Archive for September 2nd, 2006
"Star Rating" For Real Estate Developers Soon…
Saturday, September 2nd, 2006AFTER star hotels, now it is turn for star-rated real estate developers. Soon government would make it mandatory for developers to get rated by urban development ministry to operate in the country. Developers will be accorded star grades between one and five on the basis of their past performance, quality of products and networth.
The move […]
How NRIs, PIOs Can Buy Land In India
Saturday, September 2nd, 2006The law has come a long way since the days of the Fera (Foreign Exchange Regulation Act) regime, when buying or selling of immovable property was governed by the citizenship of a person.
Under Fema (Foreign Exchange Management Act), the thrust is on residential status. But before we go into the details of the law, let’s […]
Bangalore-based Prestige Group Plans 7 Malls In South
Saturday, September 2nd, 2006The Bangalore-based Prestige group, a real estate firm, will be setting up seven shopping malls in southern India, including Hyderabad, Chennai, Mangalore and Kochi, Mr Susil Dungarwal, head of retail (mall business), said on Thursday. Mr Dungarwal, a veteran of the retail industry in India, said the Prestige group envisages an investment of nearly Rs […]
SemIndia Firms Up Funds For Phase-I Of SemIndia Project "Fab City", a $3 Billion Multi-Phase Semiconductor Complex
Saturday, September 2nd, 2006 The promoters of SemIndia project, a $3 billion multi-phase semiconductor complex, slated to come up near Hyderabad, have got into the execution mode for the first part of the $1 billion project - a test and assembly line that would see an initial investment of $100 million.
The Chief Executive Officer and core-promoter of SemIndia, […]
Hyderabad-Based Taj GVK Plans Rs 300 Crore Expansion
Saturday, September 2nd, 2006Taj GVK Hotels will invest Rs 400 crore in the next 3-4 years to expand its chain in the country. The company has plans to set up new hotels of about 250 rooms in Chennai, Bangalore and Hyderabad. Besides, the company will be expanding Taj Krishna and Taj Residency in Hyderabad. The company will add […]