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Rahejas Entering Hotel Business umi |
In league with Indian Hotels Company, Delhi-based Raheja Developers will foray into hospitality sector and plans to build six hotels ---- four in the four and five-star category and two at budget level --- in four years. One of them is supposed to be a 300-room stand-alone hotel in Gurgaon costing Rs. 200 crores excluding land price, while others are to be part of its shopping complexes.
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SDZ Along Taj Expressway umi |
| Taj Expressway Authority has decided to build along the proposed expressway a 35,000-acre special development zone (SDZ) to be located between the Yamuna and the GT Road. This will include residential, industrial, institutional as well as commercial areas and have sectors bigger than those in Noida and Greater Noida.
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CHD Developers For Retirement Townships umi |
| Karnal, Rishikesh, Mathura and Nimrana are to going to see the emergence of multiple retirement townships , thanks to the initiative taken by CHD Developers which will invest Rs. 275 crores on the projects and has already floated an SPV, CHD Retirement Homes, for the purpose.
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Bengal Granted 20 SEZs umi |
| The Centre has cleared 20 SEZs for West Bengal and also agreed in principle to green-signal 17 more. Fifty percent of the total land area in a particular SEZ would be used for processing units, 25% for creating related infrastructure facilities and the rest for other activities.
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REL- India Bulls For Maharashtra SEZ umi |
| Reliance Energy Ltd, which belongs to Anil Dhirubhai Ambani Group Company, is likely to sign an agreement with IndiaBulls Real Estate to develop, possibly as a 50:50 joint venture, a 6,000-acre multi-product special economic zone in Maharashtra’s Raigad district.
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Omaxe’s Rs. 180-crore Luxury Project umi |
| Omaxe Ltd has begun the construction of a high-end project, called Omaxe Twin Tower, with luxury apartments and penthouses in Noida involving an investment of Rs. 180 crores. The saleable area comes to three lakh sq. ft. There will be 19 floors, making it one of the tallest such buildings in NCR. The structure is proposed to be completed within 30 months of signing of the buyer’s agreement.
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JMD Goes To Dubai umi |
| JMD Ltd, a realty firm, has planned to set up a wholly-owned subsidiary in Dubai. To begin with, it will undertake four projects (two residential and two commercial) with an investment of Rs. 200 crores.
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Kolkata Realty Firms Chennai-bound umi |
| Several real estate firms in Kolkata are making a beeline for Chennai and places in its vicinity putting projects worth crores of rupees in the pipeline. Take for example Merlin Group which has tied up with the Rajathi Group to build residential and commercial properties. Of the proposed Rs. 1,000-crore investment, 75% is to be allocated for townships and 25% for commercial projects.
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India’s First ‘Green House’ In Mumbai umi |
| Shree Ram Urban Infrastructure will construct the country’s first green residential building at Worli in Mumbai at a cost of Rs. 800 crores and complete it by 2010. With a height of 320 meters, Palais Royale would be India’s tallest green edifice, the company’s Vice-Chairman has claimed.
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Realty Equity Fund From SBI MF umi |
| The SBI Mutual Fund has filed the offer document with the SEBI for launching a dedicated scheme for the real state and related sector.
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