http://www.business-standard.com/common/storypage_c_online.php?leftnm=11&bKeyFlag=IN&autono=18435Pantaloon Retail's food division is planning to increase the number of Food Bazaar outlets from 60 to 135 by December 2007.
"Besides metros, people in tier-II cities and towns are also ready for the modern food retailing formats. We are, therefore, gearing up to open 75 more Food Bazaars across the country by the end of next year. Our cut-in stores will continue to be a part of Big Bazaars and Centrals, and we intend to set up stand-alone stores in smaller cities like Visakhapatnam and Mangalore. The properties for our expansion plan have already been signed," Damodar Mall, president and chief executive officer (food business division) of Pantaloon Retail, said after the launch of the company's first stand-alone Food Bazaar in the city today.
--Kumaraswamy to lay foundation stone for the project
--Stretch between Kulkunda and Gundya to be developed
--12 bridges on the stretch to be re-constructed
MANGALORE: Chief Minister H.D. Kumaraswamy will lay the foundation stone for the widening of Kukke Subrahmanya-Gundya road at Subrahmanya on Wednesday, according to official sources.
The road connects the temple town with National Highway no. 48 (Mangalore-Bangalore) at Gundya at the foothills of Shiradi Ghat. The Government has proposed to widen the stretch between Kulkunda and Gundya on this road.
According to officials in the Department of Public Works here, this stretch would be widened from 3.75 metres to 5.5 metres. The single lane road would be developed into an intermediate lane road, they said.
The road would be developed by using Rs. 80 lakh from Central Road Fund (CRF)and Rs. 360 lakh from Karnataka Road Development Corporation Limited. The development includes re-construction of 12 bridges on the stretch. Tenders have been called to take up works, they said.
A four-km stretch between Kukke Subrahmanya and Gundya had been widened during 2004-05 under CRF, they said. B. Nagaraja Shetty, district in-charge Minister, D.V. Sadananda Gowda, MP, will also participate in the function.
Road to be closed
Deputy Commissioner of Dakshina Kannada M. Maheshwar Rao has banned movement of vehicles from Kaikamba to Gundya on the road from December 15 to April 30, 2007 to take up widening works, an official release said.
Radhieka Pandeya in New Delhi | June 09, 2007 12:42 IST
Last Updated: June 09, 2007 13:15 IST
...While north India has already witnessed this phenomenon, it is now the south's turn to spring up architectural delights in the shape of housing projects which promise an entire city within a city. Topping the list of development and for investment, say experts, are Visakhapatnam (Vizag), Kochi, Mysore and Coimbatore.
Close proximity to IT hub Bangalore has driven the residential real estate development in Mysore, with majors like Brigade Group and Sankalp moving in to capture the growing market. Brigade alone, having successfully completed several projects in the city, has six more in the pipeline at the rate of Rs 2,490 per sq ft, one of which is already sporting a 'house-full' tag.
The suburbs of the city like Jayalaxmipuram, Vontikoppal, Yadavgiri, Laxmipura, Vijaynagar, Gokulam, KRS Road in the north and Kuvempunagar, Lalith Mahal, Visweshwaranagar, Nanjungud, JP Nagar towards the south host a number of multi-storied apartments.
The enormity of development in Mysore is evident. Sankalp already has 12 completed projects in the city and five more in the waiting. Its Central Park project in Mysore will cover 18 acres and will be a self-contained residential-commercial complex. With only 22 per cent marked for construction, the complex ensures varied landscape along with entertainment areas and a mall. But the story doesn't end here.
Mysore is set to undergo drastic development in the near future with majors like Sobha Developers [Get Quote] and Purvankara ready with designs for residential complexes. "We already have experience in corporate campus development for Mysore but now we're eyeing the growing residential market. We've bought the land and will start construction soon," reveals Jack Bastian Nazareth, executive director, Sobha Developers...
Karnataka's High Level Clearance Committee today approved 28 proposals to set up new industries involving an investment of Rs 49,054.89 crore.
The areas of investment are in IT, cement, steel, education and electronics, a release by the Governor's Secretariat said.
The industrial units after commissioning would generate employment to 4.19 lakh people, the release said.
The investments are being made in tier II cities, including Hiriyur, Gulbarga, Mysore, Mangalore, Muddebihal, Gamanagatti, Hospet, Hassan, Afzalpur, Yadgir, Kunigal, Koppal, Sandur, Haveri in addition to some in Bangalore rural district.
The projects included an airport-based multi-product special economic zone at an investment of Rs 3,384.65 crore to be established by the Bangalore International Airport Ltd, which has built the new airport in Devanahally here.
Limitless Properties Ltd has got the approval for setting up a multi-product SEZ in Hiriyur in Chitradurga district at an investment of Rs 4,164.40 crore.
R M Steels Ltd will be setting up a Rs 15,700 crore integrated steel plant in Koppal while XINDIA Steels a similar plant in the same district with an investment of Rs 8,735 crore, the release said.
Sobha Developers, a Bangalore-based real estate developer, is foraying into Mysore realty market with three projects this financial year.
The company has lined up a villa project on 14.5 acres at Jattihundi village and 500,000 square feet each residential and commercial project on seven acre plot in Belvatha grama near Mysore.
Sobha Developers' presence in Mysore for the last couple of years has only been through a contractual project for IT major, Infosys Technologies.
"Mysore entry is part of our strategy for tier II cities in Karnataka. Land for the projects was bought long time ago from internal accruals," said J C Sharma, managing director, Sobha Developers.
"We plan to take up 12 million square feet of development this financial year (2008-09) spread across six cities with a budget of around Rs 2,200 crore. This involves our entry to Mysore, Chennai and Gurgaon realty markets. The investments for these will be through customer advance, internal accruals and debt," he added.
Sobha Developers during financial year 2007-08, took up a similar scale of development (12 million square feet) of which 90 per cent was residential.
Presently, the company has 28 ongoing projects and forthcoming are 20. In commercial development ongoing is three projects aggregating 1 million square feet and forthcoming is 20 projects aggregating 16 million square feet.
Source - MoneyControl.comAccording to a NASSCOM - A.T Kearney study, Mysore is all set to breakout into the big league on the BPO scene because of availability of talent and the city’s proximity to Bangalore. So, while the big firms like Infosys, Wipro and HCL are setting up big global trading and delivery centers here, it’s the smaller firms that are actually able to dig in their heels into the local talent pool.