INRnews - Indian Real Estate News
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- Accor to develop hotels in India | INRnews
New Delhi, November 30, 2006 : As part of its global development strategy aiming at opening 200,000 new hotel rooms by 2010, of which 60% in emerging markets, Accor has signed today significant partnerships that trigger a major expansion in India. This expansion plan covers the full spectrum of the hotel market in India, including budget Formule 1 hotels, economy Ibis hotels, mid-market Novotel hotels and upper-upscale Sofitel properties.
Thu, 30 Nov 2006 22:42:02 +0800 - Pune commercial real estate market spreads out | INRnews
Pune, November 16, 2006 : Pune has changed significantly and evolved as a dynamic Tier II business destination in the last 2-3 years. With growing decentralization, the original CBD of Camp, Bund Garden Road, Dhole Patil Road, Station Road and RTO have given way to multiple emerging micro-markets like Kalyani Nagar, Senapati Bapat Road, Mundhwa, Aundh, Baner and Yerwada.
Thu, 16 Nov 2006 19:44:12 +0800 - India's retail revolution begins | INRnews
Hyderabad, November 15, 2006 - If India's much anticipated retail revolution has a start date, it could well be the first week of November 2006. On November 3, in a classic RIL move marked by scale and ambition, Reliance Retail launched 11 Reliance Fresh retail outlets simultaneously in the southern Indian city of Hyderabad, firing the first salvo in what will be a keenly contested battle to win a huge prize - nothing less than the wallets of Indian consumers!
Wed, 15 Nov 2006 17:32:43 +0800 - Cognizant to invest Over $200 Million in India real estate expansion | INRnews
Teaneck, NJ – November 2, 2006 – Cognizant Technology Solutions Corporation (NASDAQ: CTSH), a leading provider of IT services, today announced plans to further expand its infrastructure in India through an expansion of its existing real estate development program. As part of this program, Cognizant plans to develop state-of-the-art techno-complexes and expand its infrastructure in five cities – Chennai, Coimbatore, Hyderabad, Kolkata and Pune.
Thu, 02 Nov 2006 06:57:36 +0800 - IBM Launches SOA Development Center in Pune | INRnews
Pune, November 01, 2006 : IBM (NYSE: IBM) announced the opening of two new development centers located in Beijing, China; and Pune, India. These SOA Solutions Centers will develop, manage and deliver industry-specific business services that solve some of the most pressing business issues facing IBM clients. As a result, these centers will serve as the foundation of a new, globally integrated model for delivering SOA-based services.
Wed, 01 Nov 2006 06:50:42 +0800 - Pune to allow high-rise buildings | INRNews
Pune, October 29, 2006 : In a welcome move, the Pune City Improvement Committee (CIC) has decided to allow high-rise buildings with a maximum height of 100 metres. The move will help ease the demand for residential and commercial real estate as developers build higher, and also keep price inflation under control.
Sun, 29 Oct 2006 18:05:05 +0800 - Spencer's - a leading supermarket brand in India
Chennai, September 28, 2006: Spencer's is fast emerging as a key retail brand in the country. The 80-store supermarket chain, part of the RPG group, is comprised of 7 hypermarkets each occupying more than 35,000 sq.ft, 3 supermarkets up to 15,000 sq.ft, and 70 Daily stores between 4,000 to 7,000 sq.ft where consumers can purchase fresh produce, frozen products, bakery products, groceries and other daily requirements.
Spencer's Retail plans to open Spencer's Dailies in Pune, Hyderabad, Trichy and Bangalore. According to the company, in October it will open one new store every two days.
Thu, 28 Sep 2006 08:11:26 +0800 - Real estate prices rise in Pune - IT sector drives increase in areas near Hinjewadi
Pune, September 26, 2006: Real estate services firm Cushman Wakefield has reported that real estate prices in Pune have risen by 10-25% in a year overall and by as much as 50-70% in select areas. Growth of the IT/ITES sector has been driving up prices particularly in areas near the Hinjewadi IT park.
Tue, 26 Sep 2006 20:19:55 +0800 - Pune to house new Volkswagen plant
The city of Pune has bagged a major manufacturing project - auto major Volkswagen is to locate its new car plant at Chakan outside the city. The company has been given approval for 400-acres of land for the manufacturing site to be handed over by November.
Mon, 11 Sep 2006 15:09:43 +0800 - Citigroup to invest in Indian real estate
Citigroup Property Investors will partner with Gera Development in a $125 million real estate project in Pune. The residential development would include construction of 600 apartments, a country club and a hotel according to Rohit Gera, executive director of Gera Development. The project will be completed in four years time.
Tue, 05 Sep 2006 23:14:20 +0800 - IVR Prime to aggressively develop real estate projects across India
IVRCL hopes to execute real estate projects across the country,including townships, residential estates, golf courses, shopping malls and hotels, in the next four years. The estimated cost - Rs.6000 crores.
Mon, 04 Sep 2006 20:10:27 +0800 - Prime Property acquires real estate in Mumbai and Pune
Prime Property Development Corp has purchased real estate in Mumbai and Pune that it hopes to develop commercially.
The Mumbai property on SV Road, Goregaon, can be developed into 35,000 sq.ft. of retail space, while the Pune property in Pimpri-Chinchwad can be developed into a retail and hospitality destination covering more than 400,000 sq.ft. of space.
Tue, 29 Aug 2006 12:59:07 +0800 - Government of Maharashtra and Bharat Forge join hands to set up a multi-product SEZ in Pune District
Project to generate 120,000 new jobs.
Bharat Forge Ltd. (BFL), India’s largest manufacturer and exporter of automotive components today signed a Memorandum of Understanding (MoU) with the Government of Maharashtra to jointly develop a multi-product Special Economic Zone (SEZ) in Khed Taluka of Pune District.
Sat, 26 Aug 2006 19:07:50 +0800 - Technical clearance obtained for airport in Navi Mumbai
Civil Aviation Minister Praful Patel has told the Rajya Sabha that the International Civil Aviation Organisation (ICAO) has recently communicated to the government that it was technically feasible to set up a new airport in Navi Mumbai.
Tue, 22 Aug 2006 22:04:01 +0800 - Pune transportation move to LNG proving painful
Pune needs more LNG filling stations. 15,000 vehicles that are today running on gas have only five filling stations to meet their refilling needs. The result is enormous queues, frayed tempers and diminishing enthusiasm for going green. Fingers point to government delays in approval of new filling stations with red tape being longer than the queues. Also the requirement of stations to have a minimum space of 10,000 sq.ft is proving difficult to achieve given the acute shortage of available real estate within the city centre. The local govt. has to do more and quickly if Pune is to redeem itself as an erstwhile green lung.
Mon, 07 Aug 2006 10:05:23 +0800
