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Last Update: Sun Dec 3 08:58:02 2006

+ Accor to develop hotels in India | INRnews + New Delhi, November 30, 2006 : As part of its global development strategy aiming at opening 200,000 new hotel rooms by 2010, of which [...] in India, including budget Formule 1 hotels, economy Ibis hotels, mid-market Novotel hotels and upper-upscale Sofitel properties.

+ Office space absorption in National Capital Region increases | INRnews + New Delhi, November 30, 2006 : The National Capital Region (NCR) has witnessed overall office space absorption of 6.36 million sq. ft. [...] estimated to be 8 million sq. ft. by year end, nearly 3.5 times of the absorption in the entire year of 2005 (2.36 million sq. ft.).

+ Proposal to regularise Sainik Farms in Delhi | INRnews + New Delhi, November 30, 2006 : The Union Cabinet has directed, while considering the proposal for regularization of unauthorized [...] similar colonies. The Minister of State for Urban Development Shri Ajay Maken stated this in a written reply in Rajya Sabha today.

+ New 130,000SF office building slated for Gurgaon, India | INRnews + Gurgaon, November 29, 2006 : The WIRE Group have unveiled plans to develop a 130,000SF International Class A Office building in [...] professionals will be involved in the design and development of the building. The amount of the transaction was not disclosed.

+ Delhi set to benefit from Commonwealth Games | INRnews + New Delhi, November 19, 2006 : Delhi is becoming a hot destination for hotels - and the major infrastructural development in the city ...

+ Delhi commercial real estate prices soar | INRnews + New Delhi, November 18, 2006 : With no new office supply in the New Delhi CBD (Connaught Place) and surrounding locations, demand has [...] 95% in the CBD and capital value appreciation of close to 140% according to real estate services firm Cushman & Wakefield.

+ Boom times for Faridabad real estate | INRnews + New Delhi, November 17, 2006 : Faridabad real estate has seen a sharp increase with a 70% increase in land prices in the last year and [...] NCR region, and with sky-high prices elsewhere, developers are now eyeing Faridabad as it is still lower priced than other areas.

+ Delhi & NCR residential real estate prices steady, rentals firm up in prime areas | INRnews + New Delhi, November 17, 2006 : Delhi & NCR real estate prices are likely to remain flat in the short tem. However, the high demand [...] Considering the projected supply of apartments in Gurgaon, the rental values in this micro-market are expected to remain stagnant.

+ New five-star hotel in Gurgaon planned by Taj Hotels | INRnews + New Delhi, November 16, 2006 : The Taj Group of Hotels is planning a 200-room hotel on 7 acres of land in Gurgaon. The total ...

+ India's retail revolution begins | INRnews + Hyderabad, November 15, 2006 - If India's much anticipated retail revolution has a start date, it could well be the first week of [...] first salvo in what will be a keenly contested battle to win a huge prize - nothing less than the wallets of Indian consumers!

+ Quantum fund buys stake in real estate developer Ansal API | INRnews + New Delhi, November 14, 2006 - The Quantum Fund promoted by George Soros has purchased 1% of real estate developer Ansal API for Rs 25 [...] raised Rs 175.8 crore through a 5% private placement with Citigroup. The HDFC Realty Fund has also invested Rs 50 crore in Ansal API.

+ Property exposition to be organised in India and abroad | INRnews + New Delhi, November 08, 2006 - Jaaydaad.com, an Indian real-estate site, today announced that the 1st Jaaydaad Expo-cum-Sale World ...

+ Gillette India to sell properties in Gurgaon and Okhla | INRnews + New Delhi, November 08, 2006 : Gillette India is to sell two properties - a 1,200 square yards industrial plot in Okhla and and a ...

+ Amtex Systems Opens Global Development Center in Delhi | INRnews + New Delhi, November 07, 2006 - US based Amtex Systems Inc, among the top 4 privately held IT Consulting & Services company in New [...] business model of end-to-end IT consulting & services offering, currently handled from six countries in US, Europe & India.

+ Global Infocomm to open 600 property shops countrywide | INRnews + New Delhi, October 24, 2006 : Delhi-based Global Infocomm plans to open 600 property shops countrywide with an investment of Rs. 120 [...] of properties. Of the 600 real estate showrooms, 70 are to be set up in Uttar Pradesh, 16 in Delhi & NCR, Lucknow and Kanpur.