The emergence of the secondary and tertiary cities led to an aggressive increase in hotel development and provided avenues for expansion of hotel brands, which were previously dependent on new opportunities in just the five main cities.
Amidst cut-throat the hospitality vertical of Indian real estate has done well with hotels across the budget segment witnessing upward movement. Track2Realty exp0lores the emerging trends and also addresses the game changers that has influenced in the past and promises to do so in the year ahead.
High real estate costs, lack of any tax incentive and bureaucratic hurdles are huge problems for the growth of the hospitality industry that is one of the country’s top job earners, a survey has revealed.
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.
The Hero Group of automobile makers on Monday, September 5, announced its foray into the hospitality sector.
Impresario Entertainment and Hospitality Pvt Ltd, the Mumbai-headquartered company which runs a chain of fine-dining restaurants, has raised Rs.48 crore or $10.5 million from strategic investor Mirah Hospitality and Food Solutions Pvt Ltd.
Mumbai-based Silvex Realty Limited with services in construction, real estate and infrastructure has forayed into the hospitality industry.
Dynamix Balwas (DB) Realty, the Mumbai-based realtor, has decided to buy upto 49 per cent stake in its hospitality arm, DB Hospitality Ltd, an unlisted arm where the promoters hold a majority stake.
CapitaLand, one of Asia’s largest real estate firms, will spend…
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.