The Royal Calcutta Turf Club is revitalizing its operations through a joint venture with Emaar MGF, which plans to develop a 300-room hotel on its grounds.
Yatra Capital Ltd invests $7 million for a 40% stake in a Kolkata hotel project, emphasizing growth in the hospitality sector and aiming for diversified returns.
Amarpali Group, led by MD Mr. Anil Kr. Sharma, has successfully ventured into SEZs with international-class 4-5-star hospitality projects in multiple cities.
Ginger Hotels plans to open 60-70 properties across India in the next few years, focusing on refurbishing existing hotels and expanding its business model.
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.
Hilton plans to add 300 hotels in Asia over the next decade, focusing on India and China to capitalize on the travel boom. The expansion includes a joint venture with DLF Ltd. in India, aiming to open 75 hotels in five years.
The growth of serviced apartments is driven by rising hotel costs and space advantages, with companies like RKHS and Signature Crest capitalizing on corporate demands.
Berggruen Hotels plans to establish 8-10 four-star hotels in India, investing a total of Rs 2,100 crore, enhancing its existing portfolio of budget accommodations.
The Mumbai airport upgrade will unveil 132 acres for non-aeronautical uses, significantly boosting retail, hospitality, and office spaces in the region.
New airports in India will become business hubs with office, hospitality, and retail spaces, boosting real estate and attracting MNCs.
Real estate companies are increasingly investing in hospitality projects due to a perceived oversupply in residential and commercial markets. Driven by rising room rates and limited supply, developers view hospitality as a stable income source.
The Indian real estate sector is evolving, requiring a diverse skill set to support its growth in sustainable development and specialized infrastructure needs.
Rakindo Developers Pvt Ltd is launching Kovai Hills, an integrated township in Coimbatore, with an investment of Rs 6,000 crore, featuring luxurious villas and world-class amenities.
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.
Emaar MGF and Marriott International Inc. partner for four hotels in India, totaling 912 rooms and a $400 million investment, slated for completion by 2010.
IDEB is expanding its construction and hospitality services across major Indian cities, including plans for a new hotel in Bangalore.
Far East Organization, Singapore's largest private property developer, is exploring opportunities to enter India's real estate market, focusing on hospitality and luxury services.