The domestic hospitality industry is undergoing rapid transformation, with several hotel groups investing in new properties across India and the globe. Additionally, real estate players are entering the industry through management contracts with established hotel chains.
This expansion in the hospitality business is taking place on account of the massive growth that India is likely to [...]
Posted in Property News
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Tagged Business Districts, Chhattisgarh, Hospitality, Hospitality Business, Hospitality Industry, Hotel Accommodation, Hotel Groups, Hotel Leela, Jharkhand, Leisure Business, Major Hotel Chains, Market Leadership, Orissa, Tourism Industry, West Bengal
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Although the debate for the renovation of a tea estate into a real estate project, Uttorayon township, a project of Luxmi Group, in partnership with Siliguri Jalpaiguri Development Authority (SJDC) and West Bengal Industrial Development Corporation (WBIDC), and managed by the Ambuja Group, at Chandmoni in Siliguri, has completed two phases of development, and is [...]
Posted in Property News
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Tagged Elbit, Elgin, Hotel Groups, Hotel Hindustan, Jalpaiguri, North Bengal, Parkland, Realty Group, Siliguri, Sjda, Sjdc, Star Hotel, Tea Estate, Wbidc, West Bengal Government
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Parsvnath Developers Ltd has no plans to reduce prices of its properties, a top official of the real estate company said on 16th July 2008.
“There is no question of reducing prices at all. Prices have to go up,” Pradeep Jain, chairman and managing director said.
He also said rising input costs would be passed on to [...]
After being scanned for Foreign Exchange Management Act (FEMA) violation, many foreigners intend to sell their properties in Goa and return back, but have to stay back as Goa authorities have banned any related transactions.
Few of the foreigners who have invested in Goa getting jittery after the show-cause notice from the directorate of enforcement and [...]
Posted in Property News
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Tagged Debt Management, Fema, Foreign Exchange Management, Foreigners, Goa, Management Act, Management Unit, Notary Services, Properties In Goa, Property Registration, Registration System, State government, State Registrar
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US-based real estate management, investment and development consortium, JNB Investments LLC, has forayed into the Indian hospitality market, with plans to set up 50 hotels in the country by 2015. The company will invest about Rs 2000 Crore in the development, which will be collected through internal accruals and other sources of funding.
JNB will develop [...]
Posted in Property News
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Tagged Amritsar, Banglore, Calicut, Chennai, Goa, Hospitality, Hotels, Jalandhar, JHM, JNB, Mumbai, New Delhi, Vishakhapatnam
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After staying the construction of a shopping mall by the DLF in Chennai, the Madras High Court has ordered the real estate foremost to take away all temporary structures from the site. The First Bench, comprising Chief Justice A K Ganguly and Justice F M Ibrahim Kallifulah, gave the order on 11th July on a [...]
Posted in Property News
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Tagged Chennai, Chief Justice, DLF, First Bench, Ganguly, Industrialist, Madras High Court, Petition, Petitioner, Real Estate, Shopping Mall
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With slowdown hitting the real estate sector, land/property deals appear to be falling like ninepins. The latest deal to come unstuck is one involving the K Raheja Universal group and Lupin.
According toSources the negotiations between the two parties for part of Lupin’s land at Boisar in Tarapur and Thane district, has fallen through primarily because [...]
Posted in Property News
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Tagged Citra, house, K Raheja Universal, Kalyan, Land, Lupin, Pharmaceutical Firms, Real Estate, Real Estate Developer, Real Estate Sector, Realty Fund, Tarapur, Thane District, Universal Group
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The plans of India’s leading private sector company by market capitalization, Reliance Industries Ltd (RIL), to create special economic zones (SEZs) at Jhajjar and Gurgaon in Haryana give the impression to have run into problem over issues related to land acquisition, with land owners in the area demanding around three times the amount the company [...]
Posted in Property News
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Tagged Airport, Economic Zones, Jhajjar, Land Acquisition, Maharashtra, Market Capitalization, Power Plant, Private Sector Company, Raigad, Reliance Industries, Reliance Industries Ltd, RIL
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Hyderabad-based Totem Infrastructure Limited is looking to expand its portfolio by adding real estate to its group of operations. It plans to build Rs 200-crore multi-use apartments in about 10 acre close to the outer ring road here. The company presently is executing infrastructure works relating to irrigation, power, railways and roads.
Also, the company is [...]
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Tagged Bank, Bank Of India, Canal System, Central India, Indore, Infrastructure Limited, Investment, Karnataka, Private Equity Fund, Railway Line, Revenue Channels, Totem Infra, Union Bank Of India
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Frasers Hospitality, undaunted by the uncertain global economic outlook, is pursuing an aggressive expansion strategy in China, India, Vietnam and other markets.
The hospitality arm of Singapore-listed conglomerate Fraser & Neave is a ‘contrarian’ that aims to add about 5,000 serviced apartments over the next two years, despite fears of a global economic slowdown, said its [...]
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Tagged Asia And Europe, Business In China, Conglomerate, Frasers, Frasers Hospitality, Global Economic, Global Economic Outlook, Growth Momentum, Inflation, Multinational Companies, Nanjing, Serviced Apartments, Tianjin
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