Murinjakal Property

Murinjakal, Kerala - 24 June 2008 - Murinjakal Residential Property for Immediate Sale.

38.5 cents of Residential property at Murinjakal, behind Sree Narayana Temple, Kalanjoor Panchayat, Koodal, Pathanamthitta Dist., Kerala, India.

Immediate access to road in front of property, and 2 minutes walking distance to Pathanamthitta/Punalur/Trivandrum main road.

Excellent site for house construction.

Price today, Rs.100,000 per cent.

Price 3 months later, Rs.125,000 per cent.

Price in December, 2008, Rs.150,000 per cent.

As you can see, today's price is better !

Population increases but the land size won't increase (do I have to say that to you) !

View the property - Click here



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RELIANCE JV

MUMBAI - 21 June 2008 - RELIANCE INDUSTRIES SEALS $1-BILLION JOINT VENTURE WITH THE NEW YORK STOCK EXCHANGE-LISTED VORNADO REALTY TRUST.

In what could mark its foray into the real estate and hospitality sectors, Reliance Industries has sealed a $1-billion joint venture with the New York Stock Exchange-listed Vornado Realty Trust to set up a real estate fund that will develop a network of mega malls and highway shopping centres in India, not just for Reliance Retail (RRL) but also others. Reliance is also in talks with the Canada-based Four Seasons Hotels and French group Accor to set up hotels at some of its properties in Mumbai and Ahmedabad. The RRL spokesperson, however, declined to comment.

The joint venture with Vornado (ET had reported in February that the two were in exploratory talks) is Reliance's fifth global partnership in three months' the other four being with Marks & Spencer, Vision Express, Miss Sixty and Office Depot. However, the latest partnership is important as it would deal with real estate acquisition and management, which is crucial for the viability of any retail company. Most retailers are bleeding because they have acquired properties mindlessly to cash in on the consumer boom. While some like RRL and AV Birla Group have the staying power, others want quick returns, which are clearly not coming through.

Meanwhile, a source said the group's bigbuck real estate foray may also see it tapping a synergistic foray into hospitality. The group is looking at the possibility of setting up hotels to take advantage of the excess floor space index (real estate space) available at some of its existing properties, a source explained. But it is learnt that the group has not yet taken a final call on the hospitality project, given the vastly different skill sets required for the same.
At Mumbai's Bandra-Kurla Complex, Reliance is developing an integrated project, including corporate offices, shopping mall and five-star hotels, on a 25-acre plot. From Helplinelaw.com

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LAFARGE

MUMBAI - 21 June 2008 - LAFARGE BUYS L&T'S READY-MIX ARM FOR $349M.

LAFARGE, the world's second-largest cement maker, has acquired Larsen and Toubro's ready-mix concrete (RMC) business for $349 million (Rs 1,480 crore). The deal will give Lafarge access to 66 L&T plants and make it the country's largest RMC maker. Each unit of L&T Concrete has a capacity to produce 5,000-6,000 cubic metres of concrete a month while the total capacity is estimated to be around 3-4 million cubic metres (MCM) per annum. RMC is widely used in the building and construction industry and L&T has a 25% market share in India.

Lafarge has routed the acquisition through its building material firm Lafarge Aggregates & Concrete. Lafarge is learnt to have informed the Paris stock exchange about the deal. Lafarge India is not a listed entity. With this, we are taking a pioneering step in the emerging Indian market, said Lafarge global chairman and chief executive officer Bruno Lafont in a statement.

Lafarge's presence in this segment is negligible. Just a few months ago, Lafarge Aggregates & Concrete started its RMC operation in Raipur. L&T's revenues from the RMC business are around Rs 1,000 crore. For Lafarge, which has a strong presence in eastern India, the acquisition of L&T Concrete would also give it the much-needed pan-India character.

In December last year, L&T had decided to hive off its RMC business into a separate entity. Although L&T sold its cement business to the Birlas a few years ago, it retained the ready-mix concrete unit. Leading manufacturers Holcim, AV Birla Group and Heidelberg were also in the race to buy the business. L&T has been unable to manage the RMC business as it is spread across the country through small units. It is difficult to manage these units. Our construction business is growing and we are bidding for projects with a turnover of at least Rs 200 crore, said an executive. The AVB Group's cement firms, Grasim and UltraTech, are active in the RMC business while Holcim group company ACC also has a strong presence in this segment. From Helplinelaw.com

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What's in a name?

No less a person than William Shakespeare wondered, what's in a name. And he had thus, What's in a name? That which we call a rose by any other name would smell as sweet. Fair enough.



Equally fair enough is Aamir Khan having nothing whatsoever to do with the naming of his dog as "Shahrukh". Read what Aamir has to say on his Blog about his dog and other matters.

Quote …… I’m sitting under a tree, on the edge of a valley, approximately 5000 feet above sea level. The river Krishna flows far ……mountains. A cool breeze is blowing, jannat ki hawa …..calls it. Ammi, Ira and Junaid are by my side and ……favourite board games ‘Settlers Of Catan’. Shahrukh is licking my feet and I am feeding him biscuits every now and then. What more can I ask for?

Now, before you jump to any conclusions let me add that Shahrukh is the name of our dog. And before you jump to any further conclusions let me add that I had nothing to do with naming him. In fact Shahrukh is the dog of the caretakers of our house. When I bought this house it came with the caretakers and their dog! Apparently Shahrukh (the actor) was shooting for a commercial in this house a few years ago, and that very day the caretakers bought a pup…, and named him Shahrukh. What are the chances of me buying a house which comes with a dog called Shahrukh!!!

Some of my friends claim that I bought the house just because of the dog. I would have to be a serious fan of Shahrukh’s to want to do that. Your guess… Aamir" …. Unquote.

We were told that the outgoing President of the U.S.A., Mr. George Bush, has a cat named "India". Poor Bush cannot be blamed for naming his cat "India", as he might have done it while he was insanely under the influence of adult beverage or when sleepwalking. Persons adjudicated insane are not accountable for any wrongdoing, and hence, we can treat it as fair enough too.

So, what's in a name?. Absolutely nothing, as long as it smells, licks, and meawoos just as well.

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