DAMAC Properties plans a $1 billion investment in real estate projects, focusing on Indian investors, and will soon launch a second phase featuring luxury hotels and residences.
Frasers Hospitality expands into India, signing contracts for three Bangalore properties. Fraser Residence Beverly Park and Fraser Place Whitefield will open in June 2009, with Fraser Place Hosur Road slated for 2011.
Ascott Group expands into West India with a new serviced residence in Ahmedabad, partnering with Rattha Group for a significant investment.