A business group in the US named Vision India Real Estate is bankrolling a sum total of $5 million in an upcoming residential project in Chennai. The project belongs to Gem Group. This is the first time that the US Company is going for a joint development project. It is proposing an investment of $100 […]
Tag: Hospitality Sector
Atria to expand in India
November 5, 2008 – 1:48 am
Bengaluru-based Atria group will expand in the Indian hospitality sector with plans to add 1500 rooms to its inventory at an investment of Rs 1500 Crore in the next five years. Hotel projects will come up in Delhi NCR, Chennai, Mysore, Coorg and Hyderabad. The group also plans to launch the 270 room Atria Grand, […]
Alchemist Group Will Invest Rs 1,300 Crore In Hospitality Sector
August 2, 2008 – 7:14 am
The Chandigarh-based Alchemist Group is planning a big bang foray into the hospitality sector with an investment of Rs 1,300 crore over the next two years. The plan includes a huge fine dining, quick services restaurant chain and five-star hotels. The Rs 7,000-crore conglomerate, which has interests in real estate, food processing, healthcare, pharma and […]
Leading Real Estate Player Interested In Hospitality sector
July 25, 2008 – 5:06 am
Suffering from low margins, Indian developers are entering fresh businesses like retail and hotel to expand revenue stream and offset slowing demand for real estate projects due to six year high lending rates and severe financing norm. Below are a few recent investments in the hospitality sector Yatra Capital, a Jersey-based private equity firm, will […]
Sistema Will Invest In Hospitality Sector In India
May 1, 2008 – 7:48 am
Kolkata, April 30:- Mr Alexander A. Chinyaev, the chief representative in India of Sistema said that after venturing into the Indian telecom business, Russian conglomerate Sistema is now planning to tap the real estate and hospitality industries in India. The London Stock Exchange-listed public sector company is looking at investing an estimated eight hundred crore […]
Good Budget For Real Estate Sector
March 1, 2008 – 1:32 am
The Indian real estate sector has largely welcomed the overall effect of the budget, although saying that it could have done more for the industry. Pradeep Jain, chairman of Parsvnath Developers Ltd. told that the budget will enhance the socio-economic infrastructure of the country by giving needed emphasis to education, health and hospitality sector. The […]
