Property News from IndianRealtyNews

Property News from IndianRealtyNews

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Ambuja to Build City Center Mall at Siliguri

Posted: 25 Aug 2010 03:35 AM PDT

Buoyant over the success of its multi-utility commercial property projects City Centre-I (at Salt Lake) and City Centre-II (at Rajarhat), Ambuja Realty has now come up with its third City Centre, this time round at Siliguri, on the foothills of the picturesque of Darjeeling district. More importantly, it has lined up three more City Centres [...]

Wal-Mart and Carrefour Ask Govt to Allow 51% Foreign Investment in Multi-Brand Retail

Posted: 25 Aug 2010 01:08 AM PDT

Two of the world's top retailers, Wal-Mart and Carrefour, vying for a cut in India's organized retail pie, have asked the government to allow up to 51 per cent foreign investment in multi-brand retail. India allows 51 per cent foreign direct investment (FDI) in single-brand retail and 100 per cent FDI in cash-and-carry or wholesale [...]

Prestige Group to Come up with Premium Residential Project in Bangalore

Posted: 25 Aug 2010 01:07 AM PDT

The Prestige Group has launched a premium residential project — Prestige Silver Oak — in Whitefield, Bangalore. Spread across 17 acres, the project comprises 146 independent villas and 32 low-rise apartments and is set amidst scenic landscapes. According to the company, the project is all set to give a new meaning to luxurious living in the [...]

Globevill to Develop Largest Township Project in Chennai

Posted: 25 Aug 2010 12:57 AM PDT

ETA Star, an offshoot of ETA Ascon Group, in association with the state-owned Tidco, has launched — Globevill, which is said to be the largest integrated township development in Tamil Nadu. To come up on the Chennai-Bangalore National Highway and located close to Sriperumbudur, the hottest industrial hub around Chennai, Globevill is spread over 350 [...]

Indospace Plans to Spend Rs 500 cr in Developing an Integrated Logistics Park

Posted: 25 Aug 2010 12:39 AM PDT

Indospace Logistics Fund, part of the Sameer Sain-promoted Everstone Capital that invests in logistics and industrial real estate, plans to spend around `500 crore in developing an integrated logistics park in the National Capital Region, according to people familiar with the development. Indospace Logistics is currently talking to FWS, a Delhi-based logistics developer, to build [...]

Govt to Allow Foreigners Set up LLP in Sectors where 100% FDI is Allowed

Posted: 25 Aug 2010 12:35 AM PDT

The government may soon allow foreigners to set up limited liability partnerships in sectors where 100% foreign investment is allowed, taking a decisive step after much flip-flop over funding guidelines for this form of business organisation, favoured globally for its flexibility. The department of industrial policy and promotion (DIPP), the nodal agency for foreign investment [...]

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