The growth of serviced apartments is driven by rising hotel costs and space advantages, with companies like RKHS and Signature Crest capitalizing on corporate demands.
DIAL's plan for a 45-acre hospitality district faces a hurdle as AAI refuses to contribute its share of the Rs 1,000 crore funding, impacting the project's progress and Delhi's hotel room supply.
Lehman Brothers invests $175 million in a Mumbai mixed-use project with Unitech and local partners. The project includes 1 million sq ft of office space, part of an 18 million sq ft master plan.
Indian Hospitality Corporation plans $1 billion investment to acquire hotels and restaurant chains across 17 cities.
ABS Hotels India is set to launch 'Smart Hotels' in eight cities, alongside expanding its Roop Hotels & Resorts brand, with significant investment plans.
India drops to second in retail investment ranking, with Vietnam taking top spot due to strong economic growth and consumer demand.
State-owned pharmaceutical companies are shifting focus to real estate development, leveraging their land holdings to build commercial complexes and IT parks. This move aims to generate revenue and meet social objectives without government assistance.
Majid Al Futtaim is exploring opportunities in India's real estate sector, aiming to partner locally for shopping malls and residential projects within the next two years.
Berggruen Hotels plans to establish 8-10 four-star hotels in India, investing a total of Rs 2,100 crore, enhancing its existing portfolio of budget accommodations.
Inox Leisure to expand in Eastern India with 18 multiplexes, 67 screens, and an investment of over ₹100 crores
Carrefour explores franchise model in India, considering Parsvnath as potential partner for retail expansion
A report reveals a staggering 400% increase in commercial property loan defaults over the past year, highlighting the struggles of smaller investors amid financial challenges.
Videocon Group acquired Lotus Society in Ahmedabad for Rs 30 crore to build a commercial complex and five-star hotel, capitalizing on the Sabarmati riverfront project.
Barclays Bank leases 15,000 sq ft at Mumbai's CeeJay House for record-breaking Rs 725 per sq ft monthly rent.
Khaleeji Commercial Bank's Danat India Investment Company raises $163.5m for Indian real estate project
Delhi Metro's commercial property usage has generated ₹600 crore in revenue, twice the target, with expectations of reaching ₹1,000 crore soon due to high demand.
New airports in India will become business hubs with office, hospitality, and retail spaces, boosting real estate and attracting MNCs.
Royal Palms India plans significant hotel expansion across Mumbai, Hyderabad, and Kolkata with ₹2,400 crore investment
Pantaloon Retail will invest over Rs 1500 crore to open 110 Big Bazaar hypermarkets across India, expanding its presence in major cities and aiming for significant growth.
German bank SachsenFonds acquires stakes in multiple Indian realty projects from Trikona Trinity Capital for Rs 607 crore
Phoenix Mills is poised to finalize the acquisition of three plots for mall developments in Ahmedabad, Hyderabad, and Nashik for approximately eight billion rupees.
Indiabulls Group is negotiating with global retailers for a pan-India presence while expanding its real estate portfolio with new malls expected to open by 2009.
Hyper City Retail halts convenience format plans, shifts focus to big box format and multi-channel retailing due to low profit margins and high real estate costs.
Retail sector in India shows massive potential with growth and consolidation expected in the medium term
Real estate companies are increasingly investing in hospitality projects due to a perceived oversupply in residential and commercial markets. Driven by rising room rates and limited supply, developers view hospitality as a stable income source.
