November 18, 2008 – 3:44 am
Unitech, the country’s second-largest listed real estate company, has put on the block all its six hotel projects under construction to reduce its capital expenditure and raise cash to fund its other ongoing projects. The company is in talks with a few private equity investors to sell all its six properties, being constructed at Gurgaon […]
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Posted in Property News
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Also tagged Affordable Housing, Capital Expenditure, Crore, Development Sector, Divestment, Economic Scenario, Economic Summit, Estate Assets, Finance Market, First Hotel, Gurgaon, Hospital Chains, Hotel Business, Hotel Projects, Hotel Properties, Housing Finance Companies, Housing Loans, Housing Market, Mahindra And Mahindra, Mahindra Group, Mid Market, Mr Chandra, New Houses, Ongoing Projects, Private Equity Funds, Private Equity Investor, Private Equity Investors, Rs 250, Target, Tie Ups, World Economic Forum
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Essar Realty Holdings—the real estate arm of the Essar Group—has won the bid for building a Rs 500-crore five-star hotel, utility centre and a multiplex at the upcoming Multimodal International Hub Airport in Nagpur. The realty firm has also formed a joint venture with the US-based hospitality group Accor Hospitality to develop and manage the […]
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Posted in Property News
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Also tagged Air Cargo Hub, Cargo India, Cargo Traffic, Commercial Space, Conventional Hall, Essar Group, Hospitality Group, Hub Airport, International Hub, Lakh Tonnes, Nagpur Airport, Nodal Agency, Raheja Group, Realties, Realty business, Realty Firm, Service Apartment, Subsidiary Company
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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, Hospitality Sector, Hotel Business, Hotel Chains, Hotel Projects, Hotel Room Rates, Knight Frank, Management Contract, Payback Period, Rajeev Menon, Realty Cos, Realty Firms
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Five major realty companies including B L Kashyap and Sons are going to bid for developing a Rs 100-crore Five Star hotel in Bathinda, Punjab. The other three companies which have shown interest in the project are Chalet Hotels Limited, Ashiana Homes and Spirit Global, informed an official of PIDB. Punjab State Electricity Board (PSEB) […]
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Posted in Property News
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Also tagged Amp, Bathinda, construction, Construction Marketing, Five Star Hotel, Hotel, Idc, Infrastructure Development, Kashyap, Pseb, Punjab State, Realty Companies, Realty Firms, State Electricity Board
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