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Old March 23rd, 2012, 02:06 PM   #1421
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http://articles.economictimes.indiat...d-fort-capital


Kotak Realty to invest Rs 120 crore in Parsvnath Developers
Sobia Khan & Ravi Teja Sharma, ET Bureau Mar 22, 2012, 01.44AM IST


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township project|Red Fort Capital|Parsvnath Developers|Kotak Realty

BANGALORE | NEW DELHI: Parsvnath Developers is raising Rs 120 crore from Kotak Realty Fund for a new 100-acre integrated township project on Sohna Road in Gurgaon. Kotak Realty fund will get a 20% stake in the special purpose vehicle that will develop the yet unnamed project, more than one person in the know of the deal said.
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Old March 27th, 2012, 06:37 PM   #1422
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Work on Raheja's Oma project in Dharuhera's Sector 2A has begun:

Raheja Developers to invest Rs 300 crore in group housing project at Dharuhera

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NEW DELHI: Raheja Developers today said it will invest about Rs 300 crore in a group housing project at Dharuhera in Haryana over the next 4-5 years.

The project, Oma, will house 640 apartments and will be one of the tallest buildings in the area with 40 storeys, the company claimed.

"This is a very important project for us that will have all the luxury elements. We have already started construction and will invest about Rs 300 crore to develop it," Raheja Developers Chairman and MD Navin M Raheja said on the sidelines of an Assocham event on green buildings here.

The company will take slightly longer duration to complete the project than in usual cases due to its height and will hand over the flats in the next 4-5 years, he added. "We are targeting foreign nationals working in different MNCs, especially those in the auto firms, located in the industrial areas nearby. We are offering a wide range of flats from 1-BHK to 6-BHK," Raheja said, adding the total number of flats will be 640, including service apartments.

The sizes of the flats will vary between 550 sq ft and 4,500 sq ft. The company will offer the apartments at a price ranging from Rs 17.5 lakh to over Rs 1 crore, he said. When asked about source of funding, he said it will primarily be internal accruals.

Elaborating the project, Raheja said 'Oma' will offer a host of facilities of "global standards" to the residents such as international restaurants, spas and swimming pools.
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Old March 27th, 2012, 09:11 PM   #1423
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http://www.business-standard.com/ind...urgaon/468933/

Maruti shifts gear to set up Rs 1,700-cr diesel engine plant in Gurgaon

Buoyed by the increasing demand for diesel vehicles, the country’s largest car maker Maruti Suzuki India Limited (MSIL) on Saturday announced an investment of Rs 1,700 crore to set up a new diesel engine manufacturing unit at the company’s facility in Gurgaon, Haryana. The company will invest an additional Rs 900 crore in Rohtak to beef up research and development (R&D) facilities.

In a meeting held on Saturday, MSIL’s Board of Directors approved the setting up of the new unit, with an initial capacity of 150,000 units per annum. The unit will go onstream in 2013. In the second phase, production capacity would be expanded to 300,000 diesel engines by 2014.


“In the first phase, we will invest Rs 950 crore. After that, we will double the manufacturing capacity to produce 300,000 units per year by 2014. This will entail a total investment of Rs 1,700 crore,” said R C Bhargava, chairman, MSIL.
With the Finance Minister allaying fears of imposition of an additional tax on diesel vehicles in the Union Budget tabled last week, automobile manufacturers have begun to pull out all stops on their proposed investments in diesel engine facilities.

While Maruti Suzuki on Saturday approved the new unit in Gurgaon, rival Hyundai Motor India Limited (HMIL) is giving finishing touches to its plan to set up a diesel engine unit in Chennai. Likely to be set up at an investment of Rs 400 crore, the facility will have an installed capacity of 150,000 units per annum.

With petrol prices rising five times in the current financial year, the difference between the two fuels now stands at a whopping Rs 25.51 per litre, up from Rs 10 in April 2010, resulting in an increasing number of consumers opting for diesel cars. According to industry estimates, in the current financial year, the sale of diesel vehicles has grown by a whopping 35 per cent to account for over 47 per cent share of overall sales in the passenger vehicles segment.

Bhargava informed, “Petrol car sales have declined by 15 per cent in the current financial year. In the coming year, we are trying to bring down this decline to six per cent, but still we will be selling about 50,000 petrol cars less.
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Old March 27th, 2012, 09:16 PM   #1424
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IU, foreigners can buy property in India?
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Old March 28th, 2012, 03:07 AM   #1425
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Yes they can and they do in numbers...
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Old April 5th, 2012, 04:52 AM   #1426
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NRIs/PIOs can buy property but foreigners of non-Indian origin can't. Only if they've been a legal resident can they then apply for approval to buy property.
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Old April 5th, 2012, 08:37 AM   #1427
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Oh yes, I missed that I thought he was talking about NRI's..

IU also, I've sold few units in JayPee Greens , GreNo to Koreans and americans through power of attorney transfer....so there are ways
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Old April 5th, 2012, 11:50 AM   #1428
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Yah as far as I know anybody who is not an Indian passport holder/NRI-PIO cannot buy property in India. Thats what people in the foreign service told me.
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Old April 5th, 2012, 07:37 PM   #1429
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City to have helipad soon

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Corporate honchos frequenting Gurgaon’s Cyber City can bid goodbye to traffic snarls in the near future.

To provide better air connectivity, the Board of Approval (BoA) for special economic zones (SEZs) has given its nod to DLF Cyber City Developers Limited to build a helipad in
the cyber hub.

The firm is a subsidiary of DLF Limited.

The BoA headed by Union commerce secretary Rahul Khullar approved the developer’s request during a meeting in New Delhi on March 13.

The helipad will be set up on the rooftop of building no.14. Building no. 14 is situated off the national highway-8 and is in close proximity to the Gurgaon-New Delhi border.

However, the approval is subject to the condition that the helipad facility will be exclusive for SEZ operations.

The developer’s application had stated: “The facility will accommodate operations of helicopters which will be required not only for rescue operations.”

The developer has also given an undertaking that the structure of the rooftop would be modified to strengthen the building roof, while the building’s remaining part the will not be changed.

The developer has also given an undertaking that all required approvals from various government agencies like the Airports Authority of India, Director General of Civil Aviation, Bureau of Civil Aviation Security, ministry of home affairs, ministry of environment and forests will be taken by them before starting the facility.

The proposal was forwarded to the BoA by the special economic zones development commissioner.

The special economic zones in the cyber city was notified in April 2007 about an area of 10.73 hectares.

Earlier, the developer had worked out a 6.1-km long

private Metro Rail network to provide fast means of transportation to its prime colonised areas in Gurgaon, particularly Cyber City, which has a huge inflow of employees from Delhi and neighbouring areas.

The Haryana cabinet in 2009 had awarded the project for the Rapid Metro Rail — from Gurgaon’s Sikanderpur station to national highway-8 — to Rapid MetroRail Gurgaon.
http://www.hindustantimes.com/Punjab...e1-835709.aspx
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Old April 5th, 2012, 07:47 PM   #1430
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Quote:
Originally Posted by Master of Disguise View Post
Oh yes, I missed that I thought he was talking about NRI's..

IU also, I've sold few units in JayPee Greens , GreNo to Koreans and americans through power of attorney transfer....so there are ways
Not quite sure how you made the sale but the Power of Attorney is usually used by NRIs with foreign passports to transfer their old Indian property over to someone or make a new purchase on their behalf in the desh.

You're in the RE sector so you'd know more. Just be safe
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Old April 8th, 2012, 03:09 PM   #1431
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http://timesofindia.indiatimes.com/c...w/12575786.cms

Haryana Urban Development Authority to cement stretch leading to Sohna Road

GURGAON: The road that connects Sector 47, 50 and 51 to Sohna road is finally going to get cemented. HUDA has planned to cement the 1,200-metre road and allotted around Rs 1.5 crore for the project.

The company which has been given the project's tender has been asked to complete the construction work within the next four months. According to HUDA engineers, the construction of the road will begin next week and the department will ensure that good quality material is used for the road construction. As per the tender, the company has been asked to maintain the road for three years free of cost.

At present, residents of South City II, Today Blossoms, Mayfield garden, The Palladian, M2K Aura, Malibu Towne and others are using the road. Since the road is without a median, it becomes very chaotic in case of heavy traffic load. RWAs of several private colonies had been taking up the matter with HUDA for the past two years but in vain
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Old April 10th, 2012, 10:41 AM   #1432
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Thumbs up BESTECH BRAHMA ATHENA - sector 16 - opposite MDI

http://www.bestechgroup.com/commerci...aon&pro_type=2


Single iconic tower
Premium office space
G+21 storey
Visible from the National Highway
Indian architects RK Associates partnering with UK based architects Chapman & Taylor
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Old April 10th, 2012, 10:42 AM   #1433
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Thumbs up





Most desirable city center location in Gurgaon
12.206 Acre site (one of the largest commercial sites within the heart of Gurgaon)

400m long frontage to the main sector road
Overlooking the lush green MDI Golf Course
Gurgaon: Millennium City
Most premium location in Gurgaon
Ease of accessibility: on NH-8
Access through 45 meter wide sector road


Key distances:

- HUDA Metro Station: 3 minutes
- MG Road : 5 minutes
- Sohna Road: 5 minutes
- Delhi-Gurgaon Toll : 7 minutes
- Manesar Toll: 10 minutes
- International Airport: 20 minutes
- Delhi Commercial Hub: 40 minutes


// 10 mins from my house , they have already dug the basement etc , work is on in full speed
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Old April 10th, 2012, 10:43 AM   #1434
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Thumbs up

Easy access: 6 dedicated lifts from the basements for commercial users
Exclusive, members only, world class Athena club
Situated in the south east corner
25, 820 sq ft floor plate
Floor plate division
- Single
- Four Division
- Eight Division
Separate pick-up and drop-off for commercial corporate office clients
Landscaped gardens
Water bodies and fountains encompassing the iconic tower
State of the art security and 24 hour surveillance
Café's and ATMS on the ground floor servicing the commercial office clients
Triple heighted atrium
Grand entrance
Lobby height 50 feet
6 dedicated lifts for offices
1 additional service lift
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Old April 10th, 2012, 10:45 AM   #1435
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its parallel to signature tower , should be up in 2 - 3 years

im expecting some kick ass consulting companies to move in , its BANG on DGE , AE station would also be nearby

@ abhi : MDI just got a neighbour bro !!!!!!
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Old April 10th, 2012, 10:51 AM   #1436
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Thumbs up

construction updates

http://www.bestechgroup.com/commerci...aon&pro_type=2


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Old April 12th, 2012, 09:03 PM   #1437
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Quote:
Originally Posted by numb.soul View Post
its parallel to signature tower , should be up in 2 - 3 years

im expecting some kick ass consulting companies to move in , its BANG on DGE , AE station would also be nearby

@ abhi : MDI just got a neighbour bro !!!!!!
Does it lie directly on NH-8 or on the road connecting NH-8 with HUDA City Centre?
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Old April 13th, 2012, 06:06 AM   #1438
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Does it lie directly on NH-8 or on the road connecting NH-8 with HUDA City Centre?
road connecting to nh8 ( from ghoda chowk/BATA building - MDI - signature tower)
// other side of highway , old ggn technically

its main entrance is bang opposite to MDI front gate
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Old April 13th, 2012, 06:22 PM   #1439
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Quote:
Originally Posted by numb.soul View Post
road connecting to nh8 ( from ghoda chowk/BATA building - MDI - signature tower)
// other side of highway , old ggn technically

its main entrance is bang opposite to MDI front gate
Near (or at) the cremation ground? Btw, the main gate is at MG road.
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Old April 13th, 2012, 08:49 PM   #1440
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Quote:
Originally Posted by numb.soul View Post
road connecting to nh8 ( from ghoda chowk/BATA building - MDI - signature tower)
// other side of highway , old ggn technically

its main entrance is bang opposite to MDI front gate
@ghoda chowk.
Is it maharana pratap's statue there? Nobody knows who it is(including me).
Nice pics, btw.
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