Tag: Hotels

Cheaper loan for hotels

Photo by suburbansliceAs per the draft guideline released by RBI, bank loans to entrepreneurs for acquiring real estate for their business would not be classified as commercial real estate (CRE) exposure. Currently, bank loans to companies for acquiring real estate for hotels and hospitality are treated as CRE exposure and attract a risk weight of […]

JNB Will Open 50 Hotels Across The Country By 2015

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 […]

Landmark Group Invests Rs 4000 Crore In North India

Landmark Group declared that it would invest approx four thousand crore rupees in developing twelve properties across the north India in the coming three to four years. Mr. Amit Kumar, Director, Landmark Group, said,“Currently, our twelve projects are undergoing in the North, which will be completed in the next three to four years. We will […]

Sistema With Shyam Group Will Work For Real Estate

Russian conglomerate Sistema, on Tuesday declared that it plans to invest $100-200 million in developing hotels, offices and residential complexes in major cities of India. The revelation came after the company’s decision to invest $5 billion in the country’s telecom sector earlier in the year. Sistema has confirmed an coalition with India Shyam Group, which […]

Chatwal to Invest 5,000 Crore In India

Chatwal is all set to spend Rupees five thousand crore in India. At this time, his company is coming up with 8 hotels in Karnataka, Andhra Pradesh, Kerala and Tamil Nadu. The first of these properties, in Hyderabad.