Indian Hotels Company plans to invest Rs 1,800 crore in growth, including new airport hotels and international associations, and plans for a strategic focus on standalone properties.
Rising real estate rentals are impacting retail expansion plans. Spencer Retail aims to open more stores, focusing on location due to rental costs.
Acacia Real Estate acquires 26% stake in Delhi retail mall via JV with Anant Raj Group, expecting 83% ROI over 3.5 years.
RDB Industries Limited has received a government tender worth thirty crores for a residential complex at AIIMS Patna, expanding its real estate portfolio.
The commercial real estate market faced challenges in Q2 2008, with stagnant office demand amid cautious company expansions, according to Cushman & Wakefield's report.
India's commercial real estate sector is experiencing a slowdown due to the general economic downturn, impacting demand and rental values across major cities.
Essar Realty Holdings has secured a bid for a Rs 500-crore five-star hotel and multiplex at Nagpur's Multimodal International Hub Airport, partnering with Accor Hospitality.
The city's developers are encouraged to adopt green standards as WBGEDC plans to launch a green rating project to promote energy-efficient commercial buildings.
HDFC Property Ventures is investing $20-25 million into South India’s largest central business district (CBD) mall developed by Nitesh Estates in Bangalore. This move marks their first foray into retail infrastructure.
ITC to invest in new hotels in Chennai, Kolkata, Ahmedabad, Hyderabad, and Delhi, with estimated investments over Rs 4000 crore this year and next.
The Chandigarh-based Alchemist Group is investing Rs 1,300 crore in the hospitality sector over the next two years, including fine dining restaurants and quick service chains.
Several small real estate firms are selling hotel projects due to a market slowdown and cash flow issues. Projects in Ahmedabad, Bangalore, Pune, Chandigarh, and NCR are on the block.
Kolkata's real estate market witnesses a decline in developer interest as a prime 10-acre plot tender gets scrapped due to only one bidder.
UK-based Eredene Group and Apeejay Infra-Logistics Pvt Ltd set to develop an integrated logistics park in Haldia, with support from Haldia Development Authority.
The Royal Calcutta Turf Club is revitalizing its operations through a joint venture with Emaar MGF, which plans to develop a 300-room hotel on its grounds.
Pune's rental costs for software companies have surged, raising concerns about its cost advantage in attracting investment as noted by industry leaders.
Suncity Projects announces plans to develop four retail cities in India by 2011, with an investment of Rs 2,000 crore.
Four hotel chains bid for a five-star hotel plot in Navi Mumbai amidst falling land prices in Mumbai and surrounding areas.
Yatra Capital Ltd invests $7 million for a 40% stake in a Kolkata hotel project, emphasizing growth in the hospitality sector and aiming for diversified returns.
The Indian hospitality sector is rapidly evolving, with hotel chains expanding across India and globally, driven by rising demand and new market opportunities.
Real estate slowdown impacts hospitality projects in India, causing delays and cost revisions. Stocks have plummeted, affecting real estate majors with hospitality holdings.
India's IT boom fuels high demand for office space, but slowdown concerns rise, impacting commercial property market, particularly in Bangalore and Hyderabad.
Maytas Properties launches IT/ITES SEZ, Maytas Hill County, with 8 million sqft built-up area, and plans two more SEZs in Hyderabad.
India's retail scene is thriving, with a rise in organized retailing and malls, while high street shops also maintain their appeal, showcasing a complementary growth strategy.
Ginger Hotels plans to open 60-70 properties across India in the next few years, focusing on refurbishing existing hotels and expanding its business model.
