It has embarked on the recruitment drive for hiring professionals with at least 15 years of "hands on experience" with major civil constructions, hotel chains, interior designers, architects, real estate developers as well as contractors and engineering consultancy companies working in this field for its real estate projects.
As per the news, it was an advertisement by Reliance Industries limited that led to the disclosure of the above business plan for foraying into the real estate market of India. This will be the first ever time, when such a established and well known business house in India is getting into the basic necessity of life. The concept of Roti, Kapda, Makaan aur Bandwith seems to be the favourite of the 2 Ambani brothers. Already into textile for Kapda, starting with Reliance Fresh for Roti and now Makaan is what the elder Ambani is going to look at. The younger Ambani is already making a fortune with the Bandwidth business, with his telecom empire.
"Reliance Group has substantially large portfolio of real estate projects to fulfill captive requirements as well as an independent business activity," it said. "Projects include high quality office space, residential properties, convention centre, auditorium etc. Renowned international architects, leading business service engineers, design and other consultants and interior designers are associated with these projects," the group noted.
The group's existing real estate projects include Reliance Corporate Park in Navi Mumbai, a modern Convention Centre and a world-class hospital in Mumbai. The appointments, all to be based out of Mumbai, would be made in a Reliance Group company operating in the EPC (engineering, procurement and construction) sector, the advertisement said.
| If Reliance starts the business of townships, it will change the entire scenario of Indian Real Estate. People believe in trust and name, and Reliance, no doubt, has it all. People have postponed their car buying decision till the launch of Tata Nano car. No wonder if they postpone their house buying if they get confirm news of Reliance Townships and Construction projects. | Table of Contents |
1 comment:
Hi Shobhit,
I read about ETF in your previous posts. I checked out Nifty Bees and Nitfy Junior ETF on NSE.
Both look very good products. I am firm believer in Index investing and ETF is certainly the way to go.
However, I notice that today the both Nifty ETF volumes were very low. Is this always the case or is it only today (Thu, Feb 8) that Nifty ETF volumes are low? Is low volume / liquidity a concern for retail investor?
Appreciate if you can share your input.
Thanks!
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