GMR Group seeks bids for hotels near Delhi Airport, aiming for Rs 1,375 crore in security deposits. The 45-acre hospitality district project, delayed since 2008, features plots for budget to ultra-luxury hotels.
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.
Shriram Properties plans to establish two subsidiaries for retail and hospitality, aiming to develop 15 malls and 70-80 budget hotels in the coming years.
The Indian hospitality sector is rapidly evolving, with hotel chains expanding across India and globally, driven by rising demand and new market opportunities.
ABS Hotels India is set to launch 'Smart Hotels' in eight cities, alongside expanding its Roop Hotels & Resorts brand, with significant investment plans.
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.
Landmark Group to invest ₹4,000cr in 12 North India properties over 3-4 years
Indian real estate market to grow 35-40% in next two years, attracting $12 billion in PE investments from players like Blackstone and Deutsche Bank.
Amrapali Group plans to invest Rs 600 crore in various hotel projects across India, with a mix of budget and luxury accommodations in key cities.