Fairmont Raffles lines up India expansion plan
Fairmont Raffles Hotels International (FRHI) has joined the list of global hospitality majors who are upbeat about the India growth story.
Fairmont Raffles Hotels International (FRHI) has joined the list of global hospitality majors who are upbeat about the India growth story.
Indian arm of a leading Bangkok based developer is looking to invest some $300 million in the country’s real estate market, particularly in the major cities of Delhi, Mumbai and Bangalore.
A two-day exhibition featuring 45 property developers from major cities of India is being held at Regency Halls on Friday and Saturday.
Vision India Real Estate, has announced a cultural association with the dance school of the well acclaimed actress and danseuse, Shobana, in its upcoming premium housing project, The Gem Grove.
Jaypee Sports International Ltd (JSIL) that will host India’s first ever F1 Grand Prix on its track in October this year on Monday said it expects to garner about Rs.150 crore from ticket sales of the race.
Nearly four years back when the real estate market was at its peak all the developers tried to diversify into other greener pastures.
Indian real estate is expected to face “large-scale distress” amid rising borrowing costs and shrinking access to credit that may force developers into fire sales for assets, according to Knight Frank.
The Bombay Stock Exchange on Monday said that it has excluded Indiabulls Real Estate Ltd from both the BSE 100 and BSE 200 indices and replaced it with Coal India.
Starwood Hotels & Resorts has announced plans to open W Mumbai in 2015, marking the debut of W Hotels Worldwide in India.
US-based 3 Palms Hotels and Resorts is set to enter India, with its first two hotels slated to open in August.