The world's tallest building Burj Khalifa has clinched its newest Guinness World Records title for being the highest man-made vantage point on earth.
Realty major Emaar MGF said it would develop 200 luxury villas in Gurgaon , which would generate a revenue of at least Rs 900 crore (Rs 9 billion) to the company.
The Central Bureau of Investigation on Monday arrested senior IAS officer and Andhra Pradesh Principal Home Secretary B P Acharya in a case related to alleged irregularities in land transfer and sale of villas and apartments in a township in the state. The township has been jointly developed by the state-run Andhra Pradesh Industrial Infrastructure Corporation and Dubai-based infrastructure firm Emaar.
The Income Tax department on Monday approached a Hyderabad court seeking copies of the documents seized by the Central Bureau of Intelligence during the probe of corruption allegations against Kadapa MP Y S Jaganmohan Reddy and the alleged irregularities in the Emaar Properties land deal.
The Central Bureau of Investigation, which is investigating the cases related to YSR Congress Chief Y S Jaganmohan Reddy and Emaar Properties land deal on Tuesday sought certain files from the Andhra Pradesh government.
The LED shows were held thrice and will be repeated on Thursday along with complimenting Dubai Fountain shows.
Most of the top investment banks will be rendered ineligible to manage the coming initial public offering (IPO) of National Building Construction Corp Ltd (NBCC) if the new rules for appointment of advisors are implemented.
Asia and South America are drivers for growth in the hotel sector in the Gulf, particularly for Dubai, where demand is only limited by the number of available airline seats, senior hotel officials have said.
Widening its probe in the Rs 3,600 crore VVIP chopper deal, the ED has begun a trail of "cash" which is suspected to have been paid as alleged kickbacks.
Ratnesh Verma, senior vice president (real estate and development), South Asia, spoke to Deepa Menon on the company's expansion plans in India.
Developed by Emaar Properties, one of the world's leading real estate companies, the 818-metre tower is expected to be unveiled in January coinciding with the fourth anniversary of Vice President and Prime Minister Sheikh Mohammed bin Rashid taking over as the ruler of Dubai.
The government on Tuesday cleared nine fresh proposals for setting up special economic zones, most of which are related to IT and ITES, followed by the bio-technology sector.
The board of approval, headed by commerce secretary G K Pillai, will also consider requests from realty major DLF for de-notification of its IT-ITeS SEZs in Gujarat, Haryana, West Bengal and Orissa. Larsen and Toubro has proposed to set up an IT SEZ in Mumbai, while Gulf Oil Corporation has moved application for a similar tax-free zone in Bangalore.
Three huge tower cranes, used in moving over 63,300 tonnes of steel reinforcement up to Level 156 of the tower and were operational for a total of 45,000 man-hours, have now been removed, Emaar Properties said.
A majority of big real estate developers in India today said they are insulated from the financial crisis in Dubai and it will not have any impact in the country's property market.
It also signed a 24:76 joint venture agreement with Delhi-based real estate company Emaar MGF for building six hotels under the upper mid-segment brand Hyatt Place. Both companies will invest $200 million into the project. The first of the Hyatt Place hotels will be launched by 2011. The remaining 14 hotels will come up under the Park Hyatt, Grand Hyatt and Hyatt Regency brand names. The new properties will recruit staff in excess of 7,000.
For instance, in the last quarter of the previous financial year, Emaar MGF sold 650 flats, priced at Rs 48-80 lakhs (Rs 4.8-8 million), in its Gurgaon project within a day of launch.
Global trend has affected Indian markets too, as two reputed IPOs were withdrawn due to lack of investor response.
The world's tallest building, Burj Dubai, is set to be even more higher than originally planned with the developers having decided to add at least one more floor to the tower, which currently stands at 638 metres.Originally scheduled for completion at the end of the year, the tower, whose final height is shrouded in secrecy, had its target date earlier put back to next April.
Leading United Arab Emirates-based firms, especially in the real estate sector, have joined the list of global companies, targetting investments in India in hotels, malls, healthcare, housing, IT parks and integrated townships.
Met with lukewarm response from a volatile market, Wockhardt Hospitals withdrew its IPO. It received bids only for 19.5%.
Tania Wadhwa finished tied 23rd -- best show by an Indian -- to be adjudged the best amateur, while French woman Gwladys Nocera survived compatriot Virgine Lagoutte-Clement's late charge to lift the inaugural Emaar-MGF Ladies Masters in Bangalore on Saturday.
Golf Course Road in Gurgaon symbolises smart new India like almost everything does in this Haryana boom-town. Swish, glass-cladded IT, ITeS offices; big, and bigger, malls; and a series of premium, gated residential complexes along the broad, dusty avenues here -- DLF BelAir, Parsvanath PrideAsia, EmaarMGF's Palm Springs, etcetera, etcetera. It is thus only fitting that something called "Street of Dreams" should be located along this road.
The world number four will be on the prowl in the Asian Tour and European Tour co-sanctioned event in India hoping to chalk up a win at the historical Delhi Golf Club.
Former Asian number one Jeev Milkha Singh, making an appearance at the EMAAR-MGF Indian Masters this week, says golf in India will continue to be the fastest growing sport with the inclusion of top class events in the country
The pairings for the Indian Masters challenge match are: Ernie Els and Arjun Atwal; Mark O'Meara and Jeev Milkha Singh and Darren Clarke and David Howell.
Realty major Emaar MGF on Monday said it will enter the capital market to mop up anywhere between $1.58 to 1.79 billion through issue of 10.25 crore (102.5 million) equity shares in the price band between Rs 610-690.
DLF, Unitech, Emaar-MGF and the Ambience Group are in race to build the largest mall.Delhi and its suburbs are witnessing a race without a finishing line - the rush to build India's largest shopping mall. The players are the top names in the real estate business - DLF, Unitech and Emaar-MGF.
Having made public its tie-up for a retail venture, the Bharti-Wal-Mart combine is roping in leading realty majors like DLF, Emaar MGF, and Ansals for handling the massive real estate requirements of the project.
Volatility in the secondary markets has forced some initial public offers to revise their price bands as markets continue to be plagued by liquidity problems.
Wockhardt Hospitals has reduced the price band of its upcoming IPO, following the volatility of the stock market.
A Dubai government supported company has awarded a sub-contract to India-based Larsen and Toubro for constructing a 108 million Dirham convention centre in Hyderabad.
The company bid Rs 1,104 crore for a 7.5 hectare plot in the upcoming Bandra-Kurla Complex area.
After a long time, real estate companies could hit the fund-raising trail. The reason is improvement in investor sentiment.
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