IFCI is expanding its real estate presence, launching three serviced apartment projects and partnering with Frasers Hospitality to manage a capital property.
Frasers Hospitality expands into India, signing contracts for three Bangalore properties. Fraser Residence Beverly Park and Fraser Place Whitefield will open in June 2009, with Fraser Place Hosur Road slated for 2011.
Frasers Hospitality plans to add 5,000 serviced apartments in two years, focusing on China, India, and Vietnam, despite global economic slowdown concerns.
Frasers Hospitality plans PE funds in Asia, aims to expand portfolio despite market challenges