Tag: Infrastructure

Iyyapanthangal Booms with Connectivity & Infrastructure

As the connectivity of the area got developed along with your infrastructure growth, Iyyapanthangal in Chennai has become one of the most favorite home destinations. Due to many supporting reasons Iyyapanthangal in Chennai has become one of the most favorite home destinations. Yet the growth of the area is mainly due to its infrastructure growth that […]

Launch of Real Estate Ratings

On Thursday, Crisil, the leading credit ratings agency, introduced real estate ratings in order to help buyers in making informed purchases so that greater transparency can be achieved. This concept of rating is launched for the first time by any Indian organization. Roopa Kudva, the Managing Director and Chief Executive Director of Crisil, told that […]

Brigade Enterprises; touching sky

Brigade Enterprises, a Bangalore-based real estate company is planning to raise an additional fund of Rs. 750 cr. Foreign currency convertible bonds (FCCBs)American depository receipts (ADRs), global depository receipts (GDRs) or placement with qualified institutional investors will be the key instruments for raising the fund. After the meeting yesterday, the company said to the shareholders […]

Seven Hotels lined up in Mumbai

Last Wednesday one of the leading hotel operators, Accor and InterGlobe, a travel corporation announced that they are establishing an investment fund for a chain of hotel assets. In the fund, both InterGlobe and Accor would hold 32% equity share. Also, according to a press statement, an affiliate of Pacifica Partners (Pacifica) will have 36% […]

Madhucon Gets $3.9 Million Nepal order

Madhucon Projects Ltd, a Hyderabad-based infrastructure company, has secured a $3.9 million order for a road project from the Government of Nepal. According to a company statement, the mandate involves upgradation of Sanfebagar-Martadi road under the road improvement project of the Exim Bank of India, Mumbai. It had commissioned its first BOT project on NH […]

Falcon Realty Planning Eco-Friendly Developments In 2-Tier Cities

Falcon Realty Services Private Ltd., which has spent twenty years in the land buying and dealing sector in India, is making its first step into development, the company has reported. The firm is currently in the planning plans of eco-friendly developments, with the development of infrastructure and support focusing around industrial hubs, it said in […]

Omaxe To Enter Into Mauritius Real Estate

After success into Dubai, real estate player Omaxe is all set to enter the Mauritian property market with a plan to develop a fifty acre residential project. The Delhi-based company has identified a project of fifty acres and planning to develop a residential township there. The land for the township is probably to be provided […]

German Bank Invests Rs 607 Crore In Trikona Projects

German investment bank SachsenFonds (SF) has bought stake in four realty projects of London Stock Exchange listed, India-focussed realty fund Trikona Trinity Capital for Rs 607 crore ($150 million). Trikona has made returns of 115% in the transaction. In the Delhi-based Uppal IT park, SF raised its stake from 8% to 33%. In the Hyderabad-based […]

HDIL Gets Government Approval For Mumbai Slum Project

The real estate developer Housing Development and Infrastructure Limited got the government approval for the popular Mumbai airport slum rehabilitation programme. Mr. Sarang Wadhawan, HDIL Managing Director said, “The tenement limit has been increased from 225 square feet to 270 square feet . As the size of the tenement has gone up, the transfer of […]

Babcock Forms India Team, Eyes $2 Billion Assets

Australia investment bank manager Babcock & Brown hopes to invest in $2 billion of Indian property and infrastructure assets within three years and has poached nine investment bankers from ABN AMRO for the task. Mr. Jaginder Singh Pasricha, executive director for business development in India, told Reuters the infrastructure specialists he pinched from the Dutch […]

Rakindo To Set Up $1.5 Billion Integrated Township

Real estate developer Rakindo Developers has unveiled its plan to build a $1.5 billion (Rs 6,000 crore) integrated township at Coimbatore. It is expected to be ready for launch by the last quarter of 2008. Mr Prasad Koneru, MD, Rakindo Developers, told that the flagship project of Rakindo Developers in the texcity will be developed […]

IBM sees strong growth in India as IT spend grows

BANGALORE – IBM Corp plans to make better growth in India as part of its strategy to improve focus on promising markets and as local companies spend more on technology to cut costs and improve efficiency, an official said on Tuesday.

IDEB Builds Infrastructure In Major Cities

The realestate and constructions company IDEB is building infrastructure in all major cities of India. This will include Bangalore, Pune, Hyderabad, Jaipur, Mysore, Chandigarh, Dehradun, Kashipur and Delhi.