Ascendas comes to Gurgaon

Ascendas comes to Gurgaon
Ascendas India Development Trust has unveiled plans to develop a 62-acre integrated project comprising an IT special economic zone (SEZ) as well as residential and commercial space in Gurgaon. The project is in partnership with Dr Fresh Healthcare Services, a US-based company and a promoter of Dabur Group. The project is located along the Sohna Highway and will be developed over the next 7 years. The first phase is expected to be launched in September 2008. When fully completed, this integrated development will provide over about 100 acre of IT space and 60 acre of residential and commercial development.

Golf course home at Ludhiana
Silverglades, a lifestyle real estate firm, will launch a Nicklaus Designs, golf course at its Ludhiana project. The 18-hole golf course is proposed to be spread across 100-150 acres and is slated to be ready in the next six months. Elaborating on the company’s plans Pradeep Jain, group chairman, Silverglades said, “We are now foraying into Andhra Pradesh, Tamil Nadu, Karnataka, Punjab, and Maharashtra.”

New launches by Parsvnath
Parsvnath Developers has launched Parsvnath Premium at Jammu. The group housing project is in association with Mass House Building Cooperative, Sidhra, Jammu. The project is located on NH-1 at Sidhra by-pass. On offer are three-bedroom apartments of 1,745 sq ft area. Their basic rate ranges from Rs 2,000 per sq ft for top floor apartments and Rs 2,250 per sq ft for ground floor apartments. The company has also launched a 3-acre group housing project and a commercial mall at Jamnagar. The project is located on Jamnagar Khambalia highway. Apartments are being offered here at Rs 2,000 per sq ft.

Mahindra, Ayala JV at Chennai
Mahindra Residential Developers (MRDL) has signed a joint venture agreement with Arch Capital Asian Partners, an affiliate of Ayala Land, a large real estate brand from The Philippines. The JV will undertake development of a gated residential community spread over 55 acres inside Mahindra World City, a 1,500-acre SEZ at New Chennai. The SEZ has been developed by the Mahindra Group and Tamil Nadu Industrial Development Corporation (TIDCO). It is expected to have a working population of about 100,000 people by 2015.

API, UEM JV for a construction co.
Ansal Properties & Infrastructure has signed an agreement to form a joint venture with UEM Builders, a subsidiary of Malaysia’s UEM Group. The JV will be known as UEM Builders - Ansal API Contracts Pvt. Ltd. This will be an Indian Construction company that will carry out the building, construction, and engineering activities for Ansal API’s projects across the country. This JV will initially have an authorised capital of Rs 1 crore.

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