User: subbu Topic: Land Issues
Category: SEZs by State :: Tamil Nadu
Last updated: May 23 2017 13:49 IST RSS 2.0
 
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Implementing RERA a huge challenge for real estate sector: MR Jaishankar, CMD, Brigade Enterprises 23.5.2017 ET: Opinion
Bangalore will see a major uptick in the IT office space in years to come but there could always be aberrations for three months, six months or even a year, he said.
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DLF to add 4 mn. sq.ft. office space in 2 cities 12.5.2017 Hindu: Home
Two properties under development
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DLF to complete third phase of IT- SEZ in Chennai, handover starts in Sept 10.5.2017 Business Standard: News Now
Celebrates10th year anniversary by adding 1.6 mln sq. ft (Phase III)to South India's largest and most preferred business districtReal Estate developer DLF has announced that the third Phase of its IT SEZ DLF Cybercity Chennai is expected to start handing over of office space from September this year and to complete construction of the entire phase in an year from then. The company expects a total number of 70 corporate firms to occupy the space once the phase, which the last phase of the project, is complated.Amit Grover, director, DLF Offices said that the construction works for the three-block phase has already commenced and it would invest around Rs 500 crore developing the total of 1.6 million square feet."We are very delighted that DLF today provides infrastructure, operational excellence & experience for its 55 Global and Indian companies operating their software, R&D, Design and BPO Centers and 65,000 tenant associates. It is also part of the success story to help our ..
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Executing a deal is difficult in India and takes considerable time: Sid Yog 9.5.2017 All Companies Stories
Interview with Sid Yog, founder of Xander
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Executing a deal is hard in India, takes lot of time: Xander group founder 4.5.2017 Business Standard: News Now
Private equity fund Xander Group recently signed two large property deals in the country, one wherein it bought a special economic zone in Chennai for Rs 2200 crore and in another it bought a mall in Chandigarh for Rs 700 crore. Sid Yog, founder of Xander, which has committed over $2.3 billion in the country, discusses recent acquisitions and strategy going forward with Raghavendra Kamath.You have signed two deals in India. How do you look at the valuations? Have valuations gone up because of competition for rental assets?'We look at valuations deal by deal. Sometimes you see things in a deal others don't or vice versa. Obviously we would only acquire something if we see value going in and the potential for further value creation through asset or financial restructuring and/or asset management. However, relative value is also based on a risk versus return assessment. We have different platforms and strategies which are looking at different return thresholds basis the risk they are ...
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Roadmin plans Rs 60K cr land buys, says prices shot up after new Act 3.5.2017 DNA: Top News
The Union Ministry of Road Transport and Highways (MoRTH) is planning to spend around Rs 60,000 crore on land acquisition this year for various highway projects in the pipeline. For any infrastructure project -- be it roads, railways, logistics park, recreation zones, special economic zones, industrial parks -- land acquisition is the biggest challenge. Several road or highway projects are stuck or delayed due to land acquisition related issues, which has been among the top reasons for the delay in completing such projects. "As you are aware that since 2014, when the land acquisition law came into force, prices of land shot up substantially. This year itself we are spending Rs 60,000 crore on land acquisition," said Nitin Gadkari. On the reasons for land acquisition and the cost involved, he said a lot of road infrastructure work is being undertaken covering mega cities and regions, too. "In the road sector, earlier there was national highway length of 96,000 km out of the total around 52,00,000 km road ...
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Xander strikes two realty deals worth Rs 3,000 crore 3.5.2017 Latest News
Private equity group Xander group has signed two mega property deals in the country worth Rs 3000 crore.The first deal is where it bought a special economic zone in Chennai and second one pertains to a mall acquisition in Chandigarh.In one of the largest private equity deals in real estate in recent years, it has bought a operational special economic zone in Chennai for Rs 2290 crore from Shriram Properties.The deal involves buying 100 per cent stake in Gateway SEZ for Rs 1250 crore and Rs 1040 crore investmnt in the project, Xander said.The deal involves 1.7 million sq ft of occupied and operational SEZ and a partnership with Shriram to deliver the under construction of 1.9 million sq ft.Shriram will continue to develop and own residential and retail components comprising 2.6 million sq ft while Xander will have the ability to develop an additional 1million sq ft, it said.Last year , Canada based Brookfield bought 5 million sq ft of commercial properties of Hiranandani group for $ 1 .
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Xander to buy Shriram's Chennai IT SEZ for $350 m 2.5.2017 Deccan Herald - News
Xander Group has signed an agreement with Bengaluru-based Shriram Properties to acquire the latter's Chennai IT SEZ for $350 million (around Rs 2,290 crore).

The acquisition marks one of the largest private equity deals witnessed in the real estate space in India. The deal involves 1.7 million sq feet of occupied and operational SEZ, and a partnership with Shriram Properties to deliver the under construction 1.9 million sq feet.

With this deal, Xander acquires 100% interest in Shriram's Gateway SEZ in Chennai for $190 million (around Rs 1,250 crore), with a further commitment of $160 million (around Rs 1,040 crore) towards expansion of the IT SEZ, a release said.
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Xander Group inks two mega realty deals worth Rs 3,000 cr 2.5.2017 Business Standard: Companies & Industry
Private equity group Xander group has signed two mega property deals in the country worth Rs 3000 crore.The first deal is where it bought a special economic zone in Chennai and second one pertains to a mall acquisition in Chandigarh.In one of the largest private equity deals in real estate in recent years, it has bought a operational special economic zone in Chennai for Rs 2290 crore from Shriram Properties.The deal involves buying 100 per cent stake in Gateway SEZ for Rs 1250 crore and Rs 1040 crore investmnt in the project, Xander said.The deal involves 1.7 million sq ft of occupied and operational SEZ and a partnership with Shriram to deliver the under construction of 1.9 million sq ft.Shriram will continue to develop and own residential and retail components comprising 2.6 million sq ft while Xander will have the ability to develop an additional 1million sq ft, it said.Last year , Canada based Brookfield bought 5 million sq ft of commercial properties of Hiranandani group for $ 1 .
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Shriram Properties, Xander join hands for deal worth $350 mn 2.5.2017 All Companies Stories
Under the deal, Xander acquires 100% stake in Shriram's Gateway SEZ in Chennai
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Xander: Xander buys Shriram SEZ for Rs 2,290cr in Chennai's largest FDI realty deal - Times of India 2.5.2017 TOI: All Headlines
Xander: Xander buys Shriram SEZ for Rs 2,290cr in Chennai's largest FDI realty deal - Times of India
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Xander, Shriram Properties in ₹2,300 crore SEZ deal 2.5.2017 Hindu: News
Global fund house to acquire The Gateway, located at Perungalathur
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Xander Group agrees to acquire Shriram's Gateway SEZ for $190 million 2.5.2017 ET: Banking
The deal involves 1.7 million square feet of special economic zone, and a partnership with Shriram Properties to deliver the under-construction 1.9 million square feet.
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Plan permissions for buildings are now valid for five years 28.4.2017 TOI: Chennai
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How Dalit lands were stolen 26.4.2017 FrontLine: Social Justice
The British government, on the basis of a 1891 report on the subhuman living conditions of “Pariahs” by James H.A. Tremenheere, Acting Collector of Chengleput, assigned 12 lakh acres of land for distribution to the “depressed classes” of the Madras Presidency to empower them socially and economically. But more than 100 years later, much of this land is in the possession of non-Dalits, and the struggle to reclaim them has seen little progress. An exclusive story on how this tale of usurpation is still being played out. By ILANGOVAN RAJASEKARAN
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Centre forgoes Rs 56,418 cr tax from SEZs in April-December 10.4.2017 All News-IANS Stories
The government forwent Rs 56,418 crore in taxes pertaining to special economic zones (SEZs) during the first nine months (April-December) of 2016-17, Parliament was informed on Monday.
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Govt exempts Rs 56,000 cr tax for SEZs in first 9 months of FY17 10.4.2017 Latest News
Exports from these zones stood at Rs 3.58 lakh crore during the same period of FY17
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Adani Group eyes global expansion with new container port in Malaysia 4.4.2017 Business Standard: News Now
----Signs another MoU with MMC Ports & Sime Darby Property to develop an integrated Maritime city in MalaysiaAdani Ports and Special Economic Zone Ltd (APSEZ), India's biggest private port operating firm, plans to undertake a feasibility study on building a greenfield multi-purpose port mainly for handling containers at Carey Island in Malaysia's Selangor state, about 50 kms southwest of capital Kuala Lumpur.The feasibility on developing a mega container handling port project on Carey Island as an extension of the existing Port Klang has been flagged off with the signing of a Memorandum of Understanding (MoU) between APSEZ and MMC Port Holdings Sdn Bhd, a wholly-owned unit of MMC Corporation Berhad (MMC), an utilities and infrastructure group. "Malaysia is very strategic to APSEZ global strategy and with straits of Malacca being a global shipping route it helps us to drive our global transhipment strategy further. With Vizhinjam port on one side Carey Island port on the other we ..
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Grundfos to supply water treatment systems to Pak. 3.4.2017 Hindu: Business
Firm’s Chennai facility to churn out 60 systems in an order worth about €7,00,000
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Now a new travel app that uses crowd's wisdom to ensure smooth commuting 30.3.2017 TOI: Chennai
While visions of setting up GPS in MTC buses are yet to materialise leaving commuters grappling with a public transport system devoid of technological upgrades, a city-based app is trying to plug the gap in its own way.
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