Archive for November 21st, 2007
Punjagutta flyover to be ready by March
Wednesday, November 21st, 2007Construction to bring the main Punjagutta flyover into its final shape from the accident spot began again after a gap of more than two months this week. Work was stopped after two persons were killed when the scaffolding along with the segments collapsed. The flyover would be opened in March.
Gulf realty firms to invest $50 bn in India
Wednesday, November 21st, 2007Even as property giants such as Emaar, Nakheel, Gulf Finance House and ETA Star from the Gulf move ahead with their plans, the region’s half a dozen other real estate companies have set their eyes on the country.
Puravankara bags H`bad hi-tech City project
Wednesday, November 21st, 2007Puravankara Projects, a Bangalore-based property developer, has won the bid from APIIC (Andhra Pradesh Industrial Infrastructure Corporation) to develop Hi-tech City, Hyderabad, involving an investment of over Rs 3,500 crore.
Sorabjee to fight Wakf land battle
Wednesday, November 21st, 2007Noted jurist Soli Sorabjee is representing the Wakf Board in a Supreme Court case against the State government over the ownership of 510.35 acres of prime land near Hitec City in Ranga Reddy district.
Mumbai flat sells for a record Rs 34 crore
Wednesday, November 21st, 2007Over tea and sandwiches at the Citibank office at Mumbai’s Bandra-Kurla Complex at 10.30 am on Wednesday, family members and representatives of some of India Inc’s top guns settled down to outbid each other for a luxurious apartment.
Science City project reviewed
Wednesday, November 21st, 2007The State Government along with Jurong Infrastructure (India) Ltd today reviewed the progress of the implementation of Odyssey Science City project proposed for Anantapur.
SEBI plans to introduce real estate trusts
Wednesday, November 21st, 2007Capital market regulator SEBI has initiated the process to introduce real estate investment trusts (REITs) and will shortly come up with the first set of proposals on the same, Mr M Damodaran, Chairman said today.
Manipal Health to invest Rs 200cr in Andhra
Wednesday, November 21st, 2007Bangalore-based Manipal Health Systems, is planning to invest about Rs 200 crore in Andhra Pradesh over the next two years to expand its healthcare network.
Lanco ready to enter three new verticals
Wednesday, November 21st, 2007Hyderabad-based power and infrastructure company Lanco Infratech is looking to enter new business verticals to emerge as an integrated infrastructure player in the country.
Phase Forward sets up Indian arm
Wednesday, November 21st, 2007Phase Forward Inc, a US-based provider of integrated data management solutions for clinical trials and drug safety, has established its wholly-owned Indian subsidiary — Phase Forward Software Services India.
Global players line up $25 bn for Indian realty pie
Wednesday, November 21st, 2007Global real estate majors such as Dubai World, Trump Organisation of US, Smart City of Dubai, Kishimoto Gordon Dalaya, Khuyool Investments, Bonyan Holding, Plus Properties, ABG Group and Al Fara’s Properties are descending on the Indian real estate market with an investment of around $20-25 billion in the next 12-18 months.
Good response to APIIC auctions at Rayadurg
Wednesday, November 21st, 2007The auction conducted by Andhra Pradesh Industrial Infrastructure Corporation Ltd., for 90 acres of land in Knowledge City at Rayadurg, near Hi-Tech City, saw intense bidding from three major competitors on Tuesday.
Chowmahalla Palace to play host to celebrity banquets
Wednesday, November 21st, 2007Photo courtesy: The HinduÂ
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In all splendour: The historic Chowmohalla Palace .
Want your party to be remembered long after the guests have left. Then entertain them at a location simply out of the world.
Vizag airport in for major expansion soon
Wednesday, November 21st, 2007Air travellers here will soon have the luxury of entering the aircraft directly from the terminal through aero-bridges which are being installed at a cost of Rs 100 crore.
Bhagyanagar, IL&FS partner for new venture
Wednesday, November 21st, 2007Bhagyanagar India Ltd has formed a special purpose vehicle (SPV), Bhagyanagar Entertainment Infrastructure Development Company Ltd, by partnering with IL&FS Infrastructure Development Corporation.
Vipul to invest Rs 13,000 crore to expand outside the North
Wednesday, November 21st, 2007Gurgaon-based real estate firm Vipul Infrastructure Developers will invest about Rs 13,000 crore in the next five years to develop realty projects.
The company is expanding its footprint beyond North India and is gearing up for major forays in Bhubaneshwar and Hyderabad.
Organized retail hurting small traders in Hyderabad: study
Wednesday, November 21st, 2007Big retailers have cut fruit, vegetable prices by up to 11%; with people’s shifting loyalty, hawkers report 40% fall in income.
Maytas, NCC will develop Gulbarga, Shimoga airports
Wednesday, November 21st, 2007Maytas Infra announced on Tuesday that the Infrastructure Development Department of the Karnataka Government has selected a consortium of Maytas Infra, NCC Infrastructure Holdings Ltd (NCC) and VIE India Project and Holdings (VIE) to develop and operate airports proposed at Gulbarga and Shimoga on build, own and transfer (BOT) basis.
VUDA cautions public
Wednesday, November 21st, 2007The Visakhapatnam Urban Development Authority has cautioned the public not to purchase plots in the following unauthorised layouts, as they are not approved by the authority under Section 13 and 14 of AP Urban Areas (Development) Act, 1975.