According to realty research firm, PropEquity, launch of housing projects across top eight cities dropped 31 per cent since the September-December 2010 quarter. This has been due to the widening gap between demand and supply of apartments.
Vascon Engineers, an EPC and real estate developer (winner of one of the Top Ten Builders award by Construction World and the second real estate development company to go public after Godrej Properties), has recently announced an IPO of Rs 200 crore.
Hyatt Hotels & Resorts and SAMHI hotels have launched the Hyatt Place Gurgaon/Udyog Vihar. This is the second Hyatt Place hotel in India and has 176 rooms with an approximate investment of Rs 172 crore.
Nuclear Power Corporation of India (NPCIL) which recently signed an agreement with NTPC to set up nuclear power plants, is planning to set up similar joint ventures with Indian Oil Corporation (IOC) and aluminium major National Aluminium Company (Nalco) in the immediate future.