Indian property developer DLF Ltd. is finalizing plans to enter the countrys telecommunications sector as it seeks to join other developers wanting to tap growing demand for such services, a person close to the situation said.

DLF, founded by billionaire K.P. Singh, may partner with a foreign telecom operator for the new business, the person said,

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Source : online.wsj.com

A major portion to pay for land acquisitions and approvals.

Realty firm Emaar MGF, which has filed its draft red herring prospectus with market regulator Sebi for its maiden public offering on Wednesday, expects to raise Rs 6,000 crore from the issue, say sources associated with the companys plans.

Emaar MGF is offering up to 117.4 million shares at a price to be decided through a book-building process.

More : business-standard.com

Real estate firm DLF Ltd would shortly open its second IT park in Kolkata on 25 acres of prime land to offer 2.5 million sq ft of workspace for IT and ITeS companies.

With the success of our first fully leased and operational IT park in Kolkata, we have seen many software companies drifting towards the city. Our upcoming IT park will become an important part of the new IT corridor at New Town Rajarhat and will generate 40,000 jobs, directly or indirectly, said A S Minocha, chairman, DLF Commercial Developers Ltd.

This IT park would have an investment of Rs 700 crore and to be developed in phases. The first phase was expected to get operational by the end of the current year or early 2008. It would cater to all MNCs and domestic firms in the IT and ITeS segment.

More : newstodaynet.com

Are you planning to buy, sell or rent a property in Delhi? Find out the best areas for investing in Delhi properties are and what is the best way to invest in Delhi real estate. Delhi, which is considered to be one of the fastest growing metropolitans in the country and enjoys the status of the most matured real estate market has plenty to offer in terms of residential and commercial properties. The prime locations for properties in Delhi are Aurangzeb Road, Chanakyapuri, Hauz Khas, Niti Bagh and Prithviraj Road. The Delhi property prices are at a steep at these prime locations where the capital values can range anywhere between 10000 and 12000 per sq ft.

The Delhi real estate has seen a spurge in the demand of properties in areas like Dwarka, Rohini, Mayur Vihar and Patparganj. The growing IT and ITES sectors have further fuelled the need for expansion in the Delhi real estate sector. The booming IT and ITES sectors has led to a tremendous growth in employment opportunities and coupled with a range of easily available home loans has made it easier for people to invest in Delhi properties Both big and small real estate developers have invested in developing residential projects that are reasonably priced and that caters to the middle class segment.

The demand for Delhi Properties in areas like Dwarka has increased due to the metro network and its close proximity to Gurgaon and this has also seen a rise in the property prices of the multi-storeyed flats and apartments. Areas like Mayur Vihar and Patparganj in East Delhi are also witnessing a dramatic increase in Delhi real estate development as it is well connected to Noida and perfectly suits the requirements of the professionals and the working community. The other important reason for real estate development in East Delhi is also because of the upcoming 2010 Commonwealth Games and this has already led to an increase of Delhi property prices. The government is taking all the necessary steps such as setting up of a large number of group housing societies to abridge the demand-supply gap in the Delhi property market.

More : pr-gb.com

A rental budget of Rs 40,000 is big. So will be your apartment. South Delhi has some options. Two-bedroom apartments of 2,700 sq ft are available in Gulmohar Park and Defence Colony, while in Greater Kailash II you can get three-bedroom flats of 2,200 sq ft area.

In west Delhi, Punjabi Bagh and Kirti Nagar can offer three-bedroom furnished apartments of 1,900 sq ft. One can also try east Delhi area like Patparganj. In some housing societies you can get also get four to five-bedroom apartments, for slightly less than Rs 40,000.

Up-market suburbs like Gurgaon have some options available in this range. DLF City Phase IV offers three-bedroom apartments of 1,750 sq ft. Wellington Estate in DLF Phase IV has slightly bigger four-bedroom flats. One can get three-bedroom apartments in Ridgewood Estate in DLF Phase IV at rent below this amount. Similar kind of accommodation is available in DLF Phase V. But the area would be 1,350 sq ft.

More : expressestates.in

Emaar MGF Land Limited (Emaar MGF or the Company), a joint venture between one of the worlds leading real estate companies Emaar Properties PJSC of Dubai, and MGF Development Limited of India, has filed its Draft Red Herring Prospectus (DRHP) with the Securities & Exchange Board of India (SEBI) to enter the capital market with its initial public offering (IPO) of equity shares.

The Company is proposing a Public Issue of approximately 117 million equity shares of Rs. 10 each for cash at a price to be determined through a 100% book building issue.

The Global Co-ordinators and Book Running Lead Manager (BRLM) to the Issue are Enam Securities Private Limited and DSP Merill Lynch Limited. The Book Lead Managers are Citigroup Global Markets India Private Limited, Kotak Mahindra Capital Company Limited, HSBC Securities and Capital Markets (India) Private Limited, J.P. Morgan India Private Limited and Goldman Sachs (India) Securities Private Limited.

more : moneycontrol.com

n 1977, the year she passed away, Kesarbai Kerkars unforgettable rendition of raga Bhairavi, Jaat kahan ho, literally reached the celestial heights. This happened not because of her divine vocal talent (Tagore had conferred on her the title, Surashri, after an earth-shattering performance in Calcutta), and turned out to be a different kind of apotheosis. In fact, it was the Voyager spacecraft that carried her recorded voice to outer space, along with a selection of several other immortal melodies.

Many years later, Namita Devidayal learnt about this fascinating journey from a mischievously cryptic remark made by her guru, Dhondutai Kulkarni: Did you know that Kesarbais music is circulating through the solar system? I gave my teacher a bemused look, Devidayal confesses, but suspended disbelief for the story that would follow, for I knew it would be charming, even if apocryphal.

It is this endless curiosity for stories — about lifes little ironies, great tragedies or strange comedies, and not all of them related to music — that has kept Devidayal close to her music teacher for almost three decades. In her excellent first book, The Music Room, she weaves these tales together with the sophisticated whim of a khayal-singer. And just like an accomplished classical artist, Devidayal manages to give her narrative an overarching structural unity. The odds and ends of many kinds of life-writing — autobiography, biography, reminiscences, and table-talk — come together in this structure.

More : telegraphindia.com

MUSCAT — The Indian Property Exhibition 2007 opens today at Al Falaj Hotel.

Billed as India — a destination for investment, the exhibition will feature Indias leading builders, promoters, real estate companies, banks and financiers.

India has turned out to be a real estate hotspot and NRI investors wanting to invest in real estate will have access to a first hand information on the upcoming and on-going real estate projects.

More : timesofoman.com

Real estate firm DLF has said it will set up its second IT park here with an investment of Rs 700 crore.

The park, spread on 25 acres, would have 2.5 million square feet of IT and ITeS workspace.

The company informed the BSE that the project would entail an investment of Rs 700 crore and will be developed in phases.

More : business-standard.com

The Mumbai municipality (BMC) has served stop work notices to 31 mill properties because the mills have not yet handed over the share of mill land that they owe the state.

The land rules say that mills need to give a third of the vacant land in each plot to the BMC to develop public grounds and one third to the state housing board MHADA to build low cost housing.

A formula cleared by the supreme court a year ago, but so far BMC received 3.85 hectares against 13.62 hectares while MHADA received 2.75 hectares against 7.35 hectares it was supposed to receive.

More : ndtvprofit.com