TDI Hotels and Resorts Ltd., a group company of TDI Infrastructure Ltd, signed an Operating, Marketing and Technical Services Agreement with Fortune Park Hotels Ltd, a subsidiary of ITC Ltd, in a glittering ceremony at ITC, Maurya, in New Delhi today . The agreement was signed by Ravinder Taneja, Vice Chairman, TDI Infrastructure Ltd and Pawan Verma, Senior Executive Vice President (Operations), ITC Ltd (Hotels Division). The 100 room hotel, ‘Fortune Select Hotel', is to come up near the TDI Kundli Township, in Sonepat District on NH 1. The hotel would commence operations in 24 months and will serve the needs of NCR and the KundliSonepat belt. This is the first of the many hotels, TDI Hotels and Resorts are going to build in their various townships.

Real estate firm Uppal Group is planning to invest over Rs 8,000 crore in the next five years to develop four special economic zones and two hotels in the north India. The Delhi-based company has already received the notification for two SEZs in Gurgaon, while it has got the formal approval for two SEZs planned in Uttar Pradesh.
"Infrastructure work has already started on the 263 acre multi-service SEZ in Gurgaon where we will develop 22 million sq ft in different phases," said the Uppal CEO (SEZs and Hotels) Gian Bansal.
The project cost of the SEZ, including land, is Rs 5,000 crore, he said, adding that the project would be completed by 2013. The construction work on another SEZ in Gurgaon is expected to start in the next three months.
"We are developing an IT/ITeS SEZ in Gurgaon spread over 87 acre of land with built up area of nine million sq ft. The project cost is about Rs 1,500 crore," Bansal said, adding that this project would be completed in the next three years.
Uppal is also planning to develop two more SEZs in UP over 26 acre of land each. "We have got the formal approval for two IT SEZs in UP and notification is under process," he said.
The construction on both the SEZs one in Noida and another in Greater Noida- would start in five months.

Rentals in the National Capital region are expected to stabilize in the next quarter as supply is set to increase Gurgaon and Noida, says a report. According to commercial real estate services firm CB Richard Ellis, rentals are expected to be stable in the next quarter as the supply is set to increase significantly in Gurgaon and Noida.

"However, no significant change in supply is expected in Delhi except in Jasola where an additional 500,000 sq ft is expected to be added in the second quarter," the report stated. Rentals rose steadily in the Central Business District Area of Connaught Place in the absence of any new supply in the first quarter of 2008.

The report stated that an evident feature in the last quarter was that a number of the older buildings made a noticeable attempt to improve infrastructure in their premises in an attempt to cash in on the low available supply and high rentals.
However, CBRE forecast that there would be no respite in rentals in the near future in the absence of any upcoming supply in the Central Business District of Delhi. The average rent in Connaught Place (Grade A) rose to Rs 340 per sq feet per month in March this year from Rs 325 in December 2007.

While in the peripheral markets Gurgaon and Noida, the rentals are expected to stabilize in the next quarter.
Rentals in Gurgaon showed no sign of a meltdown in the previous quarter. However, they are expected to remain stable in the next quarter with additional supply on the MG and Golf Course Road offsetting the corporate demand, the CBRE report said.
Besides, in Noida rentals were marginally higher in the last quarter but are expected to be steady with high supply available especially in the industrial/institutional sectors. Noida continues to be an attractive destination for IT/ITeS companies primarily for their back office operations. The report said that absorption rates in Noida are expected to rise significantly this year with improved infrastructure and affordable rentals.

Raheja Developers announced that the company has performed Bhoomi Pujan of Block A of 'Raheja Expo Mall' at Panipat recently. This marks the beginning of construction of a fully equipped commercial complex that will integrate world-class infrastructure with the peaceful ambience of a small modern town.

Raheja Expo-Mall is the most strategically located Mall of Northern India on the main G.T. Road (NH-1) in the heart of Panipat. The Government of Haryana has recently announced development of a new city in NCR at Samalkha extension of Panipat, therefore, Panipat will get transformed into a new and Modern mega city. Anybody commuting to Northern India by road cannot escape the exuberance of this international class Mall, commercial cum - office complex in the heart of Panipat opposite Hotel Gold.

More than a 100 feet tall, Raheja's Expo-Mall is going to be the tallest building of Panipat soon. It has two blocks namely, Block A and Block C out of which the structural work of Block C is complete and soon the interiors and finishes will also be completed. It may even overlook and be seen across the entire Panipat City!! With an area of over 3 lakh Sq. feet, the Raheja Expo-Mall will cater to an integrated organized platform for wholesale and retail business. The reputed brands in clothing, shoes, restaurants, eateries, accessories, electronics and IT will be prominent parts of this development.

In order to promote local exports, the complex will have office space, exhibition centres, conference facilities and information platform aimed at servicing international buyers with active help and co-ordination with the Ministry of Textiles.

The company is also planning to put up a Multiplex/ Multi-halls as well as a rooftop open-air dood court-cum-amphitheatre.

Realty giant, Jaypee Greens has announced the launch of its high efficiency modern apartments - Pavilion Court. Located within the world-class township -'Wish Town' in Noida, the apartments mark luxury.
The launch celebrates the addition of one more jewel in the existing residential community of Jaypee Greens Noida. Slated to be India's largest township development in over 1200 acres, Wish Town was launched on November 2007 and offers premium luxury apartments and residential plots in its first phase. It aims to create an international quality habitation and recreational facility in a distinctly exceptional environment. Pavilion Court Situated amidst innumerable landscaped parks and lakes, the Pavilion Court offers fully-finished, hi-efficiency 1 BHK with study (Studio Apartment)- 800 sq.ft., 2 BHK with study -1170 sq. ft. and 3 BHK with study - 1600sq. ft family apartments.
These well appointed, north facing Pavilion Court apartments enjoy stunning views of the Grahame Cooke golf facility and long views of the riverfront that brings you away from the hustle bustle of everyday life.Meticulous attention has been paid to the interiors that have all been finished to modern specifications with generously proportioned spaces that emphasize on optimum space utilization and reflect stylish living. The interiors follow the modern trend of open and continuous spaces, natural lighting and more windows. These factors make the apartments feel larger, lighter and more spacious. The apartments have been modestly priced from Rs. 42 lakhs onwards.
Commenting on the launch of the Pavilion Court, Jaypee Greens Executive President, Ms. Rita V. Dixit said, "Households in India move on account of changes in lifestyle, economies and family status. Jaypee Greens Noida through its 'Wish Town' project endeavours to provide various options for this changing life stage of its buyers.Pavilion Court has very special and well functional apartments which will provide the comfort living to the young professionals, small families and growing entrepreneurs from all over the country."The Pavilion Court is a lifestyle product that offers a host of value-added features like: 24 hour multi-level security system Piped gas provision 24 hour electricity and water supply Split air-conditioning Residents can also enjoy the highest standards of service with features including social clubs along with a range of health and recreational facilities, Town Centre with facilities like art galleries, restaurants & cafes, high-street retails, international standard medical centre and a wide range of educational facilities from Kindercrib to pre-university levels.

Amrapali Group, with more than a decade of rich experience in real estate, is expanding its business horizons. Under the visionary CMD, Mr. Anil Kr. Sharma, the group has drawn up expansive plans in Bihar. On the anvil are glamorous Mall-cumMultiplexes in Purnia, Muzaffarpur, Hazipur and Biharsherif. The group is also considering setting up three to four Star Hotels in those malls to further enrich the 'Mall-experience'. The projects are expected to have investment in excess of Rs. 500 crore. Amrapali is also seriously foraying into the hospitality sector with announcements of setting up five Star Hotel and Resorts in Udaipur and Jodhpur (Rajasthan). Another four Star Hotel has been planned in Bodhgaya (Bihar) apart from an integrated township at Ville (Chattisgarh), Jodhpur.

Commitment in Quality and Quality in Commitment is the USP of the group. Sharma says, "One must provide the customers with the best quality, deliver the projects on time and yet make profit." He believes in providing world-class projects in the most affordable prices. Amrapali is moving full steam ahead to realise his dream to be the realtor, which creates value for all its customers and patrons through transparency, honesty and dedication.