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 [...]
By manish
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Posted in Property News
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Also tagged Amritsar, Calicut, Chennai, Goa, Hospitality, Hotels, Jalandhar, JHM, JNB, Mumbai, New Delhi, Vishakhapatnam
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Leading property developers are pulling out of proposed deals with hospitality majors, including Royal Orchid Hotels and Ramada Worldwide, as cash flows in the real estate sector are slowing. Realtors are reconsidering plans to go into the hospitality sector.
By manish
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Posted in Property News
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Also tagged Cash Crisis, Four Star Hotels, Hospitality Project, Hospitality Sector, Hotel Companies, Hotel Group, Hotel Projects, Indian Ocean Region, Property Developers, Real Estate Developers, Real Estate Sector, Wyndham Hotel
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Property prices in and around Calcutta could shoot up by as much as 15 % as city developers contemplate a basket hike in product prices to combat a steep rise in input costs. The real rise in realty rates, though, could be tempered by a slack market.
According to Pradeep Sureka“There’s no way we can absorb [...]
By manish
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Posted in Property News
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Also tagged Builders In Bangalore, Cement Prices, City, Construction Cost, Credai, Kolkata, LIG, MIG, Petroleum Products, Ps Group, Pune, Real Estate Developers
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March 10, 2008 – 12:47 am
BANGALORE: Ahead of the opening of Bangalore International Airport at Devanahalli, foremost real estate firm Sobha Developers on Saturday announced the commencement of their biggest single location project, Sobha Lifestyle, in the locality of the airport area. This project is located just 7 km from airpot.
J C Sharma, Managing Director, Shobha Developers Limited (SDL) told [...]
