Cognizant Technology Solutions has increased its real estate infrastructure expansion in India by nearly $200 million. The US-based company, which has large offshore presence in India, has revised its investment plan to a total of $700 million in real estate from 2011 through 2015. This is to expand its campuses in India by an additional [...]
Posts Tagged ‘Special Economic Zones’
Cognizant Raises Investment in Realty Business
Posted by propertyagentsindia on May 10th, 2012
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DLF and Hubtown sell Pune SEZ to Blackstone for Rs 810 crore
Posted by propertyagentsindia on December 29th, 2011
Real estate developers DLF Ltd and Hubtown Ltd have sold an IT SEZ that they co-own in Pune to private equity fund Blackstone for Rs 810 crore. DLF has a 67% shareholding in the joint venture company that owns the 1.8 million sq ft SEZ in Pune’s Hinjewadi area.
In an announcement to the Bombay [...]
Delhi-NCR tops list for unsold homes
Posted by propertyagentsindia on December 27th, 2011
Real estate developers maintain price levels even as demand slows and interest rates rise. This year, the unsold inventory in residential real estate was the highest in Delhi-NCR at 102,758 units, followed by the Mumbai metropolitan region at 90,512. Bangalore came next with 46,596 units, and Pune followed with 40,734 units, according to PropEquity, a [...]
Govt Permits SEZ Developers to Sell Part or Full stakes to Other firms Including Foreign Ones
Posted by propertyagentsindia on December 9th, 2011
Five years after the special economic zone policy came into existence, the department of commerce and industry has allowed developers to sell their stake partly or fully to other promoters and firms, including foreign ones. In other words, foreign real estate players will now be able to own SEZs in India , even though there [...]
Shares of Real Estate Companies Slip by 4%: All Major developers Affected
Posted by propertyagentsindia on October 4th, 2011
Shares of real estate companies are witnessing some intense selling pressure at the bourses with the BSE Realty index slipping almost 4% compared to 2% fall in the benchmark index Sensex on concerns of weak earnings growth during the recently-concluded quarter and liquidity concerns. At 01:50 p.m., shares of Sobha Developers Ltd, DLF Ltd and [...]
Govt Provides Extra Time to 37 SEZ Developers
Posted by propertyagentsindia on September 27th, 2011
The government has given more time to as many as 37 special economic zone developers, including Navi Mumbai SEZ, DLF Commercial Developers and Tata Consultancy Services, to execute their projects.
At a meeting on September 19, the Board of Approval (BoA) headed by Commerce Secretary Rahul Khullar also allowed five SEZ developers to surrender their projects. [...]
Mumbai Property Registration Touches 27 Month Low
Posted by propertyagentsindia on September 22nd, 2011
Property registration in India’s biggest real estate market Mumbai continued its slide in August and touched a twenty-seven month low. This drops comes in the backdrop of rising interest rates and real estate prices which hasn’t seen any significant correction despite the slump. In August, property registration offices in the city declined for the twelfth [...]
SEZ Developers Seek Additional Time to Complete Projects
Posted by propertyagentsindia on September 19th, 2011
Reflecting a lack of enthusiasm in special economic zones (SEZ), 44 developers, including Tata Consultancy Services (TCS) and Parsvnath SEZ, have sought more time from the government for implementing their projects. DLF Commercial Developers, Navi Mumbai SEZ and Raheja SEZ have also requested additional time for project implementation from the Board of Approval (BoA), headed [...]
DLF Seeks Approval to Sell Shares of its PUNE Based IT SEZ
Posted by propertyagentsindia on September 13th, 2011
DLF has sought approval from the Board of Approvals for SEZs to sell the shares of its IT SEZ in Pune to a foreign investor. This will be taken up by the BoA in its 48th meeting on September 19 under the item “Clarification on issues related to dilution of equity in the developer company, [...]
Trouble for Sahara as MCA Extends Support to SEBI
Posted by propertyagentsindia on September 5th, 2011
In a move that may spell more trouble for Sahara group of companies — Sahara Real Estate Corporation Ltd and Sahara Housing Investment Corporation Ltd — the ministry of corporate affairs (MCA) has expressed its support to market regulator Sebi’s June 23 order against the two companies. In an affidavit, the ministry states that both [...]
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