Today’s News from India

Real Estate Industry

REAL ESTATE COMPANIES RIDE ON SPORTS FACILITIES TO SELL HOUSING
Mint

After selling residential complexes built around golf courses, Indian real estate companies are trying to attract customers by building sporting academies on their properties through tie-ups with international bodies and local sports icons.

Housing is being sold on the back of facilities for basketball, tennis, cricket and, even a car racing track of Formula One standards.

The Noida-based Amrapali group, which signed Mahendra Singh Dhoni as its brand ambassador in 2009, is now offering customers cricket academies named after the Indian cricket captain. The academies are coming up at Amrapali’s new projects in Patna and Greater Noida.

“The current generation loves gaming activities in and around its habitat. The government cannot provide the infrastructure or maintain them, but private developers can do these things,” said Anil Kumar Sharma, chairman, Amrapali.

H1-B Visa Update

DEMAND FOR H-1B VISA DROPS IN 2010
Business Standard

The H-1B visa, the most sought after by Indian professionals for working in the US, is losing its sheen, and soaring visa fees is hardly the reason.

Of the 65,000 H-1B visas issued by the US Citizenship and Immigration Services (USCIS) annually, 11,000 were lying vacant at the end of 2010, for want of applications, as opposed to peak seasons when the cap would be reached within hours of them being issued.

The US economy, still grappling with recession, protectionist measures aimed at outsourcing and the Indian information technology (IT) industry that is increasingly inclined towards becoming global, appear to have created a casualty out of H-1B visas.

Health Sector

APOLLO HOSPITALS TO INVEST RS 1,000 CRORE
New Delhi
Mint |The Economic Times | Business Standard

Healthcare chain Apollo Hospitals Enterprise today said it would invest nearly Rs 1,000 crore to set up twelve new hospitals in small towns across the country over the next two years.

“We will be investing up to Rs 1,000 crore to set up 12 ‘Apollo Reach’ hospitals in tier-II and tier-III cities. The investment per hospital will be in the range of Rs 80 to 100 crore,” Apollo Hospitals Chairman Prathap C Reddy said.

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