Owner: Indian Realty News URL:http://www.indianrealtynews.com/ Join Date: Thu, 10 May 2007 05:28:51 -0500 Rating:0 Site Description: Indian Realty news provides news on commercial and residential properties in India along with the home and office buying information and news on latest property investment, finance and property loan and laws in India and for its various cities like Delhi, Site statistics:Click here
MWS to Develop Residential Complex in Faridabad 2007-05-10 12:10:00 Mariners Welfare Society (MWS), a Delhi based Construction Company having expertise in residential projects and offering housing solutions to the Seafaring Committee is soon to come up with its new project ‘Mariners Paradise’ in Faridabad.
The government of Haryana had separated the sectors 70 to 90 as a residential zone in 2005. On completion, the area will be included in South Delhi and will enjoy the benefits of being located in the proximity to all major residential complexes of NCR.
The area will also enjoy an array of additional advantages including schools, hospitals, shopping malls, and leisure projects.
It is very difficult for mariners to afford comfortable home for themselves especially after retirement, says Mr. H.S Anand, President MWS and an ex-mariner with a profound experience in Merchant Navy. He is also planning to start a company to minimize the obstacles of the mariners in affording their house.
Read more:Complex
Karnataka Govt. to Allot Land For Govt. Offices 2007-05-10 11:26:06 Along with launching bid to attract buyers for 408 acres of excess land reserved for the development of upcoming international airport in Devana Halli, the Karnataka
Government has also allocated 53 acres from the excess land to provide space to government departments and offices.
The space will be developed by the Karnataka State Industrial Investment and Development Corporation (KSIIDC). Customs Department, MSIL, and BMTC will set the commercial spaces here.
The remaining 355 acres will be auctioned in lots in the next 1 year. The development of the 53 acres will remain in progress along with the ongoing work on the green field airport, which is scheduled to open in April 2008.
The successful bidders at the auction will have to comply with the Airports Authority of India (AAI) guidelines to take up the development of land. KSSIIDC has already allotted about 27 acres to Karnataka State Tourism Development Corporation (KSTDC) to construct a conference hall, hotel, and other constructio Read more:Offices
JP Morgan to Invest Rs 400 Cr in Indian Realty 2007-05-10 09:27:42 JP Morgan
Property Fund, which has already invested over USD 300 million to carve out a significant niche in Indian real estate, is soon to come up with a residential project in Chennai, with the investment of Rs 400 crore.
Arihant Foundations and Housing Ltd. (AFHL), Chennai’s leading developer of world class buildings, will develop the residential property over a large area of 45 acres of land.
The company is taking up the project in a joint venture with JP Morgan.
JP Morgan has formed a 50:50 joint venture with AFHL. This leading global financial firm targets key economic centers in India to develop real estate projects along with domestic partners.
The list includes Mumbai, Bangalore, Chennai, Kolkata, Hyderabad, and New Delhi among other major and upcoming cities.
JP Morgan Asset Management, the investment arm of JP Morgan Chase, had announced the mobilization of USD 360 million from institutional and high net worth investors (HNIs) from the US, Asia, Europe, and the Middle East Read more:Realty
Home Loans – Should I Opt For ‘Fixed’ or ‘Floating’? 2007-05-10 08:43:34 The year 2006 brought a time for celebrations for all the sectors including equity, debt, commodities, and Indian real estate market. Considering the performance of ULIP, it is associated with the capital market. ULIP’s and all life insurance products are looked upon as a very long term saving product and risk cover. It is highly beneficial for the security of long term savings like retirement days and child’s education.
The year did well for home loan investors as well. The market for residential spaces has grown at 25%. With interest rates on home loan hitting the sky, borrowers are availing loans for higher tenures. Increasing real estate prices is one of the factors influencing the market growth of home loans.
While shopping for the home loans, the question which bothers people the most is whether to go for fixed rate of interest or floating interest rate. Home loans are long term loans which go over 20-25 years.
If the growth rate of 8% or above continues in future, incomes wi Read more:Loans
, Fixed
, Floating
Indian Real Estate to Lead the Global Market 2007-05-09 12:14:23 Growing the fastest in the world, property prices in India are well on their way to leave every other country behind, says the data revealed by Knight Frank and Citi Private Bank.
The real estate in India, along with those in Russia and China has increased 40 to 50 per cent in the past few years. In comparison to this, London, witness a price growth of 30 per cent in the high end segment.
Residential property prices in India are estimated to be going through the roof. Mumbai is known to have the most expensive residential properties, where an average per sq ft will cost Rs 50,000. This includes properties like the Chattan Bungalow on Malabar Hill or Sunita Apartments on Napean Sea Road, says Pranay Vakil, chairman of Knight Frank India.
Other peripheral locations include St. Petersburg and Moscow in Russia, Delhi and Mumbai in India, as well as Guangzhou and Beijing in China, says Liam Bailey, head of residential research at Knight Frank.
The prices of the most expensive properties see Read more:Estate
, Global
, Market
, Indian Real
, Indian Real Estate
DLF IPO Brings Heyday For Realty Stocks 2007-05-09 11:12:19 Since, the real estate giant DLF has got the nod for its mega initial public offering (IPOs), there has been a rush for real estate stocks on Monday.
The real estate stocks of famous construction companies including Unitech, Indiabulls Real Estate, Sobha Developers, Ansal Properties, Akruti Nirman, and Parsvnath Developers shot up speedily. However, the surge didn’t continue for the whole day and the prices came down in the later half of the day.
Unitech emerged as the only gainer who ended by 4.74 per cent or Rs 20.05 to Rs 443.45 while Indiabulls Real Estate slipped down by 3.84 per cent to Rs 351.40. Parsvnath Developers stocks traded down 1.19 per cent to Rs 308 and the stocks of Sobha Developers were down by 1.12 per cent to Rs 854.85.
Experts see the recent drop in prices bringing great investment prospects for real estate investors. The investments made in commercial sector over the past few months imply bright future for Indian real estate. However, residential sector may tak Read more:Realty
, Stocks
Tier II and Tier III Cities Wooing BPO Firms 2007-05-09 09:29:42 Sky hitting property prices, capacity constraints and lack of manpower are pushing business process outsourcing firms to expand their horizons to tier-II and tier-III cities.
Nearly 95% of the IT outsourcing activity (both domestic and international) is concentrated in the six tier-I and tier II cities. Now, cities such as Chennai, Hyderabad, Pune, and tier III cities like Jaipur, Chandigarh, Mysore and Ahmedabad are to make the mark in BPO sector, says the data showcased by India Executive Report 2007.
High salaries, vibrant work culture and environment are the main highlights luring more and more people to look forward to BPO jobs. There is 15-20 per cent rise in salaries over the past three years and they are expected to continue to rise.
Contrary to what has been the earlier selection criterion, call centers are now hunting for the skilled workforce and expect to find it in other cities.
The talent base in metros is saturating whereas there is a large pool of skilled people in Read more:Cities
Metros Witnessing a Surge in Commercial Realty 2007-05-09 08:35:25 Commercial real estate in India continues to extend its exposure to IT/ITes and BPO sectors. Of 10.5 million sq ft, around 6.7 million sq ft is believed to be earmarked for IT specific projects in Noida and Gurgaon.
Rental and capital values are likely to appreciate if shortage of ready supply and high demand are to be taken into account. Properties in Gurgaon and Connaught Place have witnessed a 25% increase in sale and rental values over the past three months.
Kolkata
The emerging areas in Kolkata including Rajarhat and Salt Lake sector V have seen a fresh supply of approximately 1.35 million sq. ft. Interestingly, the entire space is absorbed, so vacancy rates in the city are as low as 5% presently.
Indeed, real estate developers in Kolkata are planning to bring some campus developments in Bantala, a suburb in the north of the city. A 130 acre IT Special Economic Zone (SEZ) is soon to come up in the city. A multitude of companies have lined up to acquire land in Bantala. The l Read more:Realty
, Surge
, Commercial
Govt. Efforts to Stifle FDI 2007-05-11 12:34:54 In an effort to incorporate foreign direct investments (FDI) norms in Indian Real estate, the government is entangling itself in micro-regulation that runs the risk of curtailing the flow of such investments.
The restrictions including minimum project size concerning the area and a lock-in-period were imposed to keep out speculative foreign capital. However, they overlooked the fact that real estate companies could be listed. The government has now decided to bar construction companies from issuing depository receipts (ADRs or GDRs).
All foreign investments coming through the route of GDRs and ADRs will be regarded as FDI. Such an investment amount will be liable to a three year lock in, in the case of real estate companies.
There is a need to balance the requirement for large investments in real estate sector and the fear of an asset price bubble. These fears are baseless if it is a case of large and experienced listed companies. This is because the foreign money is never closely iden
Fort Group Bags Ultadanga Project 2007-05-11 11:46:23 The Fort Group
, a prestigious real estate company in Kolkata, won the project for development of a commercial complex and a mall over an area of 5.93 acre plot in Ultadanga, owned by the Calcutta Metropolitan Development Authority (CMDA).
The authority also has plans to take up a multitude of other construction projects with private partners, on its land in Kolkata.
The Fort Group will pay Rs 75 crore as compensation for the land and take up responsibility of relocating 160 families living in a ‘rickety’ estate that now stands at the site. The residents of the estate will be shifted in flats to be built by the Fort Group, informs P.R. Baviskar, CMDA chief executive officer.
There were several prominent builders bidding on the lucrative contract. The list includes the names such as Paharpur Cooling Towers (Rs 57crore), South City group (Rs 55crore), Salarpuria group (Rs 35.51crore), BMW Industries (Rs 10.67crore) and Mumbai’s Unity Infrastructure (Rs 3crore). Beating all to punch, Read more:Project
Height of Land Acquisition Terror in West Bengal 2007-05-11 11:20:16 A technical exercise to fine tune the instrument landing system (ILS) installed at Kolkata airport to ensure smooth operations of flight in low visibility, sparked terror at Deganga and Amdanga 30 km away.
A small aircraft which was repeatedly flying over the area at a low altitude perplexed the villagers, giving them an obscure idea that industrialists were on board the aircraft to search for land. At stake was their rich, which the government is planning to acquire for the development of the Barasat-Raichak Expressway. The violence that followed was unexpected.
When the aircraft returned on Thursday morning, panic turned into anguish with villagers taking to the streets in protest. The message was loud and clear that people were rejecting government plans of development at the cost of their land.
On being informed of the violence, the district magistrate Prabhat Kumar Mishra was stunned and claimed to have no prior information about such an aerial survey. Since a low-flying plane Read more:Height
, Acquisition
, Terror
, Bengal
Property Taxes Go Up in Pune Cantt 2007-05-11 08:20:03 The Pune Cantonment Board (PCB) has hiked the residential and commercial property taxes of all houses and establishments in Pune Camp.
PCB chief executive officer (CEO) S.K. Sardana told that the measure would help to increase the board’s revenue by 10-12 percent during the fiscal year 2006-07 . Property tax rates in Pune cantonment were last revised in 2003.
According to the new rates, domestic property tax will go up by 10 per cent and commercial establishments tax by 20 per cent. This will affect more than 15,000 households and around 8,000 commercial establishments.
The revision, termed as the final assessment revision, will be operational for the three-year period starting from April 1, 2005 and lasts till March 31, 2008.
During 2005-06, the PCB had accumulated property tax revenue to the tune of Rs 4.80 crore. The board is hoping for a Rs 30 lakh increase in 2006-07.
Source from Times of India
Read more:Taxes
Himachal Property Market Sees Rs 850 cr Investment 2007-05-16 11:36:29 With registering an investment of Rs 850 crore, the real estate in Himachal
Pradesh is all set to raise the bar of performance a notch higher.
The state government has enacted laws relating to HP Apartment and Property Regulation Act 2005. According to new guidelines, the real estate is now opened for private sector. Interestingly, the government has got an overwhelming response from leading players that are keen to invest in Himachal Pradesh real estate, says state Housing Minister Harsh Mahajan.
Himachal Pradesh Urban Development Authority (HIMUDA) has been playing a critical role in providing comfortable houses at cost effective rates. So far, the authority has constructed around 1,500 housing units in the state. Also, the construction work for 10,000 units is in progress and 2,500 more are planned to come up soon, adds the minister.
The borders areas of the state continue to see strong demand for residential units. Also, there is a heavy investment flow here. Thanks to the new indu Read more:Market
Developers Feeling the Heat of Falling Property Prices 2007-05-16 09:28:05 With real estate prices going downside after a long bull run and consumers postponing property buying decisions, developers could see their profit margins shriveling by half, says the data revealed by a new report by multinational broking firm First Global.
The report also forecasts a 15% drop in residential properties in India, which is in line with what industry watchers say. The profit margins can slip to 22% in 2007 because of soaring interest rates on home loans whereas the previous years had brought a merry-time for developers as they witness a jump from about 13% to about 40%.
Also, investors are putting themselves off from the realty sector thereby reducing the number of buyers and increasing the pool of sellers, say Hitesh Kuvelkar, associate director (research) for First Global.
Residential property makes for around 75% of the property market and is an area of interest for most builders. The expansion plans of the developers can lead to an oversupply of houses in some markets Read more:Developers
, Feeling
, Prices
MDLR Planning Rs 1000 cr Luxury Hotels 2007-05-16 08:43:49 Considering to cash on a serious shortage of hotel rooms in the Capital and near by areas along with demand appearing to outstrip supply, several new players from hospitality industry have lined up to set up hotels. The latest to join race is Gurgaon based MDLR Group which is planning to develop four luxury hotels with a proposed investment of Rs 1,000 crore over next three years.
The group has chosen Manesar, Gurgaon, Shimla and Jaipur as its ideal locations to set up hotels. The land for two hotel sites in Gurgaon and Manesar were acquired in 2006 from Haryana State Industrial Development Corporation (HSIDC), says Gopal Goyal, Chairman, MDLR Group.
The Gurgaon hotel will come up over an area of 11 acre. The land is believed to have a market value of Rs 350 crore which is almost double of the value that it was bought at. It has all been possible because of soaring property prices.
The development work of Shimla hotel will begin in the next three months, for NCR properties, the group i Read more:Luxury
, Hotels
NO Buyers for Hotel Plots Auctioned by DDA 2007-05-16 07:39:07 DDA has not been able to woo a single buyer for any of nine hotel plots put for sale on Tuesday. Hotel
developers are showing the least interest and finding cites to be located at unattractive places. The auction concluded a two day effort by the land holder to sell 19 plots, of which only three were sold.
What is putting off the prospective buyers from buying the plots is DDA’s poor choice of location, according to a poll of hoteliers. Considering the same, some of the plots were being priced as low as Rs 14.15 crore for about a third of an acre, or about Rs 33 crore per acre.
The plots are located in the areas including Rohini, Dwarka, and Mayur Vihar and in other secondary areas of Delhi. The authority’s failure to sell the hotel plots has raised questions regarding the government’s ability to accomplish its target of 30,000 additional rooms in the Capital by 2010. This seems to have discouraged the tourism ministry which is completely counting on DDA and other hotel agencies Read more:Buyers
, Plots
Home Loans - No More Doing the Borrowers’ Way 2007-05-15 11:36:36 In an effort to secure books amid soaring interest rates and increasing frauds, banks have decided to come up with new guidelines in home loan agreements. However, these new clauses are believed to cripple already suffering borrowers who are struggling with their budget to pay higher Equated Monthly Installments (EMIs).
Some banks are no more lending fixed rate loans beyond a few years whereas a few have set an early reset clause. There are a few banks which are insisting on a lock-in-period during which a switch from fixed to floating rates is not possible.
Floating rates have been continuously rising and have increased by three to four percentage points over the past 18 months to 11.5-12%. This encouraged the home loan borrowers to look towards fixed rate loans despite a higher rate.
As the name signifies, a fixed rate loan protects the borrower against the risk of increasing interest rates. But a reset clause will enable banks to charge a higher rate at the time of reset in case in Read more:Loans
, Borrowers
Deyaar Signs MoU with Ansals 2007-05-15 09:15:22 Deyaar, the fastest growing construction company in Dubai, has recently signed a Memorandum of Understanding (MoU) with Indian real estate major Ansal API to develop a mixed use Township in India that will cater to commercial, residential, institutional, and industrial properties in the country.
The joint venture will render Deyaar an opportunity to bring its international expertise to complement Ansal’s established rapport in property development and vast knowledge of the local market and regulations.
The move will further strengthen the expanding economic relationship blossoming between India and UAE. For Deyaar, the project has come at an opportune hour. Also, the company is in a look out for scaling up its presence in promising property markets. What could be better than Indian Real Estate!
Ansal Properties and Infrastructure Ltd. (APIL), is one of the leading contruction companies in India. The company has managed to accomplish consistently high levels of proficiency over the
REIT Enters Into Joint Venture to Invest in WB 2007-05-15 08:23:13 The real estate dynamics of West Bengal are changing at a fast pace. Recently, a London based real estate player REIT Asset Management has teamed up with an NRI entrepreneur to invest a whopping $20 million to develop two mini-townships.
REIT plans to create $1bn assets in India over the next three years, has entered into a joint venture with Eden Realty Venture
s Private Limited, lord over by US based Indrajit De, to establish various real estate projects at Bonhooghly in North and Maheshtala in South in greater Kolkata area.
Both of these projects will involve a cash investment of $20m in addition to collaterals for bank finances, says Sachchidanand Rai.
REIT has also settled on three other real estate projects in India out of 140 proposals. Of these three, two are to be developed by the company itself, explains Rai.
The projects will help the company to carve a substantial niche in India and blossom its relation with the state and the city. Also, Eden Realty Ventures Private Limited Read more:Joint
Sobha Developers See High Growth for Fiscal Year 2007 2007-05-15 07:30:58 Sobha Developers
, a leading real estate developer in Bangalore, sees a 69.58 per cent jump in its quarter four net profit for the current fiscal year at Rs 61.90 crore on a turnover of Rs 358.90 crore.
The company has shown a significant improvement over the corresponding figures of the previous fiscal year. In 2006, it was Rs 36.50 crore net profit and Rs 196.50 crore turnover, as per the data released by the company’s press release.
The year 2007 has brought this construction giant great joy as the company had reported a turnover of Rs 1189.30 crore up to 89.59 per cent with the net profit shooting up by 82.49 per cent to touch Rs 161.50 crore.
Assuredly, as the Company managing director JC Sharma was asked the secret of success, he beheld an expression of ecstasy and gave the entire credit to their continuous focus on superior quality products and customer satisfaction.
Sobha Developers is also looking forward to expand its horizons in new markets in different cities across the co Read more:Sobha
, Growth
Understanding Retail Real Estate 2007-05-18 13:19:22 The mall mania seems to have captured the entire India. The ability of a real estate developer to recognize and come up according to ever-changing consumer and market trends is a key to be successful in retail real estate.
To keep up pace with the stiff competition in retail market, the builders are planning specialty malls that enjoy a higher conversion rate as they cater to specific needs of consumers.
Since, retail is such a component which possesses great potential to push property values of the overall development, many shopping malls are being given shape as part of residential development.
Of such an unorganized sector, the organized retail real estate has been growing by leaps and bounds for the past few years. From a mere miniscule 0.9 million sq. ft. in 1999, it shot up to 28 million sq ft. Interestingly, industry connoisseurs expect it to grow to 143 million sq ft. by 2009-10.
Indian Retail
Sector is attracting large interests from foreign players whose entry can put the s Read more:Understanding
, Estate
, Real Estate
HSBC Offers New Banking Solutions for NRIs 2007-05-18 11:55:13 With an increase in banking transactions between India and the US, HSBC Bank unveils new breakthrough solutions for Non resident Indians (NRIs) to smoothen out banking transactions for them.
In addition to providing a variety of US and Indian deposits, mortgage and investment products, the new products also include a series of benefits for NRIs to make cross-border transaction easier.
HSBC Bank (USA) will be providing assistance to NRIs in the US in opening account with the bank’s India unit.
At present, HSBC has a large customer base including 160,000 NRI customers between India and the US. New solutions devised by HSBC will help the NRIs in banking transactions in both the countries, says Manasije Mishra, Senior Vice President and Head NRI Services, Personal Financial Services, HSBC India.
The list of benefits for NRIs will take several significant things into account. Important of all will be assistance in free remittances to HSBC India from the US at low exchange rates by US doll Read more:Offers
Foreign Developers Bullish on Properties in Tier II, III cities 2007-05-18 10:55:06 Real estate in Metros is moving at snail’s pace. As opposed to this are the tier II and tier-III cities witnessing rapid development in wake of new real estate projects lined to be built by foreign developers who are bullish on Indian real estate but want to trap smaller cities.
Recently, Emaar Group, a leading real estate company in Dubai, has signed an equal partnership contract with Delhi based MGF to develop projects worth $4 billion in India. The companies have decided to come up with the construction in emerging property markets such as Hyderabad, Mohali, Ludhiana, Jalandhar, and Chandigarh.
Madhya Pradesh saw its first lot of foreign direct investment with a launch of Silver Springs’ residential township in Indore which is being jointly promoted by Fire Capital Fund Pvt Ltd, based in Mauritius and the M Jhaveri Group.
Prozone Enterprises, a subsidiary of the retailer Provogue India, has acquired major stakes in special purpose vehicle (SPV) floated by Hagwood Commercial Deve Read more:Foreign
, Developers
, Bullish
, Properties
Most Expensive Real Estate Market in the World 2007-05-18 09:28:06 The list of cities that top property price chart reads as follows: London, Monaco, New York, Hong Kong, Tokyo, Cannes, St. Tropez, Sydney, Paris and Rome.
As signified by the list, London has emerged as the most expensive real estate market of all with prime property registering a cost of 2,300 pounds per square foot. The increase in the region is believed to be more than 14% on an average in 2006 as compared to 9% rise for the mainstream properties in the market.
It is followed by Monaco with 2,190 pounds per square foot.
Rising property prices in London imply that many people can sell properties here, buy a bigger property overseas and still have a scope for change.
New York comes close to third position with an average rate of 1,600 pounds per square foot. Property prices in this city have soared at an unbelievable rapid pace over the past few years, surpassing many other foreign destinations.
The fourth position has been grabbed by Hong Kong with 1,230 pound square foot.
The data Read more:Estate
, Real Estate
, Market
, World
Real Estate Witnessing “Notable Downward Trend” 2007-05-18 08:24:36 After growing by leaps and bounds, Indian real estate is witnessing a downfall. Coupled with soaring interest rates on home loans and unaffordable property prices, potential buyers and investors are putting themselves off the market.
Indian realty has gone into deep freeze with more than a 50% drop in actual property deals in the past two months, as watched by real estate developers and industry connoisseurs.
And, all this has forced the developers to bring a significant drop in rates to give a push to demand and woo more property buyers. The property prices in India has fallen by 5 to 10% across edge suburbs like Kharghar, in Navi Mumbai, Greater Noida in the National Capital Region and Bangalore’s Hosur Road.
As the real estate is sliding and property rates stagnate, it has sent shivers among developers who are finding it difficult to hold the price line. Cheaper land also allows them freedom in fixing more profit margins. However, they are now focusing to withstand prevailing real Read more:Estate
, Real Estate
DSK, YCPL to Introduce New Housing Concept in Nashik 2007-05-18 07:47:28 Despite all ups and downs, Indian real estate is making rapid strides and attracting more and more property developers to come up with new real estate projects. The latest addition has been scheduled to give a booster dose to residential property in Nashik, the ‘Wine Capital of India”.
Pune based DS Kulkarni Developers Ltd (DSK) and Nashik based Yashashree Constructions Pvt Ltd (YCPL) have joined hands to develop an exclusive residential project in the city.
Based on ‘no common wall’, the complex boasts to be first-of-its-kind in Nashik and will come up near Kamathwade in the city. Involving an investment of Rs 11 crore, the project is to be constructed over an area of 38,000 sq ft.
The complex will have 42 flats in 2 BHK and 3 BHK categories, measuring from 1,270 sq ft. to 1,650 sq ft. Also, no flat will be sharing walls with the other. There will be guest rooms and the servants’ quarters. The cost of each flat will range between Rs 24 lakh and Rs 27 lakh.
Envisaging expan Read more:Housing
, Concept
Farmers Vow Not to Let the State Grab Their Land 2007-05-17 11:24:10 Earlier, it was Nandigram where the construction of Special Economic Zone (SEZ) has provoked a firestorm of debate and protest.
Now, farmers from Wagholi, Kesnand and Bakuri are planning to organize a remonstration to the office of the district collector on Monday. It is against the land acquisition for the proposed SEZ by Videocon.
Farmers have strongly criticized NCP President Sharad Pawar and Pune guardian minister Ajit Pawar for giving a nod to the SEZ proposals in Pune district. The decision to take up a protest was taken in a meeting of over 1,000 farmers held at Shankar Parvati Hall in Wagholi on Wednesday.
The meeting was addressed by Maharashtra Navnirman Sena’s Pune unit chief Vikram Boke, Shetkari Sanghatana state unit chief Raghunathrao Patil and former MLA Kumar Saptarishi.
NCP MLA Vilas Lande asked farmers not to throw baseless allegations against the Pawars. He also assured farmers to take steps in their favor.
“We will not allow any land acquisition in our village Read more:State
Adidas with Its New Retail Endeavor in India 2007-05-17 09:18:16 Sports goods maker adidas is set on a new retail course with the launch of a retail university named as ‘AdidasRetail
University (aRU)’.
The university envisages developing a generation of excellent retail professionals in India
. Based on a global retail training programme, aRU will offer a multi tier training programme with an aim of nourishing skills of all front-end sales staff to deliver the best shopping experience to customers at adidas exclusive stores spread in more than 70 cities.
As such, adidas is one of the most recognized sports brand in India, surpassing some of its business competitors in terms of revenues. In an order to maintain the same rapport, the company sees retail expansion as one of the major factors for the continued growth and consumer acceptance of the adidas brand in India.
Adidas has recognized the trend by offering retail training to its franchisees and store staff in the past.
With the set up of a university exclusively to provide training to its sta Read more:Endeavor
Hosur - Realty Contours of an Emerging Boomtown 2007-05-21 13:15:24 Hosur, a town in Krishnagiri district in the Indian state of Tamil Nadu, has become a magnet for multi national companies which have fuelled the rise in property price in this small town.
Located at a 30 minute drive from Electronics City, Hosur is home to IT majors like Infosys and Wipro. The place has emerged as one of the top investor’s choice for real estate investments.
Real estate in Hosur can flourish at the same pace as it has been in cyber cities such Noida and Gurgaon. Hosur has been developed in a comparatively clean ambience offering excellent connectivity to major locations through a fine network of roads.
Far from the maddening crowd, pollution, traffic, noise, Hosur has everything that developers and residents desire. Residential property in Hosur is available at a very economical price when compared to Bangalore and most importantly, the place has a very high appreciation potential. A stylish vacation villa in Hosur costs anywhere between Rs 29 lakh upwards.
Increas Read more:Hosur
, Realty
Vacancy Levels Remain High in NOIDA 2007-05-21 11:43:47 The commercial property market in Noida is seeing a slide in price, bucking the trend in the National Capital Region (NCR). However, this suburb near Delhi, has recorded a high vacancy level of 26.2% for its Grade A commercial buildings, or office space, in the first quarter of 2007.
Addition of large chunk of commercial space has given a boost to the commercial property in Noida, as per the data compiled by real estate consultant Jones Lang LaSalle. Around 1.2 million sq ft of commercial space had been added to the existing supply of 2.86 million sq ft. in Noida.
Noida has certainly undergone a difficult to fathom… transition. For that reason, property developers could have dared to bring big establishments here. Also, the city is growing by leaps and bounds in retail sector. Builders prefer to lease to one large conglomerate than to many small companies. Despite all this, there are potential tenants who complain of not getting apt space to set their operation centers, even though v
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