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.
Spencer’s has initiated stake sale talks with a foreign retailer on hopes that foreign direct investment will be opened up in multi-brand retail.
Ackruti City Limited has received IGBC Gold Precertification for its Thane-based project Ackruti Greenwoods.
Marriott has opened a 179-key property Courtyard in Pune to cater to the business travelers which is developed by Mumbai-based The Advantage Raheja Group.
The Ministry of Rural Development has decided to get the names of the companies IL&FS Ltd, Infrastructure Kerala Ltd, Marg Ltd, Megha Engineering Infrastructure Ltd and Seri Infrastructure Finance Ltd cleared from the Ministry of Corporate Affairs.
The six-acre land parcel owned by Tulip Star Hotel (formerly Centaur Hotel) at Juhu in Mumbai will continue to be entangled in legal battle for some more time, despite the arbitrator allowing termination of sale agreement entered in 2005.
V Square, a Real Estate Development Management Company has launched a commercial project, “114 Avenue”, located at Sector-114, Delhi Extension, Gurgaon.
Hindustan Unilever, India’s largest consumer goods company by revenue, is considering to either lease or co-develop its Bangalore IT Special Economic Zone (SEZ) project in a bid to unlock shareholder value.
Godrej Properties could look at dilution of promoters’ holding in the company in the next six months.
LIC Housing Finance Ltd plans to launch a Rs 500 crore venture capital (VC) fund for urban infrastructure development by September, according to its Director and Chief Executive Officer, V K Sharma.