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  • Office space market sizzles in Pune

    Alka Kshirsagar, The Hindu Business Line

    February 27, 2011

    The proliferation of industry and small and medium businesses in Pune has generated a growing demand for non-IT office space. Saturation in the Central Business Districts of yore - JM Road, Deccan Gymkhana, Fergusson Road and M G Road – has led to the emergence of several secondary business districts in Aundh and Baner (western corridor), Koregaon Park/Boat Club Road, and Shanker Sheth Road.

  • Realty gets off the slide, rates on the march

    The Times of India (Delhi edition), New Delhi

    February 26, 2011

    According to the National Housing Bank (NHB)’s housing price index RESIDEX for April-June 2010, housing prices in 10 out of 15 cities in the country have crossed the peak of the pre-crisis period. The sector was worst affected by the global financial crisis, which set in September 2008. But the latest pricing trend suggests that the impact of the crisis on the housing sector has more or less receded.

  • Mumbai is world's 6th most expensive city for office space

    New Delhi

    February 24, 2011

    Mumbai slipped by one place to sixth in the list of the world's most expensive office locations in 2011, according to global realty consultant Cushman & Wakefield.

  • Extension of software tech park scheme tops IT industry's wish-list

    Moumita Bakshi Chatterjee, New Delhi, The Hindu Business Line

    February 21, 2011

    Will it or won't it - this is the billion dollar-question. For the $59-billion IT-BPO export industry, which is gunning for 16-18 per cent growth next fiscal, the extension of Software Technology Parks (STP) scheme clearly tops the wish list for the Budget.

  • Bangalore shines among booming cities

    The Financial Express

    February 19, 2011

    Despite all the bad news hogging Karnataka on the political and some on business fronts, tech hub Bangalore tops the list in a new Morgan Stanley report on how India's booming cities cope with problems from infrastructure to job creation, with Mumbai, India's financial capital, trailing in 21st place.

  • Maharashtra government denotifies Raigad SEZ

    Rohit Chandavarkar, Mumbai, The Economic Times (Mumbai edition) | The Hindu | The Asian Age | Deccan Chronicle | Hindustan Times (Mumbai edition) | The Times of India

    February 19, 2011

    The Maharashtra government announced de-notification of the Maha-Mumbai Special Economic Zone, or MSEZ, in Raigad district on Friday. The state government had earlier stayed the ongoing land acquisition by Reliance Industries (RIL). RIL had proposed to develop the SEZ on 25,000 acres of land.

  • Siemens sells 8-acre plot to RMZ for 380 Crore

    Kailash Babar, Mumbai, The Economic Times

    February 05, 2011

    Electrical equipment major Siemens has sold its 8-acre parcel in Bangalore for 380 crore to realty developer RMZ Corporation. Earlier this week, the Bangalore-based realtor entered into an agreement with Siemens for this and has already paid an advance for the plot. RMZ Corporation MD Raj Menda confirmed that the deal has been finalized and the balance amount of the consideration would be paid by March 31.

  • Banks to secure realty loans With Escrow A/c's

    Paramita Chatterjee, New Delhi, The Economic Times | Hindustan Times |

    February 02, 2011

    The Reserve Bank of India has asked banks to put in place an escrow mechanism that can ring fence their loans to real estate firms and keep a closer tab on the end use of funds.

  • Godrej bets big on premium realty

    Financial Chronicle | Deccan Herald | Business Standard | The Economic Times | New Delhi

    February 01, 2011

    The group's realty arm, Godrej Properties, has launched a 35-acre project - The Trees - at Vikhroli with 2.8 million sq ft of spaces. "This is one of the largest real estate projects in the city. It will be developed in three phases and we will invest Rs 1,200-1,500 crore over a period of six years," Godrej Properties Executive Director Pirojsha Godrej told PTI.