Multiservices SEZ in Hyderabad | INRnews

Hyderabad, India, March 11, 2008 - Mumbai’s leading real-estate developers Hiranandani Group of companies have announced their plan to develop first of its kind 250 acre integrated ‘Hiranandani Upscale, Multiservices SEZ at Lahari, Hyderabad. The SEZ would be developed in association with Hyderabad based Lahari Infrastructure Ltd. Based on walk to work concept the SEZ would be integrated with vast landscaping and residential buildings apart from Schools, Hospitals and other recreational facilities. The project would require an investment of Rs 12,000 crores and would be completed in phases over a period of seven years.

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March 10, 2008

Lanco Hills gives order for construction to Sembawang Infra | INRnews

Hyderabad, India, March 10, 2008 - Sembawang Infrastructure India Pvt Ltd has bagged the order for construction of an IT Tower in the Lanco Hills Technology Park Pvt Ltd’s IT Park in the SEZ area. To this effect Lanco Hills Technology Park Pvt Ltd and Sembawang Infrastructure India Pvt Ltd today signed an agreement for execution of the structural work of Tower 9 for their prestigious SEZ IT Park.

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February 22, 2008

Bhiwadi industrial cluster attracts 3 brand new project | INRnews

Bhiwadi, India, February 22, 2008 - Smt. Vasundhara Raje, Hon’ble Chief Minister, Government of Rajasthan, today laid the foundation stone for setting up an IT / ITES SEZ by Somani Worsted Limited and manufacturing facilities of Jaquar Limited and Orient Craft Limited in Bhiwadi, Rajasthan. Dr. Digamber Singh, Hon’ble Minister of Industries, Rajasthan, also graced the occasion. The establishment of these projects is in sync with the vision of the recent Resurgent Rajasthan Partnership Summit and will give a boost to the rapid industrialization in the state.

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February 15, 2008

Unitech consortium company gets 12,500 acres of land in West Bengal for Chemical SEZ | INRnews

Kolkata, February 15, 2008 - Unitech Ltd has announced that Government of West Bengal has given possession of about 12,500 acres of land at Nayachar Island (near Haldia) on February 15, 2008 to the developer PCR Chemicals Pvt Ltd for development of, inter alia, Chemical SEZ.

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Unitech consortium company gets 12,500 acres of land in West Bengal for Chemical SEZ | INRnews

Kolkata, February 15, 2008 - Unitech Ltd has announced that Government of West Bengal has given possession of about 12,500 acres of land at Nayachar Island (near Haldia) on February 15, 2008 to the developer PCR Chemicals Pvt Ltd for development of, inter alia, Chemical SEZ.

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February 12, 2008

Mahindra Lifespace to develop Sri Lanka SEZ | INRnews

Mumbai, India, February 12, 2008 - Mahindra Lifespace Developers Ltd has announced that at a high powered delegation of Indian Industrialists and Heads of Indian Corporates, led by Hon'ble Shri. Jairam Ramesh, Minister of State for Commerce, to Sri Lanka, an agreement was signed in Colombo, between the Board of Investments of Sri Lanka, and Mahindra Lifespaces Developers Ltd (MLDL) for developing a Special Economic Zone (SEZ) in Sri Lanka, at Katunayeke. The SEZ will be stretched over 65 acres, for a mixed-use development, including an IT Park having a strategic advantage of being located opposite the Bandarnayake International Airport. This SEZ would bring about development of around 3 million sq. ft of built space, and more importantly generate over 35,000 jobs in the country. The Agreement was signed by Hon. Dr. Sarath Amunugama, Minister of Enterprise Development and Investment Promotion, Sri Lanka and Mr. Arun Nanda, Vice Chairman of MLDL, in the presence of Shri. Jairam Ramesh.

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February 08, 2008

MARG unveils plans for new city - “MARG Swarnabhoomi” in Tamil Nadu | INRnews

Chennai, India, February 08, 2008 - MARG Ltd; (formerly MARG Constructions Limited) announced the launch of its mega infrastructure project – “MARG Swarnabhoomi” off the East Coast Road near Chennai.

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January 22, 2008

Farmers to set up own SEZ near Pune | INRnews

Pune, India, January 22, 2008 -  Farmers in a village near Pune, Avasari Khurd, have been given an in-principle approval from the State Government to set up an SEZ. Farmers decided to take this step to unlock the value of nearly 3,500 acres of barren land said to be worth Rs. 900 crores.

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January 21, 2008

BOA of SEZs grants 11 formal and 1 in-principle approvals | INRnews

New Delhi, India, January 21, 2008 - The Board of Approval 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, 19 proposals for setting up SEZs, including 2 proposals for conversion of in-principle approvals to formal approvals were considered.  The Board recommended grant of 11 Formal approvals (including 2 requests for conversion of In-Principle Approvals to Formal Approvals) and 1 In-principle approval of a Multiproduct SEZ by Reliance Haryana SEZ Limited in Jhajjar District, Haryana.

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Elcot to develop 50,000 sq ft at IT SEZ in Tirunelveli | INRnews

Chennai, India, January 21, 2008 - The Electronics Corporation of Tamil Nadu (Elcot) is to construct over 50,000 sq ft of space at the Tirunelveli IT SEZ by June this year at a cost of Rs 15 crore. The Tamil Nadu government is keen to develop smaller cities like Tirunelveli, Salem, Madurai as IT destinations to leverage the talent pool available there.

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Sri City to develop 5,000 acre SEZ near Chennai | INRnews

Chennai, India, January 21, 2008 - Sri City Pvt Ltd, an enterprise promoted by Mr Ravindra Sannareddy, Chairman, Megasoft Limited, is planning a 5,000 acre multi-product SEZ in North Chennai at a cost of Rs 2,500 crore.

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Trikona Trinity Capital gets SEZ status for Delhi IT Park | INRnews

New Delhi, India, January 21, 2008 - Trikona Trinity Capital PLC (AIM: TRC), a fund created for investing in real estate and real estate related entities across India, has announced that the Board of Approval in India conferred IT Special Economic Zone ("SEZ") status upon the Company's Uppal IT Park "Tech Oasis" (Development Project 1) on 16th January 2008.

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January 13, 2008

Two new SEZs proposed in Punjab | INRnews

Chandigarh, January 13, 2008 - Real Estate Developers Ansal Properties & Infrastructure (API) and Ishan Developers & Infrastructure (IDI) have proposed two new SEZs in Punjab with an investment of Rs 2,367 crore.

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January 10, 2008

EOU/SEZ sector accelerates economic growth: Minister | INRnews

New Delhi, India, January 10, 2008 - Shri Kamal Nath, Minister for Commerce and Industry, has stated that the EOU/SEZ Sector is playing a very important role in encouraging manufacturing activity, providing substantial employment opportunities, thereby accelerating the pace of economic growth. The units set up under these schemes are already providing direct employment to over 6.5 lakh people. He was speaking at the Export Awards function, organised by the Export Promotion Council for EOUs and SEZ Units (EPCES), here last evening. Shri R. Gopalan, Additional Secretary, Department of Commerce; Shri R.S. Gujral, Director General of Foreign Trade (DGFT); Shri T. Vasu, Chairman, EPCES and Shri L.B. Singhal, Director General of EPCES, apart from Development Commissioners of various EPZs and SEZs were present on the occasion.

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January 03, 2008

Parsvnath Developers to set up Pharma SEZ in Nanded, Maharashtra | INRnews

New Delhi, India, January 03, 2007 Parsvnath Developers Ltd has announced that in pursuance to development of SEZs, Parsvnath SEZ Ltd (PSL), a subsidiary of the Company, will develop a Pharmaceutical Special Economic Zone (SEZ) at Nanded in Maharashtra. The Company has received LoI from Maharashtra Industrial Development Corporation (MIDC), a Maharashtra Govt. Undertaking for development of Pharma SEZ project in krushnoor Industrial Area of Nanded which is in close proximity to the SH-6 connecting Nanded and Secunderabad.

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January 02, 2008

BOA grants 24 formal and 4 in-principle SEZ approvals | INRnews

New Delhi, India, January 02, 2008 - The Board of Approval of the Special Economic Zones (SEZs) met on 2nd January 2008 to consider proposals for setting up of Special Economic Zones and also approve other miscellaneous requests pertaining to SEZs.

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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 18, 2007

AP has the best policies for developing SEZ : Dr. Geeta Reddy | INRnews

Hyderabad, India, December 18, 2007 - Confederation of Indian Industry, Andhra Pradesh along with Andhra Pradesh Industrial Infrastructure Corporation (APIIC) organised a one day conference – The SEZ Forum 2007 focusing on the various issues pertaining to the impact of SEZs in economic development.

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December 17, 2007

DS Kulkarni and GTC Real Estate NV to develop 250-acre SEZ in Pune | INRnews

Pune, India, December 17, 2007 - DS Kulkarni Developers Ltd has announced that the Board of Directors of the Company at its meeting held on December 15, 2007, has approved the Term Sheet executed last month between the Company and GTC Real Estate NV for Joint Development of a 250-acre Multi Services SEZ at Pune.

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December 14, 2007

SEZ policy plays a very crucial role in the inclusive growth of nation’s Economy | INRnews

Jaipur, India, December 14, 2007 - Describing the success of the SEZs in India, Mr Anil Mukim, Joint Secretary, Ministry of Commerce and Industry, Govt of India said that the response from Indian SEZs has been tremendous. The Government has already formally approved 404 SEZs, of which 172 have been notified. About 60 of these have already generated direct employment of about 52,000 and indirect employment of 1,00,000. With growth likely to be exponential, these numbers could shoot up to 150,000 by March 2008 and to 600,000 by the end of 2009. He also expected the foreign direct investment in SEZs to increase 3-4 fold within the next year. He added that from the government’s perspective, SEZs have been a success. He was speaking at the inaugural session of Conference on SEZ organised by CII.

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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.

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December 03, 2007

SEZs have been a success: G K Pillai | INRnews

New Delhi, India, December 03, 2007 - Describing the success of the SEZs in India, Mr Gopal Krishna Pillai, Secretary of Commerce, Ministry of Commerce and Industry, India said that the response from Indian SEZs has been tremendous. The Government has already formally approved 404 SEZs, of which 172 have been notified. About 60 of these have already generated direct employment of about 52,000 and indirect employment of 1,00,000. With growth likely to be exponential, these numbers could shoot up to 150,000 by March 2008 and to 600,000 by the end of 2009. He also expected the foreign direct investment in SEZs to increase 3-4 fold within the next year. He added that from the government’s perspective, SEZs have been a success.

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November 30, 2007

Omaxe forays into SEZ development | INRnews

New Delhi, India, November 30, 2007 - Omaxe, one of India’s leading real estate companies with footprints in 30 towns and 9 states today announced its foray into development of Special Economic Zone (SEZ) by signing Memorandum of Understanding (MoU) with the Government of Rajasthan to develop a multi product SEZ in District Alwar of Rajasthan spread over the area of 5000 hectare.

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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.

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November 05, 2007

Parsvnath Developers - Parsvnath SEZ Ltd inks MoU with Government of Madhya Pradesh | INRnews

New Delhi, India, November 05, 2007 - Parsvnath Developers Ltd has announced Parsvnath SEZ Ltd (PSL), a subsidiary of the Company has signed a MoU with the Government of Madhya Pradesh to provide facilities and incentives at the 76 acres SEZ being developed, by the Company at Indore.

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October 30, 2007

DLF announces financial results for Q2 FY08 | INRnews

New Delhi, India, October 30, 2007 - DLF Limited, India’s largest real estate Company, recorded consolidated revenues of Rs 3,349 crore for the quarter ended September 30, 2007, an increase of 7.3% from Rs 3,121 crore in the first quarter of the current fiscal. EBIDTA was at Rs 2,363 crore, an increase of 5% as compared to Rs 2,251 crore in Q1 FY08. Net profit stood at Rs 2,018 crore, up by 32% from Rs 1,524 crore. The non annualized EPS for the quarter was Rs 11.83.

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October 19, 2007

BOA of SEZ grants 10 formal and 3 in-principle approvals | INRnews

New Delhi, India, October 19, 2007 - The Board of Approval of the Special Economic Zones (SEZs) has recommended grant of 10 formal and 3 in-principle approvals here today.   The Chairman of the Board, while informing the members stated that including the latest SEZ approvals a total of 395 SEZs formal approvals have been granted. He further informed that out of these, 156 SEZs have been notified and investment of Rs.50,906 crore has taken place  in these notified SEZs providing direct employment to over 72168 persons.

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October 18, 2007

GMR Infrastructure net operating revenues up 26 % in Q2 FY 2008 | INRnews

Bangalore, India, October 18, 2007 - GMR Infrastructure Limited (GIL), India’s premier infrastructure bell weather company announced its financial results for the first half year and second quarter ended September 30, 2007 today. Commenting on the results Mr. G.M. Rao, Group Chairman, said “Our numbers are growing as per expectations. The present results reflect only a small aspect of the true operating potential of our assets and as more of our businesses are operationalised to optimum capacity, we are confident of posting substantial growth in performance, thereby resulting in continued value accrual for all our stakeholders. However, we continue to consolidate our position as an innovative Infrastructure player, moving in rapidly to identify domestic as well as international investment opportunities.”

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October 09, 2007

Parsvnath Developers - Parsvnath Dehradun SEZ gets notified | INRnews

New Delhi, India, October 09, 2007 - Parsvnath Developers Ltd has announced that the Company has received the final Notification from the Central Government for the setting up of IT / ITES SEZ at Sahastra Dhara Road at Dehradun (Uttaranchal). With this, the Company now has three notified product specific SEZs for IT / ITES Sectors at Indore, Gurgaon and Debradun, which will be executed by the Company's Subsidiary, Parsvnath SEZ Ltd.

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