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  #101  
Old Posted Sep 16, 2009, 10:22 AM
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  #102  
Old Posted Sep 16, 2009, 11:22 AM
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  #103  
Old Posted Sep 16, 2009, 1:30 PM
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Indiabulls launches luxury residential project in Lower Parel

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Indiabulls Real Estate Ltd. recently announced the launch of Indiabulls Sky, a residential high-rise project with managed private residences. These residences will be privately owned and will be serviced by a dedicated butler, who will be on-call 24x7 to meet every residents’ request, with a style comparable to the best in world hospitality.

To add to it, each residence comes with a large private terrace and a plunge pool overlooking the sea. Located right in the heart of the city, Lower Parel, Indiabulls Sky has a vicinity that many would dream of - upscale boutiques, gourmet restaurants, 5-star hotels, entertainment centers, reputed schools, the Mahalaxmi Race course and the Willingdon Club within the radius of 2 to 3 kilometers.

Speaking on this launch, Vipul Bansal, CEO of Indiabulls Real Estate said, “We’re committed to making Indiabulls Sky a benchmark in high- end living. We are working really hard not only to create an international quality product but also an experience that will be hard to resist.” To call the residences spacious, he explains, would be an understatement. The project promises, attached private terraces almost as big as the residences.

The available options are lavish 3BHKs, duplexes or penthouses on the highest floors - as high as the 65th floor. Every residence has tastefully designed interiors and the finest amenities one could imagine. Indiabulls’ very own commercial property - One Indiabulls Center is right next door with large multinationals and conglomerates already shifting in.
Source : Indiainfoline
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  #104  
Old Posted Sep 16, 2009, 3:08 PM
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  #105  
Old Posted Sep 16, 2009, 4:07 PM
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  #106  
Old Posted Sep 17, 2009, 12:26 PM
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CR plans focused ad campaign for ATVMs

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Roana Maria Costa | TNN


Mumbai: Central Railway plans a focused marketing strategy to popularise automatic vending ticket machines (ATVMs), which have seen a lukewarm response since their introduction in 2007.
Smart card sales currently stand at around 21,000, amounting to Rs 2.6 lakh per day. Since the first ATVM was installed at CST on November 15, 2007, more than 1.1 crore smart cards have been sold, amounting to Rs 14 crore. CR hopes to increase revenues and reduce serpentine queues outside ticket windows by installing more ATVMs — 226 to be precise — by March 2010.
And it hopes a bit of smart marketing will do the trick. A survey by the commercial branch of CR at 15 stations like Byculla, Thane, Dombivli, Wadala Road Vashi and Dadar found that most people using ATVMs— 41.2% — were from the private sector, mainly teachers, office goers, engineers and accountants. Other segments of society using the smart card were self employed individuals (21.2%), students (17%), agents and marketing personnel (6.8%), government employees (7.5%) and housewives (5%) .
The survey, a brainchild of CR general manager B B Modgil, covered 1050 passengers who were using the machines, of whom 827 were men and 223 were women. Officials said this uneven distribution may be “Because this card is popular among passengers who travel frequently on different routes and women generally commute between specific stations and thus prefer season tickets.”
Another interesting finding was that only 3% of first-class commuters used the cards. Moreover, 12% of passengers used the cards once a week,25% used them twice a week,57% were daily users and 12% used them more than once a day.The survey was carried out in the last week of August and the report released early in September.The commercial department recommended roping in a professional agency to conduct the publicity campaign for the ATVMs.
Around 98% of users said they were happy with the ATVMs, especially with the recently started season ticket renewal facility, though some pointed out shortcomings. “The ATVMs were intended to save time, but the purpose is defeated during peak hour as many people queue up to swipe the card. Also, some of the machines don’t work causing queues for the ones that do. For instance, the ones at Thane are always faulty. Besides, the machine doesn’t always respond on time and due to lack of familiarity with the mechanism there’s the possibility of multiple swipes where the commuter loses money,” said a Mulund resident.
Source : Times of India
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  #107  
Old Posted Sep 17, 2009, 3:14 PM
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  #108  
Old Posted Sep 17, 2009, 5:19 PM
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Pride Hotels opens first property in Mumbai

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Pride Hotels now announces the opening of its first property in the commercial capital by setting up a 250 rooms Five Star Deluxe Hotel in Mumbai. The company will invest Rs2bn to set up the Mumbai property that will be operational in 2011.

As a part of its massive expansion plan Pride Group this year has successfully unveiled three properties adding 200 rooms to its kitty, thereby achieving a 25% growth. The 50 room Luxury resort at Jaipur was commissioned early this year, followed by 48 rooms Pride Biznotel in Ranipet.

The group unveiled Luxury Five Star hotel in Bangalore in August 2009 initially with 100 luxurious rooms with an investment of Rs750mn. The Pride Bangalore offers four Conference Halls which can accommodate between 25 to 1000 persons. An additional 40 rooms are proposed to be added in due course. The Bangalore Hotel is a member of the International Sterling Hotels, Preferred Hotel Group.

Conveniently located close to the International Airport the Hotel will comprise of 250 rooms each boasting of tastefully adorned décor, luxurious ambience, 24 hr coffee shop and 2 specialty restaurants that seamlessly into the traveler’s scheme of things. The state-of-the-art conference can cater to audience ranging from 50 to 2000 guests.

The exclusive feature includes a separately ear marked ‘Women’s Floor’ with attached Spa and Gym. The Hotel will also offer specially designed rooms which can be easily converted into a Business office for corporate clients during daytime and a regular Hotel Room thereafter.

With the above additions, the Pride Group of Hotels now offers 1000 rooms with a host of Banquet and conferencing facilities at its existing ten hotels across the country. By 2015 Pride Hotels intends to have 30 hotels with 3,000 luxurious rooms in 30 cities to emerge as a national hotel chain. The group will expand its footprints in Goa, New Delhi, Hyderabad and Alibaug by setting up Pride Luxury Hotels in 2010.
Source : Indiainfoline
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  #109  
Old Posted Sep 18, 2009, 7:07 PM
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  #110  
Old Posted Sep 20, 2009, 4:09 AM
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  #111  
Old Posted Sep 22, 2009, 2:39 AM
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More international than ICSE or CBSE schools in Mumbai

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MUMBAI: ICSE and CBSE schools, once considered creme de la creme as far as education goes, have long been relegated to a lower rung of the caste
system. Today it’s international schools that rule the roost, not only in terms of snob value but also numbers.

Five years ago, there were only a handful of international schools scattered across the city. Today, they outnumber both ICSE and CBSE schools—while there are around 75 IGCSE (International General Certificate for Secondary Education) and IB (International Baccalaureate) schools in and around Mumbai, there are approximately 65 ICSE schools and 32 CBSE schools.

So why have international schools affiliated to foreign boards (IB originated in Geneva while the UK-based IGCSE is affiliated to the University of Cambridge) mushroomed across India’s financial capital? According to Ian Chambers, regional manager (South Asia) for the Cambridge International Examinations, the growth in the number of international schools has gone hand in hand with India’s economic development in the last decade. Farzana Dohadwalla, South Asia representative for IB, feels the demand for IB schools has been fuelled by parents looking for a new system of education which is more interesting and less stressful. The demand for international schools has also come from NRIs resettling in India, says Dohadwalla.

While parents with transferable jobs in India prefer national boards like CBSE and ICSE, which offer their children continuity of curriculum, those with transferable jobs across the globe are now increasingly opting for international boards.

According to Chambers, there is a 25-30% growth in the number of IGCSE schools each year across India. In Mumbai, though, Dohadwalla says the growth in the number of IB schools is reaching saturation point. “A few years ago, there was a higher growth rate for IB schools, as they were meeting a demand in society. But that has, to a large extent, now been met,’’ she adds.

But international schools don’t come cheap, with the annual fee often crossing Rs 1 lakh per month. At Ecole Mondiale World School, Juhu, the annual fee for kindergarten works out to Rs 6.9 lakh, and goes up to Rs 8.9 lakh for Classes XI and XII. This is in addition to a Rs 2 lakh admission fee and a Rs 2.5 lakh security deposit.

Many educationists feel that Indian boards have a lot to learn from their foreign counterparts. But they also say that international schools are often overrated and not worth their overblown fees.

According to Carl Laurie, principal of Christ Church, an ICSE school in Byculla, Indians have a colonial hangover and covet anything that’s foreign. “Indian boards are more suitable for children who want to stay on in India. For instance, the results for international board examinations are out only after junior college admissions are over in the city. So students from these boards are given provisional admission in junior college till their results are out,’’ he added. Laurie, however, feels that international boards offer a great deal more flexibility than Indian boards. “We’re seeing what the West has to offer in education. We don’t necessarily have to shift to an international board. But we can certainly adopt the best practices from foreign boards,’’ he adds.

Avnita Bir, principal of R N Podar School, Santa Cruz, which offers the CBSE curriculum, feels that when it comes to choosing schools, the institution is more important than the board. Bir, who has worked in schools that have offered ICSE, CBSE as well as an international curriculum, says that schools are free to implement the best of all boards.
Source : Times of India
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  #112  
Old Posted Sep 25, 2009, 4:57 AM
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  #113  
Old Posted Sep 29, 2009, 6:44 AM
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Coulthard will 'zoom' across the sea link

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Mumbai: Two days before the state goes to the polls on October 13, the Bandra-Worli Sea Link will be shut for a couple of hours to allow a Formula One racing car to zoom through the bridge.

Thousands of motorists -- though fewer than the number the authorities had hoped for -- take the 4.7-km sea link every day to bypass at least 20 signals on LJ Road between Bandra and Worli.

The Maharashtra State Road Development Corporation (MSRDC), which owns the sea link, has given a no objection certificate (NoC) to the organisers of the event -- the Red Bull Formula One team.

An MSRDC official, however, said the permission was given along with a couple of riders. The organisers will have to take the Election Commission of India's permission before hosting the event. "Also, they will have to take the public works department's permission," he said. "Though the sea link will be closed for a little more than two hours, the organisers will pay an entire day's toll (Rs20 lakh) in advance to the collecting agency."

Formula One driver David Coulthard will drive the car on the sea link. The organisers are likely to get a formal permission within the next few days. MSRDC officials are, however, not too happy with the way things are going. "The Mumbai Marathon will cross the sea link. We have willingly given our permission to it because the event is
mainly for charity," an MSRDCofficial said.

"But for the F1 event, the MSRDC has been forced to give its consent. The organisers have told us that the event will put the sea link on the world map. But what we require now is not just publicity. In fact, we have had enough of it. Instead, we need more motorists to use the sea link, so that our toll revenue goes up."

Moreover, the F1 event organisers will sell the television rights of the event and earn huge revenue, the official added.
Source : DNA Mumbai
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  #114  
Old Posted Oct 6, 2009, 4:23 PM
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  #115  
Old Posted Oct 6, 2009, 4:25 PM
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  #116  
Old Posted Oct 6, 2009, 4:29 PM
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  #117  
Old Posted Oct 8, 2009, 4:03 AM
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Soon, Hotels Will Tower Over Sea-front

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Mumbai: The city’s coastal skyline is set for a change with more developers entering the race to build tall luxury hotels along the waterfront. Following an August 2009 Supreme Court order, which paved the way for a starred hotel with an FSI of 6.29 to come up on Queen’s Necklace, the state government recently cleared two more high-rise hotels.
One of them is at Hindoostan Mills in Mahim, where the project has got an FSI of 7.62; another starred hotel, to come up on Napean Sea Road, has been given an FSI of over 8. Officials, however, do not know the exact height of the two buildings or the number of floors they may have as the plans have not yet been submitted.
Both projects fall with the Coastal Regulation Zone (CRZ), where the existing FSI in the island city is 1.33. But the Development Control rules make an exception for hotels, educational and healthcare institutions by not having any cap for these establishments.
The project at Mahim, being undertaken by Akruti Nirman, has an FSI of 7.62 (construction can be allowed on an area of 1,37,557.15 sqmt given the size of the plot). The developer has already given the state a deposit of Rs 16.2 crore. Officials said the starred hotel on Napean Sea Road was being developed by Govani Builders who had bought a lot of old properties.
The new clearances, officials explained, came because of the perceived shortage of hotel rooms and a need to promote the hospitality industry. “Based on a court directive, the urban development department in August allowed a five-star hotel—being constructed by D B Realty on Charni Road —an FSI of 6.29. That sort of set a precedent to upper limits for luxury hotels falling even within CRZ,’’ a senior Mantralaya official said.
“Several hotels in the past, like the Taj Mahal Palace, Oberoi, Sea Rock, President and the Ambassador, were allowed an FSI of up to 5 under DC Rules (1967). All that changed with the introduction of the CRZ notification in 1991 and we maintained a freeze on FSI after that. But the SC verdict set a precedent that could not be ignored,’’ the official added. “Rule 10 (2) of DCR 67 does not put a cap on FSI when it comes to educational and health institutes, government offices and luxury hotels,’’ he explained.
D B Realty managing director Shahid Balwa welcomed the state’s move. “The state felt it was necessary to give a boost to the shortage of hotel rooms. This will help promote tourism,’’ he said.
Source : Times of India
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  #118  
Old Posted Oct 13, 2009, 12:00 PM
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Patel Estate, Mumbai, India

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Patel Estate Corporate Complex makes landmark debut in Mumbai







Source : http://www.worldarchitecturenews.com"]World Architecture News
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  #119  
Old Posted Nov 4, 2009, 9:58 AM
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Six consortia opt out of Dharavi project bidding

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Bangalore: Six of the 14 teams in the fray to bid for a Rs15,000 crore Dharavi makeover project have opted out, jeopardizing the scheme.

Five consortia have to be chosen to develop one sector each of the 535-acre shanty town in Mumbai, to make it a part of the growing residential and commercial development within Mumbai.

Some lead members of teams that are not a part of the project any more are Unitech Ltd, K Raheja Universal Pvt. Ltd, Lanco Infrastructure Ltd, RNA-Videocon, Runwal group and Kalpataru group.

On Friday, the Dharavi Development Authority asked the 14 short-listed groups to submit to it the memoranda of understanding among the team members. This was asked after rumours that many of the international and local companies wanted to opt out of the project in the wake of the global economic downturn.

“I am going to raise this issue with the committee of government secretaries that the number of participants does not give scope for adequate competition,” said Gautam Chatterjee, chief executive of the authority. “The committee will take a final call on what should be done with the bidding process.”

Among the remaining teams are Lodha Developers Pvt. Ltd and DB Realty Pvt. Ltd. The two firms recently filed their draft red herring prospectuses to raise money through initial public offerings. Lodha has tied up with a Malaysian construction firm, LBS Bina Group Berhad, as its technical partner, and DB Realty has teamed up with its subsidiary, Conwood Agencies Pvt. Ltd.

In March, following a harrowing six months of liquidity crunch and slow property sales, five out of 19 teams had opted out, leaving only 14 in the fray. Some the prominent firms that exited were Housing Development and Infrastructure Ltd (HDIL), and Reliance Engineering Associates Pvt. Ltd and Urban Infrastructure Venture Capital Ltd.

HDIL, one of the country’s biggest slum redevelopers, was forced to opt out after its US-based partner Lehman Brothers Holdings Inc. went bankrupt in September 2008.

“We had been getting a little jittery about the project and don’t want to be a part of the project anymore,” Sandeep Runwal, director of Mumbai-based Runwal group, had said in September.

Property consultants who have tracked the Dharavi project closely said the biggest problem with the participants now is that none of them really has experience in redeveloping slums.

“Developing slums in Mumbai needs expertise because such projects have serious socio-political complications,” said an analyst with an international property consultancy, who didn’t want to be identified. “Besides DB Realty, no other team is equipped for that.”
Source : Live Mint
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  #120  
Old Posted Dec 20, 2009, 11:50 AM
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