Market Sources, 2008-05-07
by India Research Team
Delhi, India
REAL ESTATE DEVELOPERMahindra Life space to invest INR 5 billion in a project at Nagpur through JV
As reported in The Economic Times, Real estate company Mahindra Lifespace Developers Ltd on 8th May 2008 announced its joint venture with B E Billimoria & Co with an investment plan of INR 5 billion over five years to build a residential project in Nagpur.
Mahindra‘s stake in the Joint venture will be 70 percent and it will initially develop 1.6 million sq ft over 36 months.
RETAIL
Planet M to expand with plans to open 500 stores
According to The Financial Express, Planet M is planning to open 500 new outlets with 75 stores in the metros, by the end of this financial year. Presently the company has 150 stores across 41 cities.
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
India.Research@colliers.com
 back to top
|