Movenpick Hotels & Resorts to open 1st property in India
Movenpick Hotels & Resorts is set to launch its first property in India, the Movenpick Hotel & Spa Bangalore, which will have soft opening on June 1, 2011.
Author Track2Realty
Track2Realty
Track2Realty is an independent media group managed by a consortium of journalists. Starting as the first e-newspaper in the Indian real estate sector in 2011, the group has today evolved as a think-tank on the sector with specialized research reports and rating & ranking. We are editorially independent and free from commercial bias and/or influenced by investors or shareholders. Our editorial team has no clash of interest in practicing high quality journalism that is free, frank & fearless. Now you can subscribe our YouTube Channel @ https://www.youtube.com/channel/UClwlWQn4MUB7uVbQKsNEJzg
Patel Realty to launch pan-India project worth Rs 300 cr
Patel Realty India Ltd plans to launch 3-3.5 million sq ft of projects valued around Rs.300 crore during the present financial year across the country.
Phadnis Group plans Rs 800 crore expansion
Pune-based Phadnis Group is planning to invest Rs.800 crore in diverse sectors including real estate, hospitality and infrastructure in the next three years.
JP Morgan invests $30 mn in Parsvnath project
JP Morgan has invested $30 million in Parsvnath Developers’ residential project La Tropicana coming up in the Civil Lines area of New Delhi.
Supertech to expand geographical presence before IPO
Supertech Limited plans to expand its geographical presence before filing DRHP with market regulator SEBI for its IPO in around a year’s time.
DLF shares fell to 2 year low
India’s top listed real estate developer DLF Ltd missed analysts’ estimates with a 19 percent fall in quarterly profit due to cost rises.
DLF eyes Rs 7000cr from sale of assets
DLF plans to raise Rs.7,000 crore in the next two to three years from the sale of non-core assets to reduce its net debt of Rs.21,424 crore.
DLF plots offset to costs blow
DLF Ltd will focus on plotted development in the short term in a bid to weather the blow from rising inflation and input costs.
Will sports cities inject adrenaline into the residential market?
Sports cities – townships conceived and executed on a sports-centric theme and lifestyle concept – are a unique emerging real estate trend in the country.
DLF reports marginal drop in net profit
DLF Ltd has reported a marginal drop of 4.8% in its net profit for the year ending 31 March 2011.