Propertymart News  

August 10, 2015

Job Opportunity in Burdwan

Filed under: News — admin @ 5:31 am

Propertymart News - 10-Aug-2015 - Ablion IT Solutions Private Limited is a Global IT company head quartered in Burdwan, a city of West Bengal, India. The company delivers real business result through people-centered approach to technology and offers website design, Ecommerce application, web application, Mobile application, Graphic Designing, SEO/Online promotion, Outsourcing service and domain registration. It started functioning in 2004 and has achieved great height in the past few years. The reason behind this uninterrupted growth of this company is the enthusiasm and the dedication of the members of the company.

The Managing Director of the company Mr. Pratik Dutta is a native of Burdwan and he felt the lack of job opportunity in such a small city particularly in the Information Technology sector. Just after completing his Graduation Mr. Dutta lead the foundation of ABLION™ with the zeal of uplifting the IT Industry in Burdwan. He spread the knowledge of website management to numerous computer engineers students and gave the platform for students to enter a new Industry through ABLION™. It was due to his hard work and determination that ABLION™ has worked in 1000+ projects with 500+ clients in Indian and major markets of United States and Europe during the last 10 years.

The company provides job vacancy for Website developers, Graphic designers, Mobile App Developer, Business Developer, Project Manager and many more. The job offers a strong trainee programme where recruits encounter rigorous training schedule under highly qualified mentors which help them in reaching their desirable position in the company. In the training phase of the job, they received theoretical session, technical knowledge and finally are exposed to real industry projects. The prime objective of this Burdwan based company is to build quality staff who can end up working in big companies in the IT Sector.

The company’s recruitment process consist of computer aptitude test, technical knowledge test & skill test based on the positions opted. It hires brilliant talents who can serve the company with their proficiency. Freshers and experienced individuals both are entertained in this company. Today’s many IT Professionals have started their career through this company situated in Burdwan and have reached their desired position in the IT Industry.

The presence of such a convenient software company in Burdwan has helped the city populace to a great extent psychologically and economically. The company offers good stipend for the amateur and provides wage extensions based on the performance of the employees. For more than a decade ABLION™ has provided job opportunities to over 200+ qualified candidates. It provides experience certificate to its employees in-case of job shifts. On the whole ABLION™ provides a good working ambiance for its working staff and encourage fresh talents to join the company.

Company Website:

January 2, 2008

Deutsche Bank arm makes $70 mn Indian real estate investment

Filed under: News — admin @ 6:59 am

Mumbai, India, January, 2008 - RREEF, the global alternative investment management business of Deutsche Bank, advised by Deutsche Asset Management (India) Pvt Ltd, has made its first real estate investment in India. RREEF has substantially completed the purchase of an undisclosed stake in Bangalore and Hyderabad-based real estate development company, Golden Gate Properties Ltd, for US$ 70 mn (Rs. 2735 mn).

UK wants to be a genuine partner in developing India’s Infrastructure

Filed under: News — admin @ 6:56 am

New Delhi, India, January,2008 - Speaking at the inaugural session of the UK-India Infrastructure Conclave on January 16, organized by the Confederation of Indian Industry (CII) and UK Trade and Investment (UKTI), in Delhi, Digby, Lord Jones of Birmingham, UK Minister for Trade and Investment said that his country wants to be a genuine partner in developing India’s infrastructure and not just a contractor. Given India’s rising stature in the global sphere, he also endorsed India’s membership of the UN Security Council and the G-8. He said that several British companies such as Bombardier and Mott McDonald are already engaged in developing India’s infrastructure. He projected UK as an attractive and open global financial centre, ready to share its expertise and participate in India’s PPP ventures in the infrastructure sector.

Now real estate and healthcare at Future Group stores

Filed under: News — admin @ 6:47 am

Mumbai, India, January, 2008 - The Future Group, whose flagship company Pantaloon Retail operates over 1,000 stores nationwide, is looking to maximise the value of its locations through selling real estate and healthcare.

Pantaloon Retail to set up wholly owned subsidiaries

Filed under: News — admin @ 6:24 am

Mumbai, India, January 2008 - Pantaloon Retail India Ltd has announced that the Board of Directors of the Company at its meeting held on January 22, 2008, inter alia, has approved setting up wholly owned subsidiary Companies for Big Bazaar and Food Bazaar, Speciality Retail Business Activities and Property & Mall Management Division and transfer the respective businesses of the Company on a going concern basis to the respective subsidiaries, subject to receipt of all requisite statutory and other necessary approvals.

February 1, 2007

ICICI Bank increases home loan interest rates, PSU Banks don’t

Filed under: News — admin @ 6:19 am

Mumbai, India, February 2007 - Leading private sector bank ICICI Bank has announced a rate increase of 1% for its floating home loan customers. It remains to be seen if other private sector banks follow suit or use this opportunity to gain share from ICICI Bank. Meanwhile, the Indian Finance Minister has exhorted public sector banks to keep home loan interest rates unchanged. After ICICI’s increase, home loans rates of PSU banks are around 1-1.5% cheaper.
ICICI Bank announced on February 6 an increase of 1% in its Benchmark Advance Rate (I-BAR) and its Floating Reference Rate (FRR) for consumer loans (including home loans) with effect from February 09, 2007. The revised I-BAR will be 14.75% p.a. payable monthly as against 13.75% at present. The revised FRR will be 11.75% p.a. as against 10.75% at present.

For existing floating rate customers, the increase in Floating Reference Rate (FRR) by 1% will be effective from the respective reset dates. The existing fixed rate customers whose loans are fully disbursed, will, however, not be impacted by the increase and their contracted rates will remain unchanged.

The Bank has also announced an increase in interest rates on 80C Fixed Deposits of value less than Rs 0.10 million by 1.25% for 5-year tenor with effect from February 09, 2007. The revised interest rate on 80C FD will be 9.50% p.a. as against 8.25% at present.

New Master Plan for Delhi 2021 notified

Filed under: News — admin @ 6:18 am

New Delhi, India, February 2007 - INRnews reports that the Urban Development Minister Mr. Jaipal Reddy has signed the much awaited new Master Plan for Delhi-2021. Significant policy changes include providing for greater height and floor ratio norms as well as wide relief from sealing and demolition through mixed land use norms that allows for commercial activities on 2,283 roads.
Mr. Jaipal Reddy also announced that the ongoing sealing drive in Delhi would not resume from Wednesday.

Under the MPD-2021, areas of the capital have been designated as “commercial”, “residential” and “mixed”. This move would benefit a significant number of smaller establishments as well as private practitioners such as doctors and lawyers who have set up businesses in residential areas.

A number of measures are included to allow for redevelopment of existing colonies with new structures with more height and floor ratios to be allowed. 62% additional construction will be allowed in group housing societies. Also private participation has been invited in slum development.

Delhi’s Master Plan-2021 also lists an eight-point action plan for cleaning the Yamuna river.

With Delhi said to have a shortage of 24 lakh dwelling units, the notification of MPD-2021 is likely to create a construction boom of sorts. Owners and developers are likely to rush to take advantage of the liberalised height and floor ratio norms to create more built-up area. The liberalised norms are also likely to push up land prices but could have a dampening effect on apartment prices as more supply comes into market.

Major real estate developers bid for 106 acre Bangalore biotech park project

Filed under: News — admin @ 6:18 am

Bangalore, India, February 2007 - The Karnataka government has succeeded in attracting interest from many large real estate developers for the 106 acre, Rs.350 crore biotech park project in Bangalore. The proposed “Helix” park located in Electronics City Phase 3 on the Hosur Road aims to attract biotech companies, including startups, by providing infrastructure such as office space and educational and research facilities within the vicinity.
Requests for Proposals have been issued to 16 companies including DLF, Gammon Infrastructure, IVRCL Infrastructure, L&T, Punj Lloyd and Mahindra Gesco amongst others. The government plans to issue a work order by April.

Rs 3500 crore Satellite Township to come up at Tellapur near Hyderabad

Filed under: News — admin @ 6:16 am

Hyderabad, February 2007 - The Hyderabad Urban Development Authority (HUDA) has awarded a Rs.3,500 crore Satellite Township project at Tellapur near Hyderabad to a consortium comprising Nagarjuna Construction, ICICI Venture Funds and Tishman Speyer Properties.
The project is located on a 400 acre site. The consortium bid Rs.4.21 crore per acre.

Private equity firm Actis to set up $300 m India real estate fund

Filed under: News — admin @ 6:14 am

New Delhi, India, February, 2007, - UK-based private equity firm Actis plans to set up a $300 million India real estate fund, on top of two other existing funds with an estimated equity of $475 million. The firm is already in talks with real estate players for making these investments according to Donald Peck, Managing Partner of Actis.

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