Hotels
By setting up eateries and hotels Polo Towers group would invest Rs 100 crore by 2016 and it already owns hotels in Shillong, Cherrapunji and Tura in Meghalaya. CEO of the group Deval Tibrewalla told reporters that we are investing Rs 100 crore for setting up eateries and hotels by 2016. After getting franchisee from [...] Continue Reading »
The Builders and property promoters in Coimbatore requested to the Commissioner of Central Excise, Customs and Service Tax to focus on the problem they faced in payment of Service Tax. The Representatives of the local Builders’ Association of India and Confederation of Real Estate Developers’ Associations of India and the Coimbatore Builders and Contractors Association [...] Continue Reading »
After the country’s coming elections that will lead to a new wave of infrastructure development, Chairman of the Tata Group, Cyrus Mistry, is scheduling to spend at least $8 billion in building roads, airports and housing, betting a stable administration. In December 2012 after Ratan Tata’s two decades at the helm, Mistry, 45, took over [...] Continue Reading »
Banking high on about 10 per cent growth happening in the furnishing segment, Creative Portico India, a premium bed and bath soft furnishing player in India, is planning to add about 200 outlets through the franchise route in three years. In addition to the retail, it is also looking to tap bulk business opportunities from [...] Continue Reading »
Chandigarh – The administration is currently in dilemma over the usage of 152 acre of land in Raipur Kalan which was kept for Industrial Area, Phase III. UT administration has stopped keeping land for industrial area and planning to work on their master plan to introduce flattened factories concept in that area. According to recent survey [...] Continue Reading »
Delhi/NCR: With recent developments of infrastructure on the Gurgaon-Faridabad Road, it has been considered as the next prime location of the real estate development. Developments have been taken place in both the residential and commercial units and developers like IREO Group’s Gurgaon Hills, Krrish Group’s Province Estate, Paras Group’s Paras Trade Centre and others are coming [...] Continue Reading »
Delhi Development Authority (DDA) has given hotels in Delhi a more than 11 times hike in FAR( floor area ratio). FAR has been increased to 175 from 15. The decision has been announced at the recent DDA meeting. The added FAR would be applied to hotels with sanctioned building plans as on February 7, 2007 [...] Continue Reading »
Caesars Entertainment, the world’s biggest casino company, is planning to enter hospitality and entertainment sector in India. It has plans to enter luxury hotels as well as entertainment businesses such as managing Bollywood-centric events, concerts, musicals, drama and stand-up comedy. Las Vegas-based Caesars Entertainment owns 50 hotels and casinos and several golf resorts around the [...] Continue Reading »
As power deficit is taking a toll on the economy of the state, the Tamil Nadu government is planning to make it mandatory for major industries, high-rise apartment complexes, major institutions and hotels to meet two per cent of their energy needs from solar sources. The decision has come after a consultation with Tamil Nadu [...] Continue Reading »
Mumbai-based real estate developer Royal Palms India is about to sell part of its hospitality developments. I has put its four hotels that include three 5-star category properties on the block. The properties are Hotel Imperial Palace, Palms Hotel Tower and Convention Centre and Palms Villas Hotel and one 4-star under construction property. The total [...] Continue Reading »
