Tag Archives: Amp

Five Realty Firms Submit EOI For Five Star Hotel

July 10, 2008 – 5:33 am

Five major realty companies including B L Kashyap and Sons are going to bid for developing a Rs 100-crore Five Star hotel in Bathinda, Punjab.

The other three companies which have shown interest in the project are Chalet Hotels Limited, Ashiana Homes and Spirit Global, informed an official of PIDB.

Punjab State Electricity Board (PSEB) through Punjab Infrastructure Development (PIDB) had intended to develop a five star hotel project in Bathinda under Public Private Partnership format on BOT (Build Operate Transfer) basis. IL&FS Infrastructure Development Corporation (IDC) is the project development advisor to Punjab government.

Proposed to be developed on 3.10 acres of land, the scope of the developer would include planning, designing, engineering, financing, construction, marketing, operation and management of hotel facility and recover the investment by earning revenues through various revenue streams.

The technical evaluations of the companies are expected to be complete in a week’s time. Thereafter they would be asked to submit their proposals in detail.

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LnT To Build Rigs, Semi-Submersibles, FPSOs

May 15, 2008 – 4:56 am

Engineering and construction major Larsen and Toubro today said it would build assets for the offshore segment that is facing shortage of assets.

L&T, which has a base in Oman, plans to build jack-up rigs, semi-submersibles and FPSOs (Floating Production and Storage Offloading vessels) for the offshore segment in Oman. Read More »

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Realty Is Facing Prices Fall

May 12, 2008 – 5:41 am

The transaction level has gone down drastically in various markets. It has resulted in price fall in realty market. This is also because residential capital values in some micro markets in the metros have shown a negative growth in the last 3 months. After tracking capital values in metros such as Mumbai, Chennai, Bangalore as well as Pune and the National Capital Region (NCR), the result was that either there has been a fall in prices of residential values or they have not increased in the last three months. In fact, places like Gurgaon have seen a down of 15 percent, while the plot rates have come down by 20 percent in Noida. In Greater Noida, the plots which were selling at Rs 55000 to 60000 are now available for Rs 40,000 to Rs 45,000. In Indirapuram, rates of flats have come down to Rs 2500 to Rs 2700 per square feet from Rs 3000 to Rs 3200 per square feet. Read More »

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More Realtors Check Into Hospitality

May 9, 2008 – 4:13 am

Fearing a supply glut in the housing and commercial property markets, real estate companies are pinning hopes on the booming hospitality sector.

It’s not that the trend has just set in. It has certainly gained momentum of late, with practically every developer announcing hospitality projects. Read More »

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