From the desk of Strategic Resources
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Volume: XV June, 2008

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Ringside is a report that provides an overview of happenings in categories of Airlines, Alcohol, Cars, Computers, Consumer Durables, Financial Services, Food and Beverages, Hotels, Real Estate, Retail, Telecom Service Providers, Two-wheelers, Skin Care and Athletic Shoes.

Each of these will have sections on 1. Sales and market share 2. Trends 3. Launches 4. Advertising campaigns

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Real Estate

Share Prices

 

 

 


 

 

Trends and Strategic Initiatives



 

36. Emaar MGF plans to invest $1.4 billion (Rs 5,610 crore) in a leisure and residential township in Hyderabad – May 31

The project, to be developed in partnership with Andhra Pradesh Industrial and Infrastructure Corporation (APIIC), is located on 531 acres of land near Hyderabad’s IT and financial corridor district near Gachibowli.

 

Source: The Economic Times



 

37. Chennai-based urban infrastructure company SSI enters into a joint development agreement with the consortium of Unitech and Arihant Foundations & Housing, to develop an integrated township at its 70 acre property at Stephenson Road, Chennai – May 28

The development would be mainly residential with supporting retail and commercial space. The project is on a revenue sharing basis of 43:57 between SSI and the consortium.

 

Source: The Economic Times



 

38. Mumbai-based developer Oberoi Constructions forays into retail space development with the opening of the ‘Oberoi Mall’ at Mumbai suburb Goregaon East – June 11

The mall will have PVR (with a six-screen, 1,900 seating capacity multiplex), Lifestyle, and Central, occupying approximately 60% of the total space. 

 

Source: The Hindu Business Line

 

 
 
This tracker has been compiled from external sources and does not necessarily reflect the views of the company.
Links provided will take you to the full articles appended at the end of the file.
 
© 2008 Zenith Optimedia.










 

 

Full Articles

 

36. Emaar MGF Plans $1.4 bn Township

31 May, 2008

 

Emaar MGF plans to invest $1.4 billion (Rs 5,610 crore) in a leisure and residential township in Hyderabad. The project is a part of the Emaar MGF’s proposed $3 billion investment lined up to create 31 million square feet in ten locations in south India.

 

The Hyderabad leisure and residential township will have a golf course, luxury residences, large format retail facility, luxury and boutique hotels and an IT park. The project will be constructed by Multiplex Construction India, a joint venture company between Emaar MGF and Multiplex.

 

The project, which will be developed in partnership with Andhra Pradesh Industrial and Infrastructure Corporation (APIIC), is located in 531 acres near Hyderabad’s IT and financial corridor district near Gachibowli.

 

Harradine Golf, a north India-based golf course development company, will develop a golf course in 192 acres in the project. Emaar MGF is a JV between the Dubai-based real estate company Emaar Properties and MGF, another real estate company based out of India.

 

 

 

37. SSI Enters Into Development Pact With Unitech, Arihant

28 May, 2008

 

SSI has entered into a joint development agreement with the consortium of Unitech and Arihant Foundations & Housing, to develop an integrated township at its 70 acre property at Stephenson Road, Chennai.

 

The development would be mainly residential with supporting retail and commercial space. The project will completed within a period of seven years, with 4,000 units and total built-up area in excess of 7.6 million square feet.

 

The project is on a revenue sharing basis of 43:57 between SSI and the consortium. This development is expected to generate an estimated cash flow of Rs 2,000 crore for SSI during this period.

 

SSI is a growing urban infrastructure company with interests in realty, infrastructure and energy. SSI estimates its current land bank in excess of 2,000 acres in strategic locations across South India and is also developing sizable assets in the infrastructure and energy sectors in near future.

 

SSI shares ended down 2.89 per cent at Rs 136, Unitech ended at Rs 246.70, down 0.90 per cent. Arihant ended down 0.39 per cent at Rs 258.10 on BSE. 

 

 

 

38. Oberoi Constructions Enters Retail Space, Opens Mall In Mumbai

11 June, 2008

 

The Mumbai-based developer Oberoi Constructions today announced its foray into retail space development with the formal opening of the ‘Oberoi Mall,’ located at Goregaon East.

 

Mr Vikas Oberoi, Managing Director, Oberoi Constructions, said the mall was part of the 80-acre land holding held by Oberoi in Goregaon and the company intends to develop eight million sq ft in three years. Investments would be in the range of Rs 2,000 crore.

 

The Oberois would promote the concept of self-sufficiency at the location by housing shopping, office space, hospitality and schools on the premises. Five more such projects are being planned in places such as Hyderabad, Bangalore, Pune, Chennai and Kolkata, over the next five years. The cost of each would be around Rs 2,500 crore with revenue generation of about Rs 4,000 crore.

 

In January, 2007, Morgan Stanley Real Estate invested $152 million in Kingston Properties Pvt Ltd for a minority stake. Oberoi Constructions is a 100 per cent subsidiary of Kingston Properties. In 2004, Oberoi Constructions had entered into a joint venture with ICICI Venture. A second all-encompassing township such as Goregaon project in Mumbai was also in the offing, Mr Oberoi said. With a full glass façade, the Rs 210-crore mall comprises 5.5 lakh sq ft of shopping, dining and entertainment.

 

The anchors include PVR with a six-screen, 1,900 seating capacity multiplex, Lifestyle with the largest home centre outlet and Central, occupying around 60 per cent of the total space.

 

A large food court and a gaming zone at the third level constitute an additional 10-15 per cent of the retail space. The mall has two basement levels of parking with a capacity to park around 1000 cars. Over 80 per cent of the mall has been leased to international retailers.