India Township Headlines

Back to Resource Page


 

Townships

MVL launches township
The Indian Express

The real estate division of Media Video Limited (MVL) has launched a 124-acre township, Rivercity, in Yamuna Nagar, Haryana. It is believed that the project will realize revenue of Rs 606 crore from an investment outlay of Rs 405 crore in this project. The township will include both, commercial as well as residential spaces. The project will be completed in two phases - the first phase will likely begin by the end of June’07 and the second phase will be launched by the second quarter of 2008.

NRI ties up with London firm for mini-townships

The Economic Times

London-based REIT Asset Management, which plans to create $1 billion assets in India in the next three years, has tied up with Eden Realty Ventures Private Limited, led by US-based Indrajit De, to set up the projects at Bonhooghly in north and Maheshtala in south in greater Kolkata area. The cash investment in the two projects is $20 million besides collaterals for bank finances. REIT, the London-based real estate management trust, owns $6.8 billion worth assets in Europe.

Shobha Group's Rs.850-crore township project

The Hindu Business Line

Shobha Developer Ltd (SDL) has announced the launch of Rs 850-crore integrated township in Thrissur as the pilot project of the group's real estate plans in 26 cities in the country. The project would be executed in a 71-acre on the Thrissur-Guruvayur road.

Sahara Infrastructure plans 217 townships

The Hindu Business Line

Lucknow-based Sahara Infrastructure and Housing (SIH), part of the Sahara Group, plans to develop around 11,000 hectares for 217 townships across the country. The projects would be spread over 100-300 acres each and together would have 30.3-lakh sq m of built-up commercial area and 1008.4-lakh sq m of built up residential area. In the first phase, the company plans to develop102 townships and the remaining 115 in the second phase. These would come up in tier I, II and III cities.

Fire Capital, Jhaveri Group launch $180 million township

The Hindu Business Line

Fire Capital Fund of Mauritius and the Indore-based real estate company, M. Jhaveri Group, have announced launch of a $180-million integrated township. It is believed to be the first FDI-promoted Township in Madhya Pradesh. The Mauritius Fund will have a 49 percent stake in the venture, while the Jhaveri Group will hold the balance. HDFC is said to have assured them funds for construction. The joint venture partners will have an initial investment of about Rs 50 crore. It is believed that Fire Capital Fund of Mauritius has set its focus was on tier-II cities.

Townships

MVL launches township The Indian Express

The real estate division of Media Video Limited (MVL) has launched a 124-acre township, Rivercity, in Yamuna Nagar, Haryana. It is believed that the project will realize revenue of Rs 606 crore from an investment outlay of Rs 405 crore in this project. The township will include both, commercial as well as residential spaces. The project will be completed in two phases - the first phase will likely begin by the end of June’07 and the second phase will be launched by the second quarter of 2008.

NRI ties up with London firm for mini-townships

The Economic Times

London-based REIT Asset Management, which plans to create $1 billion assets in India in the next three years, has tied up with Eden Realty Ventures Private Limited, led by US-based Indrajit De, to set up the projects at Bonhooghly in north and Maheshtala in south in greater Kolkata area. The cash investment in the two projects is $20 million besides collaterals for bank finances. REIT, the London-based real estate management trust, owns $6.8 billion worth assets in Europe.

Shobha Group's Rs.850-crore township project

The Hindu Business Line

Shobha Developer Ltd (SDL) has announced the launch of Rs 850-crore integrated township in Thrissur as the pilot project of the group's real estate plans in 26 cities in the country. The project would be executed in a 71-acre on the Thrissur-Guruvayur road.

Sahara Infrastructure plans 217 townships

The Hindu Business Line

Lucknow-based Sahara Infrastructure and Housing (SIH), part of the Sahara Group, plans to develop around 11,000 hectares for 217 townships across the country. The projects would be spread over 100-300 acres each and together would have 30.3-lakh sq m of built-up commercial area and 1008.4-lakh sq m of built up residential area. In the first phase, the company plans to develop102 townships and the remaining 115 in the second phase. These would come up in tier I, II and III cities.

Fire Capital, Jhaveri Group launch $180 million township

The Hindu Business Line

Fire Capital Fund of Mauritius and the Indore-based real estate company, M. Jhaveri Group, have announced launch of a $180-million integrated township. It is believed to be the first FDI-promoted Township in Madhya Pradesh. The Mauritius Fund will have a 49 percent stake in the venture, while the Jhaveri Group will hold the balance. HDFC is said to have assured them funds for construction. The joint venture partners will have an initial investment of about Rs 50 crore. It is believed that Fire Capital Fund of Mauritius has set its focus was on tier-II cities.