Manglam Builders acquires 3.5-acre land on Ajmer Road for ₹107 crores, planning a ₹500 crore luxury mixed-use project with retail, hotel, multiplex, and offices spanning 11 lakh sq ft.
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.
Essar Realty Holdings has secured a bid for a Rs 500-crore five-star hotel and multiplex at Nagpur's Multimodal International Hub Airport, partnering with Accor Hospitality.
Four hotel chains bid for a five-star hotel plot in Navi Mumbai amidst falling land prices in Mumbai and surrounding areas.
Five major realty companies, including B L Kashyap and Sons, are bidding to develop a Rs 100-crore five-star hotel in Bathinda, Punjab, under a public-private partnership.
SRS Group to invest ₹1,000 crore in 3 years, launch IPO by fiscal year-end. Plans include a 5-star hotel, IT park, residential complex, retail expansion, and new cinema screens.
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.
Modern India Ltd Invests ₹2000Cr in Rajasthan, Plans 5-Star Hotel & SEZ
Amrut Runwal Group is entering the hospitality sector with a five-star hotel in Pune, scheduled to open by June 2009, under the Ramada brand.
Paul Hotels & Resorts is investing Rs 180 crore to develop two hotels in Mysore and Hampi, Karnataka, within the next two years.