Market Sources, 2008-07-03
by India Research Team
Delhi, India
INFRASTRUCTURE
Maharashtra Govt to invest RS 200 CRORE Infrastructure development of SHIRDI
As reported in The Times of India, the Maharashtra Govt. has cleared Rs. 200 crore for infrastructure development of Shirdi Township. The projects will be sponsored by a Trust named Shirdi Saibaba Sansthan. Shirdi Township is proposed to be developed on lines of Tirupati.
INVESTMENTS
SRS Group plans to invest RS 1,000 CRORE in Realty
According to The Financial Express, SRS Group is planning to invest Rs. 1000 Crore in real estate, retail and entertainment businesses over the next three years. As per the plan Rs.500 crore are allocated for expansion of retail business, Rs 350 crore for expansion of multiplexes and the rest for expansion of food and beverage business. The group will focus Tier II and Tier III cities for these investments.
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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.
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