Hotel Leela to invest Rs.100 crore in Goa
Hotel Leelaventure will invest Rs.100 crore to upgrade its property in Goa in 2011 and is looking to expand presence in the country by opening new company-owned properties and taking up management contracts.
Browsing: Commercial News
Hyatt not worried with DB Realty’s scam
Hyatt Hotels Corporation, one of the world’s biggest hotel chains, is not worried with the DB Realty’s scam. The Chicago-headquartered group is going ahead with plans of opening five hotels with the Mumbai-based DB Group.
Walmart in talks for Big Bazaar stake
In what could be biggest shake up in India’s retail sector, and cheer up the real estate developers also who are at the receiving end by the retail partners, the global major retail Walmart is in talks with Big Bazaar for stake.
IT raids Kanakia Group
The income tax department has conducted a search operation on Mumbai-based Kanakia Group. The raids were conducted early morning, in Mumbai and Lucknow for alleged tax evasion.
Gaursons & Saviour launches Gaur Mulberry Mansions
Gaursons Hi-Tech Infrastructure Pvt. Ltd. (a Group Company of Gaursons India Ltd & Saviour Builders Private Limited) has launched Gaur Mulberry Mansions in Noida Extension.
Tainted DB Realty restructuring board
DB Realty, the tainted Mumbai-based real estate developer whose name figured in the 2G spectrum investigations, has lost its fourth director since February.
Atlanta plans to build residential complex at Kandivali
Atlanta Ltd has announced that it is a company with deep rooted presence in three of the country’s fastest growing segments; infrastructure development, mining and realty.
Malls, halls on defence land draw CAG flak
The Comptroller and Auditor General of India (CAG) has taken a strong objection to the military authorities in Karnataka who have permitted unauthorized use of defence land for constructing shopping malls and halls in gross violation of rules and without sanction from the Defence Ministry.
Oz company’s stake in Unitech crosses 5%
Australia’s Platinum Investment Management has raised its stake in India’s second largest real estate firm Unitech to 5.16%.
Mumbai residential real estate review – March 2011
After a one-year period starting 3Q 2009, which saw a strong recovery with a record 40%+ increase in prices, the Mumbai residential real estate market has been seeing a slowdown over the last two quarters across various micro markets.