DLF to raise Rs 550 crore by selling hotel to Square Four Housing
DLF is reportedly raising Rs.500 crore by sell of its stake in hotel subsidiary to Kolkata-based Square Four Housing & Infrastructure Private Ltd.
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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.
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.
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).
International hotel chain look up to Asia Pacific for expansion
While the rest of the world continues to recover from decreased tourism, international hotel chains are bullish to the Asia Pacific region where the travel market is on the rise and struggling to keep up with the demand.
Gold Souk denies links with Gold Sukh Trade India
With reference to the media reports on scam in Gold Sukh Trade India in Jaipur, the real estate developers Gold Souk has denied any links with this company and has issued a release to “inform the general public at large that some person(s) is/are misusing the name of ‘GOLD SOUK’.
Hiranandani to invest Rs 3,000 crore in 2012 on realty projects
Mumbai-based developer Hiranandani Constructions will invest up to Rs 3,000 crore next year on various realty projects across the country.
DLF’s net debt up nearly Rs 1,000 crore in Q2
DLF has said its net debt increased by nearly Rs.1,000 crore in the July-September quarter to Rs.22,519 crore, mainly due to delayed receipt of payments related to non-core asset sales.
DLF Q2 FY12 results show revenue up 3% at Rs 2,577 Crore
DLF Limited has recorded consolidated revenues of Rs 2,577 crore for the quarter ended September 30, 2011, an increase of 2% from Rs.2,520 crore in Q2 FY11.
Parsvnath net profit falls, ventures into budget hotels
Parsvnath Developers presented gloomy second quarter results on Monday, November 7. Its net profit dipped 41.5 per cent in the quarter ended September to Rs.29.08 crore from Rs.49.97 crore in the corresponding period last year.