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Thursday, April 10th 2008

11:48 PM

SYSTEMA TO INVEST UP TO $200 M IN REALITY SECTOR

MOSCOW: Eyeing huge potential in India’s construction and reality market ahead of the 2010 Commonwealth Games, Russian Conglomerate Systema on Tuesday announced plans to develop hotel offices and residential complexes in major cities with an initial investment of $10-200 million. The Russian giant has partnered with Syam Group, which has dievested 51% stake in its telecom enture in faour of Sistema, said Yevgeny Kolodkin, vicepresident (strategy and business development) of Sistema’s construction subsidiary. The Systema- Shyam JV would be developing a 22-acre plot in Gurgaon , on the outskirts of Delhi, he said, adding that the land bank is owned by Shyam Group promoter Rajiv  Mehrotra  and the ratio of investment between the Russian and Indian partner is being negotiated.
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Thursday, April 10th 2008

11:46 PM

EMAAR WILL ESTABLISH FOUR HOTELS AT A COST OF 40 CRORE DOLLARS

Dubai Based company EMAAR properties shall establish, in association with Mario International inc., four hotels by investing more than 40 crore dollars.The company informed that these hotels shall be established in New Delhi, Amritsar ,  Hyderabad and Kolkata . The construction of these hotels is expected to complete by 2010. In all 912 rooms will be constructed in these hotels.

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Thursday, April 10th 2008

3:05 AM

TIVOLI GROUP LAUNCHED HOLIDAY VILLAGE, SPREAD IN 8 ACRE

Tivoli Group has Launched Holiday village at Dharuhera near Gurgaon.This project is spread over in an area of 8 acre, and it will consist night club and a mini golf course along will modern amenities. It will provide 536 residential units which will comprise villas, studio apartment and penthouses; their price will be from Rs. 26 lac to Rs. 1.10 crore.

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