News articles tagged Resorts

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.

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.

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.

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.

ABS Hotels Plans Smart Hotels Project In Eight Cities

ABS Hotels India is set to launch 'Smart Hotels' in eight cities, alongside expanding its Roop Hotels & Resorts brand, with significant investment plans.

Berggruen Will Invest 500 Million Dollar In India

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.

Munjal Family Ready For Real Estate Business.

The Munjal family, renowned for Hero Honda, is diversifying into real estate with plans for townships, industrial parks, hotels, and resorts across India. Initial investments will be family-funded, with external interest from investors and private equity.