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Last Update: Fri Dec 8 08:29:28 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.

+ Pune commercial real estate market spreads out | INRnews + Pune, November 16, 2006 : Pune has changed significantly and evolved as a dynamic Tier II business destination in the last 2-3 years. [...] and RTO have given way to multiple emerging micro-markets like Kalyani Nagar, Senapati Bapat Road, Mundhwa, Aundh, Baner and Yerwada.

+ 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!

+ Cognizant to invest Over $200 Million in India real estate expansion | INRnews + Teaneck, NJ – November 2, 2006 – Cognizant Technology Solutions Corporation (NASDAQ: CTSH), a leading provider of IT [...] techno-complexes and expand its infrastructure in five cities – Chennai, Coimbatore, Hyderabad, Kolkata and Pune.

+ IBM Launches SOA Development Center in Pune | INRnews + Pune, November 01, 2006 : IBM (NYSE: IBM) announced the opening of two new development centers located in Beijing, China; and Pune, [...] As a result, these centers will serve as the foundation of a new, globally integrated model for delivering SOA-based services.

+ Pune to allow high-rise buildings | INRNews + Pune, October 29, 2006 : In a welcome move, the Pune City Improvement Committee (CIC) has decided to allow high-rise buildings with [...] ease the demand for residential and commercial real estate as developers build higher, and also keep price inflation under control.

+ Spencer's - a leading supermarket brand in India + Chennai, September 28, 2006: Spencer's is fast emerging as a key retail brand in the country. The 80-store supermarket chain, part [...] Dailies in Pune, Hyderabad, Trichy and Bangalore. According to the company, in October it will open one new store every two days.

+ Real estate prices rise in Pune - IT sector drives increase in areas near Hinjewadi + Pune, September 26, 2006: Real estate services firm Cushman Wakefield has reported that real estate prices in Pune have risen by [...] as 50-70% in select areas. Growth of the IT/ITES sector has been driving up prices particularly in areas near the Hinjewadi IT park.

+ Pune to house new Volkswagen plant + The city of Pune has bagged a major manufacturing project - auto major Volkswagen is to locate its new car plant at Chakan outside the ...

+ Citigroup to invest in Indian real estate + Citigroup Property Investors will partner with Gera Development in a $125 million real estate project in Pune. The residential [...] club and a hotel according to Rohit Gera, executive director of Gera Development. The project will be completed in four years time.

+ IVR Prime to aggressively develop real estate projects across India + IVRCL hopes to execute real estate projects across the country,including townships, residential estates, golf courses, shopping ...

+ Prime Property acquires real estate in Mumbai and Pune + Prime Property Development Corp has purchased real estate in Mumbai and Pune that it hopes to develop commercially. The Mumbai [...] property in Pimpri-Chinchwad can be developed into a retail and hospitality destination covering more than 400,000 sq.ft. of space.

+ Government of Maharashtra and Bharat Forge join hands to set up a multi-product SEZ in Pune District + Project to generate 120,000 new jobs. Bharat Forge Ltd. (BFL), India’s largest manufacturer and exporter of automotive [...] with the Government of Maharashtra to jointly develop a multi-product Special Economic Zone (SEZ) in Khed Taluka of Pune District.

+ Technical clearance obtained for airport in Navi Mumbai + Civil Aviation Minister Praful Patel has told the Rajya Sabha that the International Civil Aviation Organisation (ICAO) has recently ...

+ Pune transportation move to LNG proving painful + Pune needs more LNG filling stations. 15,000 vehicles that are today running on gas have only five filling stations to meet their [...] estate within the city centre. The local govt. has to do more and quickly if Pune is to redeem itself as an erstwhile green lung.