Mumbai: Indian retail is buzzing not only in big cities and state capitals, such as Chandigarh, Lucknow and Jaipur, but also in small towns such as Visakhapatnam, Mysore, Agra, Mangalore Allahabad and Kanpur, that might contribute to nearly half of retailers’ income by the early part of the next decade. If the bigger cities are [...]

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CHANDIGARH: The upcoming tier-II cities across the country would still remain the best bet for real estate investors, according to Jones Lang LaSalle Meghraj. The real estate consulting company that recently announced an investment of more than $1 billion in the Indian property market says cities such as Chandigarh, Guwahati, Nashik, Indore, Dehradun, Vadodara and [...]

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Real estate player Peninsula Land Ltd (PLL), an Ashok Piramal Group company, plans to develop a township in Nashik shortly as part of its expansion plans. According to sources, PIL also plans to build a large commercial complex in the city. PLL has purchased 90 acres of land along Gangapur Road (near Sula Wines) in [...]

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The state government is now working on an ambitious 15-year plan to build expressways, airports and ports that will provide better connectivity across the state. The estimated initial investment: $3 billion or Rs 12,000 crore. “We are looking at infrastructure development and modernisation across the state, linking our larger cities like Pune, Nashik, Kolhapur, Nagpur. [...]

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With an eye on tapping the growth in domestic tourism, Pune-based Talera Group of Hotels (TGH) will invest about Rs 1,500 crore for building 100 fully automated budget hotels under the brand name ‘Smart Inn’ in next five years. “The Group under its subsidiary Small Hotel Ventures is planning 100 ‘Smart Inn’ properties across the [...]

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Indiabulls Industrial Infrastructure, a wholly-owned subsidiary of Indiabulls Real Estate focused on development of large scale infrastructure projects, has got formal approval from the central government, for development of a multi-product special economic zone (SEZ) in Nashik, Maharashtra. According to an official release issued by Indiabulls Real Estate to the BSE today, Indiabulls Builders, a [...]

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The steering committee under the chairmanship of Chief Minister Vilasrao Deshmukh cleared the Brihanmumbai Municipal Corporation’s (BMC) solid waste management project of Rs 497 crore for sending to the Centre for aecuring financial assistance under the Jawaharlal Nehru National Urban Renewal Mission (JNNURM). Besides, two projects of Mumbai, the Centre has approved 42 projects of [...]

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Garnet Construction has announced a Rs 1,200-crore residential-cum-commercial township project at Panvel near Mumbai on its own 400 acre land. To woo international buyers, it has tied up with the Dubai-based real estate developer Sternon group. Besides, Garnet has announced a Rs 800-crore residential project in Nasik, for which it will acquire the land soon. [...]

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As part of its expansion plans to enter 14 new cities in India which include Cochin Chandigarh, Vizag, Bhopal, Bhubaneshwar, Nagpur, Nashik, Kanpur, Pune, Surat, Ahmedabad, Jaipur, Jamshedpur, Lucknow, Coimbatore, IBM announced its operations in Goa. Since November last year, the expansion plans have begun in Chandigarh, and the operations in the other cities are [...]

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The Tata group may have to rework plans of setting up a special economic zone (SEZ) in Maharashtra, following the Centre’s recent policy intervention. The Tatas were on the verge of finalising its second SEZ at Sinnar near Nashik. The group is developing an SEZ at Gopalpur in Orissa. Tata Realty & Infrastructure, a subsidiary [...]

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