Market Sources, 2008-05-05
by India Research Team
Delhi, India
GOVERNMENT DECISION
Railways all set to lease out land in Delhi
As reported in Mint, close to 1.1 million sq. ft of commercial space will soon be available in the heart of New Delhi, with the Union ministry of urban development clearing a plan by the Indian Railways to ¬develop the space on the land it owns and use the proceeds to finance its expansion ¬programmes.
REAL ESTATE DEVELOPER
Parsvnath sells 30% of its stake IN Mumbai Projects for INR 1,860 crore
According to the statement made by Parsvnath Developers, the company has sold 30% stake in a Mumbai project to foreign funds for INR 1,860 crore. Parsvnath will sell 15 percent stake each in the Kurla bus depot redevelopment project to Euronext-listed Yatra Capital and recently-launched Saffron India Real Estate Fund-I, reports The Economic Times.
About Colliers International
Colliers International is a global affiliation of independently owned commercial real estate firms. The organization's 10,171 employees span the world in 267 offices in 57 countries. On a worldwide basis, Colliers manages 672,945,918square feet, and has revenue of over 1.6 billion.
Contact Information
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