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.
The south Indian hospitality market would see an addition of 14,500 new rooms in 178 star hotels across southern states by the end of year 2012.
Prithvi Raj Singh Oberoi and Mukesh Ambani are set to join hands for development of hotel properties, and even luxury apartments, both within and outside the country.
Interstate Hotels & Resorts, announced that JHM Interstate Hotels India, a 50/50 joint venture management company between Interstate and JHM Hotels, has signed contracts to operate two more hotels in India.
Appu Hotels, owner of Le Meridian Hotels in Chennai and Coimbatore, is planning to open three more hotels in the next two years with an investment of Rs.500-600 crore.
Newspaper advertisements and other branding collaterals of some of the real estate projects across the country attract the eye balls for what Indians have always aspired for—International living.
For those searching for their home sweet home in Goa, there’s a treat in store this Akshaya Tritaya.
Hospitality firm Lemon Tree Hotels is foraying into real estate, with plans to invest over Rs.1,400 crore, to launch housing projects in India in partnership with US-based investment firm Warburg Pincus.
Aerens Gold Souk International Ltd (AGIL), a part of diversified business group Gold Souk, has entered into a franchise agreement with the US-based hospitality giant Wyndham Hotel Group to operate four hotels.
Keys Hotels, one of the leading players in the mid-market brand of New York-based Berggruen Hotels, has announced plans to develop 15 hotels across India in the next three years with a total investment of Rs 550 crore.