Professionals

Sudhir Deoras, managing director of TRF, has been elected Chairman, and Viresh Oberoi, managing director of mjunction services, has been elected deputy chairman of CII Eastern Region.

Mr Deoras' name was announced at the first meeting of the reconstituted Eastern Regional Council held in Kolkata on March 30. Mr Deoras began his career with the Tata group after graduating in Mechanical Engineering. He joined Tata Steel in 1973 as a graduate trainee and soon completed a post graduate diploma in Electrical and Metallurgy from Shavak Nanavati Technical Institute (earlier Jamshedpur Technical Institute). Mr Deoras was appointed senior executive vice president of Tata International in 1998 and was appointed its managing director in 1999. He took over as joint managing director of Tata Sponge Iron in 2006. In April 2007, he was appointed managing director of TRF.

An interview with Neha Hiranandani, Director, House of Hiranandani

1) Do tell us about the House of Hiranandani?

House of Hiranandani (HoH) is a leading business conglomerate and pioneer of destination projects in India. HoH’s USP is in creating well planned communities across segments and needs that are productive. Hence it has segmented its products into 3 distinct categories of residential projects-the ultra-premium Signature range, the Upscale range and the mid-market Urbania range. Under its umbrella it has schools, entertainment, hospitality and healthcare.

2) Can you dwell on the current projects and those in the pipeline at HoH?

In Chennai, we are focusing on the city’s first integrated, large scale community, a 110 acre mixed-use development at OMR Chennai. It’s an ambitious mixed-use development community, which will be developed in subsequent Phases. We already have about 200 happy families residing in the community. Our school within the community is functional, and we will be shortly launching our retail and entertainment verticals.

The Mumbai-based real estate developer signs a development management agreement for a project on Currey Road

Godrej Properties Limited (GPL) (BSE scrip id: GODREJPRP), the real estate development arm of the Godrej Group, through its wholly owned subsidiary Godrej Projects Development Private Limited (GPDPL), has entered into a Development Management Agreement with Ratnaraj Blessing Milestone, a partnership firm, to redevelop a private society, Kamgar Swa Sadan Cooperative Housing Society Limited, situated at Mahadeo Palav Marg, Currey Road, Mumbai. Godrej Properties will act as development manager and will be responsible for the conceptualization, design, sales, and marketing of the project.

Mumbai, Maharashtra, India, Thursday, January 03, 2013 -- (Business Wire India) -- In a first of its kind honour for next-in-line Chief Financial Officers in India, 100 future CFOs and finance leaders, across industries, were recognised for their work in various areas of finance. The event, titled: CFONEXT100 - stars of tomorrow, was organised by 9.9 Media that brings out CFO India, the country's most read magazine for senior finance professionals. The future CFOs were chosen from over 300 nominations received, by a panel of 40 eminent jury members - influential CFOs of India Inc www.cfoinstitute.com/cfonext100/web/jury.

By Mr Deepak Kaistha

Having a big lavish property always features in an individual's bucket list. However, given the sky-reaching prices of real estate today, it looks like a distant dream. Experts of the field have time and again cautioned how in the recent times, real estate purchases and sales have dipped. Creating a synergy point between the buyers and sellers, group home buying is a unique catalyst for both buyers and sellers.

Often perceived as a new trend in real estate market, group home buying goes back 50 years. To be precise, group home buying has been plugged as a practical solution for property buyers looking to get attractive discounts. In earlier days, when a stakeholder wanted to buy a flat, a builder would give him a final offer. But with the advent of the group home buying concept, like-minded buyers can now join hands and close the property transactions at attractive prices.

ET Now: What are you buying on the muhurat day?

Raamdeo Agrawal: I have still not gone to the trading floor. I will definitely be doing something, but I was just wondering what to buy in the sense that there is so much of excitement in the market now. Certainly in the last 2-3 months, the mood has changed so much that it looks that we are in for a good time. So I have little money left. I will go and buy the same   stocks   what I have in our portfolio. So that is it what I am going to do.

ET Now: So would it be   SBI BSE -0.85 % ,   Central Bank BSE 1.48 %   as well as   Hero MotoCorp BSE -0.36 %   again or are there newer names that you would want to punch in this Diwali?