IT/ITES

Parliamentary panel finds SEZs haven for realty prosperity

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A Parliamentary panel has castigated the government for not establishing industries in almost half the SEZs set up since 2006 and giving the land to realtors, diverting fertile land of farmers.

Banking, Finance & IT catalytic to SME clusters growth

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Realtors who are in the business of developing SME clusters believe in recent years, the metro cities have also seen a good increase in SMEs, which have catapulted themselves into mid- to large sizes within 3 to four years.

Real estate boom to help develop facilities management services market in India

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Netscribes, a knowledge consulting solutions company, announces the launch of its report Facilities Management Services Market in India 2012.

DLF, Hubtown unload Pune SEZ to Blackstone

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Realty major DLF on Wednesday, Dec 28, announced sale of its information technology special economic zone (IT SEZ) in Pune to Blackstone Group.

DBS Housing selects eBUILD for real-time online project management

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DBS Housing Strategy Ltd has roped in eBUILD Software Solutions Private Limited (ESSPL), a Mumbai based IT Solutions Provider to implement a trusted software for their construction and real estate projects.

O.C. real estate data company sells its India unit

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CoreLogic, the real estate data analytics company in Santa Ana, is selling its operations in India for $50 million to Cognizant, an information technology consultant based in New Jersey.

Tax uncertainties force realtors to drop several SEZ projects

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Several realty firms, including Parsvnath, Juventus Builders and Developers, Alok Infrastructure, Oval Developers, Airmid Developers and NG Realty have sought the Government’s nod to shelve their SEZ projects amid continued tax uncertainties.

HUL may turn Brookefields realty into SEZ

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Hindustan Unilever (HUL) is reportedly trying to redevelop its landmark Brookfields Property in Whitefield, Bangalore.

HUL seeking partners for Bangalore IT SEZ

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Hindustan Unilever, India’s largest consumer goods company by revenue, is considering to either lease or co-develop its Bangalore IT Special Economic Zone (SEZ) project in a bid to unlock shareholder value.

Alexandria to invest Rs 500 cr on BT park

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US-based real estate developer Alexandria’s Indian arm — Alexandria Real Estate Equities Inc is planning to invest around Rs.500 crore to develop a biotechnology park in Bangalore.

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