Luxury hotel brands eye India market
Many of the best luxury and ultra-luxury hotels from all over the world are readying plans to enter the India market, and are expected to set up chains over the next couple of years.
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Saffron Group to invest more in hospitality ventures
Saffron Group, the Delhi-NCR based real estate group, which has recently forayed into hotel business by launching the maiden hotel property – Comfort Inn Saffron Kiran at Faridabad, NCR, plans to make more investments in the hospitality sector primarily in Northern India.
Fitch removes Unitech, Parsvnath from coverage
International agency Fitch Ratings has withdrawn ratings for various debt programmes for two listed real estate companies — Unitech and Parsvnath Developers Ltd — from its coverage.
Ajmera Realty & Infra India acquires 100% stake in Ajmera Biofuel
Ajmera Realty & Infra India has announced that the company has acquired 100% stake in Ajmera Biofuel (ABL) subject to such approvals, consent, sanctions and permissions as may be required.
Wave Inc appoints IBM to deploy IT Infrastructure for Smart Township
Wave Inc has engaged IBM to provide a roadmap to make its green-field township, Wave City, a smarter township. Located in Ghaziabad (Uttar Pradesh State).
DLF buys Hilton’s 26% stake in hotel JV
DLF has bought its partner Hilton’s 26% share in joint venture DLF Hotels & Hospitality for Rs.120 crore.
Indian developer announces Dubai foray
India-based Pacific Real Estate Development has announced its first property venture in Dubai, the 28-storey luxury tower at Tecom Media City.
Omkar Realtors awards Rs 579-cr construction contract to L&T for slum rehab buildings
Mumbai-based Omkar Realtors & Developers has awarded construction contracts worth Rs.579-crore to Larsen and Toubro (L&T) for three of its SRA projects.
DLF to divest entire stake in Galaxy Mercantile
DLF has signed an agreement to divest all its stake in Galaxy Mercantile Ltd, a joint venture company between DLF Home Developers Ltd and Infrastructure Development Finance Company Ltd (IDFC).
Investors Clinic opens in Dubai
Investors Clinic Infratech, the real estate marketing and brokerage firm operating under the brand name of ‘Investors Clinic’, has set up its first international operations in Dubai.