Business
World’s largest furniture retailer Ikea today said it has plans to invest Rs 12,500 crore to set up 25 stores in the country over the next decade. The new stores, each needing investment of around Rs 500 crore, will come in the cities like Mumbai, Delhi, Hyderabad and Bangalore, the Swedish furniture retailer said. Ikea [...] Continue Reading »
Real estate developer Navin’s is considering the franchising model to expand its operations outside Chennai. It has completed 100 projects across the city, and is drawing up the strategy to build properties in Coimbatore, Trichy, Bangalore, and Visakhapatnam in the next three years. The franchising model is still at the concept stage. But that may [...] Continue Reading »
L&T Construction today said it has bagged orders worth Rs 2,050 crore across various business segments in August and September. Its power transmission and distribution segment bagged orders worth Rs 1,213 crore in domestic and international markets, the company said in a statement issued here. It bagged a turnkey project from the Tamil Nadu Transmission [...] Continue Reading »
At the 51st Annual General Meeting of the Indian Paint Association – which is a CII affiliate – in Kolkata on Monday, West Bengal’s Minister for Municipal Affairs and Urban Development, Firad Hakim, said that the State has made a strong pitch for 10 ‘smart cities.’ With regard to West Bengal’s proposal for 10 ‘smart [...] Continue Reading »
Suchirindia, the real estate, hospitality and Infrastructure Company, is set to commission a budget hotel in the city before the end of the year and Club Republic, the latter positioned as a music-cum-entertainment zone. Y. Kiron, CEO and MD of Suchirindia, said the company is again getting back to mainstream real estate later a prolonged [...] Continue Reading »
Mexican multiplex chain Cinepolis is scouting for acquisitions in India as it looks to expand presence in the country with a target of having over 400 screens by the end of 2017. The company that is eyeing presence in top 40 cities in India has already stated that it expects the country to account for [...] Continue Reading »
Post the swearing in of the new government in the center, we see a lot of activities in the real estate sector. The country’s biggest realtor DLF is also gearing up to reap the benefits of this positive sentiment. Realty major, DLF has asked the company’s independent directors to review its rental business and suggest [...] Continue Reading »
Investments to the tune of more than $2 trillion would be required by 2022 to create a stock of over 110 million housing units. This will help the government to achieve the target of “housing for all” by 2022. National Real Estate Development Council (NAREDCO) President Sunil Mantri stated that there is already a huge [...] Continue Reading »
The first edition of Index report of the known property portal’ for the period (Apr-Jun 2014) has been reported a largely stable matrix of the demand and supply that is reflecting the little change in the index values. However while the Delhi city index has dropped by 4 percent, the highest in the quarter predictably [...] Continue Reading »
The Indian companies favour Singapore as a wonderful destination for growing their business. The aforesaid was said by news channel as found out by a survey. The survey that was conducted said that around 41 percent of the people who participated in the survey happen to like the market in Singapore as that enhanced their [...] Continue Reading »
