Latest Development - DLF - Indian Real Estate Forum

09-11-06

Interested in doing business with DLF.....Or are you contemplating your next investment plans with the developer group.

Keep track of the latest developments in this forum thread. Post your news n' views and initiate discussions.

Aadesh · 09-11-06

Property firm Colliers enters Indian real estate market

Quote:

Colliers International, one of the top three global property service consultants, has been appointed by India´s leading real-estate developer, DLF Ltd., to offer retail development consultancy on its flagship shopping centres, Mumbai Mall and Mall Of India.

The move officially marks Colliers International´s entry into the Indian retail real estate market, which is predicted to experience double digit growth, with more than 300 shopping centres expected to come on line by 2010.

John Davis, CEO, Colliers International Middle East, said: "We see the expansion of our retail consultancy services into the Indian market as a natural progression. Our association with a high-profile organisation such as DLF will add significant dimension to our capabilities throughout the sub-continent."

Touted as the largest retail complex in India and one of the biggest in the world, Mall of India, located in Gurgaon, part of the National Capital Region (NCR), boasts approximately four million square feet of leaseable space, and will be a landmark development in the evolution of the Indian retail market, expected to value US$17 billion by 2010.

Mumbai Mall is being developed on site of approximately 17 acres in Central Mumbai and is earmarked as the next generation of shoppertainment complexes in India.

"Our appointment as retail consultants on DLFs retail projects clearly demonstrates the confidence placed in our services. The alliance will also provide us with a solid springboard to launch ourselves in the booming Indian retail real estate market," said Davis.

- Property report
8 Nov '06

Will this development mark the beginning of the retail-real estate confluence... your take on the development

Priya · 13-11-06

The State Government of Orissa on Friday signed an agreement with India’s leading real estate developer DLF Limited to set up Orissa’s first Special Economic Zone (SEZ) dedicated to Information Technology (IT).

The lease-cum-development agreement was signed between Orissa Industrial Infrastructure Development Corporation (IDCO) and DLF for developing 54 acres of land opposite InfoCity in Chandaka Industrial Estate. The project envisages construction of 4.12 million square feet of built up space of which a minimum of 60 percent would be dedicated to IT.

DLF has been selected for development of this project through an open competitive bidding process where it emerged as the highest bidder. The land would be made available to the company on 70 years lease basis at a consideration amount of Rs 44 crore, approximately Rs 81 lakh per acre. The project cost inclusive of land acquisition would be about Rs 1000 crore.

The project would give a boost to the growth of IT and ITES services in the State creating direct employment opportunities for about 25,000 software professionals. Apart from 60 per cent of the built up area that will be used for IT , rest will be used for a Five star hotel and other space will be used for integrating office, business and recreational needs.

The state government has partnered with DLF to set up the first SEZ dedicated to IT. The SEZ will be located right opposite to the existing Infocity in Bhubaneswar.

Way to go DLF.....

prasoon · 21-03-07

In one of the biggest real estate FDI flow into the country, UAE’s largest property development company — Nakheel — is set to enter India through a joint venture with Delhi-based DLF Group for two mega infrastructure development projects at an estimated cost of $10-12 billion.

Each of the project — one near National Capital Region and the other in Maharashtra, along a coastal region — would be spread over 20,000 acres, and would involve the development of industrial infrastructure and township components, including residential, commercial, retail and recreational centres.

Sources close to Nakheel said that an MoU to this effect would be signed between the two companies later this week during the forthcoming India visit of UAE ruler Sheikh Mohammed bin Rashid al Maktoum. Each partner would bring around $3 billion to the table while the remaining would be financed through debt, sources added.

Though the DLF Group did not confirm the development, sources in the company indicated that there could be 50:50 JV between the two partners. Sources close to the deal said that there would be no government involvement in land acquisition for the two projects.

Expected to get rolling by end-2007, the first phase of the project would be spread over three years. This would involve development of integrated industrial and transportation infrastructure, including setting up of commercial, residential, retail, hospitality, leisure and entertainment centres.

Nakheel is behind some of the most iconic projects such as The Palm, The Dubai World and Dubai Waterfront. Nakheel currently has 17 major projects, worth more than $30 billion under development. After attracting global attention through their towering projects, many Middle East real estate giants are now moving to Indian shores. Arab investors are tying up with major Indian real estate firms to grab a share of the billion-dollar industry

- Economic Times

09-11-06	#1
Suzanne Unregistered User Posts: n/a	Latest Development - DLF Interested in doing business with DLF.....Or are you contemplating your next investment plans with the developer group. Keep track of the latest developments in this forum thread. Post your news n' views and initiate discussions.

13-11-06	#3
Priya Member Join Date: Oct 2006 Posts: 53 Thanks: 0 Thanked 0 Times in 0 Posts	DLF to develop IT SEZ in Orissa The State Government of Orissa on Friday signed an agreement with India’s leading real estate developer DLF Limited to set up Orissa’s first Special Economic Zone (SEZ) dedicated to Information Technology (IT). The lease-cum-development agreement was signed between Orissa Industrial Infrastructure Development Corporation (IDCO) and DLF for developing 54 acres of land opposite InfoCity in Chandaka Industrial Estate. The project envisages construction of 4.12 million square feet of built up space of which a minimum of 60 percent would be dedicated to IT. DLF has been selected for development of this project through an open competitive bidding process where it emerged as the highest bidder. The land would be made available to the company on 70 years lease basis at a consideration amount of Rs 44 crore, approximately Rs 81 lakh per acre. The project cost inclusive of land acquisition would be about Rs 1000 crore. The project would give a boost to the growth of IT and ITES services in the State creating direct employment opportunities for about 25,000 software professionals. Apart from 60 per cent of the built up area that will be used for IT , rest will be used for a Five star hotel and other space will be used for integrating office, business and recreational needs. The state government has partnered with DLF to set up the first SEZ dedicated to IT. The SEZ will be located right opposite to the existing Infocity in Bhubaneswar. Way to go DLF.....

21-03-07	#4
prasoon New Member Join Date: Nov 2006 Posts: 16 Thanks: 0 Thanked 0 Times in 0 Posts	Nakheel, DLF form JV for $12-b core projects In one of the biggest real estate FDI flow into the country, UAE’s largest property development company — Nakheel — is set to enter India through a joint venture with Delhi-based DLF Group for two mega infrastructure development projects at an estimated cost of $10-12 billion. Each of the project — one near National Capital Region and the other in Maharashtra, along a coastal region — would be spread over 20,000 acres, and would involve the development of industrial infrastructure and township components, including residential, commercial, retail and recreational centres. Sources close to Nakheel said that an MoU to this effect would be signed between the two companies later this week during the forthcoming India visit of UAE ruler Sheikh Mohammed bin Rashid al Maktoum. Each partner would bring around $3 billion to the table while the remaining would be financed through debt, sources added. Though the DLF Group did not confirm the development, sources in the company indicated that there could be 50:50 JV between the two partners. Sources close to the deal said that there would be no government involvement in land acquisition for the two projects. Expected to get rolling by end-2007, the first phase of the project would be spread over three years. This would involve development of integrated industrial and transportation infrastructure, including setting up of commercial, residential, retail, hospitality, leisure and entertainment centres. Nakheel is behind some of the most iconic projects such as The Palm, The Dubai World and Dubai Waterfront. Nakheel currently has 17 major projects, worth more than $30 billion under development. After attracting global attention through their towering projects, many Middle East real estate giants are now moving to Indian shores. Arab investors are tying up with major Indian real estate firms to grab a share of the billion-dollar industry - Economic Times

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