Phoenix Group Global launches Zuri brand of luxury hotels and resorts in India. First hotel to open in Bangalore, with plans for five more across the country.
Sahara Prime City announces a mega township project in Coimbatore, featuring nearly four thousand new homes including apartments, houses, and bungalows.
Sarovar Hotels & Resorts aims to add 100,000 rooms by 2012, expanding its portfolio with 33 new hotels across various brands, including budget-friendly Hometels and apartment hotels.
Gujarat realtors hope to generate ₹1,000 crore from NRI investments by March 2009 through the recent property show at the WGC. Despite market slowdowns, the focus remains on promoting Gujarat as a prime investment destination with high appreciation potential.
Terrorist attacks tragically impact human life and the economy, including real estate. This article examines the potential effects on India's real estate market, referencing global trends after 9/11.
SRK Group to invest Rs 5,000 crore over five years in India, targeting new cities for residential and commercial properties.
Ahmedabad is attracting significant NRI real estate investment, rivaling Mumbai and Goa. Driven by better appreciation and affordability, NRIs are showing increasing interest in high-end properties.
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.
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.
Sabarmati River Front project set to launch real estate development on 34 hectares of reclaimed land by December
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.
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.
DAMAC Properties expands its reach in India by appointing local agents in Gujarat to market international properties to Indian buyers and explore investment options in major Indian cities.
Ahmedabad realtors partner with AIANA to showcase Rs 20,000 crore worth of residential and commercial projects to NRGs at the 'Chaalo Gujarat' conference in New Jersey.
JP Infrastructure Pvt Ltd of Ahmedabad is negotiating with a private equity fund to raise ₹200 crore, while planning an IPO and various real estate projects.
Ascott Group expands into West India with a new serviced residence in Ahmedabad, partnering with Rattha Group for a significant investment.
Parsvnath Developers launched its first integrated commercial mall in Jamnagar, Gujarat, costing Rs 120 crore. The project spans 13,200 sq m and is expected to generate Rs 120 crore over three years.
Ahmedabad's real estate market is booming, with property prices doubling in two years, attracting investors like NRIs. Increased demand due to new companies and town planning has fueled this rapid growth.