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Old March 30th, 2007, 02:35 AM   #1
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Megaproject Overview: Four Major Cities, 2 'Manhattans', Will Appear on Indian Map

This thread will be used as an overview thread, to cross-post news articles about Indian megaprojects in general (i.e. articles about two or more of these individual projects.)

At the bottom of this post are links to the individual threads.

Four cities will appear on the Indian map

Quote:
Foreign funds will pump in Rs2 lakh crore to create the ultra-chic cities

DNA India Epaper
27 Mar, 2007

On Republic Day this year, Macquarie Bank, Australia’s largest securities firm, announced that it will invest $25 billion along with three partners to create an ultramodern integrated township on 65,000 acres in Andhra Pradesh, just 170km off Bangalore.

Four weeks later, Tishman Speyer Properties LP, which owns New York’s famous Rockefeller Centre and Frankfurt’s MesseTurm, said it, along with ICICI Bank and Nagarjuna Construction Co, will build a $2 billion residential and commercial township for 30,000 people, spread over 400 acres near Hyderabad.

On Monday, or exactly another four weeks after the Tishman announcement, Al Nakheel LLC, an international property development firm owned by the Dubai government said it will, along with DLF Ltd, build two ‘Manhattans’ near Mumbai and Gurgaon, spread over 20,000 acres each.

Each city will cost about $10 billion or Rs43,300 crore to construct, with the first phase, expected to be completed by 2010, seeing the partners investing $5 billion apiece.

In all, $47 billion or Rs203,000 crore of private money will be invested over the next couple of years to create four ultra modern cities from ground up.

The cities near Mumbai and Gurgaon will be three times as large as New York’s Manhattan Island, DLF said.


All the four cities will be world-class and self-contained, with wide, international-quality roads, telecom networks, educational institutions, industrial clusters, hospitals and amusement parks.


Cities near Mumbai, Delhi
Located on the outskirts of Mumbai and in Gurgaon, Haryana, spread across 20,000 acres each Investment of $10 billion in the first phase
Investor: Limitless LLC, a Dubai government firm, and DLF Ltd

Science city near Bangalore
About 400km from Hyderabad and 150km from Bangalore Investment of $25 bn, spread across 65,000 acres, over 10 years
Investors: Macquarie Bank, Australia, and Singapore’s Jurong Corp and Semb Corp

Mini city near Hyderabad
A 400 acre commercial and residential development on the outskirts of Charminar city Will house 30,000 people, shops, and cultural amenities
Investors: Tishman Speyer, ICICI Bank, Nagarjuna Construction Growth to boost need for homes Foreign funds are moving into real estate because the 9-10 per cent economic growth foreseen will explode demand for homes, commercial space.

House prices in Mumbai, Delhi, and Bangalore have more than tripled since 2004


--------------==--=--==--------------


Rundown list of Indian Megaprojects in the Offing, and their links to SSC India threads:

Mumbai Megaprojects -- There are several, none with dedicated threads of their own:
1. Mill Land Redevelopment
2. Dharavi Slum Redevelopment and CBD
3. Reliance Mahamumbai SEZ CBD
4. DLF/Limitless Megaproject -- "Mumbai's Manhattan"

Please see the latest "Mumbai Update" thread for the latest details on the above projects. (Current thread iteration: Mumbai Update VI - project news from Mumbai)

-----==--=--==-----


Delhi, National Capital Region Megaprojects
1. Delhi 2021 Redevelopment Plan
2. DLF/Limitless Megaproject -- "Delhi's Manhattan"
3. Noida CBD including Noida Tower (750m a World's Tallest Building). Please see the latest NCR (National Capital Region) Developments thread for more details (Current thread iteration: NCR (National Capital Region) developments III)
4. Gurgaon Golden Triangle City Centre (GTCC) CBD including four 140 storey WTB

-----==--=--==-----

Hyderabad Megaprojects
1. Hyderabad Manchirevula Future CBD
2. Lanco Hills Megaproject
3. Charminar City (See Manchirevula Future CBD thread)

-----==--=--==-----

Bangalore Megaprojects
1. Odyssey Science City, Anantapur

-----==--=--==-----

Chennai Megaprojects
1. ETA Tech City, Sriperumbudur

-----==--=--==-----

Cheers!
Jai

Last edited by Jai; May 2nd, 2007 at 10:18 AM.
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Old March 30th, 2007, 03:35 AM   #2
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Jai, I love you! This is phenomenal! I wonder if it will go through...lets hope and pray...

GREAT update!

Cheers indeed!
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Old March 30th, 2007, 05:11 AM   #3
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Great proposals. Even if 10% of the work comes through in next 5 years, it will be great.

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Old March 30th, 2007, 05:56 AM   #4
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Amesome!!!
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Old March 30th, 2007, 07:41 AM   #5
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amazing stuff. These companies seem set on doing a China on the urban front it seems.
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Old March 31st, 2007, 01:46 AM   #6
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Where would they build this 'Manhattan' near Mumbai as most of the area is already occupied by Navi Mumbai/Maha Mumbai? Also, since they already have Gurgaon, why not just spend the money to turn Gurgaon into a Manhattan and not build a separate 'Manhattan'.
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Old March 31st, 2007, 03:15 AM   #7
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Quote:
Originally Posted by manny618 View Post
Where would they build this 'Manhattan' near Mumbai as most of the area is already occupied by Navi Mumbai/Maha Mumbai? Also, since they already have Gurgaon, why not just spend the money to turn Gurgaon into a Manhattan and not build a separate 'Manhattan'.
I agree.
Gurgaon is already an established suburb. i am sure these guys have the moolah to buy huge land here and build landmarks.
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Old March 31st, 2007, 03:24 AM   #8
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This article says that the Mumbai and Delhi townships will be 20,000 acres each.

http://www.business-standard.com/com...N&autono=21788

Quote:
A source close to the development had earlier said that the joint venture would develop 20,000 acres each in Gurgaon (beyond Manesar and in conformity with the draft Master Plan) and in Maharashtra between Mumbai and Pune. Construction of the projects is expected to begin this year and the first phase of the development is targeted to finish in three years.
Manhattan is 14,478 acres (22.6 sq. mi.) (data from the net)

So it's not really three times unless the company meant total development area (40,000 acres).
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Old March 31st, 2007, 03:29 AM   #9
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Interesting... thanks for clearing it up Sun. Even 20,000 acres is still a huge deal
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Old March 31st, 2007, 03:50 AM   #10
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Originally Posted by Jai View Post
Interesting... thanks for clearing it up Sun. Even 20,000 acres is still a huge deal
It is.

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Old March 31st, 2007, 02:06 PM   #11
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The area between Mumbai and Pune doesnt have any major waterfront.
Its most probably going to be in and around a lake along the expressway.

This will be the 3rd major project between Mumbai and Pune besides

1. Amby Valley ( 10,000 acres, Rs 15,000 crores) - 135 km from Mumbai and 90 km from Pune

2. Lavasa city ( 15,000 acres ~ Rs 20,000 crores) - 200km from Mumbai and 40 km from Pune
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Old March 31st, 2007, 09:46 PM   #12
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From the official press release from Springfield Land Development Corp.'s website, theysay Science City is the "first of several projects several projects with Juron in India which have now come to fruition."

I guess that means there are even more megacities in the lineup!

Springfield Land Corporation Signs New City Deal in India
Quote:
...

“Springfield Land Corporation has been actively looking at the growth of India for approximately two years; starting with the city of Bangalore because of its recognition as a high growth IT centre, “ said Mr Sharpless.

“In the early days we were very interested in seeing whether we could attract IT companies into the Greater Springfield project and also learn from some of the major IT parks that have been developed in Bangalore. Springfield Land Corporation was subsequently invited by Jurong to partner with them in large scale projects in India. This project represents the first of several projects which have now come to fruition.

...
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Old April 1st, 2007, 03:51 PM   #13
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It looks like it's between Pune and Mumbai.
Scheduled to be completed in 2013, with more than 70% of the land already acquired.
http://www.atimes.com/atimes/South_Asia/IC30Df02.html

Quote:
Investors line up for India's real estate
By Siddharth Srivastava

*** DELHI - India's real-estate boom keeps getting bigger. In the past few weeks, private investments in the sector amounting to US$50 billion have been announced.

This week, the country's biggest real-estate developer, DLF, inked a $20 billion deal with the largest privately held real-estate developer in the world, Al Nakheel of the United Arab Emirates, to build two townships in northern and western India.

"We have signed a 50:50 joint venture with Al Nakheel to develop

integrated townships with an investment of $20 billion," a DLF executive said on the sidelines of a conference of UAE and Indian officials, business and political leaders in *** Delhi.

The companies will initially invest $5 billion each in the next three years to develop about 16,000 hectares, most probably in the states of Haryana (Gurgaon) and Maharashtra (between Pune and Mumbai).

The townships, scheduled to be completed in 2013, with more than 70% of the land already acquired, will feature an integrated combination of residential, retail and commercial properties.

DLF has already applied to statutory regulators for the second time to launch a public float that could raise about $2 billion for a 10.2% stake. Joint-venture partners include Hilton Hotels, Feedback Ventures and the UK-based infrastructure company Laing O'Rourke.

In another deal announced this week, the Hinduja Group, owned by the ******-based Hinduja brothers, said the company planned to start a chain of hospitals in India with an investment of $1 billion in a tie-up with *****'s government-owned Limitless LLC. Under the project, hospitals would be established in the major Indian cities of Delhi, Mumbai, Bangalore and Hyderabad.

In January, Macquarie Bank, Australia's largest securities firm, announced that it would invest US$25 billion along with three partners to create an ultra-modern integrated township on 26,300 hectares in Andhra Pradesh, just 170 kilometers from software hub Bangalore.

Last month, Tishman Speyer Properties LP, which owns *** ****'s famous Rockefeller Center and Frankfurt's MesseTurm, said it, along with ICICI Bank and Nagarjuna Construction Co, will build a $2 billion residential and commercial township for 30,000 people, spread over 160 hectares near Hyderabad.

Indeed, real estate has been a focus area for investors. There have been warnings about a speculative bubble and the need to set up a regulatory authority to ensure transparency.

But observers have said that the investment is the result of real pent-up demand arising from runaway economic growth and rising incomes. It is expected that the creation of adequate commercial/residential space will rein in runaway prices, which are beyond the reach of many people.

Currently growing at 30% per annum, the Indian real-estate market is estimated to be worth more than $15 billion. A recent study has shown that domestic and overseas investors and private-equity funds are looking to pump a whopping Rs320 billion ($7.36 billion) into India's real-estate sector.

"The transparency in real estate has contributed to the increase in interest by domestic and financial institutions, resulting in greater availability of financing for real-estate developers," an ICICI Property Services-Technopak paper said.

In what could be a fillip to massive real-estate opportunities, *** Delhi is keen that proposed special economic zones (SEZs) remain on course despite massive farmer protests in Nandigram, West Bengal. Recently, Prime Minister Manmohan Singh said government was moving slowly because of "inadequacies", but made it clear that the decision was "irreversible".

This week he said: "There are issues pertaining to land alienation and displacement of people, and these must be addressed.

"We will address them to the satisfaction of all. I do not see any reason why there should be a conflict between industry and society. The development of modern industry should be a societal goal."

As per government estimates, more than 250 SEZs proposed to be set up have a projected investment of $100 billion and employment potential for 2 million.

Last year, India's largest private-sector entity, Reliance Industries Ltd, and the Haryana government signed an agreement for setting up India's single largest multi-product SEZ, involving an investment of nearly $9 billion.

Although all SEZ approvals have been put on hold after the Nandigram violence, *** Delhi is widely expected to give the go-ahead. States such as Tamil Nadu, Gujarat, Andhra Pradesh, Karnataka and Haryana, where the land-acquisition process has been peaceful, have been pushing for SEZs.

Hospitality is one red-hot area into which an estimated $2 billion is likely to be pumped over the next three years, the bulk of it through private-equity funds. Many funds are allocating as much as 50% of their planned real-estate investments into the sector, as hospitality remains highly under-serviced, with a huge demand-supply imbalance.

This year's budget has provided a further fillip through the tax holiday announced by Finance Minister P Chidambaram in advance of the Commonwealth Games in Delhi. This week, the Haryana ***** Development Authority sold a 2-hectare plot for a five-star hotel in Sector 47, Gurgaon, for a humongous Rs2.5 billion ($57.5 million).

The ICICI-Technopak study charted the future of mall development. It predicted that because of the sustained yield of about 18% in the retail real-estate sector, the next stage of sophisticated funding mechanisms might include real-estate investment trusts, real-estate mutual funds (REMFs), venture-capital funds and initial public offerings.

Apart from DLF, other developers - including Omaxe Ltd, Puravankara Projects Ltd, Housing Development and Infrastructure Ltd, IVR Prime ***** Developers Ltd and Kolte Patil Developers Ltd - have also filed red-herring prospectuses with the regulator. However, poor performance of recent issues because of high interest rates and fluctuating stock markets have made retail investors wary.

The paper concluded that REMFs would institutionalize investments and provide a major source of capital for the industry. At the same time, a mix of retail investors and institutional investors would be good alternative solutions.

Another major source of funding is from the Middle East and Southeast Asia. Emaar Properties (*****), IJM Corp (Malaysia), Lee Kim Tah Holding (Singapore) and Salim Group (Indonesia) are looking to invest more than Rs50 billion.

While Bangalore, Delhi and Chennai figure prominently in everybody's plans, *** and cheaper locations are being charted in Andhra Pradesh, West Bengal, Tamil Nadu and Rajasthan, the study said.

According to Peter Penhall, chief executive officer of Gowealthy.com, one of the Middle East's well-known real-estate and online property-brokerage portals, India will see an international shift in the real-estate sector due to the ongoing information-technology boom.

Siddharth Srivastava is a *** Delhi-based journalist.
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Old April 3rd, 2007, 02:17 AM   #14
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What I read about Gurgaon is that the developers and city are trying to restrict the population density to 100 per km and go even less to 80 per km so that the quality of life is good. The characteristic feature of a 'Manhattan' is, on the other hand, high population density. So I don't think that they really want to reinvent a Manhattan in India.

Besides, even if you could copy some of the physical infrastructure of Manhattan (the part that doesn't seem like its run down), could you recreate the culture?

I think that these articles are just hype to generate interest. But I suspect that the developers don't really want to recreate Manhattan or something similar. They want to create better cities than that - eco friendly with lots of greenery with adequate infrastructure. Hats off to them if they succeed.



I believe that Delhi might itself be a lost cause given the haphazard (and illegal) 'development'.
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Old April 18th, 2007, 06:33 AM   #15
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‘Manhattans’ near Mumbai & Delhi

‘Manhattans’ near Mumbai & Delhi
Quote:
Thursday, 04.12.2007, 03:48am (GMT-7)

NEW DELHI: Private money amounting to $47 billion or Rs 203,000 crore is being invested over the next couple of years to create four ultra modern cities in India from ground up. According to DLF, the cities near Mumbai and Gurgaon will be three times as large as New York’s Manhattan Island. The other two cities will be near Bangalore and Hyderabad.

To showcase the India potential in real estate, KR Capital Management LLC (USA) and its company owned subsidiary ‘KR RealTech Consultants Pvt. Ltd. (India) have organized ‘Horizon - India Real Estate Expo 2007’, in USA from April 14 to 22.

Horizon 2007 is the platform where one can meet clients who are searching for premium residential and commercial properties in India, and prospective foreign institutional investors who are on the look out for investment opportunities in real estate in India. As one of the most diverse India Real Estate Expos ever, Horizon presents premier projects from the most prominent real estate developers from all major Indian cities such as: Delhi & NCR, Chennai, Kolkata, Mumbai, Cochin, Jaipur, Bangalore, Hyderabad, Chandigarh, Goa, Lucknow and Pune.

Earlier this year, Macquarie Bank, Australia’s largest securities firm, had announced that it will invest $25 billion along with three partners to create an ultramodern integrated township on 65,000 acres in Andhra Pradesh, just 170km off Bangalore. Also, Tishman Speyer Properties LP, which owns New York’s famous Rockefeller Centre and Frankfurt’s MesseTurm, said it, along with ICICI Bank and Nagarjuna Construction Co, will build a $2 billion residential and commercial township for 30,000 people, spread over 400 acres near Hyderabad.

The latest announcement has come in from Al Nakheel LLC, an international property development firm owned by the Dubai government, which said it will, along with DLF Ltd, build two ‘Manhattans’ near Mumbai and Gurgaon, spread over 20,000 acres each. Each city will cost about $10 billion or Rs43,300 crore to construct, with the first phase, expected to be completed by 2010, seeing the partners investing $5 billion apiece.

All the four cities will be world-class and self-contained, with wide, international-quality roads, telecom networks, educational institutions, industrial clusters, hospitals and amusement parks. Dubai based retail group Landmark, known for its chains like lifestyle and Home Centre will be pumping in $500 million in India over the next three years to expand its retail presence. A report said that the group now plans to enter the hospitality business.

The top management of the Dubai-based landmark group is in India to finalize its expansion strategy. The group currently has 1 million square feet of retail space in India with stores like Lifestyle, Max and Home center, and aims to have four million square feet by 2010. Foreign funds are moving into real estate because the 9-10 per cent economic growth foreseen will explode demand for homes, commercial space. House prices in Mumbai, Delhi, and Bangalore have more than tripled since 2004.

India Post News Service
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Old April 18th, 2007, 07:16 AM   #16
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looks like we have a 5th new town coming up now - this one's near Chennai..

this is from the Chennai Projects & Updates thread..

Quote:
Originally Posted by Shaq
CHENNAI: In what could be the biggest gated township for a potential 1,25,000 manufacturing workforce, Sriperumbudur, Tamil Nadu’s manufacturing hub, will soon host a mammoth integrated township.

The project, over 1,200 acres, will be in close proximity to the Nokia, St Gobain Glass, Foxconn and Motorola facilities.

The township would be set up at an estimated investment of Rs 12,000 crore by Dubai-based ETA Star Property Developers Ltd, said PHM Syed Ismail, managing director, ETA Star Property Developers.

“We have purchased 250 acres so far and will complete the process of buying the remaining 950 acres over the next six months,” Ismail said.

He added the basic infrastructure for the mega township, ‘ETA Tech City’, would be ready in the next 18 months, there would be a further gestation period of seven years before the project was drawn to a close.

The Tamil Nadu Industrial Development Corporation (TIDCO), which is providing facilitation and escort services for the project, has contributed 0.1 per cent (Rs 49 lakh) of the project cost, according to Ismail. The facilitation fee to be paid for TIDCO’s services is being worked out.

ETA Star Property had brought in Rs 150 crore as foreign direct investment (FDI) for the project, Ismail said, adding the company was in discussions with two European and two US partners to finalise a special purpose vehicle (SPV) for implementing the project.

ETA Star is looking at a 40:59.5 partnership with the prospective SPV partner.

ETA Star is the property wing of the $4-billion UAE construction giant ETA Ascon.

“We are looking at developing a total area of 5 crore square feet, which will comprise all ingredients of a first-class township,” Ismail said, adding, “These will include individual bungalows, apartment complexes, exclusive IT zones, swimming pools, club houses, an 18-hole golf course, a mini golf course, a cricket stadium, a school and a medical centre.”

ETA is also developing a 3 million square feet IT park on Old Mahabalipuram Road and has launched a 4.4 acre residential complex, called Jasmine Court, at Porur in Chennai with a built-up area 2.87 lakh square feet. It was involved with the development of the Chennai CitiCentre shopping mall in Chennai over a year ago.

http://www.business-standard.com/com...eft=1&leftnm=1
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Old April 18th, 2007, 01:25 PM   #17
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Quote:
Originally Posted by Jai View Post
Dont a lot of these cities still have highly restricted height limits, and power/water issues?

I love these articles talking about massive investment - but I have a feeling it will amount to more steriotypical mid-rise beige blocks with no charecter covering hectares of cityscape.
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Old May 2nd, 2007, 10:26 AM   #18
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Quote:
Originally Posted by ferrari_fan View Post
looks like we have a 5th new town coming up now - this one's near Chennai..

this is from the Chennai Projects & Updates thread..
Awesome!! I added it to the above list.

Here's another article that gives the investment in USD:
ETA Star to set up $3b project in India
Quote:
MENAFN - 01/05/2007


(MENAFN) The Chief Executive Officer at Dubai-based ETA Star announced that the company is planning to build a residential project in Chennai, India at a total cost of $3 billion, Gulf News reported.

He indicated that the project, which will occupy an area of 1,200 acres, will offer mixed-size apartments near the Chennai International Airport, with other facilities such as children's play area, swimming pools and basketball courts.

He added that Chennai, India's third largest commercial and industrial centre, attracts a large number of professional residents and tourists who come to visit the city's numerous sporting venues and attractions.

And from ETA Star's website:
ETA Star to invest Rs. 13,500 crore in Chennai
Quote:
ETA Star plans to invest over Rs. 13,500 crore in Chennai and its surrounding areas for developing property.

The company will establish an integrated township on 1,200 acres at Sriperumbudur with an outlay of Rs. 12,000 crore and five new projects with an investment of Rs. 1,350 crore.

Addressing a press conference here on Thursday, P. H. M. Syed Ismail, Managing Director of the company, said Chennai and its surrounding areas were buzzing with activity. He said after its successful launch of its Bangalore properties `Binny Crescent’ and `The Garden’ had now entered Chennai.

Mr. Ismail said ETA Star had already acquired 250 acres at Sriperumbudur. The integrated township would have a built-up area of five-crore sq. ft.

ETA Star would create a separate special purpose vehicle for the project in which it would hold 59.9 per cent, a foreign partner 40 per cent with TIDCO 0.1 per cent. ETA Star was talking to a few companies in the U.S. and Europe.

Mr. Ismail said the gestation period for the project was six to seven years from 2008 onwards. He said the Sriperumbudur project would be operated on the basis of FDI (foreign direct investment) norms.


About other projects, he said the company had launched its residential project - Jasmine Court - on 4.4 acres near Porur in Chennai. The total cost of the project was Rs. 80 crore. The residential apartments would range from 1,100 to 1,557 sq. ft., with a price range of Rs. 2,990 per sq. ft. This project would be the maiden residential project for ETA Star in Chennai.

ETA Star also planned to come up with two more residential towers on Old Mahabalipuram Road (OMR) and Greenways Road in Chennai. The OMR project would come up on a six-lakh sq ft. area and would cost nearly Rs. 240 crore. The company was also setting up a Rs. 600 crore Techno Park on OMR, he said.
1,200 acres and $3 billion investment is huge
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Old May 4th, 2007, 02:38 AM   #19
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Mumbai's Hyatt: The new Times Square

Quote:
Mumbai's Hyatt: The new Times Square
SUDESHNA SEN

TIMES NEWS NETWORK[ FRIDAY, MAY 04, 2007 01:08:48 AM]

LONDON: Mumbai's skyline could soon rival Manhattan's. Coming up, in Marine Lines, is south Mumbai's first large five-star hotel in the past 30 years. The Hyatt hotel is being designed by international hotshot architects, Fox and Fowles, designers of the iconic Conde Nast and Reuters Buildings, as well as as Nasdaq's landmark corner market site with its giant electronic display, in Times Square, New York.

We don't know exactly how tall this one's going to be, but if No 4, Times Square is any indication, expect it to loom over the rest of the Queen's Necklace. "South Mumbai has had no new really large hotels since the Hilton, this will fill that need," says Ashish Kalra, the New York –based managing director of Trikona Capital, one of the main investors in the project. Trikona is the asset manager for the Aims-listed Trinity Capital plc, which has invested and committed GBP 196 mn in India on real estate deals in the one year since its IPO.

The South Mumbai hotel project is part of a three-hotel luxury project being developed by Neelkamal Realtors, in Mumbai, Pune and Goa. All three will be managed and operated by Hyatt. Neelkamal MMDPL is an SPV set up in partnership between Mumbai-based property developers Dynamix Balwas and Trinity Capital. Trinity has an investment of GBP 11.9 mn in the SPV.

While the hotels in Goa and Pune are under construction, as of now, for the Mumbai project, the land has been vacated, and pre-construction planning and soil-testing done. Hyatt already has two hotels in Mumbai's suburbs. The hotels in Pune and Goa are being designed by international architects Buro Happold for Pune and GA Design in Goa.

The swank new hotel is South Mumbai is just one of Trinity's showcase investments; "Many foreign investors come and take a look at India, and then complain that real estate has a lot problems, with titles, with regulations and so on. Our strategy is to build a network of sustainable partnerships that will give us a steady flow of deals, along with a strong team of our own with expertise across sectors like hospitality, infrastructure, roads, healthcare and retail," says Mr Kalra.

Trinity has a JV with IL&FS, stakes in Fortis and Pipavav Shipyard, and investments in projects with Lokhandwala, Rustomjee Township, Uppals, and Manjeera in the south. The fund, which raised GBP 250 mn in April 2006, has recently announced that it has reached full investment ahead of schedule, and has a portfolio of 11 investments with a total development potential of 31 mn sq ft.

The fund's most recent deal was also with Dynamix Balwas, where it picked up a 5.92% stake in DB Realty Ltd, a GBP 500 mn SPV that is part of the Dynamix Balwas group for GBP 25.72 mn, to develop 12 real estate projects in central and outer Mumdai.


Another supertall in south Mumbai... and its gonna be 82 storey tall
882,000 sq ft. This could be around 300 metre +/- building ???

Hyatt Mumbai





Guys, this one even has a helipad on the roof..now thats awesome



more info.
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Last edited by cncity; May 6th, 2007 at 05:53 AM.
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Old May 4th, 2007, 03:52 AM   #20
Naga_Solidus
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Awesome! But what's the source for the renders and height? The FxFowle site doesn't have any info on this.

BTW, ya forgot the link to the text article

http://economictimes.indiatimes.com/...ow/1999730.cms
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Last edited by Naga_Solidus; May 4th, 2007 at 03:59 AM.
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