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Germany-based global hospitality major Worldhotels is planning to expand its business in India. The company had announced its tie-up with Hyderabad-based Golkonda Hotels by planning to run 20 properties by the end of next year. Currently the firm runs 12 properties including Asiana Hotel in Chennai, The Claridges in Delhi, Pride Park Premier in Gurgaon, [...] Continue Reading »
Chennai-based real estate developer, Omshakthy Agencies, has proposed a new 150 acre gated mini-township project at Tirumudivakkam near Chennai. It is planning to raise around Rs 150 crore through the private equity (PE) route for the project. The initial investment is expected to be around Rs 300 crore, of which 50 per cent would be [...] Continue Reading »
