Market Sources, 2008-07-17
by India Research Team
Delhi, India
POLICY
R&R POLICY APPROVED BY JHARKHAND CABINET
In order to attract the investors in Jharkhand, the Jharkhand Cabinet approved the new Rehabilitation and Resettlement (R&R) policy 2008 with few minor changes.
The policy will be implemented in 24 districts of Jharkhand after its notification. Not only this, the Cabinet also approved 32 finances, judiciary and urban development related proposals.
INVESTMENTS
PARSVNATH INVESTS IN NANO CITY PROJECT
Parsvnath has picked up 38 percent stake in proposed 11,000 acres knowledge city project named Nano City Haryana Ltd. The project, worth more than Rs. 50,000 crore is based in Panchkula near Chandigarh.The Nano City project will be developed in two phases in 10 years. After this investment the Haryana Government through HSIIDC would hold only 10 percent equity stake, while 52 percent will be with a Group promoted by Sabeer Bhatia.
About Colliers International
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
India.Research@colliers.com
 back to top
|