Life in a pulsating neighbourhood.

Presenting a refreshing new look at modern living. Palm Hills, Gurgaon, with welcoming green spaces, invigorating fresh air and sunlight, and modern design concepts that complement your sensibilities. Palm Hills. Quite simply, one of the best decisions you will ever take.
Walk in, and be impressed by the sense of space and the attention to detail and workmanship. Appreciate the uncompromising quality all around and the various amenities that befit modern residences.

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Base Plan
Type A1- Typical Floor Plan (1,450 sq. ft.) Type B1- Typical Floor Plan (1,950 sq. ft.)
Flexi-Option 1
Type A2 Type B2
Flexi-Option 2
Type A3 Type B3

DLF presents its new residential project “Westend Heights New Town” in Bangalore. Offering 2/3+Sr bedroom apartments area ranging from 1085 sq ft to 1820 sq ft with modern amenities.DLF Westend Heights New Town features an open-layout with buildings being placed in a manner that there is no overlooking and most of the apartments enjoy the views of structured landscaping.

Westend Heights New Town is a premium residential township with a appending Spanish style of architecture against a backdrop of fabulous gardens.

Features:-
Swimming Pool
Gymnasium
Children Play area
Club Facility
100% Power backup
24×7 water supply
Convenient shopping facilities
State-of-the-art healthcare facilities

Lcatation - DLF Westend Heights New Town located at BTM Extension, Bangalore 3.5 km form Apollo Hospital 4 km ILM-B, Electronics City 8 km, Railway Station 16 km and Airport 50 km.

Source : onlineprnews.com

Bengaluru, Karnataka, February 9, 2010 /India PRwire/ — India’s leading hotel chain, ITC hotels, recently announced the opening of its premium luxury hotel ITC Royal Gardenia, Bengaluru, A Luxury Collection Hotel. The launch also marks the opening of Starwood’s 150th hotel in Asia Pacific and the 8th Luxury Collection hotel in India. Owned by ITC LTD, the 11-storeyed hotel features 292 guest rooms and suites, an outdoor pool, tropical gardens, five restaurants and lounges, a business centre and ITC’s spa, Kaya Kalp. Located in the heart of the garden city and overlooking the century-old Bangalore Club of Bengaluru on No.1 Residency Road, the property opened door on October 14, 2009.

We are honoured to continue our partnership with ITC by opening our eight Luxury Collection hotel in India. India has our largest footprint of Luxury Collection hotels and resorts in Asia Pacific. This new addition is a demonstration of our commitment to grow the brand in a destination which is rich in History, Culture, Colours and Flavours. Said Miguel Ko, Chairman and President, Starwood Hotels & Resorts, Asia Pac.According to Nakul Anand, Divisional Chief Executive, ITC Hotels Division, “Eco-Responsible ethos are an inherent part of our system. The challenge in creating ITC Royal Gardenia was to see how luxury and responsibility could be in harmony. Bengaluru has always been India’s ultimate garden city and in our own small way, we hope to give back to the city what time took away.

The property features more than 1756 sq.mt (approx 19000 sq ft) of meeting and event space, equipped with the latest state of the art technology. Dining options include ITC Royal Gardenia’s signature restaurant Kebabs and Kurries, featuring locally grown ingredients and indigenous Bengaluru flavour. At West View, the customers can enjoy Mediterranean-style grills. The hotel 24 hour all day dining restaurant, cubon pavilion, offers international cuisine and local delights. Commited to sustainable luxury ITC Royal Gardenia implements research and practices used at the platinum rated ITC Green Centre in Gurgaon, including energy and water efficient plumbing, solar energy, rain-water harvesting system and zero solid waste, ensuring the hotel remains carbon positive and energy neutral.

Source : indiaprwire.com

Now hotels can be set up on industrial plots in Rajasthan without shelling out any extra penny. Rajasthan State Industrial Development and Investment Corporation Ltd. (RIICO), the industrial development agency, has given its nod to the conversion of industrial plots into hotels.

RIICO managing director Rajendra Bhanawat told ET that this step would promote hospitality industry in the state. “The state government has notified tourism as an industry. Hotel business now is no longer considered as commercial activity. Entrepreneurs can set up a hotel on an industrial plot without going for any change in land use for commercial purposes of the plot,” he said.

According to RIICO’s Infrastructure Development Committee (IDC), the allottee will not be required to pay any conversion charges. Earlier, allottee had to pay thrice the prevailing value of the industrial plot for the conversion.

More : economictimes.indiatimes.com

Ending months of uncertainty over the fate of its Rs 1,000 crore Infopark project in the city, DLF, India’s biggest real estate developer, looks all set to start construction work of the project by April 1 this year.

We had a recent review meeting on the status of DLF’s Infopark project with the company’s executive director. The real estate player is committed to kick off work on its Infopark project by April 1 this year”, said Pradipta K Mohapatra, the state IT secretary.

DLF has sought some changes in the contour of the project to be developed over 54 acres near Infocity region of the city. It is keen on setting aside a greater area for non-processing facilities like shopping malls and multiplexes.

More : sify.com

Anand rathi has recommended a `Buy` on Unitech with a price target of Rs 127 as against the market price (CMP) of Rs 76 in its report dated Feb. 2, 2010.

Unitech`s 3QFY10 net profit stood at Rs 1.76 billion, slightly above our estimates (Rs 1.71 billion). EBIDTA margin came in at 24% (vs 55.5% the previous quarter) due to a one-time hit on account of increase in construction expenditure and delay in older projects.

Revenue from real estate (Rs 6.27 billion) booked during the quarter came from the older projects and minimum asset sales.

More : myiris.com

The Lost Property Office of the Delhi Metro Rail Corporation (DMRC) jotted down the first entry in its logbook on January 17, 2004 —Rs 1,100 in banknotes found at a platform in the Kashmere Gate Metro station.

But six years and 870 other finds later, the money still awaits its owner in a steel almirah of the LPO office in the same station.

Sanjeev Kumar Sharma, the manager of the Kashmere Gate Metro Station and the ex-officio in-charge of the LPO, explained how a lost article finds its way to the Kashmere Gate office. “For the first 24 hours, the articles are kept at the station from where they are found. After that, they are transferred to the Kashmere Gate Metro station. At every step, details of the item found are meticulously noted down,” he said.

More : indianexpress.com

The country’s leading real estate company DLF is seeing some improvement in the sentiment from the Street. Several analysts have upgraded their recommendations from the negative zone earlier. One of the reasons is the slow but steady uptick in real estate sales. DLF managed to recorded revenues worth Rs 2,030 crore in the December 2009 quarter, 16% higher that the September 2009, and 48% over the same quarter of the previous year. However, analysts are still not gung-ho as the operating margin was way below expectation at 41%, a sharp drop compared to the 56.5% in the December 2008 quarter and 52.2% on a sequential basis. The main reasons, cite analysts, is higher than expected revenue booking from lower margin areas, especially in the Chennai and New Gurgaon projects.

An increase of around 20% in employee costs (and other miscellaneous) also caused the margins to slump. In the December 2009 quarter, DLF sold around 3.1 million sq ft of projects with a mix of luxury, high-end and premium homes. And if the luxury market picks up further, the margins could stablise at earlier levels. Another trigger would be a pick up in office sales, which remains flat. In the first nine months of financial year 2009-10 DLF sold approximately 8.5 million sq ft of residential real estate and it is expected that the company would manage around 13.5 million sq ft and analysts would be watching out increased revenues in the last quarter.

DLF in December 2009 had announced the integration of its 100% interest in its main rental subsidiary DLF Cybercity with the holding company for DAL in a 60:40 share swap ratio. The successful listing of DAL on Singapore will boost the sentiment further. However, with interest rates coming under pressure any rate hikes would be the dampener.

Source : financialexpress.com

Municipal Corporation of Gurgaon (MCG) has often been at the receiving end for the concrete jungle that the Millennium City resembles. But now, acknowledging the importance of green areas, the civic body has come up with a plan to build a 160-acre biodiversity park in DLF Phase-III that will not only change the view of the area but also reinforce the ecology of Gurgaon.

The project, which will cost around Rs 60 crore, will re-establish the local Aravali ecology and create a multi-facet community resource. We will promote the development of green spaces that utilize native plants and will attempt to create a balance between development and ecological conservation though this park, said a senior MCG official.

Officials said development in Gurgaon has often come up at the cost of ecology and with the help of this project they hope to stem the loss of plant and animal species.

More : timesofindia.indiatimes.com

India’s largest real estate firm by market value, DLF Ltd, will be able to raise only half of the targeted Rs5,500 crore this fiscal—by selling assets that are not central to its business of developing property.

DLF is selling non-core assets to reduce debt. The company’s net debt for the quarter ended 31 December went up by Rs695 crore to Rs12,830 crore, compared with Rs12,135 crore in the preceding quarter. The realtor’s net debt to equity ratio is 0.5.

In an analyst presentation published on the company’s website, DLF has said that it will raise around Rs1,250 crore from asset sales and refunds by the end of the fiscal. This will take the total amount raised from asset sales during the fiscal to around Rs2,500 crore.

More : livemint.com