Omaxe to Set up Theme Township

Delhi-based real estate major Omaxe will develop a theme township on 393 acre at Naya Raipur – the capital city of Chattisgarh. The Omaxe Golf Theme Township will be developed at a cost of Rs 1,800 crore. Omaxe has developed residential and commercial real estate projects ranging from integrated townships, group housing, office/commercial spaces, shopping malls, hotels, IT and bio-tech parks to special economic zones.

R Kamat Hotels forays into Luxury Business

The company would start with 26 hotels in Maharashtra, Karnataka and Goa to be operational by 2010. Several other projects were also gearing up for launch, while six VITS hotels would be ready by 2008. Kamat Hotels (India) is better known for the chain of south Indian restaurants it operates and the ‘Orchid’, the country’s first 5 Star Ecotel.

DDA can’t impose surcharge once flat cost is fixed: SC

The Supreme Court has ruled that once a flat’s cost has been fixed, the Delhi Development Agency (DDA) has no right to impose a surcharge on allotees by issuing a circular or executive order. The apex court set aside the orders of a Full Bench of the Delhi High Court which had ruled in favour of the DDA. In this case, the DDA had imposed a 20% surcharge on the allotees of self-financing flats in South Delhi launched by the agency in 1992.
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DLF, Hines to Compete for Hotel Sites at New Delhi Railway Station

The site is worth about $2.5 billion (Rs 9,900 crore), according to data compiled by Cushman & Wakefield Inc. Indian Railways appointed British architect Terry Farrell to redesign the rail hub.

DDA plans to create sports infrastructure

The Delhi Development Authority (DDA) will create a huge network of sports facilities in Delhi and also identify and implement training schemes for promoting sports talent in the city.

The DDA has a battery of sports complexes in the South Zone — Siri Fort Sports Complex, Saket Sports Complex, Netaji Subhas Sports Complex, Jasola, Vasant Kunj Sports Complex and the Baba Gang Nath Sports Complex, Munirka.

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