S&P warns rising property prices as credit risk for banks
Standard & Poor’s Rating Services on Monday, July 4, said the surge in real estate prices in some pockets in India could emerge as a credit risk for banks.
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Dan Cake forms JV with Pune-based realty group
India’s low cost of production and its location has brought the Euro 70 million Dan Cake Portugal to set up a manufacturing plant here.
Kohinoor City takes integrated township to a new level
An integrated township at the heart of a city like Mumbai? You must be joking. Right?
Shangri-La Hotels and Resorts to launch 1st property in Mumbai
Asia Pacific’s luxury hotel group, Shangri-La Hotels and resorts, is all set to launch its second property in India after Shangri-La Eros in New Delhi.
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.
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.
Sheraton Bangalore launched
Starwood Hotels and Resorts announced on Friday the launch of Sheraton Bangalore Hotel at Brigade Gateway, the first property managed by the group in India.
Zinc Hospitality to bring its own brands to India
Real estate developer Zinc Hospitality, which holds equity in properties like Taj Safaris, Taj Asia, Hilton in New York and India Safaris, is all set to bring its own brands to India.
Delta Corp buys 51% stake in Thunderbird’s Daman Hospitality
ICICI Ventures-backed Delta Corp has acquired 51 per cent stake in Daman Hospitality Pvt Ltd for Rs 50 crore in its second acquisition this year.
Damac Property publishes global property trends report
It fair to say that current property development status is very different from previous ones.