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Following is from http://ppporissa.gov.in/web%20site/Housing%20&%20Urban%20Development_files/frame.htm.

• H&UD Deptt. / BDA
• Location: Chandrasekharpur, Bhubaneswar
• Area: @ 10.74 Acres
• M/s. UNITECH Ltd. has been selected as the developer.
• This would be the largest Commercial complex in the Eastern region with international standards
• Project Investment of USD 150 Million with an unprecedented Final Winning Bid of USD 47 Million
• 10.8 lakh Sft. Commercial space will be created.

The following is from http://unitechgroup.com/retail/comingsoon.asp.

The exact location is next to the current NISER hostel.

Thanks to reader Jitu for the pointers.

Following is an excerpt from a report in Indiainfoline.com.

Nikon India, the 100% subsidiary of Nikon Corporation the leaders in imaging technology has started Nikon Collection Centre (NCC), an initiative taken by Nikon India to cater to the wider base of Nikon customers by floating Camera Collection Points across locations, especially the non metro areas.

… The collection centres would act as main contact point for collection of any Nikon Imaging Products ( D-SLR’s, COOLPIX Compact cameras, NIKKOR lenses and accessories) that shall be sent for repair to the nearest Service Facility Centre for necessary correction by NCC. Once repaired, the product will be sent back to NCC from where customer can collect his product. 

 

Under the plan for the business year 2010-2011, Nikon has already started the services in Bhopal, Noida & Mangalore. Going forward Nikon plans to start the services in Siliguri, Dehradun, Kanpur, Nagpur, Mysore and Tiruanantpuram within this month and Dhampur, Sambalpur, Udaipur, Varanasi, Shimla, Aitsar, Jammu, Agra, Coimbatore, Vishakapatnam and Rajkot taking the total to 20 by the end of this financial year.

Following is an excerpt from a report in Hindustantimes.com.

IBM has chalked out plans to expand its business development processes to smaller cities in the country over the next couple of years. The company plans to spread its footprint to 45 cities of India. At present, a large part of the company’s business comes from the metropolitan cities such as Mumbai, Delhi and Bangalore.

“Business activities of small and medium business enterprises are increasing at a fast pace in smaller cities of the country and it is logical for us to expand our footprint across the country,” said Nipun Mehrotra, vice president, general business, IBM India and South Asia. He said with the growth of Indian economy, the small and medium enterprises would flourish and opportunities would increasingly come up in cities such as Ranchi, Ludhiana, Tirupur and Jharsuguda, among others.

Following is from http://eylex.co.in/Pages/Sambalpur.aspx. The mall in Sambalpur is promoted by K.K. Homes (a local Developer of Sambalpur) and will have a three screen multiplex with 800 seats. Its target Operational date is March 2011.

Following is the picture from http://eylex.co.in/Pages/Jharsugda.aspx.

Following is an excerpt from a Business Standard report in sify.com.

"We had a recent review meeting on the status of DLF’s Infopark project with the company’s executive director. The real estate player is committed to kick off work on its Infopark project by April 1 this year", said Pradipta K Mohapatra, the state IT secretary.

DLF has sought some changes in the contour of the project to be developed over 54 acres near Infocity region of the city. It is keen on setting aside a greater area for non-processing facilities like shopping malls and multiplexes.

… DLF is understood to have resumed negotiations with a host of IT players- both large as well as the Small and Medium Enterprises (SMEs) for offering its IT workspace to them.

… The DLF Infopark project will be developed in three phases and it comprises an IT block, a luxury hotel, a retail chain, service apartments and recreational facilities with a total built-up space of about 5.5 million sq ft.

For setting up the luxury hotel, DLF had tied up with Hilton, an international hotel chain.

In the first phase, DLF had committed an investment of Rs 300 crore for developing an IT workspace of international standards with a built-up area of 5.7 lakh sq ft.

The first phase was scheduled to be operational within eighteen months to two years after commencement of construction work.

The Infopark project was to generate direct and indirect employment opportunities for over 40,000 people in sectors like IT and ITes (IT enabled services), retail and hospitality.

Following is an excerpt from a New Indian Express report on this.

Expanding its business portfolio, the Kolkata-based Saraf Group, promoters of Forum Mart shopping malls, has now decided to set up a titanium plant at Chhatrapur in Ganjam district.

The plant will be set up over 600 acres of land at an investment of Rs 2,000 crore in collaboration with the Russian Government. Production is likely to start by 2009- end.

This was disclosed by Saraf Group chairman S M Shroff while talking to mediapersons here on Tuesday. He said the project had received approval of the State Government and an MoU would be signed soon. The company had already acquired 200 acres.

He also announced setting up of two more shopping malls in the State, buoyed by the success of Forum Mart here. Both the malls – to come up in the Capital city and in Berhampur, would also have four-screen multiplex. The projects are likely to be completed by 2009-end.

Economic Times reports that Pentasoft plans a multiplex in Bhubaneswar and other cities. Following is an excerpt from that report.

As part of its expansion plans, the company has chosen Coimbatore, Hyderabad, Bhubaneswar and Mysore for the projects, which would have resorts, theme parks, children games and go-carting, Pentasoft CEO Hariharan told reporters here.

The multiplexes would be ‘replicas’ of the one in Chennai, ‘Mayajal’, he said.

A review of Mayajal in Chennai is at this site.

A 3 week old Business standard article talks about the mall, multiplex and real estate scenario of Bhubaneswar. Following are some excerpts from that article.

Abhijit Das, regional director at property consultants Trammell Crow Meghraj, informs that there are 4-5 malls being planned in the city, most of them in the newly developing Chandrashekharpur area. ….

Looking at the maturing consumer, Saraf is planning a 5,00,000 sq ft mall on 5.5 acres of land which in all probability will include the city’s first multiplex, a large plaza and a 100-room, three-star hotel on top. …

Another retail mall project, also on the larger side, is the 6,00,000 sq ft Junction Mall from Bengal Shrachi Housing Development (another Kolkata-based company), coming up in the Jaidev Vihar area en route to Infosys City.

The company’s MD, Rahul Todi, says this will be the city’s first organised retail destination. Set to cost around Rs 120 crore, it will launch later this year (October-November). South Africa’s Bentel will be the architects on this project, and it will boast of a two-level car parking in the basement. …

There is quite a bit of short supply in the quality residential segment in Bhubaneswar, according to Anup Mohapatra, president, Real Estate Developers Association (REDA).

He points out that over the last two years, rates in the city have increased at least four-fold. There is demand for high-end residential property in the city, most of which is coming up towards the new IT developments taking place near Chandrashekharpur. If, for instance, the demand today is for 100 homes, the supply is lagging far behind at only 10-12 at the moment, he says.

For some Kolkata-based companies, Bhubaneswar is almost like an extension of their home ground and makes an attractive investment alternative. No wonder that apart from just malls, Todi is also planning to launch a high-rise, high-end residential project with 550-600 apartments spread over 14 acres. Situated on the Cuttack-Bhubaneswar National Highway, Neo City will have a club, swimming pool, and other lifestyle amenities.

The Sureka Group, which bought a 10-acre plot in Bhubaneswar recently, is also looking at a high-end residential development. Its MD, Pradeep Surekha, informs that the company is trying to procure more land at the same place.

We are looking at a total of 20 acres for the Rs 400 crore residential project, he confirms. He is also eyeing the growing organised retail demand in the city. The Surekha Group is planning a 5,00,000-6,00,000 sq ft mall but if it gets suitable land at the right place (at least 10 acres), a mall might be developed on 1 million sq ft space. Such is the scope for retail in the city, he explains.