News
ITC to Launch 60 New Hotels within the Next 3-4 Years
ITC on Tuesday said it expects to have up to 60 new hotel properties operational in the next 3-4 years as it expands to tap the growing potential of the Indian hospitality sector. The company, which currently has about 40 hotels at various stages of...
Ambuja to Build City Center Mall at Siliguri
Buoyant over the success of its multi-utility commercial property projects City Centre-I (at Salt Lake) and City Centre-II (at Rajarhat), Ambuja Realty has now come up with its third City Centre, this time round at Siliguri, on the foothills of the pic...
Wal-Mart and Carrefour Ask Govt to Allow 51% Foreign Investment in Multi-Brand Retail
Two of the world’s top retailers, Wal-Mart and Carrefour, vying for a cut in India’s organized retail pie, have asked the government to allow up to 51 per cent foreign investment in multi-brand retail. India allows 51 per cent foreign direct invest...
Prestige Group to Come up with Premium Residential Project in Bangalore
The Prestige Group has launched a premium residential project — Prestige Silver Oak — in Whitefield, Bangalore. Spread across 17 acres, the project comprises 146 independent villas and 32 low-rise apartments and is set amidst scenic landscapes. Ac...
Globevill to Develop Largest Township Project in Chennai
ETA Star, an offshoot of ETA Ascon Group, in association with the state-owned Tidco, has launched — Globevill, which is said to be the largest integrated township development in Tamil Nadu. To come up on the Chennai-Bangalore National Highway and loc...
Indospace Plans to Spend Rs 500 cr in Developing an Integrated Logistics Park
Indospace Logistics Fund, part of the Sameer Sain-promoted Everstone Capital that invests in logistics and industrial real estate, plans to spend around `500 crore in developing an integrated logistics park in the National Capital Region, according to ...
Govt to Allow Foreigners Set up LLP in Sectors where 100% FDI is Allowed
The government may soon allow foreigners to set up limited liability partnerships in sectors where 100% foreign investment is allowed, taking a decisive step after much flip-flop over funding guidelines for this form of business organisation, favoured ...
Nitco in Process to Invest 1000 crore in Mumbai Real Estate Ventures
“Nitco is in the process of investing about Rs 1,000 crore in three real estate ventures in Mumbai. We have recently completed a Rs 100 crore two lakh square feet project and expect to commence work on a Rs 700 crore, nine lakh square feet residentia...
