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.
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.
Mumbai's real estate developers raised concerns over surging steel prices, urging an investigation as it threatens construction plans for the Commonwealth Games 2010.