Tag: SEZ

SEZ Policy of MIDC May Not Bring The Desired End: CREDAI

CREDAI shows its doubts over the success of Maharashtra Industrial Development Corporation’s (MIDC) newly launched SEZ policy which allows more SEZ land for residential development. CREDAI said that the new SEZ policy may not bring the desired end. CREDAI’s national head Mr. Lalit Kumar Jain expressed his doubt over the success of new SEZ policy […]

SEZ Kolkata Restarted

One of the leading real estate developers in India, DLF, has been granted the NOC from the government today, thus the firm will now resume its plan for SEZ, a special economic zone in Kolkata. After a meeting of the Board of Approval which is the nodal body for SEZ-related matters, Mr. D K Mittal, […]

Tax benefits for investors

UP Government has declared some tax benefits besides simplifying process for approval of building layouts to increase SEZ investments. During the meeting, it was planned that units being set up in SEZs will get a rebate on entry tax from June 30. These units will get entry tax wavier like export oriented units. Arrangements have […]

DLF gets approval from government

The government has provided in-principle approval to DLF to denotify four of its IT, ITES Special Economic Zones (SEZ), which the company did not want to build because of the slowdown in the real estate business. However, the denotification will be subject to the condition that DLF returns all the tax benefits that it had […]

Developers may get to buy back built-up space in STPI

The department of industrial policy and promotion is considering a proposal to allow real estate developers to buyback built-up area sold in software technology parks of India (STPI) units and lease out it to other businesses. The issue came up in the last meeting of foreign exchange promotion board (FIPB), when the board took up […]

State Government Granted SEZ Status To JSW Steel Plant Project

KOLKATA: The state government has granted to a proposal for granting SEZ status to the JSW steel plant project at Salboni with specific pre-conditions, in addition to which it has approved the acquisition of 3500 acres for Aerotropolis project containing a private airport and real estate at Andal. The Cabinet sub committee on industry agreed […]

110 Logistics Parks Are Expected To Be Operational By 2012

Indian logistics industry is expected to grow at 15% to 20% per annum, reaching its revenues of $385 billion by 2015, said a report prepared by Cushman and Wakefield, which term the sector as new powerhouse for the real estate sector in times to come. As per C&W estimates, the market share of organized logistics […]

Autolite India To Enter Real Estate And Retail Segment

Autolite India established in 1970, in the field of Designing, Manufacturing and Market ing of Automotive Lighting products globally. The Company has made surprising growth in business through its innovative products at competitive prices. It is amongst few in the world who have installed Computerized Photometry Testing Equipments, CNC, CAD, CAM design and Tool manufacturing […]

Sobha Looks Forward For Slum Redevelopment

Sobha Developers, a Bangalore-based realty major focussed on residential space, is looking at diversifying its portfolio through slum redevelopment schemes and special economic zones (SEZs), retail and commercial projects. Mr. Raghav Menon, Executive director, said that the company would build an SEZ in either Tamil Nadu or Kerala. He said, “We haven’t decided on the […]

Mahindra’s Jaipur SEZ To Become Partly Operational From July

The Special Economic Zone being developed by Mahindras at Jaipur will become partly operational in July with first group of clients moving in, a top official said on Friday. Mr. Arun Nanda, vice-chairman of the company told that Mahindra Lifespace Developers, the real estate and infrastructure development arm of the USD 6 billion Mahindra group, […]

Emaar MGF and Fortis Healthcare Joint Venture

21 January 2008: Emaar MGF and Fortis Healthcare plan to form a joint venture to set up 25 hospitals across major cities in India, with an investment of Rs 1,200 crore. Main aim of this healthcare plan is to provide the features of “one-stop shop”. That’s why they have decided that hospitals will provide upper […]