Market Sources, 2009-05-11
by India Research Team
Delhi, India
PRIVATE ENTERPRISES
Government agreed to lend INR 500 crore to EMAAR MGF
As reported by the Economic Times, the central government has agreed to extend INR 500 crore loan to EMAAR MGF to complete Commonwealth Games Village project on time. The loan would be given by Delhi Development Authority (DDA), a government agency, at an interest rate of 12-13 per cent. The loan would be backed by apartments in the residential project as collateral security.
RETAIL
RPG launched new retail format
Music World Retail - a retail arm of RPG Enterprises recently launched its new leisure and entertainment retail format ‘Mera World’ in Bangalore. As reported by Financial Chronicle the new outlet is spread over 7,000 sq ft and offers books, home décor items, toys, gift items, music and accessories. The company plans to open 15 similar outlets in 8 cities in next one and a half year.
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
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