The leading real estate developers of Bangalore, Golden Gate Properties Ltd, have launched their project "The Commune" that is a self-sufficient township offering 2500 world-class living spaces at an unbelievable price of just Rs.19 lakhs onwards. A self sufficient community
Hyderabad-based real estate developer PBEL India plans to build a township in the city at a cost of Rs 1,200 crore. Christened PBEL City, the township will comprise of 13 residential and two commercial towers. PBEL City, a joint venture
DLF Ltd is planning to raise Rs 10,000 crore over the next one year. The shareholders will pass an enabling resolution to this effect in the next annual general meeting which will be held on September 30. According to a
India received $20 billion foreign direct investment (FDI) between January and June in the calendar 2008 and $10 billion in the first quarter of the current fiscal and is all set to attract FDI worth $40 billion this fiscal. The
Reliance Capital Ltd recently announced the decision to spin off its home loans business into a new company. It has sought the mortgage market regulator's approval, the Mint newspaper said on Wednesday. "We have decided to float a separate company
HDFC Bank aims to spread its network to the rural areas of the country as there is an increasing demand for banking and finance products by agriculturists. New branches in rural areas would have core banking facility, similar to those
Realty estate firm Raheja Developers said it would invest about Rs 4,500 crore to develop an engineering SEZ in Gurgaon over the next three to five years. "This is the first notified engineering Special Economic Zone (SEZ) in the northern
The Foreign Investment Promotion Board (FIPB) cleared the proposal of acquisition of Ranbaxy by Japan's Daiichi Sankyo and the deal would now have to be cleared by the Finance Minister and the Cabinet Committee on Economic Affairs. The deal was
Elbit Imaging Ltd announced through a press release that it has signed a joint venture agreement with its subsidiary, Plaza Centers, a leading emerging markets property developer in Central and Eastern Europe and in India for the development of major
MPC Synergy, a German based company will be investing up to EUR 200 million at the SPV level of the Phoenix Mills Group as well as the EWDPL Group. Phoenix Mills holds about 42% stake in Entertainment World Developers, India,
Speaking at the International Seminar on SEZ the chief minister of Maharashtra, Vilasrao Deshmukh, stated that the land acquisition for the upcoming special economic zones (SEZ) in the state will take place only after negotiations. The government will be a
According to a recent press release, Bharti Retail Limited and IBM India announced that they have entered into a ten-year partnership under which IBM will provide technology and services that will enable Bharti Retail to scale up operations in the
SRL Ranbaxy Ltd, a diagnostics firm owned by the promoters of Ranbaxy Laboratories Ltd, might merge with drug retailer Fortis HealthWorld Ltd. The move aims to increase the valuation of the merged entity before it hits the capital market. SRL,
Leading financial services provider Citi on Monday said the FDI (Foreign Direct Investment) inflow is expected to remain flat during the fiscal. "Despite strong trends, we expect FDI to stay flat in FY'09 at USD 32.2 billion posted last year,"
The Indian warehousing sector will be worth $55 billion by 2010-11 with around 45 million sq ft warehousing space expected to be developed in the country in next five years supplemented by around 110 logistics parks. According to a report
Real estate developer Salarpuria Group will be investing about INR 3,000 crore in 12 to 14 projects across the country. These will be a combination of residential, commercial, retail and hospitality which are in various stages of implementation, located in
Tanishq was awarded in four categories - 'Retail Chain of the Year', '360 degrees Marketing Campaign of the Year', 'TV Campaign of the Year' and 'Gold Vivaha Jewellery' in the Retail Jeweler India Award 2008. Tanishq won the 360 degrees
The Foreign Investment Promotion Board (FIPB) is planning to place Japanese drug maker Daiichi's FDI proposal to acquire stake in Ranbaxy before the Cabinet Committee on Economic Affairs (CCEA), as the proposal exceeds Rs 600 crore and hence requires CCEA
Top international real estate brokerage firms are to now sell private islands near Indian shores. Private Islands Inc, a Toronto-based private island brokerage firm, had put up Palm Lagoon — a four-acre private island in Kollam, Kerala — for sale.
