December 21st, 2007 at 6:34 am
A 650-acre IT park is coming up in Noida on the outskirts of Delhi. Being built by the Noida Development Authority, over 100,000 IT-ITeS employees are expected to work here
HCL Technologies has announced a 46-acre technology hub for 15,000 employees in Greater Noida
The IT services major Birlasoft, a part of the $1.4 billion CK Birla Group, is keen to develop a campus in Noida by 2009
Together, Noida and Greater Noida are set to emerge as a major IT campus hub in Uttar Pradesh. Not that the two locations do not have IT company offices.
In fact, they are home to a multitude of multinational outsourcing firms and software majors, especially Noida which boasts of companies such as Adobe Systems, HCL, EXL, American Express, Impetus, STMicroelectronics and Xansa, among others. Continue Reading »
December 21st, 2007 at 6:33 am
Parsvnath Developers Ltd, one of India’s leading real estate developers has won the bid to develop a commercial project on 18632 sq mt of land at Sector Delta-II in Greater Noida.
The estimated cost of the project to the company including land would be Rs 160 crore. The saleable area would be approximately 3.6 lakh sq ft.
“The property in Greater Noida has a total area of 4.75 acre. The project includes land and construction. The realisation will be around Rs 300 crore, Rs 100 crore revenue is expected in this FY and the balance in the next two years,” said Mr Pradeep Jain, Chairman, Parsvnath Developers Ltd to NDTV. Continue Reading »
December 16th, 2007 at 6:54 am
While Tatas plan super luxury hotel in Delhi, Yannick Poupon, Taj Luxury hotels’ area director did not disclose the proposed investment figure.
However, a rough indication could come from another mega deal struck in central Delhi a few months back by the Leela Group, which bought a three-acre plot in Chanakyapuri, for Rs 611 crore. The 250-room super luxury hotel is expected to cost Rs 1,100 crore. Continue Reading »
December 16th, 2007 at 6:52 am
Chandigarh, Dec 14 (IANS) As a token of appreciation, a cook who worked for 26 years at a government-run hotel here initiated its expansion plan by digging the earth and placing the first brick.
The cook, Khiali Ram, joined Hotel Mountview way back in 1982 - when it was still a private hotel managed by leading chain Oberoi hotels, was the chief guest for the occasion. Continue Reading »
December 14th, 2007 at 6:10 am
Pandit Ravi Shankar, renowned across the world for pulling strings consummately, could not persuade a Pune 5-star hotel to allow him to check in with his therapeutic dog. The hotel adheres to a strict no-pets policy, apparently because the sight of an animal lounging in the lobby makes its foreign guests believe that the property has gone to the dogs. Continue Reading »
December 14th, 2007 at 6:07 am
Light intensity earthquake measuring 4.3 on the Richter scale shook Delhi and adjoining areas of the national capital region this morning.
The epicenter of the earthquake was 10 kilometers from Bahadurgarh, a Haryana town adjoining Delhi, officials said.
People, particularly those living in high rise buildings ran out of their beds as strong tremors shook buildings at around 0442 hrs. Continue Reading »
December 14th, 2007 at 6:05 am
Real estate major DLF is in talks with tractor company Escorts to acquire its surplus land assets at Faridabad in Haryana. The surplus property of the tractor maker, owned by the Nanda family, is spread over more than 200 acres on the national highway and in close proximity to the Delhi border. Sources close to the development say that the deal could be sealed at Rs 1,500-crore plus.
Continue Reading »
December 9th, 2007 at 12:04 pm
Parsvnath Developers Ltd, one of India’s leading real estate developers has won the bid to develop a commercial project on 18632 sq mt of land at Sector Delta-II in Greater Noida.
The estimated cost of the project to the company including land would be Rs 160 crore. The saleable area would be approximately 3.6 lakh sq ft.
“The property in Greater Noida has a total area of 4.75 acre. The project includes land and construction. The realisation will be around Rs 300 crore, Rs 100 crore revenue is expected in this FY and the balance in the next two years,” said Mr Pradeep Jain, Chairman, Parsvnath Developers Ltd to NDTV. Continue Reading »
December 9th, 2007 at 12:03 pm
Real estate experts in Delhi and satellite towns of Noida and Gurgaon have confirmed that property prices are sliding. So, if you want to get the best property deals, this is the time.
Though on record, the brokers in Gurgaon object to any suggestion that property is becoming cheaper.
“Prices of plots have fallen. Plots that were sold for Rs 55,000-50,000 per yard one year ago can be bought now at Rs 45,000,” a property broker from Gurgaon said on the condition of anonymity. These plots are believed to be in and around Sushant Lok and Gold Souk. Continue Reading »
December 9th, 2007 at 12:02 pm
Textiles firm Pearl Global Ltd said on Tuesday it was in deal with DLF Retail Developers, an unit of DLF, to develop 9.20 acres of land in Gurgaon near Delhi.
The company said in a statement it has cancelled an earlier agreement with Ansal Properties and Infrastructure Ltd to develop the same plot. It did not give a reason.
