January 25, 2013 – 4:51 pm
After developing an image in the Indian mobile business, Spice Global plans to try its luck in the realty and hospital sectors as well. To begin with, Spice Global will develop a multi-specialty hospital in Saket as their first venture. Realty and hospital sectors are the most booming sectors in India. Seeing this booming nature, […]
December 18, 2008 – 2:03 am
Hotel room rates have dropped by 25% this month following an equally sharp fall of 35% in occupancies across all the premium business hotels. To salvage business volumes, premium hotels like Hyatt, Leela, Marriott, ITC, Four Seasons, the Lalit (previously InterContinental- the Grand) are sharpening focus on segments unaffected by the tough business environment. Traditionally, […]
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Also tagged Anurag, Bhatnagar, Business Hotel, Business Hotels, Business Segments, Fmcg, Global Economic Slowdown, Hotel Category, Hotel Room Rates, Lalit, Le Royal Meridien, Meridien Hotels, Oil Rig, Resort Destinations
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August 26, 2008 – 4:56 am
After delivering more than 11,000 residential flats and a number of commercial establishments in Pune, Goel Ganga group is on a major expansion mode. The group is all set to deliver 10,000 flats within next three years in prominent cities like Bangalore and Mumbai along with Pune at an estimated investment of Rs 5,000 crore. […]
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Posted in Property News
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Also tagged Ambitious Project, Bangalore, Cinema Multiplex, Commercial Complexes, Commercial Establishments, Commercial Space, Expansion Mode, Expansion Plans, Hospitality Business, Nagpur, Real Estate Sector, Residential Flats, Residential Projects, Screen Cinema, Tree Hotel
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A buoyant real estate market last year saw several realty firms foray into the hospitality sector. But with slowdown hitting real estate and choking cashflow, several small realty firms have been forced to put at least half a dozen hotel projects on the block. A developer has put on the block a 200-room hotel project […]
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Posted in Property News
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Also tagged Akshay, Cushman And Wakefield, Foreign Hotel, Glamorous Hotel, Hospitality Business, Hotel Business, Hotel Chains, Hotel Project, Hotel Projects, Hotel Room Rates, Knight Frank, Management Contract, Payback Period, Rajeev Menon, Realty Cos, Realty Firms
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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.
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Posted in Property News
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Also tagged Banglore, Cash Crisis, Four Star Hotels, Hospitality Project, Hotel Companies, Hotel Group, Hotel Projects, Indian Ocean Region, Property Developers, Real Estate Developers, Real Estate Sector, Wyndham Hotel
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Fearing a supply glut in the housing and commercial property markets, real estate companies are pinning hopes on the booming hospitality sector. It’s not that the trend has just set in. It has certainly gained momentum of late, with practically every developer announcing hospitality projects.
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Posted in Property News
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Also tagged Amp, Commercial property, DLF, Hospitality Project, Hotel Industry, Market, Parsvnath Developers Ltd, Purvankara Projects, Real Estate Companies, Real Estate Sector, Realtors
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