An entity thats seen-it-all during the past 60 years… glorious if we could call it, or rather successful with a touch of style - thats Eros Group for you!

Even today, the company is all set to grow bigger, getting bulkier by the day, having tasted success in all its previous ventures in the fields of real estate development, colonisation, hotels and restaurants and film exhibitions business.

With a land bank of roughly 500 acres in the most lucrative stretch of the National Capital Region (NCR), the companys upcoming projects include a township and a mall each in Gurgaon and Faridabad, a corporate tower in Manesar and a 700-room five star hotel in Gurgaon. An animated and enterprising Avneesh Sood, Director, Eros Group gets candid while discussing his plans with Business&Economy for the group and developments in the realty sector.

More : newindpress.com

Property buyers are eyeing Tier II cities as real estate prices in the metros have hit the roof.

Kunal Banerji, president, marketing and corporate communications, Ansal API said, Around 60 per cent of the total of 7,000 acres of land that we are developing in North India is mostly in Tier II cities.

An improvement in infrastructure in the smaller cities has also encouraged the buyers. Issues such as higher interest rates and fears of a real estate bubble have not affected their decisions.

More : telegraphindia.com

Land is the issue, was the unanimous conclusion of a public hearing here on Monday on Special Economic Zones and Land Rights by Navdanya. It was attended among others by the former Prime Minister, V.P. Singh, S.P. Shukla of the National Committee on Agrarian Crisis and P.V. Rajgopal of Ekta Parishad.

The largest SEZs were allocated to Mukesh Ambani. This is a criminal subsidy the State is giving to the rich by stealing from the poor, said Vandana Shiva, who chaired the hearing.

While Mr. Singh reiterated that the Land Acquisition Act had no place in a genuine market economy, Mr. Shukla asserted that land would be the defining issue in Indian politics and economy

More : hindu.com

Real estate firm Ambience Projects and Infrastructure Ltd on Tuesday said it would invest up to 5,000 crore in the next three years to develop various properties across the country.

The company plans to raise about Rs 2,500 crore to fund the planned investments through debt and equity route and is considering various options, including initial public offer.

We will invest RS 4,500-5,000 crore in next three years to develop our ongoing and future projects, Ambience Projects and Infrastructure Ltd Chairman and Managing Director Raj Singh Gehlot said.

More : hindu.com

Suzuki Motorcycle India Pvt Ltd is betting big on scooters. It is looking to double its market share in the segment to 20 per cent by the middle of next year.

The two-wheeler maker also plans to double the manufacturing capacity of scooters to 10,000 units by April next year.

We have received a good response for the Suzuki Access with more than 20,000 bookings in the last one month. The automatic scooter market in India grew 10 per cent last fiscal, while the motorbike market fell by 8 per cent, said Atul Gupta, vice-president (sales and marketing) of Suzuki Motorcycle India Pvt Ltd.

More : telegraphindia.com

Ansal Properties & Infrastructure Limited (Ansal API), a leading real estate developer in India today announced its financial results for the quarter/ half year ended September 30th, 2007 for the financial year 2007-08.

Net Income on standalone basis for the quarter ended September 30, 2007 stood at Rs 258.53 crore, a growth of 73% as compared to Rs 149.58 Crore posted in the same period of last fiscal. Net Profit on standalone basis for the quarter grew by 134% to Rs 51.55 Crore as compared to Rs 22.01 Crore posted in Q2FY07. However, Consolidated Net Income and Net Profit for the quarter was Rs.288.53 crores & Rs.58.51 crores respectively.

The Company’s EBIDTA margin for Q2FY08 stood at 31% of income as compared to 26% in the corresponding period of the last fiscal.

More : moneycontrol.com