Tag: Ahmedabad

Ahmedabad Development Authority Raised FSI By 30%

Ahmedabad Development Authority (AUDA) recently announced its new Development plan. The new development plan by AUDA has raised the floor space index (FSI) by 30%. Ahmedabad Development Authority; raising the floor space index last week, paved the way for more vertical real estate development. As per the new development plan, the FSI is raised by […]

Cities will become taller as Plan panel seeks higher floor space index.

The skyline of Indian cities could soar as the government considers permitting vertical growth with the aim of checking runaway realty prices and generating resources to upgrade urban infrastructure for future growth. A Planning Commission steering committee, in its draft report, has recommended providing additional FSI (floor space index; the ratio between built-up area and plot size) as development rights, but said […]

Duet India Hotels eyes expansion

UK-based investment group Duet’s Indian hospitality arm Duet India Hotels is looking for more land to expand its portfolio and add more than thirteen hundred rooms by the end of this financial year. The group plans to develop 20- 30 mid- scale and upper middle segment hotels with around five thousand rooms in the next […]

Sahara announces partners for residential projects

Sahara Prime City, the real estate arm of Sahara India, has appointed different construction companies for developing residential blocks at Sahara City Homes. The projects are the part of Sahara’s chain of 217 townships to be developed across India. Each township is spread over 100-300 acres. Development of the townships is taking place in phased […]

3 Day Property Show At World Gujarati Conference

With Gujarat’s realty market showing signs of a slowdown, the Gujarat Institute of Housing and Estate Developers (GIHED) has its fingers crossed that the just concluded 3-day property show at World Gujarati Conference (WGC) will help keep the market afloat by raking in NRI business of around Rs 1,000 crore by March 2009. The 50-odd […]

Rs 872 Crore Is To Be Invested For Logistic Park In Mumbai

Mumbai has come into view as the most preferred destination for logistics and warehousing companies with proposed investments for setting up logistics parks in the city touching around Two hundred million dollar (Rs872 crore), a report said. In spite of their lack of support infrastructure, smaller cities such as Nagpur in Maharashtra, Gurgaon in Haryana, […]

Non-Residents Homing In Thick And Fast

With the stock markets down in India, the realty market here offers a reliable investment avenue. There are three reasons why NRIs invest in India — they remit money for family expenses or investments or for maintaining their bank accounts and investments here. According to RBI records, NRIs’ annualised remittances to India have grown from […]

SRK Group To Invest Rs 5,000 crore In Next 5 Years

Real estate firm SRK Group is planning to invest Rs 5,000 crore in developing various properties across the country over the next five years with plans to expand to new cities. “The group has identified many projects in south India and other parts of the country to pump in about Rs 5,000 crore in the […]

Starwood Hotels & Resorts Worldwide Inc Plans Upscale Brand Aloft In India

Starwood Hotels & Resorts Worldwide Inc, a hospitality and leisure chain, plans to roll out its upscale brand ‘Aloft’ in India. “We have tied up with a few developers and Citibank subsidiary for the Aloft brand,” said Larry Malarkar, regional director, sales and marketing, India, Nepal and Bangladesh, Starwood Asia Pacific Hotels & Resorts Pte […]

Pantaloon Will Open 110 big bazaar hyper Markets

Pantaloon Retail (India) Limited, a future group venture, will make an investment of more than Rs 1500 crore for opening more than 110 big bazaar hyper Markets in various cities across the country, Anand Adukia, Zonal Chief of the company said on Friday. “With this launch, Big bazaar is now present in all the four […]

Indiabulls in discussion with leading global retailers

MUMBAI: Indiabulls group, a rising company with interests spanning from financial services to retail, on 12th may said it is in talks with some foremost global single-product retailers seeking a pan-India presence.

JP Infrastructure Pvt Ltd Is Ready To Issue Public Offer

Ahmedabad-based realty player JP Infrastructure Pvt Ltd (JPIPL) is in initial phase of talks with a foremost PE fund to raise around two hundred crore. The company is also planning to come out with an initial public offer and had selected Cushman & Wakefield in December preceding year for valuation of its assets. According to […]