Zoom Developers Gets Contract To Build Budget Hotels

Real estate firm Zoom Developers on Monday said it has bagged contract from the Indian Railways to build four budget hotels.
In a press statement, Zoom said the company has won the bid for IRCTC Ratna Budget Hotels at four places.
The Indian Railway Catering and Tourism Corporation, a sister organization of Indian Railway has today opened tender for budget hotels at four sites.
The places are Chennai, Pondicherry, Manglore and Coimbatore. However, IRCTC sources said that nothing has been decided yet.
According to the sources, “The tender committee is yet to submit its report and decision could be taken only after submission of the report”.


  1. Posted June 23, 2008 at 3:42 am | Permalink

    India is beginning to make news worldwide. It’s just the right time to think India. There’s a new sense of confidence in Indian business. This confidence arises from the growing success of Indian enterprise in the face of competition in an increasing number of sectors. The India growth story is going stronger than ever. Favourable demographic and psychographic changes relating to India’s consumer class, international exposure, availability of quality retail space, wider availability of products and brand communication are some of the factors that are driving the retail in India. Real estate consultancy Jones Lang Lasalle Meghraj has identified 50 Indian cities that are likely to witness most of the retail action over the next couple of years — both in terms of development of malls and advent of organised retailers. And Jaipur, Lucknow and Kochi find mention among cities poised for “high growth.The world is now looking at India as the nation of the future. More significantly, India is well on its way to emerging as a first-world economy in the fields of information technology (IT), biotechnology, pharmaceuticals and the automotive sector, pushing the thrust now on to the retail sector to facilitate the creation of a new surging modern India. The real estate boom in India will not only propel the economy to sustainable heights, but will also generate employment for several millions. It is strongly expected that the growing Indian economy and growing opportunities will ensure that the foundation is laid for India’s tryst with destiny and for it to be fully integrated into the world economy.For more view- realtydigest.blogspot.com

  2. Posted June 24, 2008 at 7:23 am | Permalink

    Mumbai based real estate company Zoom Developers is in talks with the Kerala government for developing one of the country’s tallest commercial buildings. Subject to regulatory approvals, the proposed building in Kochi will be over 300 metre tall.

    “It will be a commercial cum exhibition centre. Talks are still in preliminary stages and anything concrete could only be worked out once regulatory clearances are issued,” Rumneek Bawa, president and CEO, real estate and infrastructure, Zoom Developers told ET.

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