Archive for December 4th, 2007
Morgan Stanley ties up with Aparna group
Tuesday, December 4th, 2007Morgan Stanley Real Estate said on Tuesday it has tied up with the Hyderabad-based Aparna group for a high-end housing and commercial development project in the southern Indian city.
They said the 50:50 venture would develop Aparna Laketown’ in Nalagandla, Hyderabad, covering 12 million square feet (1.1 million square meters).
India’s hot property market is likely to cool soon: Kamath
Tuesday, December 4th, 2007India’s heated property market is likely to cool in 2008, top banker KV. Kamath has said on Tuesday in a forecast that could give pause to domestic and foreign investors, who have poured billions of dollars (euros) into the country’s real estate.
‘Realty prices may pose risk to banking system’
Tuesday, December 4th, 2007The strong demand for housing and home finance in India are likely to maintain pressure on the real estate prices (read high property prices). The elevated prices along non transparency may lead asset bubble” in the market and pose risk to banking system, according to Rakesh Mohan, deputy governor, Reserve Bank of India.
Markfed to set up agri zone at Hyd airport
Tuesday, December 4th, 2007The Andhra Pradesh Co-operative Marketing Federation (Markfed) is planning to develop an agri processing zone at the new international airport in Hyderabad, which will have facilities like godowns and cold storage plants.
DuPont doubles investment for Hyderabad R&D centre
Tuesday, December 4th, 2007U.S. chemical maker DuPont Co will double its previously announced investment in a planned R&D centre in Hyderabad to 2 billion rupees ($51 million) over 2 years, a senior official said.
High-rise safety up in smoke?
Tuesday, December 4th, 2007In yet another move that unwittingly encourages people to flout rules, the fire services has moved a proposal to regularise high-rise buildings that as of today do not have no-objection certificates (NOC) on fire safety norms.
Babu’s threat to Huda falls flat
Tuesday, December 4th, 2007The Hyderabad Urban Development Authority has decided to auction 100 acres of land near Gandipet despite Telugu Desam president, Mr N. Chandrababu Naidu’s threat to annul the sale after coming back to power.
Skoda to set up steam turbine plant in Hyderabad
Tuesday, December 4th, 2007Skoda Holdings will be setting up a plant to manufacture steam turbines for power plants up to a capacity of 150 MW here in about two years. The company has already purchased land for developing the facility.
Emaar MGF may launch $1.7bn IPO next month
Tuesday, December 4th, 2007Real estate developer Emaar MGF is planning to launch its initial public offering (IPO) to raise $1.7 billion by January 2008.
Rakindo Developers to invest $5bn over 5 yrs
Tuesday, December 4th, 2007Rakeen, a global company promoted by the government of Ras Al Khaimah, UAE, today announced a 50:50 joint venture with Chennai-based Trimex group to form a foreign direct investment (FDI)-compliant real estate joint venture for the Indian market.
Navy to facilitate night landing
Tuesday, December 4th, 2007The Navy is ready to extend its night landing facilities to the civilian aircraft adjusting its existing staff at the air traffic control, said Flag Officer Commanding-in-Chief, Eastern Naval Command, Vice-Admiral R.P. Suthan.
Modern traffic signals at 13 junctions in SCB area
Tuesday, December 4th, 2007Modern traffic signals equipped with the light emitting diodes (LEDs) are to be set up at 13 junctions in the Secunderabad Cantonment Board.
Shakti Pumps inks pact with AP Govt
Tuesday, December 4th, 2007Shakti Pumps India Ltd has entered into an agreement with the Panchayat Raj, Engineering and Rural Water Supply Department, Government of Andhra Pradesh, to supply energy efficient pumps.