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.
Search Results: hospitality (596)
GURGAON – deep and diverse local economic and hospitality demand drivers
Gurgaon initially gained prominence as an outsourcing centre for major international companies that found it cheaper to locate their back-end operations in India due to the availability of high-quality but cost-effective employee resources. GE Capital initiated this trend and was the first multinational company to enter Gurgaon in 1997.
Institutional investment inflows in Indian realty touch USD 1.1 bn: Colliers
Q3 2024 attracted USD 1.1 Bn inflows, 45% higher over Q3 2023. Office segment drove over half of the investments in Q3 2024, followed by residential with 33% share. Domestic investments accounted for 44% of the total investments during the quarter. Chennai & Mumbai cumulatively attracted 57% of the inflows in Q3 2024. Sustained confidence in Indian economy continued to drive institutional investments into the real estate sector, reaching USD 4.7 billion during the first three quarters of 2024, almost at par with the corresponding period in 2023. Following significant inflows in the first two quarters, Q3 2024 too registered healthy investment inflow of about USD 1.1 billion, reflecting a 45% YoY growth.
Omaxe Group launches The Omaxe State with INR 2500 crore investment
Positioned close to major attractions such as Yashobhoomi (Asia’s largest convention center), IGI Airport (ranked among the world’s top 10 airports), Bharat Vandana Park (spanning 200 acres and one of Delhi’s largest parks, akin to Hyde Park and Central Park), and the upcoming diplomatic enclave with 39 embassies, the project is set to capture significant visitor traffic. The nearby Metrolite light rail system will further enhance accessibility. The project is expected to be completed by 2027 and to generate over Rs 4,200 crore in revenue during its lifecycle.
Dominated by foreign investors Q2 2024 received the highest institutional investments in a quarter post-pandemic: Vestian
The second quarter of 2024 witnessed institutional investments of USD 3.1 Bn, registering a sharp increase of 96% over the same quarter a year ago and 464% over the previous quarter. As the world economy is stabilizing amid geopolitical challenges, investors actively participated, resulting in the highest institutional investments in a quarter post the pandemic.
DLF is India’s most valuable real estate company with a value of INR 2 lakh crore: GROHE-Hurun India Real Estate 100 Report
DLF has emerged as the top real estate company in the 2024 GROHE-Hurun India Real Estate 100, with a valuation of INR 2,02,140 crore. Following DLF, Macrotech Developers holds the second position with a valuation of INR 1,36,730 crore, and Indian Hotels Company ranks third with INR 79,150 crore. Among the top 10 companies, 60% are headquartered in Mumbai, while two are based in Bengaluru and one each in Gurugram and Ahmedabad.
Rajiv Singh of DLF is India’s wealthiest real estate entrepreneur
With a wealth of INR 1,24,420 crore, Rajiv Singh from DLF leads the 2024 GROHE-Hurun India Real Estate Rich, followed by Mangal Prabhat Lodha from Macrotech Developers with INR 91,700 crore at the second spot, and Gautam Adani & family from the Adani Realty with INR 56,500 crore at third. Of the top 10 on the real estate rich list, five are from Bengaluru and four from Mumbai.
Colliers identifies 17 emerging real estate hotspots across India
A comprehensive analysis of these cities was done involving assessment of various social, economic, financial, and real estate specific demand & supply side parameters. Colliers conducted a broad-based assessment and developed an objective framework incorporating the above-mentioned parameters to assess their relative degrees of importance and impact on various real estate segments such as office, residential, warehousing, retail, hospitality, and alternatives (data centers, senior living, second homes etc.) in the respective cities.
Central Park launches Bignonia Towers; books INR 500 crore at the launch
Central Park launches Bignonia Towers, a high-rise project in Sohna, Gurugram. Located in Central Park Flower Valley, the project features 3 and 4 bedroom apartments that include 193 units with a minimum area of 3805 sq. ft. and maximum area of 5581 sq. ft. The project is located along Delhi-Mumbai Expressway and Gurugram-Sohna Elevated Corridor with connectivity to NH-48, SPR, Golf Course Extension Road.
Brand landscape getting competitive in Indian real estate; Prestige commands an edge
The 12th edition of Track2Realty BrandXReport 2023-24 is witness to the fact that the fiscal performance of nearly all the large & listed players is at an all time high. The real estate leadership is hence defined by the consumer experiences and their shared satisfaction along with the aspiration for the respective brands in the business.
Bengaluru-based Prestige Group has emerged as the National Brand Leader for the 2nd consecutive time. As a matter of fact, all the Top 3 National Brands of last fiscal year retain their respective Brand Rank with better Brand Score. Out of the Top 5 National Brands, 5 players are yet again from Bengaluru market. Sobha Limited improves its Brand Rank and jumps up to Number 4 this time around.