Emerging markets property developer Plaza Centers NV said it has signed a joint venture contract with Israel-based Elbit Imaging for developing three projects in India. The three projects are in the three Indian cities Bangalore, Chennai and Kochi and would have a combined development budget of about 3.4 billion dollars, Plaza said in a regulatory […]
Tag: Four Star Hotels
Berggruen In A Thousand Crore Rupees Expansion
August 21, 2008 – 5:10 am
Berggruen Holdings, a New York-based private investment company, which is setting up a series of three- and four-star hotels under its arm Berggruen Hotels, will invest over Rs 1,000 crore in India till 2012. This quantum will be funded through a debt-equity ratio of 2:1. The company has tied up with IDFC for a loan […]
