Office rentals in Gurgaon declined by 8% in Q2 2008 due to increased supply and reduced demand. The report highlights preferred locations like MG Road, Golf Course Road, and DLF Cyber City. Noida remains an attractive option for IT/ITeS companies.
Reliance Industries faces land acquisition hurdles for its Haryana SEZs due to price disagreements with landowners, impacting the 25,000-acre project.
Mahindra & Mahindra slows down its Rs 4,000 crore World City project in West Bengal, focusing on its IT SEZ and exploring tourism opportunities.
Ascendas is poised to acquire a 6.18-acre site in Chennai, with expectations of a deal worth around Rs 220 crore, pending approval for increased floor space index.
Brigade Enterprises acquires 5 acres in Kochi's Info Park to develop a 6,00,000 sq ft IT SEZ, marking their first commercial venture in the city.
Frasers Hospitality plans to add 5,000 serviced apartments in two years, focusing on China, India, and Vietnam, despite global economic slowdown concerns.
Eredene Capital acquires 50% stake in Apeejay Infra-Logistics for Rs 42 crore to develop a logistics park in Haldia, West Bengal.
India may ease foreign investment rules for hotel construction to address room shortages before the 2010 Commonwealth Games. This includes reducing minimum development area requirements and waiving lock-in periods and minimum investment criteria.
DLF Ltd plans to develop eight shopping malls in metros this financial year, focusing on leasing commercial spaces.
Starwood Hotels plans to expand Aloft brand in India across Chennai, Bangalore, Pune, and Ahmedabad starting 2009.
Dalmia group's Landmark Land Holdings acquires 10% stake in Pune's Hinjewadi SEZ project, with potential for 49% ownership. The project, developed by Kumar Builders, spans 124 acres and targets $1B+ revenue.
Indian developers are increasingly focusing on green buildings due to growing environmental awareness among multinational tenants. While involving higher initial costs, these buildings offer long-term savings and attract eco-conscious companies.
Hilton plans to add 300 hotels in Asia over the next decade, focusing on India and China to capitalize on the travel boom. The expansion includes a joint venture with DLF Ltd. in India, aiming to open 75 hotels in five years.
E-CITY Ventures to set up 45 value malls in emerging cities, targeting 10 million sqft, with Rs 450 crore equity funding in advanced talks.
Lippo Group plans to invest $10 billion in Asian property markets over the next five years, focusing on retail, residential, hospital, and hotel projects in emerging markets like China and Indonesia.
Frasers Hospitality plans PE funds in Asia, aims to expand portfolio despite market challenges
Leading property developers are withdrawing from hotel projects due to cash flow issues, complicating relationships with hospitality chains like Royal Orchid and Ramada.
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.
