The Delhi-Amritsar-Katra Expressway, connecting key religious sites, is set to open by December 2025. This 670 km expressway will significantly reduce travel time and boost tourism and real estate in the region.
Retail boom in India impacts religious tourism. Tourists seek experiences beyond customary activities, driving growth in cities like Ayodhya and Varanasi.
SARE Homes plans to develop 40 million sq ft in next five years across seven major Indian cities, including Navi Mumbai.
Better Option Propmart (BOP) plans to launch 15 real estate boutiques across North India, offering free consultations and a consumer-durable shopping experience.
Better Options Property (BOP) plans to launch realty boutiques called "BOP Studios" across Indian cities. These studios, modeled as walk-in property shops, target prime locations, recruit thousands of professionals, and aim for multiple projects in various cities.
Shriram Properties and Career Launcher will open 25 Indus World Schools in townships across Bangalore, Chennai, Kolkata, and Visakhapatnam by 2010.
NRIs are avoiding real estate investments in India due to the global economic downturn, significantly impacting the realty sector.
Choice Hotels plans to invest fifteen hundred crore rupees over two years to expand its hotel count in India from 25 to 50.
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.
Alpha G:Corp signs JV for Alpha One mega project in Amritsar, investing ₹270cr in Phase 1
Impact Projects and SARE partner to develop two luxury townships in Amritsar with an investment of ₹18 billion.
Emaar MGF and Marriott International Inc. partner for four hotels in India, totaling 912 rooms and a $400 million investment, slated for completion by 2010.