Sterling Holiday Resorts opens Sterling Hibis Vellore, its first 40-key property spanning 5.3 acres along Tiruvannamalai Road. This resort boosts Vellore's hospitality scene with villa-style rooms, spa, pool, and event spaces, drawing leisure and business travelers while sparking nearby real estate growth in residential and commercial sectors.
Crimson Hotels has signed a greenfield project for its Citron brand in Dehradun, a 65-room upscale hotel set to open in 2028. Featuring three dining outlets and banquet spaces for 500 guests, it taps into the city's rise as an education and MICE hub, boosting premium hospitality demand near Mussoorie.
IHCL teams up with MGM Healthcare to build a luxurious 180-key Taj hotel on 52 acres near Puducherry's White Town. Boasting the region's largest 10,700 sq. ft. banquet hall, beachfront lawns, J Wellness Circle, and fine dining options, this greenfield project elevates luxury hospitality amid rising tourism demand.
Bengaluru's Brigade Group has secured a long-term lease for 9 acres in Perungudi on Old Mahabalipuram Road from YMCA. They plan to build 1.6 million sq ft, featuring a Grade-A office complex and a 200-key JW Marriott hotel, boosting their Chennai footprint.
The GROHE-Hurun India Real Estate 100 list highlights India's booming real estate market, driven by economic growth and investment, surpassing China in growth rate.
RMZ Corporation announced its global expansion plans, looking to close real estate deals in the US, EU, and UK over the next 12 to 15 months. The company aims to reach $100 billion in assets by 2032.
Retail boom in India impacts religious tourism. Tourists seek experiences beyond customary activities, driving growth in cities like Ayodhya and Varanasi.
Mumbai developers like Oberoi Realty, Godrej Properties, and Hiranandani Group are acquiring land in Ayodhya, driving property price increases by 179% post-temple opening.
Marriott Executive Apartments in Hyderabad offers a unique blend of spacious accommodations, diverse amenities, and strategic location for long-term stays and convenient living.
Commercial real estate investment in Noida is surging due to high demand, infrastructure, and connectivity. The city offers various commercial property types including office, retail, industrial, and more.
Jaypee Group's founder, Jaiprakash Gaur, transformed the construction industry but faced setbacks in real estate leading to over 20,000 dissatisfied home buyers struggling for their completed homes.
Gujarat govt. announced 100% property tax exemption for hotels, restaurants, resorts, and water parks for FY2021-22, alongside revoking flat electricity bills, offering substantial relief to the hospitality sector.
PE investments in Indian office spaces doubled in the first three quarters of 2013, despite a slow realty market. Bangalore attracted the most investments, while housing saw a decline.
Xander Group plans to invest ₹300 Cr in Nitesh Estates' Bangalore retail project on 8 acres in Koramangala. Xander has invested over $2 Bn in India.
Sahara chief Subrata Roy seeks court approval to deposit property deeds with nationalized bank amid ongoing dispute with SEBI.
Blue Mountain Real Estate Advisors bids nearly £750m for 42 Marriott hotels in Britain. The deal involves RBS, the primary debt holder, granting exclusivity to the Indian firm.
DLF Plans Rs 1000-Crore Infopark Project in Bhubaneswar, Phase One to Start with 5.4 Acres.
Cable Corporation of India announces entry into real estate with a Rs. 1000 crore investment for Rivali Park, a mixed-use project in Borivali, Mumbai.
Integrated commercial spaces, mirroring residential complexes, are gaining traction in India, offering office spaces, hotels, and retail areas within a single development.
The Indian hospitality sector is witnessing a surge in global investment, with numerous hotel chains planning expansion amid a significant demand-supply gap in accommodation.
Mumbai anticipates highest residential demand, while Bangalore leads in office and retail space. Pune shows strong retail growth potential.
RBI's draft guidelines propose excluding entrepreneur real estate loans for business from CRE classification, potentially easing construction finance access.
Ambuja Realty is expanding into real estate, hospitality, life care, and education despite the economic slowdown. The company has invested ₹1200 crore in projects since its inception.
Atria group plans to expand its Indian hospitality sector portfolio with 1500 new rooms across multiple cities, including the launch of Atria Grand in 2009.
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.