|
Real Estate Update
Godrej Properties enters Bangalore
Godrej Woodsman Estate, consisting of seven 16 storeyed towers,
each with 120 apartments, has been launched by Godrej Properties,
the real estate arm of the Godrej Group to mark its entry
in Bangalore. The 2.3 million sq ft residential project is
on 15-acre the company acquired in 2004 from Amco Batteries.
The project is part of the company's plans to play a leading
role in Bangalore, Hyderabad and Chennai, with a total offering
of 20 sq ft premium space.
The company has started creating a land bank to take up commercial
and retail projects.
Contact: Godrej Properties.
Tel: 022-6651 0200. Fax: 022-2207 2044.
Website: www.godrejproperties.com
Liberty setting up 100 exclusive footwear outlets
Liberty Shoes Ltd has earmarked Rs 4 crore to set up at least
eight exclusive outlets in Gujarat - at Ahmedabad, Vadodara,
Surat and Rajkot in 2007-08. This is a part of its plans to
invest Rs 40 crore to set up at least 100 outlets in India.
The outlets will be addressed at the premium, standard and
budget segments in three formats. The company already has
an arrangement with Pantaloon Retail to market its products
at its malls. Liberty has expanded manufacturing significantly
at an investment of Rs 60 crore, setting up facilities in
the tax-free zones of Roorkee, Ponta Sahib I and Ponta Sahib
II.
Contact: Liberty Shoes Ltd. Tel: 0184-225 2533, 225 6100.
Fax: 0184-225 5636, 225 6400.
E-mail: knl@libertyshoes.com
Website: www.libertyshoes.com
Jurong to assist Global Entropolis Vizag Techno Township
Global Entropolis is awaiting environmental clearance for
80 acre it acquired from the Vizag Urban Development Authority
to commence work on its proposed Rs 900 crore techno township.
The company is keen to begin allotment in 2008 and complete
the entire project by 2010. The Bangalore-based developer
has roped in the services of Jurong International of Singapore
for the project. Techno township envisages developing 8 million
sq ft of residential and office space. In addition to 360
villas and 3,400 apartments, it will house a five-star hotel,
a mall, a school and other modern amenities. The company has
reportedly been approached by a corporate house for a block
of 500 apartments.
Contact: Global Entropolis. Tel: 080-2343 1366. Fax: 080-2343
1368. E-mail: crm@theglobalentropolis.com Website: www.theglobalentropolis.com
Simplex Infra's first realty project by December 2007
Simplex Infrastructures has bagged a Rs 106-crore project
for construction and completion of a seven-star hotel, the
Doha Hilton in Qatar. In India, the company plans to invest
Rs 5,000 crore by 2011 in residential and commercial real
estate projects. It will spend 10 - 15 per cent of the total
investment in real estate during 2007-08, primarily for land
acquisition. This is to consolidate the land bank in possession
in Delhi, Bhubaneswar and Jaipur, besides several West Bengal
towns. The first real estate project is scheduled for launch
by December 2007.
Contact: Simplex Infrastructures.
Tel: 033-2283 9953/5967. Fax: 033-2283 5964/65.
E-mail: simplexcal@simplexindia.com
Website: www.simplexconcrete.com
Manipal Group's mega retail plans
The healthcare retail foray of Manipal Group is to be launched
in July 2007 as a go-alone, with the rollout of Cure &
Care branded outlet for OTC and prescription products at Bangalore
and Ahmedabad. The Group plans to invest Rs 150 crore over
three years in segments like phar-macy, diagnostics, beauty
and wellness. There will be a minimum of 10 outlets by April
2008. Manipal Group plans to ride the retail boom with boutique-style,
doctor-driven products and services. Each outlet is to employ
at least 70 medical professionals, trained at Manipal's medical
institutions. They will cover specialties like pediatrics,
women's health, lifestyle problems, nutrition, eye, skin and
oral care. There will be in-house facilities for immunisation
and radiology.
Contact: Manipal Group. Tel: 0825-257 0927.
E-Mail: info@manipal.com Website: www.manipal.com
Sahil Group mulls IPO to fund five-star ambitions
Sahil Resorts, Agrifields and Farms has acquired land at Balewadi
in Pune for setting up a Rs 300 crore five-star hotel of 250
rooms. The company is in talks with a top international chain
of hotels to manage the property. Sahil Group has a three-star
resort-cum-Spa at Lonavala, which is run by Sarovar Hotels.
It is in the process of constructing another spa, said to
be Asia's largest, in association with Radisson Hotels &
Resorts and Mandara Spa at Alibaug near Mumbai. The Group
has huge plans in the hospitality sector and is weighing the
option of going the IPO route to garner funds for its ambitious
plans.
Contact: Sahil Group. Tel: 020-2543 0070/77.
Fax: 020-2542 0056. E-mail: sales@sahilgroup.net Website:www.sahilgroup.net
Rs 25 crore earmarked for PVR multiplexes in Gujarat
Deep Multiplex at Vadodara has been acquired by PVR, marking
its foray into the Gujarat market. The Rs 5 crore facility
also marks a shift from the greenfield route to acquisition
mode for expansion. The Vadodara project has been launched
under PVR Talkies, its economy format. The company looks at
operating at least 7 screens in multiplexes at each of the
four major cities of Gujarat. The entertainment company will
be investing Rs 25 crore in Gujarat in 2007-08.
Contact: PVR. E-mail: feedback@pvrcinemas.com Website: www.pvrcinemas.com
Sarovar to reinforce Bangalore presence with five star hotels
Sarovar Hotels and Resorts is readying to open its Savannah
Premiere Hotel at Whitefield in Bangalore by Dusserah. The
106 room luxury hotel will involve an outlay of Rs 55 crore.
The Sarovar Group will manage the hotel. The company's other
hotel project is Park Plaza Banga-lore, being constructed
by Ferns Builders and Developers. This Rs 100 crore five star
property with 220 rooms is scheduled for completion by December
2008.
Contact: Sarovar Hotels and Resorts.
Tel: 022-5635 0800. Fax: 022-5635 2766.
E-mail: mumbai.sales@sarovarhotels.com
Website: www.sarovarhotels.com
Salarpuria Group lines up 4 malls worth Rs 4,500 crore
The Salarpuria Group has lined up a Rs 900 crore investment
in two mall properties in Bangalore. Both the properties should
be ready for occupation in the last quarter of 2008. The company's
investment in Hyderabad, currently in the planning stage,
will be four times that of Bangalore. Its integrated commercial
development of 5 million sq ft near Hitech City will have
an outlay of Rs 3,000 crore and a 1.2 million sq ft development
on the banks of Hussein Sagar lake will cost Rs 600 crore.
Contact: Salarpuria Group.
Tel: 080-4120 6000. Fax: 080-2227 2119.
E-mail: salarpuria@salarpuriagroup.biz
Website: www.salarpuriagroup.biz
DLF-Hilton hotels' JV looks at 7 properties in Gujarat
The 74:26 JV between DLF and Hilton Hotels Corporation, which
plans to set up 50-75 hotels across the country, will be taking
up as many as 7 projects in Gujarat. The company had signed
an MoU with the government of Gujarat for this during the
Vibrant Gujarat Urban Summit. Ahmedabad, which surprisingly
does not have a single 5-star hotel worth the name, will see
4 Hilton properties, while Vadodara and Surat, will have 3
between them.
Contact: DLF. Tel: 011-4210 2030.
Website: www.dlf.in
DuPont Knowledge Centre contract for Indu Projects
Hi-tech materials giant DuPont has selected Indu Projects
Limited to build its Knowledge Centre at the ICICI Knowledge
Park in Hyderabad. The complex will house the first-ever plant
biotech research centre outside the US. Indu has been awarded
the contract for civil and structural works for the construction
of 5 blocks, to be executed by March 2008. DuPont Knowledge
Centre, which will see an investment of Rs 100 crore, will
come up on 15 acre.
Contact: DuPont. Website: www.dupont.com
Dunhill forays into India through S Kumar's
The British luxury men's brand Dunhill is to be rolled out
in a chain by S Kumar's. The first Dunhill outlet has been
launched in New Delhi and the plan is to open four stores
initially, with a Rs 4 crore investment in each. The plan
is to have 10 Dunhill outlets in the country in 5 years. The
2,000-2,500 sq ft stores will be located in five-star hotels
and the brand will be available at all luxury malls in the
country.
Contact: S Kumar's. Tel: 022-2496 5700/01/03. Fax: 022-2493
1685/2495 0402.
E-Mail: info@skumars.co.in
VGN Enterprises plans residential projects in Chennai
La Parisienne, a residential project with a French flavour,
has been launched in Chennai on a 5 acre plot. VGN Enterprises
is developing the project at a cost of Rs 70 crore. The six
blocks, having a total of 176 apartments, are named after
famous French landmarks - L'Ouvre, L'Opera, Montmarte, Eiffel,
Notre Dame, and St Germain. The six-decade-old property brokering
entity, confined till 2003 to layout development, has completed
two residential projects after foraying into property development.
It has sold 4,000 residential units and hopes to come up with
5 projects over the next two years.
Contact: VGN Enterprises. Tel: 044-641 2352,
641 2353, 641 2354. Fax: 044-642 0833.
E-mail: vgnenterp@now-india.net.in
Website: www.frontpoint.com
Mafatlal evaluating locations outside Gujarat for denim plant
Mafatlal Denim is scouting for a suitable location in a textile
park - either in an SEZ or near one - to site a denim plant
with an initial capacity of 5,000 garments a day, scalable
to 10,000 per day eventually. The company has an investment
outlay of Rs 25 crore for the plant. While it will prefer
to set up this unit in Gujarat, where it has the other unit,
it is evaluating better alternatives. The company is currently
doubling its denim fabric capacity to 20 million metre a year
with an investment outlay of Rs 110 crore and wants to process
part of it in its own garment unit from mid - 2008.
Contact: Mafatlal Denim.
Website: www.mafatlals.com
Feeder hospitals planned by Ambuja Realty
Siliguri in North Bengal and Bardhaman in South Bengal have
been identified by Ambuja Realty Development Ltd to build
feeder hospitals as an adjunct to the multi-specialty hospital
project coming up in Kolkata. The company has already acquired
land at Siliguri for a secondary hospital with 175 beds and
is looking for a suitable plot at Bardhaman. ARDL has tied
up with Elbit Group of Israel to build a Health City in Kolkata.
The JV, named Neotia Elbit Hospital Venture Ltd, will have
a biotech research centre and a medical college in the Health
City apart from a 1,000 - bed multi-specialty hospital.
Contact: Ambuja Realty Development Ltd.
Tel: 033-2285 0028 (12 lines). Fax: 033-2285 0610.
E-mail: mktg@ambujarealty.com
Website:www.ambujarealty.com
TNPL plans capacity expansion
Even as the Rs 565-crore mill development plan of Tamil Nadu
Newsprint and Papers Ltd is nearing completion, the company
has chalked up the next phase of capacity addition at an investment
of Rs 680 crore. The ongoing expansion is for setting up a
15,000 tonne printing and writing paper production unit and
to increase pulp production to 800 tonne per day from the
current 520 tpd. The fresh expansion will see setting up of
a third paper production line in order to make use of the
pulp now available. Post-implementation of this project by
September 2009, TNPL's printing and writing paper capacity
will be 3.65 lakh tonne per year in place of 2.3 lakh tpy
currently. TNPL is simultaneously going ahead with a 400 tpd
cement plant, at a cost of Rs 45 crore, to use lime sludge
waste and flyash generated by the factory.
Contact: Tamil Nadu Newsprint and Papers Ltd. Tel: 044-2301
094/97. Fax: 044-235 0834/235 4614. Website: www.tnpl.co.in
Zee sees good prospects for childcare business
Zee Interactive Learning Systems Ltd has launched its first
Kidz Care centre in Hyderabad. The company sees a tremendous
demand in the childcare business in India. With the services
sector offering more jobs to women, nuclear families where
both husband and wife work, managing the children poses a
challenge. Zee centres will help them through the crucial
phase of caring for children in the age group of 6 months
to 12 years. The company has finalised its plans to set up
35 centres across India through franchisees before the end
of the financial year 2007-08.
Contact: Zee Interactive Learning Systems Ltd.
Tel: 022- 2674 3900. Fax: 022-2674 3422.
Website: www.kidzcareonline.com
Reliance Pharma moving ahead with global scale generics facility
Reliance Pharmaceuticals Ltd will be starting construction
work for setting up a mega manufacturing facility for generic
drugs at the Reliance SEZ in Jamnagar, Gujarat. The new plant
will produce huge quantities of generic drugs that have just
gone out of patent. Normally, the price of the branded drug
falls sharply by as much as 90 per cent within days of it
going off-patent. This makes it a competitive segment that
can be sustained only by economics of scale. With its background
of pioneering global scale plants in India, Reliance will
be capable of pumping in several hundred crores in investment.
RPL is a wholly-owned subsidiary of Reliance Life Sciences.
While RLS operates in high-margin, research-based biological
products, RPL is looking at the generics market, where the
global market for off patents drugs will be worth $ 65 billion
by 2010.
Contact: Reliance Pharmaceuticals Ltd.
Tel : 022-2278 5000. Website: www.ril.com
Ansal launches Sushant Taj City
Sushant Taj City, a major integrated township project of Ansal
Properties & Infrastructure Ltd has been launched in Agra.
It has got approval from the UP Government under the National
Housing Policy. The project will consist of 1,200 independent
villas and 1,800 high class dwelling units and will be spread
over 460 acre. Ansals have earmarked 75 acre for greenery.
A modern multi-specialty hospital, a star hotel, a premium
shopping mall, a mini golf-course and a 300 seat amphitheater,
apart from provision for Wi Fi broadband connectivity and
piped cooking gas, are the unique features that will come
up here. The project will be completed by the end of 2010.
Contact: Ansal Properties & Infrastructure Ltd.
Tel: 011-2335 3550 (24 lines), 6630 2272-73.
Fax: 011-6630 2855 (Project).
Approval for European Technology Park in Faridabad
Manger village near Delhi, in Faridabad district of Haryana,
will house a Technology Park to be set up by European companies
to establish their high-end R&D-intensive units. Several
projects in biotechnology, pharmaceuticals and other scientific
fields are envisaged. Haryana Investment Promotion Board has
accorded preliminary approval to the 500-acre park that will
see investments to the tune of Rs 1,500 crore. The Dutch-Haryana
business consortium will catalyse substantial FDI in the projects
to be established in phases over 7 years. They are expected
to create 200,000 jobs directly and indirectly.
Contact: Haryana government.
Website: www.haryana.gov.in
Cotton County targets
500 outlets for garments
Nahar Group-promoted brand Cotton Country is set to enter
the women's apparel segment in a big way and plans to get
on the kids' garments bandwagon as well. It has already accomplished
a soft launch with Cotton County Femme range of women's wear
and Tazo brand of kidswear.
Nahar Retail will capitalise mainly on its strategy of catering
to the price-conscious mid-segment. The outlay to take the
number of outlets from 250 to 500 is estimated to cost only
Rs 10 crore; but the major investment will be in stocks and
logistics, to the extent of Rs 50 crore. With India getting
fashion and brand conscious, there is a lot of scope in these
sectors.
Contact: Nahar Group. Tel: 0161-2600 701 to 705.
Fax: 0161-260 0709/260 1956.
E-mail: nahar@owmnahar.com
Website: www.owmnahar.in
Lalani Group in for a 'Quantum' leap
Lalani Group is constructing a state-of-the-art IT park Lalani
Quantum in Pune. The Group has been in business since 1985
in Mumbai and has deployed the services of an international
team to put up the 200,000 sq ft structure. Lalani Quantum
will be provided with 100 per cent power back up and fail-safe
security and safety support infrastructure. Acce-ssible from
the Mumbai-Pune Expressway as well as the Pune-Bangalore highway,
it will have fun and entertainment zones to make it an exciting
place. An IT SEZ and a star hotel are also being developed
by Lalani in Pune's IT hub of Hinjewadi.
Contact: Lalani Group.
Tel: 2646 1198/2604 2802/ 2604 9317.
Fax: 2649 9363. E-mail: info@lalani-group.com
Website: http://lalanigroup.in
IT Park to be developed by Era Group
Era Landmarks (India) Ltd., a subsidiary of Era Constructions
(India ) Ltd plans to develop an IT Park in Greater Noida
at an investment of Rs 3,000 million. Spread over 10 lakh
sq ft it will have both residential as well as commercial
complexes. Development plan includes development of landmark
corporate towers, convention halls, service apartments, ultra-modern
clubhouses and residential complexes in close vicinity of
the IT complex.
Contact: Era Constructions. Tel: 011-2437 8011-20. Fax: 2431
8784. E-mail: eragroup@eragroup.in
Snapshots
Canara Bank has entered into an MoU with the Southern Railway
for installation of 11 ATMs-cum-E-ticketing kiosks in Kerala.
Sales India plans entry in Vadodara, Surat and Rajkot with
one store each.
Infosys Technologies has firmed up plans to invest Rs 306
crore for its first campus in Thiruvananthapuram.
Sagar Enterprise will develop a film city on 100 acre in Vadodara.
Mumbai-based Wockhardt Hospital to set up 30 hospitals in
the country by 2012 with state-of-the-art operating theatres
and a critical-care facility.
Asian Paints to set up a mega paint plant in Rohtak district
spread over 160 acre with annual capacity of 400-500 kl of
paint.
Rolta India Ltd to set up information technology park in Kolkata;
investment Rs 250 crore.
Parryware Roca Pvt Ltd plans to invest Rs 550 crore in the
next two years to expand its presence in the premium and luxury
sanitaryware market.
Italian leather brand Blue and Blues to set up 18 new exclusive
stores in the next three years.
ETA Star property developers has signed an MoU with the Tamil
Nadu government to set up an SEZ at Rs 3,750 crore.
Carmichael House to set up 100 stores by 2008 in Gujarat.
Reliance Retail Ltd to open 11 retail Reliance Fresh stores
in Nashik this year; five are expected to open by July 2007.
Dale Carnegie to establish finishing school on 35 acre plot
in Bidadi, Karnataka.
Bangalore Infra to develop five properties around Bangalore;
total investment Rs 140 crore.
Real estate developer Deyaar of UAE and Ansal API to develop
mixed use township with an investment of Rs 1,000 crore.
Fortune Park Hotels to add two more properties in Kumbakonam
and Madurai by the year-end spread over 40 acre.
Future Group's Home Solutions Retail (India) Ltd plans 40
more stores; targets turnover of Rs 7,500 crore by 2010.
Hyderabad-based Heritage Foods (India) Ltd has launched two
pilot stores in Chennai worth Rs 150 crore.
SP Apparels is planning to roll out seven company-owned Crocodile
stores in Delhi, Coimbatore, Hyderabad and Kolkata.
Sarovar Hotels and Resorts plans to set up 25 'no frills'
hotels in the next five years; investment Rs 200 crore.
Aditya Birla Group launches supermarket in Pune; aims to open
14 more in Pune.
Bhoruka Group launches IT Park project in Bangalore; investment
Rs 250 crore.
MGM Entertainment Pvt Ltd to put up Rs 400 crore, 600 room
five-star hotel in Chennai.
Pentasoft Technologies to venture into Mayajaal theme park
in tier-II and tier-III cities with a total investment at
Rs 100 crore.
Prajay Syndicate is taking up two housing projects in Vizag
at an investment of Rs 110 crore; scheduled completion 15-18
months.
The 100 crore Pyramid Retail is planning to introduce a home
delivery format for its TruMart stores to be started in the
second half of this year.
WeP Peripherals is expanding its Mysore facilities on 4,600
sq ft.
Café Coffee Day will soon set up a 2,500 sq ft sports
café in Pune. By September it will have 500 cafés
and 700 express outlets; plans to open 20 cafés a month.
Subhiksha to open its first store in Kerala in 3-4 months
with an investment of Rs 50 crore; area around 1,500 sq ft.
Hyderabad-based Heritage Foods is looking at making inroads
into residential locations with smaller stores with a floor
space of 700-800 sq ft.
Kerala Government in agreement with Chalet Hotels to set up
Rs 100-crore International Convention Centre Complex near
Akkulam Tourist Village.
Ansal Properties and Infrastructure Ltd and Fortis Healthcare
to set up Fortis Medicity in Sushant Golf City in Lucknow.
Women's retail chain store Straps is expanding outlets to
40 by March 2008; projected investment is Rs 50 crore by March
2009.
Deccan Estates has finalised land at the Race Course for high-end
apartments in Coimbatore; project to be completed in two years.
| |
