News articles tagged Hospitality Sector

Puducherry’s New Smart City Initiative Targets Sustainable Growth and Real Estate Opportunity

Puducherry’s Smart City initiative leverages smart infrastructure and green solutions to boost urban sustainability and real estate potential.

From a Bengaluru tailor shop to a $1.3 billion fortune: Introducing Irfan Razack, MD and Chairman of Prestige Estates Project

Irfan Razack's family wealth hits $1 billion as Prestige Estates Projects shares surge. The company, now India's second-largest, boasts global brand tenants.

JLL to Raise Rs.1200 Cr Commercial Realty Fund

Jones Lang LaSalle plans to raise Rs.1200 Cr for investment in the commercial realty sector.

Hotel Industry Hit By Labor Shortage, Builders Too Affected

The hotel industry faces a significant labor shortage, hindering expansion plans while the government and companies struggle to find solutions to the crisis.

Alleged Vadra- DLF Real Estate Link Remains Unanswered

Robert Vadra's real estate empire, built with soft loans from DLF, faces accusations of irregularities, sparking questions about his business dealings.

Real Estate Developer to Maintain Focus on Residential Segment

Puravankara Projects Ltd. may enter the hospitality sector in 6-8 months, but is currently focused on residential projects, particularly in South India.

Lutron India To Foray Realty Sector

Lutron, a global lighting controls major, plans to enter the residential apartment market in India. The company aims to double its business in the next few years, despite market challenges.

Goel Ganga Group To Deliver Ten Thousand Flats Within Next Three Years

Goel Ganga group expands, delivering 10,000 flats in 3 years, investing Rs 5,000 crore in Pune, Bangalore, Mumbai, and Nagpur, with new hospitality ventures.

Alchemist Group Will Invest Rs 1,300 Crore In Hospitality Sector

The Chandigarh-based Alchemist Group is investing Rs 1,300 crore in the hospitality sector over the next two years, including fine dining restaurants and quick service chains.

Six Hotel Projects Shelved

Several small real estate firms are selling hotel projects due to a market slowdown and cash flow issues. Projects in Ahmedabad, Bangalore, Pune, Chandigarh, and NCR are on the block.

Leading Real Estate Player Interested In Hospitality sector

Indian developers diversify into hospitality due to low real estate margins, high lending rates, and strict financing norms.

Government Relaxing Entry Restrictions For foreign Players In Hotel Construction

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.

Starwood Hotels & Resorts Worldwide Inc Plans Upscale Brand Aloft In India

Starwood Hotels plans to expand Aloft brand in India across Chennai, Bangalore, Pune, and Ahmedabad starting 2009.

Leading property developers are pulling out of hotel project

Leading property developers are withdrawing from hotel projects due to cash flow issues, complicating relationships with hospitality chains like Royal Orchid and Ramada.

IHC To Spend One Billion Dollar On Buying Hotels

Indian Hospitality Corporation plans $1 billion investment to acquire hotels and restaurant chains across 17 cities.

India Real Estate Infra Fund Looking For $100 mn Mop-up End June

Mauritius-based fund aims to raise $100 million for Indian real estate investments by June, targeting unlisted companies.

Landmark Group Invests Rs 4000 Crore In North India

Landmark Group to invest ₹4,000cr in 12 North India properties over 3-4 years

Royal Palms Plans Star Hotels In Main Cities

Royal Palms India plans significant hotel expansion across Mumbai, Hyderabad, and Kolkata with ₹2,400 crore investment

GIC All Set For Big Real Estate Deal In India.

GIC Real Estate plans to expand its investments in India, focusing on private equity deals and a joint venture in the hospitality sector, driving potential growth.

Holding Company ‘Dubai Properties Group’ Launched to Further Consolidate Operations

Dubai Properties revamps corporate structure, forms Dubai Properties Group with 6 business units, targeting global expansion and $700B portfolio growth.