Movenpick Hotels & Resorts to open 1st property in India
Movenpick Hotels & Resorts is set to launch its first property in India, the Movenpick Hotel & Spa Bangalore, which will have soft opening on June 1, 2011.
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Phadnis Group plans Rs 800 crore expansion
Pune-based Phadnis Group is planning to invest Rs.800 crore in diverse sectors including real estate, hospitality and infrastructure in the next three years.
JP Morgan invests $30 mn in Parsvnath project
JP Morgan has invested $30 million in Parsvnath Developers’ residential project La Tropicana coming up in the Civil Lines area of New Delhi.
Supertech to expand geographical presence before IPO
Supertech Limited plans to expand its geographical presence before filing DRHP with market regulator SEBI for its IPO in around a year’s time.
DLF eyes Rs 7000cr from sale of assets
DLF plans to raise Rs.7,000 crore in the next two to three years from the sale of non-core assets to reduce its net debt of Rs.21,424 crore.
DLF reports marginal drop in net profit
DLF Ltd has reported a marginal drop of 4.8% in its net profit for the year ending 31 March 2011.
The Indian rental housing sector – State of apathy
The Indian rental housing sector is seriously under-serviced by the organized real estate industry.
Kohinoor Elite to bridge demand-supply mismatch for young business travellers
Rakesh Dhamija has spent five years with a multinational company in Spain. During his morning-to-evening business travels he always opted for hotel lounges in various parts of Europe.
Phadnis Infra plans to invest Rs 1,700 crore over 5 years
Infrastructure development firm Phadnis Infrastructure plans to invest over Rs 1,700 crore in the next five years to fuel its expansion plans.
Zinc Hospitality to bring its own brands to India
Real estate developer Zinc Hospitality, which holds equity in properties like Taj Safaris, Taj Asia, Hilton in New York and India Safaris, is all set to bring its own brands to India.