Jumeirah Group entering Indian real estate market
Jumeirah Group, a Dubai based hospitality company signed a deal for luxury hotel at Lower Parel in central Mumbai.
Jumeirah is the operator of Dubai’s seven-star hotel Burj Al Arab. The hotel in Mumbai will be operational by 2017 and will offer 470 luxurious rooms, service apartments and suites, as well as wide variety of pubs and restaurants. They will revel the name of the hotel and further information about the project in mid of 2013.
The demand intended for five-star accommodations in the Indian real estate market has been sturdy. The Mumbai deal shows the initial cycle associated with Jumeirah’s extension in the country.
Mumbai commercial real estate market is in demand
Commercial real estate growing in Navi Mumbai
Commercial real estate sector remains stagnant
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