Germany-based hotel management and consultancy firm, RIMC International, has entered into a 50:50 joint venture agreement with Pune-based Sahil Group of Companies, to manage and operate hotel projects in India. The joint venture company, RIMC Sahil India, aims to operate about 20 properties in the country by 2012. It has earmarked an investment of about […]
Tag: Star Property
Dubai-based ETA Star Real Estate Firm Plans To Enter Asian Markets
June 24, 2008 – 7:11 am
Dubai-based ETA Star real estate firm plans to utilize its funds to develop 120 million square feet of land in India. Dubai’s ETA Star Property Developers mulls a fund of $400 million via Islamic bonds to enter Asian markets as diverse as India and Laos. The real estate firm is planning to utilize its own […]
Real estate major ventures into hospitality with Ramada tie-up
April 16, 2008 – 7:45 am
Pune-based promoter and developer, the Amrut Runwal Group, is all set to venture into the hospitality industry. The group will begin with a five star property in Pune, which is scheduled to open by June 2009. “In order to diversify business operations, the Amrut Runwal Group decided to enter the hospitality industry. Since Pune is […]
