News articles tagged Hotels

Gujarat government offers property tax waiver for restaurants, hotels, resorts & water parks for FY21-22

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.

PAG invest Rs 175 crore in Century Real Estate for luxury housing project

Century Real Estate secures Rs 175 crore from PAG for luxury housing project in North Bangalore, aiming to accelerate construction and repay debts.

Why Pune Cantonment Board (PCB) is Sealing Properties?

Pune Cantonment Board (PCB) to seal properties of tax defaulters who fail to pay dues by March 5, 2021. PCB aims to recover Rs 38 crore from over 12,000 defaulters.

12 Commercial Plots of Noida to be sell-off

Noida Authority is auctioning commercial plots ranging from 6,046 to 64,500 sq meters on a 90-year lease. The auction, scheduled for July 11, 2017, aims to boost the real estate sector with attractive land rates.

Bhubaneswar City will soon have World Trade Center

Bhubaneswar will soon host a World Trade Center, enhancing its smart city project with significant commercial and hotel developments in the area.

Valmark Group mulls over Rs.125 Cr realty fund

Valmark Group, a Bangalore-based real estate company, is considering raising a private equity real estate (PERE) fund of ₹125 Cr focused on Bangalore's realty market.

Trump plans widening its presence in India

US real estate major Trump seeks to expand its presence in India with luxury housing projects in Mumbai and NCR.

N.Y.’s Plaza Hotel to Get New Owner; Sahara India

Sahara India Pariwar, an Indian real estate company, has acquired a 75% stake in New York's iconic Plaza Hotel, valued at $575 million.

"India is a top focus for Realty Moghul" says Trump Scion.

The Trump Organization plans to expand its luxury residential and hotel projects in India over the next five years, focusing on cities like Mumbai, Delhi, Bangalore, and Goa, despite regulatory challenges.

Preferred Bidder for 42 Marriott Hotels in UK is an Indian investor.

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.

Top Brand Hotels looking for growth on Noida-Greater Noida Expressway.

Noida-Greater Noida Expressway to become a major hotel hub with 2,500 new rooms. Major brands like Marriott, Hyatt, and Oberoi are showing interest due to land availability and mixed-use projects.

Jaipur Tourism City - India's First tourism city with 300 acres entertainment, retail and residential space

Jaipur Tourism City, a 400-acre mixed-use destination resort, promises to be India's first vacation city featuring retail, hotels, attractions, and residential spaces.

Accor and InterGlobe entered a Joint Venture

Accor and InterGlobe collaborate to launch an investment fund for a chain of hotels in India.

Space City; Project by Abu Dhabi Firm

Marib Holdings LLC announced a Rs.18,400 cr. ($4 billion) space city project in Chikkaballapur, 90 km from Bangalore, to feature residential, business, and entertainment options.

Plaza Centers to invest three thousand crore

Zuri Group Global will invest ₹1200 crore in luxury residential properties and business hotels across India over three years.

Cheaper loan for hotels

RBI's draft guidelines propose excluding entrepreneur real estate loans for business from CRE classification, potentially easing construction finance access.

Ambuja Realty plans to spread

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.

Bank loans for hospitals and hotels are not commercial

RBI revises norms for loans to hotels and hospitals, excluding them from commercial real estate exposure. Provisions for commercial real estate reduced, but may increase.

RIMC enters India in JV with Sahil Group

RIMC International and Sahil Group form joint venture to manage hotel projects in India, aiming to operate 20 properties by 2012 with an investment of three million USD.

LAVA Electronics in talks with realty

LAVA Electronics plans India entry by Q3 2009 through a franchisee model, targeting large hotels and high-end consumers.

Unitech plans sale of assets to raise funds

Unitech to raise ₹2,500 cr by Jan via asset sales, PE funds & debt transfer to mitigate ₹8,200 cr debt

GMR Invites Bids For Building Hotels

GMR Group seeks bids for hotels near Delhi Airport, aiming for Rs 1,375 crore in security deposits. The 45-acre hospitality district project, delayed since 2008, features plots for budget to ultra-luxury hotels.

Parsvnath To Go Slow On Land Buys

Parsvnath Developers plans to invest up to Rs 500 crore for land acquisitions in FY 2009, focusing on integrated townships. The realtor added 66 acres of land in the latest quarter and has completed land acquisition for 8 SEZ sites. Parsvnath is also in advanced talks to sell stake in its SEZ projects and plans to build hotels and open retail stores during the current fiscal.

Suncity Projects To Invest Rs 2000 Crore

Suncity Projects announces plans to develop four retail cities in India by 2011, with an investment of Rs 2,000 crore.

Market slowdown Affects Hotel Development

Real estate slowdown impacts hospitality projects in India, causing delays and cost revisions. Stocks have plummeted, affecting real estate majors with hospitality holdings.