Welcome to CREDAI NCR
The Hindustan Times
TDI Infrastructure Limited (TDIL), announced the launch of its two premier projects – the high-end lifestyle ‘Kingsbury Terraces’ and the affordable luxury ‘Urban Farms’. While ‘Urban Farms’ comes with a price range of Rs. 2.75 crore onwards and will have limited edition villas to choose from.
MOREBusiness Standard
Golden Gate Properties Limited, a Bangalore-based realty developer, launched Commune – a Rs 500-crore self-contained residential township project – in Hyderabad on Friday. The company had launched its first Commune project in Bangalore in August 2008.The project comprises 3,500 apartments with two-bedroom, three-bedroom and duplex options. The price starts from Rs 19.9 lakh for a living space of 960 sft.
MOREThe Economic Times
Targeting the opulent NRGs (non-resident Gujaratis) and epicurean professionals, a residential project is taking shape in the heart of the city. Offering the finest in luxury and located in one of the premium residential zones, the project Sun Divine-2 offers apartments that are at a stone-throw distance from the city’s entertainment and shopping hub. The 40 units of 4BHK hi-end luxury apartments, being built in two blocks, would be ready for possession by December 2009. City-based developers Sun Builders has priced each unit at Rs 60 lakh.The property is being built on a premium plot of land that the builder had acquired in 1993.
MOREThe Hindu Business Line
INC Developers, a group that has designed and built several estate homes in San Francisco and the Bay Area, is collaborating with Pune-based Amar Builders to build super luxury homes at Baner. A Rs 100-crore project, Manhattan comprises 18 residential units in a single building that will conform to Leadership in Energy and Environment Design (LEED) principals. Each of the apartments, with an area of 6,500 sq ft on a single floor and an in-house swimming pool, has been designed to have three zones – entertainment, living and service.
MOREBusiness Standard
High-level team of Dubai-based Tecom, which is partnering the Kerala government for SmartCity, is arriving here next week to sort out various issues pertaining to the project.Though the foundation stone for the project was laid a year ago, civil work is yet to begin. Moreover, it is alleged that Tecom is trying to delay the implementation due to world economic turmoil. The proposed land for the project is divided by a river and, therefore, requires two separate approvals for SEZ status. Currently, the project has SEZ status only for 134 acres. The approval for the other 100 acres of Brahmapuram land, which has Kerala State Electricity Board's installations, is pending with the Centre.
MOREThe Financial Express
Parsvnath Developers, a real estate and construction firm, has formed a joint venture with Spain's Constructora San Jose S.A. to bid for infrastructure work in India. Constructura San Jose is a unit of Spain's infrastructure development company Grupo San Jose. The equal joint venture will undertake large construction contracts in the country which includes elevated highways, metro, the monorail and large construction contracts.
MOREThe Economic Times
Realty firm Sahara Prime City said it would raise Rs 2,000 crore in the next 12-18 months to part fund development of 217 integrated townships across the country. The company, which is planning to invest the amount in the first phase of the plan that will see development of 102 townships, is looking at both debt and private equity investments to raise the fund. The move by the firm follows consolidation of real estate business of the Sahara Group under it as the holding company.The company is open to selling stakes at both company or project level. It is also in talks with global developers to form joint venture for townships development.
MOREThe Economic Times
National Affordable Housing and Infrastructure Ltd - formed by promoters of Omaxe to provide low-budget homes - said on Friday that it would launch five projects in January next year. These projects would come up in Indore, Raipur, Bhopal, Bareilly and Allahabad. The prices would be in the range of Rs 2.99-9.99 lakh per housing unit.
MOREThe Hindustan Times
Vipul World — a 109 acre integrated township — on Ferozepur Road, Ludhiana, was recently inaugurated. This township will be developed by Vipul Ltd. The township will comprise plots, lifestyle villas, premium apartments, a high-end commercial complex, a shopping arcade and a ultra-modern facility ¦ equipped club house.
MOREThe Economic Times
Titan Industries has plans to open 300 retail stores for its 'Titan Eye' in the coming three years across the country. Talking to reporters after inaugurating the first 'Titan Eye' store in the city, the fifth in Tamil Nadu and 40th in India, V Govindaraj, Vice President, Integrated Retail Services, Titan Industries, said the company would add another 20 exclusive optical showrooms in the current fiscal. Titan industries, a joint venture between Tata group and Tamil Nadu Industrial Development Corporation (TIDCO) has reported a turnover of rs.3041 crore for the year ended 2007-08.
MOREThe Hindustan Times
The Noida Board on Monday approved a proposal to develop an integrated residential cum institutional project on 311 acres of land — three times the size of Jawaharlal Nehru Stadium — in south-east Delhi. The land belongs to the Uttar Pradesh Irrigation Department. Pieces of land earmarked for the project are located along Mathura Road close to Madanpur Khadar, Okhla, the Jamia Millia Islamia University and Kalindi Kunj. Experts said the project would help augment the enormous demand-supply gap for affordable housing options in the city . Plus, the project is in a central location.
MOREThe Financial Express
Mumbai-based Lodha group is all set to roll out sky villas in Hyderabad with an initial investment of Rs 900 crore. Despite recession in the financial markets, the group is developing sky villas, called Lodha Bellezza, which are themed on Californian style living and where the ownership comes by ‘By invitation only’. Each sky villa or apartments is about 4,761 sq.ft costing from Rs 2.27 crore and upwards. Since there is a huge appetite for differentiated products, the group is planning for 150 villas in this project.
MOREBusiness Standard
SRS Group, one of the leading real estate developers of the country, with business interests in real estate and township development, multiplex, retail and hospitality has extended its reach to Gujarat with the launch of SRS Shital Varsha Mall-3 in Ahmedabad.With an investment of Rs 10 crore, the mall is spread across four floors over an area of 40, 000 sq ft, that houses SRS Value Bazaar, the group's retail chain, SRS Fashion Wear, branded apparel retail outlet and SRS 7Dayz Food Court , a multi-cuisine vegetarian food court.
MOREBusiness Standard
Real estate group Vascon Engineers will invest Rs 165 crore in a high-end residential and commercial complex over next 18 months. Despite of the slump in India’s real-estate sector, the company believes, it would sell the entire project spread over 18 acres during the construction phase itself.Vascon Engineers, which has completed major real estate projects in cities like Pune, Ahmedabad and Bangalore, plans to attract the flat-buyer segment that is not hit by the global economic recession. The flats would be of 2,500 square foot to 6,000 square foot area with a price tag of Rs 1.50 crore and above.
MOREThe Economic Times
UNION urban development minister Jaipal Reddy on Tuesday said that the government will soon make available slum lands in New Delhi for re-development. The government will follow the Mumbai model where land is auctioned to the real estate developers for building flats. Certain number of flats will be reserved for the slum dwellers at a minimal price. The developers can sell other flats to customers at the market rate. Mr Reddy also said that the urban development ministry is giving final touches to the long pending bill on real estate regulator. Mr Reddy further said that while the government is trying to pep the dying sentiments in the realty sector, the regular infrastructure needs would also be given a very high priority.
MOREBusiness Standard
Falcon Realty Services today said it will invest Rs 300 crore to develop a 35-acre group housing project in Haryana and would offer the apartments to the people at affordable price.The Gurgaon-based company would construct 5,000 flats of 360 sq ft each at Bawal. Each one-bedroom apartment would carry the price tag of Rs 5.5 lakh.The company would invest Rs 300 crore to develop the affordable housing project, which would be completed by first quarter of 2011.
MOREThe Financial Express
MTAR Technologies, engaged in high precision machining, fabrication and design centre with latest machines and testing facilities, is investing Rs 200 crore for setting up a manufacturing facility at the country’s first aerospace and precision engineering SEZ, near Hyderabad. About 280 acres have been allotted for the SEZ and the facility is expected to be fully commissioned by 2011. Besides MTAR, TVS, Godrej and Tatas have also evinced interest in investing in the SEZ. The Rs 100-crore company would be investing Rs 100 crore as an initial investment and the rest is being mopped through internal accruals and other promoters.
MORE