News articles tagged SEZ

Technocity IT Park Development Fuels Commercial Real Estate Growth in Thiruvananthapuram

Thiruvananthapuram's Technocity IT Park expansion drives commercial real estate growth, attracting IT companies and startups, boosting demand for office spaces and related infrastructure. With 100,000+ jobs potential and cutting-edge facilities, the IT integrated township redefines Kerala's commercial property landscape.

Trichy's TIDEL Park Construction Kicks Off: A Boost for IT Real Estate

The start of TIDEL Park’s construction in Trichy is set to energize IT-sector real estate, boosting demand for office and residential spaces while creating thousands of jobs through ₹415 crore investment.

Here’s why GIFT City in Gujarat has a strong real estate market given its policy on alcohol consumption.

GIFT City real estate prices surge 10-20% after Gujarat relaxes 60-year liquor ban. Increased demand, tax breaks, and improved infrastructure drive growth in residential and commercial sectors.

Xander eyes huge investment in Nitesh Estates' project

Xander Group plans to invest ₹300 Cr in Nitesh Estates' Bangalore retail project on 8 acres in Koramangala. Xander has invested over $2 Bn in India.

30 SEZs have been given more time

Several developers, including Posco-India, Unitech, and Lodha, requested more time for SEZ projects, citing market instability. The government is implementing reforms to boost SEZ investments.

Govt to set up platform for SEZs to resolve grievances

The Government announces a new online grievance redressal system for SEZ developers to expedite issue resolution and boost exports.

SEZ developers seek more time for projects

Top SEZ developers in India, like TCS and Parsvnath Infra, are seeking more time to complete projects, citing global slowdown and market changes. Government to discuss on Nov 8.

Unitech & Accenture sign pact of Rs 1,000 cr for leasing

Unitech Group has leased 8 lakh sq ft in its Gurgaon Tech-park SEZ to Accenture, potentially yielding ₹1,000 cr over 15 years, while exploring stake sale to Blackstone and GIC.

Ministry draft norms for SEZ land

Developers surrendering Special Economic Zones (SEZs) must pledge to adhere to government land-use guidelines. Respective state governments will oversee these lands for infrastructure projects aligned with original SEZ objectives.

Xander to acquire Shriram’s IT SEZ for Rs 690 cr

Xander is poised to acquire 100% stake in an IT SEZ from Shriram Group for ₹690 Cr, having signed an initial agreement. The 2.5-million sq ft tech-park mostly leased.

CREDAI Doubtful Over The Success Of MIDC Policy

CREDAI expresses reservations regarding the potential success of MIDC's updated SEZ policy, which allocates additional land for housing development. They insist concessions must be offered.

Mumbai Real Estate Builders Support MIDC Policy

MIDC's new industrial policy allows 40% of SEZ land for residential projects, potentially generating ₹3.08 lakh Cr in revenue and boosting industry growth in Mumbai.

ORR Bangalore Offers Better Odds To Comm. Real Estate

Bangalore's Outer Ring Road (ORR) is booming as a commercial real estate hub, driven by strong IT sector demand and limited office space, according to a Jones Lang LaSalle India report.

Real Estate Witnesses Stable Office Space Demand in Pune

Pune's office space demand remains largely stable, driven by IT and ITES sectors. Experts anticipate absorption to reach 4 million sq. ft. by year-end, with CBD areas seeing rental increases.

Bangalore is just about office... office

In 2011, demand for office and retail space in Bangalore showed robust growth, with a significant contribution from the IT and ITES sectors. Experts predict an even higher demand for office space in 2012.

DLF to set up Infopark projects

DLF Plans Rs 1000-Crore Infopark Project in Bhubaneswar, Phase One to Start with 5.4 Acres.

DLF got NOC for SEZ Kolkata

DLF has received government approval to proceed with its SEZ project in Kolkata, following a lengthy process to revive the initiative amid rising demand for IT space.

Tax benefits for investors

UP Government announces tax benefits and simplified approval process for SEZ investments to boost growth in the region.

Affordable housing is not more affordable for builders

The affordable housing focus is driving sales recovery in the residential sector, while commercial segments struggle amid declining margins and revenue for major developers.

Is Maytas on the edge of a sellout?

Maytas Infra faces significant challenges, including management issues, stock downgrades, and project cancellations, raising concerns about its future viability.

SEZ growth may follow down track

The Satyam scandal may negatively impact India’s real estate sector, with significant concerns centered on commercial and residential space vacancies amid IT industry challenges.

Parsvnath postpones its retail forays

Parsvnath Developers postpones retail expansion due to economic slowdown, but SEZ stake sale to private equity investors nears finalization.

Jai Corporation to Raise Rs 5,686 Crore Through Venture Capital

Jai Corporation raises over 5,686 crore rupees for its venture capital funds aimed at investing in Indian real estate and developing integrated projects.

SEZ In Gurgaon By Raheja Developers

Raheja Developers to invest Rs 4,500 crore in developing an engineering SEZ in Gurgaon, aiming to generate jobs for 50,000 people and yearly exports worth Rs 1,000 crore.

Mahindra and Mahindra Limited Will Invest In Real Estate And It Sector

Mahindra & Mahindra is considering real estate and IT investments in West Bengal through Mahindra Life Space and Mahindra World City, focusing on residential and SEZ development.