The Income Tax Department has significantly expanded its real estate holdings, acquiring properties worth ₹2,500 crore across over 20 cities to enhance taxpayer services.
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.
Sarovar Hotels & Resorts aims to add 100,000 rooms by 2012, expanding its portfolio with 33 new hotels across various brands, including budget-friendly Hometels and apartment hotels.
Uttorayon township in Siliguri, a collaborative project, has completed two phases and is set for a 2011 completion. The project includes hotels, a hospital, and a mall, with most flats already sold.
Mahindra & Mahindra slows down its Rs 4,000 crore World City project in West Bengal, focusing on its IT SEZ and exploring tourism opportunities.
Inox Leisure to expand in Eastern India with 18 multiplexes, 67 screens, and an investment of over ₹100 crores