Market Sources, 2008-09-01
by India Research Team
Delhi, India
GOVERNMENT’S APPROVAL
Chennai’s Second Master Plan cleared along with six new industrial projects in the state
According to The Times of India, the Tamil Nadu cabinet on August 30th, 2008 cleared the second master plan for Chennai Metropolitan Area and six new industrial projects worth INR 9,000 crore. Along with this, cabinet also approved a special package of incentives for business houses investing in the nine backward southern districts.
Among the six new industrial projects, the most prominent is the proposal of French tyre manufacturer Michelin for setting up its manufacturing unit in Tiruvallur with an investment worth INR 4,000 crore.
REALTY PLAYER
DB Realty to invest INR 700 crore to set up Mumbai’s largest mall
As reported in Hindustan Times, Mumbai based DB Realty is all set to invest INR 700 crore for setting up largest mall in the city’s outskirts. The mall christened Orchid Ozone will be spread over 14 acre plot with a total built up area of 2.5 million sq ft and is likely to be completed by the end of year 2009.
About Colliers International
Colliers International is a global affiliation of independently owned commercial real estate firms. The organization's 11,000 employees span the world in 293 offices in 61 countries. On a worldwide basis, Colliers manages 868 million square feet, and has revenue of over USD 2 billion.
Contact Information
India.Research@colliers.com
 back to top
|