Hyatt Introduces Hyatt House in India with agreement for hotel in Mumbai
Hyatt Hotels Corporation has introduced its new Hyatt House extended-stay brand in India, with the signing of a management agreement by a Hyatt affiliate for a hotel in Mumbai.
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Gruh Finance Q3 results show 30% increase in PAT
The Board of Directors of GRUH Finance Ltd. (GRUH) – a subsidiary of HDFC Ltd. – has approved the accounts for the quarter ended December 31, 2011 at their meeting held in Mumbai on January 12, 2012.
Real estate regulator to ensure transparency: Kumari Selja
A real estate regulator will enforce public disclosure and bring in much needed transparency and accountability in the sector and there is overwhelming support for setting up such an entity.
Regulation needed for reformed real estate
Regulation is required for any industry to function properly and the real estate industry is no exception. The market is being manipulated by the big and influential real estate lobby causing large inequities in resource and product allocation.
Investing in real estate private equity funds
The Indian real estate sector has grown rapidly over the last few years, with its stakeholder profile evolving from locally-focused, privately-owned enterprises to increasingly corporatized, professional organizations funded with public capital and having multiple market and product strategies.
Is Mumbai building enough?
According to the 2011 census, the Mumbai Metropolitan Region has over 23.5 million people. To house this population on the ground floor, assuming a household size of 4 and dwelling units of 900 sq ft per family which are laid wall to wall, we would need 121,384 acres of contiguous land.
SC admits Sahara plea; extends SAT order stay
The Supreme Court today admitted Sahara India Real Estate Corporation Limited (SIRECL’s) plea challenging the Securities Appellate Tribunal order directing it to refund around Rs.17,400 crore to investors who had invested in its OFCDs.
Asia Pacific Property Investment Guide 2012 launched Jointly by JLL and Blake Dawson
Real estate consultants Jones Lang LaSalle in conjunction with law firm Blake Dawson, have launched The Asia Pacific Property Investment Guide 2012, a comprehensive guide to how real estate markets operate across Asia Pacific.
Wyndham to operate 35 Howard Johnson hotels in India in 5 yrs
International hospitality major Wyndham Hotel Group has entered into a partnership with Ahmedabad-based Unique Mercantile to develop 35 hotels in India under Howard Johnson brand in the next five years.
CREDAI welcomes Govt move on DP
The Confederation of Real Estate Developers’ Association of India (CREDAI) has welcomed the decision of the Government to approve the Development Plan (DP) for 23 villages of Pune saying it would provide a fillip to growth.