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.
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.
