Indian Property News on 'September, 2006'

KOLKATA: New High In Manhattan-ish Skyline

A 41-floor residential building is going to be the latest and truly high-priced edifice in the Bengal metropolis, dwarfing such skyscrapers as South City (35 storeys), Hiland Park (28) and Chatterjee International (24). This will be called Diamond Top, a product of the Diamond Group headed by A N Shroff. Construction should take around three years from the starting time.

Going by reports, the 84/86 living units in the proposed super-premium double towers in Gurusaday Road will cost anything between Rs 4.5 crores and Rs 7 crores. The Rs 300-crore towers are being designed like a futuristic spacecraft on a 290-cottah prime plot. Each of the units will be patterned like an exclusive villa, some spread across three levels going up to 10,000 sq. ft., according to the architect. Literally on top of everything, a glass-house, illuminated party lounge on the topmost floor, rightly called The Crown, is the piece de resistance. Read More »

FDI inflows: India among top ten developing nations

NEW DELHI, SEPT 1: India has emerged among the ten major developing country which are recipients of foreign direct investment (FDI) but it still lags far behind its neighbour China in terms of FDI inflows received, a UN report has said.FDI inflows to India stood at $5.5 billion in 2004, making it the tenth largest developing economy in terms of overseas investment received, according to United Nations Conference on Trade and Development’s (Unctad) trade and development report 2006.

China led the pack with $60.6 billion of FDI inflows, followed by Hong Kong with $34 billion and Mexico with $18.7 billion, Unctad said. Read More »