hotel
The world famous hospitality player Starwood Hotels & Resorts is planning to launch its luxury brands St Regis and W Hotels in India to meet the demand of the Indian market. With the launch of this brand in India, Starwood will have eight out of its nine brands in India. Mr. Dilip Puri, managing director [...] Continue Reading »
The concerned property is owned by Umbel Properties Pvt. Ltd. And managed by the Hilton consists of 247 studios and one and two bedroom suites along with four dining venues – global cuisine restaurant ‘Ministry of Food’, pool side al-fresco bar and grill ‘The Salt Grill’, lobby bar ‘KLINX’ and coffee lounge. The hotel also [...] Continue Reading »
ITC, which is Rs 43,000-crore business house, is planning to develop a luxury resort and spa at Mahabalipuram, near Chennai. According to the web site of company the resort named as ITC Vilasa is expected to open in the middle of this year. The resort is 25 km from the south of Chennai. As per [...] Continue Reading »
Foreign direct investment (FDI) into the services sector dropped by 60 percent to USD 1.59 billion in the last three quarters of year. This sector includes banking, insurance, outsourcing, R&D, courier and technology testing, it received FDI worth USD 4.04 billion in the April-December period of 2012, and this is according to the data collected [...] Continue Reading »
Famed Realty firm, Ambience Group will invest about Rs 1,800 crore to develop an integrated township and two housing projects over the next four years. The Delhi based group plans to launch two housing projects in Noida and Gurgaon, comprising a total of 1,100 housing units and a 350-acre township at Panipat. The 150-acre project in Gurgaon, named as [...] Continue Reading »
Bangalore- Phoenix Mills Ltd is planning to buy Everstone Capital’s real estate fund in Bangalore for $12 million (Rs 68 crore). The firm is in talks to buy 7.73 percent stake of Horizon Realty Fund LLC and 18.27 percent stake of Horizon Ventures II, which together, is approximately worth Rs 261 core. As of now, [...] Continue Reading »
The premium housing tradition with Bangalore is expected to obtain more appreciation with the introduction of involving all-under-one-roof walled city strategy. The majority of the basic amenities are given within the campus, cutting down the particular tours of denizens under this concept. The cost appreciation throughout integrated, walled townships is at least 30% a lot [...] Continue Reading »
Coimbatore- The Coimbatore municipal corporation has focused at achieving 91% tax collection from its 100 wards. It is taking strict actions against property tax defaulters including cutting off water connections to ensure maximum property tax collection from taxpayers before due date. In the preceding financial year, the civic body had achieved a high tax collection [...] Continue Reading »
Developers in Dubai are planning to come up with a replica of Taj Mahal worth one billion USD. The replica will be named as Taj Arabia and will be four times bigger than the original monument with one million sq ft of retail space including a 300 room hotel. Link Global, the firm behind the [...] Continue Reading »
Despite a slowdown in the real estate sector, Mumbai – based Lakshachandi Realty has stated that it expects a 25 per cent increase in revenue in the current fiscal. The company identifies their success is due to timely execution of its projects. The realty firm had earned revenues of Rs 250 crore in the last [...] Continue Reading »
