Market Sources, 2008-07-16
by India Research Team
Delhi, India
RETAIL
Inorbit plans to set eight malls across the country in next two years
As reported in The Economic Times, K Raheja Group’s Inorbit Malls is planning to set up eight new malls across the country. As per company officials, these malls would become operational by year 2010.
According to Kishore Bhatija, Inorbit Malls Chief executive officer, the company would set up one mall in Navi Mumbai, two in Pune, two in Baroda, two in Hyderabad and one in Bangalore with an expected investment of INR 1,400 crore.
FDI
Government cleared 12 FDI proposals worth INR 354 crore
According to the Financial Express, Government on July 15th, 2008, cleared 12 FDI proposals worth INR 354.13 crore. The biggest proposal is from a Hyderabad-based construction firm Costal Projects worth INR 160 crore.
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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.
Contact Information
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