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.
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.
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.
Supertech Limited plans to expand its geographical presence before filing DRHP with market regulator SEBI for its IPO in around a year’s time.
India’s top listed real estate developer DLF Ltd missed analysts’ estimates with a 19 percent fall in quarterly profit due to cost rises.
Sports cities – townships conceived and executed on a sports-centric theme and lifestyle concept – are a unique emerging real estate trend in the country.
CHD Developers Ltd. has reported its all time highest net sales of Rs. 86.11 crore for the quarter ended March 31, 2011.
Yash Birla Group has acquired Calcutta-based Aircon Engineering Services for Rs.10 crore, marking its foray in the infrastructure space.
Rakesh Dhamija has spent five years with a multinational company in Spain. During his morning-to-evening business travels he always opted for hotel lounges in various parts of Europe.
Infrastructure development firm Phadnis Infrastructure plans to invest over Rs 1,700 crore in the next five years to fuel its expansion plans.
While business travellers’ hotel is an established concept in several European countries, the concept is yet to catch fancy in India.