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Old April 27th, 2011, 01:01 PM   #1661
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at least we get more and more pics
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Old April 27th, 2011, 01:49 PM   #1662
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the construction site looks so cramped and ugly! but atleast their working on the tower
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Old April 28th, 2011, 05:31 PM   #1663
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Glad to see that this is going well! I hope that it doesn't slow down.
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Old April 28th, 2011, 06:24 PM   #1664
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Having all three cranes up will be an early milestone to look forward to, because then the building begins to go upward.
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Old April 28th, 2011, 10:20 PM   #1665
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Exactly ....
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Old April 29th, 2011, 02:19 AM   #1666
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2G-tainted stocks plunge on asset seizure fears
TIMES NEWS NETWORK, TNN | Apr 29, 2011, 03.52am IST

MUMBAI:An assurance by the Enforcement Directorate (ED) to the court overseeing the 2G telecom scam investigations that it will soon move to attach properties of firms allegedly involved in the scam sent investors offloading the stocks of Reliance Communications, DB Realty and Unitech on Thursday.

While RCOM tanked 5.1% to Rs 99.85, DB Realty lost 4.2% to close at Rs 99. Unitech crashed 7.5% to settle at Rs 37.40. All the three firms are being investigated by CBI and ED for multiple rule violations during the spectrum allocation process and several of their top executives are in custody. All the firms have denied any wrongdoing.

The RCOM stock closed below the Rs 100-mark again after staying above the three figure mark for one-and-a-half months. The last time it had closed below this level was on March 11 at Rs 96.30. Other than the possibility of assets seizure, the group companies and executives of these firms could also face action from investigative agencies, market players said. So far, the only saving grace is that the lawyer representing the government agencies, K K Venugopal, has not named the companies.

The companies that have been named in the chargesheets filed by the CBI include Reliance Telecom, a wholly-owned subsidiary of RCOM, Unitech Wireless, a Unitech group company, and Swan Telecom, now Etisalat DB Telecom, which is partly owned by the DB Realty group. Executives from these groups, along with former telecom minister A Raja and his associates, have been named by the CBI.

Bloomberg quoted Unitech as saying that it has not been named in the CBI chargesheet and the matter pertains to Unitech Wireless, a "separate legal entity". DB Realty said none of its properties were being attached by the ED and "neither have we received any intimation on the above from the concerned authority".

Given the current situation in the 2G scam investigation, dealers expect analysts to cut their target prices for these stocks. Interestingly, on February 15, foreign broking major JP Morgan had stopped its coverage of DB Realty saying the company's fundamentals did not match up to the company's stock price. As per Bloomberg data, Antique Stock Broking has a target price of Rs 209 for the Mumbai-based realty firm, which was set on March 3 and is still unchanged. For RCOM, HDFC Securities has a target price of Rs 123, set on Tuesday. And for Unitech, JP Morgan set a price target of Rs 60 on March 23 while Antique set a target price of Rs 102 on March 3.
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Old April 29th, 2011, 02:53 AM   #1667
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Omg I hope this doesn't mean delaying or cancelling the project!
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Old April 29th, 2011, 04:44 AM   #1668
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This is related to the Telecom arm and not the property sector. It should be fine.
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Old April 29th, 2011, 04:54 AM   #1669
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Quote:
Originally Posted by Munwon View Post
This is related to the Telecom arm and not the property sector. It should be fine.
Yea - looks like they've accelerated the work if not anything else!!
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Old April 29th, 2011, 05:05 AM   #1670
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This has been going on for some time .. The stock prices of DB realty have tanked from around 450 to 100 rupees but was even less a few months ago .. and have moved up a little since ... They are changing their whole board and hopefully it won't affect the real estate arm !!!
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Old April 29th, 2011, 05:26 AM   #1671
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Since this project is kept confidential, and its height and specifications weren't released officially...Imagine, after this is built, it would be much shorter than 700 m....I would be really pissed off, and because we are just speculating, i am not sure.....hope it turns out to be what we want.....
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Old April 29th, 2011, 08:58 AM   #1672
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Just because it hasn't officially been released doesn't mean we don't know what the height is There have been many diagrams and drawings posted on this forum
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Old April 29th, 2011, 11:12 AM   #1673
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Quote:
Originally Posted by dunefreezer View Post
Since this project is kept confidential, and its height and specifications weren't released officially...Imagine, after this is built, it would be much shorter than 700 m....I would be really pissed off, and because we are just speculating, i am not sure.....hope it turns out to be what we want.....
sine like you said the height is kept confidenti the actual height
may even be more than 720m it may be also 800m nobody knows untill
they release solid info. On the tower
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Old April 29th, 2011, 11:23 AM   #1674
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Quote:
Originally Posted by Munwon View Post
This is related to the Telecom arm and not the property sector. It should be fine.
"DB Realty". The owners are arrested.

"The real estate company that has also lost half a dozen directors over the past weeks announced in the same statement Krishna Murari Goenka and Usuman Balwa as additional directors. Their sons, Vinod Goenka and Shahid Balwa, were among the resigning directors after the police arrested them following the 2G spectrum scam involving DB joint venture Swan Telecom that the company was running together with UAE-based telecommunications provider Etisalat."

http://newstonight.net/content/mccoo...tors-db-realty
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Old April 29th, 2011, 01:50 PM   #1675
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i was shocked at first. good that it not may change the project plan
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Old April 29th, 2011, 07:21 PM   #1676
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Quote:
Originally Posted by Eastern37 View Post
Just because it hasn't officially been released doesn't mean we don't know what the height is There have been many diagrams and drawings posted on this forum
Yeah, but Eastern37, This is the Internet, we can't trust everything....Also, I have read every single page in this thread and the sources obviously point to 700 m Triangle spire Tower..Could you honestly tell me you are sure that this will be built with 100% accuracy..

Quote:
Originally Posted by charles54 View Post
sine like you said the height is kept confidenti the actual height
may even be more than 720m it may be also 800m nobody knows untill
they release solid info. On the tower
It would be awesome if it goes taller, but the height restrictions play a big role even for Lodha's 450m World One.....But like you said, only time can tell and hope it leans towards our wishes...But there are hopes that height restrictions eases itself.

So there is chance for the tower to get shorter or taller.
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Old May 1st, 2011, 03:19 AM   #1677
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Quote:
Originally Posted by charles54 View Post
the construction site looks so cramped and ugly! but atleast their working on the tower

Agreed! Look at the neighboring buildng in Image 2.
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Old May 1st, 2011, 04:01 PM   #1678
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Picked from the India forums,

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Originally Posted by shreyansh View Post
photo copyright: STR

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Old May 1st, 2011, 06:42 PM   #1679
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Very Nice shreyansh for finding it....and Thanks Savz for pointing out in this forum....
Very nice representation of the height....Would like too see a cleaner height comparison between Khalifa and India Tower......Wanna see where the spire ends compared to the height of Burj Khalifa.
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Old May 1st, 2011, 07:14 PM   #1680
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nice comparison
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