Sahara Groups real estate arm Sahara Infrastructure and Housing has exhibited its flagship project Sahara City Homes at the Indian Property Show, Dubai.

The three-day Indian Property Show is one of the largest and most diverse exhibitions of exclusive Indian property, catering to NRIs customers and investors. Exhibitors include major real estate developers of India, who are showcasing their projects to prospective buyers in Dubai. The show began on 13 December 2007, and is being hosted at Airport Expo, Dubai.

The pioneering project of Sahara Infrastructure and Housing, Sahara City Homes, according to a statement by the company, is the worlds largest chain of self-sufficient, high quality townships to be developed in 217 cities across India.

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Haryana State Industries and Infrastructure Development Corporation (HSIIDC) has formulated a plan for setting up new industrial estates and infrastructure projects at an outlay of Rs 12,000 crore.

A land bank of about 17,000 acre is being created for these projects.

Stating this here today, state Industries and Commerce Minister Lachhman Dass Arora said the projects include Kundli-Manesar-Palwal Expressway, Industrial Model townships at Rohtak, Faridabad and Jagadhari and Expansion of IMT Manesar, Bawal, Barhi, Rai, Krnal and Saha Industrial Estates.

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TG Leisure and Resorts, owner of the Tivoli hotel brand, plans to become a 1000 room hotel company by the end of 2010. The hospitality company will add rooms through different properties, which are in the pipeline. Chosen destinations include New Delhi, Dehradun, Manesar and Jaipur.

Apart from their existing property at Chhatarpur, New Delhi, the group will come up with a 35 room boutique hotel at a prime location in GT Road, in the northern district of Delhi. According to Puneet Gupta, Managing Director, Tivoli Garden Resort Hotel, the hotels trial run has already begun.

Source : hospitalitybizindia.com

Rs 60 lakh used to be a measly budget for south Delhi, but now this budget can get you a 990 sq ft apartment in Gautam Nagar, a 900 sq ft apartment in Dayanand Colony, and a 2-bedroom apartment in Malviya Nagar. You can also get a 200 sq yd plot in Jamia Nagar and a 250 sq yd plot in Chattarpur. Of course these locations are bordering villages, but these are urban villages nonetheless.

North Delhi always held a lot of options at this price. In Rohini Sectors 20 and 32 you can get 70 sq yd plots. Shalimar Bagh and Pitampura can offer 1,200 sq ft apartments. Ashok Vihar offers only 900 sq ft apartments/floors.

West Delhi areas like Patel Nagar, Uttam Nagar, and Ramesh Nagar have 900 sq ft flats, while Hari Nagar and Uttam Nagar offer 650-750 sq ft flats only.

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A Central Investigation Bureau (CBI) team on Friday raided the house of the second wife of Dr Amit Kumar, the kingpin of the multi-crore kidney racket.

A special team of the central agency raided the house of Sonia in the Digiana area of Jammu city and questioned female members of the family for alomst five hours, official sources said.

They also seized some vital documents and property papers in the name of Kumars wife. They said that Sonia is now settled in Canada where Kumar has done huge investments in real estate.

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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

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Ansal Properties & Infrastructure Limited, a leading real estate developer company is all set to become one of the first developer in the State of Haryana to have been granted a Letter of Intent by the Haryana Government (Department of Town and Country Planning) for developing an Integrated Industrial Estate at Gurgaon (Pathredi) on NH-8 near the Toll Plaza over an area of about 100 acres. It is proposed that the project will involve an investment exceeding Rs. 100 crores including the cost of infrastructure development. The Integrated Industrial Estate has been planned by Ansal API and is in tune with the objectives of the Industrial Policy formulated by Haryana Govt. 2005 vide which the Government have welcomed the participation of the private sector in the development of industrial infrastructure in the State.

According to Mr. Sushil Ansal, Chairman - Ansal API, The Integrated Industrial Estate would encourage and attract huge investments in the industrial sector from large scale and small scale industrial units in the thrust area declared by the State Government in its Industrial Policy of 2005. The industries to be attracted in the industrial estate would cover auto-components, readymade garments, footwear and leather garments, light engineering, electronics and IT units.

The Industrial plots would be developed in various sizes ranging from 0.125 acres to 2 acres and more. The proposed Industrial Estate would act as another economic generator in the development of Haryana State as the industrial units to be set up in the industrial estate would provide huge direct and indirect employment. It was further informed that the industrial units to be promoted in the industrial estate at Gurgaon (Pathredi) would be eligible for backward area incentives as the location falls in the backward area of Pataudi block (Gurgaon District) and as such the units will be eligible for financial assistance in the form of interest free loan to mega projects and SSIs repayable after a period of 5 years after the date of start of commercial production. This financial assistance would be 50% of the value of tax paid on the sale of goods produced in such industrial units, under the Haryana Value Added Tax Act 2003.

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Unitech Ltd., Indias second-biggest developer by market value, led declines in property stocks as the 30-stock benchmark Sensitive Index had its steepest fall in at least three decades.

New Delhi-based Unitech had its biggest daily decline in more than 15 years, plunging 15 percent to 351.15 rupees at the 3:30 p.m. local time close on the Bombay Stock Exchange.

The Sensex fell as much as 12.9 percent, the most since at least 1979, before recovering to end 5 percent lower. Asian stocks plunged for a second day, sending the regions benchmark to its biggest decline since April 1990, on concern the global economy is slowing.

More : bloomberg.com

Meanwhile, BSE Sensex was up 703.76 points or 4.15% to 17,652.90, on strong cues from the global markets. Stocks rose across the globe as a surprise increase in US retail sales in January 2008 helped ease recession worries in the worlds largest economy.

On BSE, 3.95 lakh shares were traded in the counter. The scrip had an average daily volume of 5.80 lakh shares in the past one quarter.

The stock hit a high of Rs 877 and a low of Rs 825 so far during the day. The stock had a 52-week high of Rs 1225 on 15 January 2008 and a 52-week low of Rs 505.60 on 5 July 2007.

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