The Honourable Chief Minister of Rajasthan, Smt. Vasundhara Raje inaugurated Mahindra World City (MWC), Jaipurs IT SEZ today. MWC, Jaipurs IT SEZ is spread across approximately 750 acres and is the largest planned IT SEZ in the country. This IT SEZ currently plays host to companies such as Infosys, Wipro, Deutsche Bank, Nucleus Software, Connexions and other leading IT organizations. This IT SEZ forms a part of the larger 2600 acre multi-product SEZ that also has Light Engineering, Auto Ancillary, Handicrafts and Logistics zones, with an envisaged investment of Rs. 10,000 crore and projected employment of 1 lakh by 2012.

MWC, Jaipur a leading example of public-private partnership, is a 74:26 joint venture between Mahindra Lifespace Developers Ltd. (MLDL) and the Rajasthan State Industrial Development and Industrial Corporation (RIICO). A notable fact is that this SEZ has become operational within two years of its initial launch. In addition to the Customers in the IT SEZ, MWC, Jaipurs client list includes ICICI Bank, QH Talbros, Marsons Electricals, Tijaria Polyprep, Dynamic Engineering, Polymed, Genus Power, Veto Electropower, Pink City Enterprises, Artasia, Artage, Heritage, A L Paperhouse, Vamani Enterprises, Rustic Furniture.

Speaking on the occasion, Smt. Vasundhara Raje said, The inauguration of the IT SEZ in Mahindra World City, Jaipur is a significant milestone for Rajasthan. Today Jaipur is one of the fastest growing cities in the country, with its excellent infrastructure and abundant skilled manpower. Mahindra World City, Jaipur with its state-of-the-art facilities has provided the perfect platform for corporates to set up their facilities, enabling the creation of numerous job opportunities. I compliment RIICO, the Government of Rajasthan and the Mahindra Group for successfully developing this SEZ in record time.

More : equitybulls.com

Project information coming soon

Project Information coming soon

Project information coming soom

Project Information Coming Soon

Project Information under process

Information coming soon on the project

DLF, the countrys largest property developer, plans to seek shareholder approval to raise as much as Rs 10,000 crore from institutional investors over the next 12 months, the company said in a notice to shareholders.

The company will place a special resolution for a qualified institutional placement (QIP) before shareholders at its annual general meeting (AGM) on September 30, the company said. DLF may sell shares to investors within 12 months of getting the approval.
It is purely an enabling resolution. We will seek shareholder approval for the share sale and raise the money as and when required, said a DLF spokesman.

Incidentally, Unitech, the countrys second largest property developer, has put on hold its plans to raise nearly Rs 6,000 crore from a qualified institutional placement (QIP) due to adverse market conditions.

More : business-standard.com

The Indian warehousing sector is poised to become a $55 billion by 2010-11 with around 45 million sq ft warehousing space expected to be developed in the country in next five years supplemented by around 110 logistics parks.

According to a report by real estate consultancy firm Cushman and Wakefield, warehousing activities account for about 20 per cent of the total Indian logistics industry and offer tremendous growth potential.

This segment of the logistics industry is estimated to grow from $20 billion in 2007-08 to about $55 billion by 2010-11, growing at the rate of 35-40 per cent every year, the report pointed out.

More : economictimes.indiatimes.com

Ascendas, one of the biggest developers and managers of commercial properties in southeast Asia, is planning to increase the size of its India-focussed $355 million fund — Ascendas India Development Trust (AIDT) — which will invest in properties in Tier-II cities and expand its presence in bigger cities.

Though the quantum of the rise is not known, the fund has a target asset size of $710 million. The fund was launched in June 2007 and has already invested in realty projects in Gurgaon and Coimbatore.

In April this year, AIDT entered into a joint venture with IREO, a leading foreign investor.

The JV would develop an integrated project, comprising an IT special economic zone and mixed-use development facility in Coimbatore.

More : business-standard.com