Bharat Hospitality launches five star hotel Lalit in Chandigarh
Jan 09, 2014
Source : The Economic Times

 

DELHI: Bharat Hospitality group that owns the Lalit hotel chain has opened its doors in Chandigarh. The Lalit Chandigarh, a five star property with 179 keys was set up with an investment of Rs. 400 crore. The property is spread across four acres in Chandigarh's Rajiv Gandhi IT Park.

The property was first announced in 2012 along with another property in Kolkata which launched end of last year. The Lalit Great Eastern, Kolkata was a property the group acquired from the West Bengal government in 2005 and took a total renovation cost of approximately Rs 320 crore.

The Lalit Suri Hospitality group has with eleven operational properties and six under development. The Lalit brand also operates other properties in Delhi, Mumbai, Goa, Bangalore, Srinagar, Udaipur, Khajuraho, Bekal and Jaipur.

Latest Realty News

Office leasing activity in Delhi-NCR picked up pace in October-December 2013: CBRE
Jan 09, 2014
DELHI: Absorption of prime office space in the National Capital Region (NCR) grew around 14% in the October-December 2013 quarter compared to the previous quarter, touching 1.7 million sq ft, according to property consultancy CBRE. The previous quarter saw a total leasing of 1.5 million sq ft.
DIPP to soon float revised cab note on FDI in construction
Jan 08, 2014
DELHI: The commerce and industry ministry will soon float a revised cabinet note on relaxation of FDI norms for the construction sector.
Should you prepay a home loan before you retire?
Jan 08, 2014
DELHI: Manoj Pradhan, who is set to retire in five years, has two properties. Since he has taken a home loan, one of these is mortgaged with the bank. He gets a concessional rate as he is a bank employee and hasn't prepaid the loan. He is banking on his pension, rent and investment returns for post-retirement needs. He isn't sure if he should repay the loan before he retires or allow it to continue. He needs help in taking the decision.
LARR Act: NAREDCO suggests amendments
Jan 08, 2014
DELHI: The intent of the Act seems to set standard norms for the transfer of land in order to free such deals of any dispute and thereby facilitate land transfers. However, the terms laid out within the Act are impractical and bound to result in avoidable delays and exponential cost increases, which defeat the very purpose of the Act.
Brigade Group buys 2.25 acre plot in Bangalore for Rs 69 crore
Jan 08, 2014
DELHI: Realty firm Brigade Enterprises has bought 2.25 acres of land in Bangalore from Hindustan Coca-Cola Beverages for almost Rs 69 crore.
No bar on purchase of private land: Ramesh to industry
Jan 07, 2014
DELHI: With the new Land Acquisition Act coming into force, government today sought to allay apprehension of the industry, saying there is no bar whatsoever on purchase of private land.
ANMI Convention on sustaining growth in turbulence
Jan 07, 2014
DELHI:Focusing on the twin issues of domestic investors’ role and challenges for regulators, the Association of National Exchange Members of India (ANMI) will hold its 7th annual international convention on January 10 and 11, 2014 in the capital with the theme being “Sustaining investment growth in turbulent economic scenario”.
Sobha Developers' Q3 sales bookings fall by 6 pc to Rs 502 crore
Jan 05, 2014
DELHI: Realty firm Sobha Developers' sales bookings fell by 6 per cent in the third quarter ended December 2013 to Rs 502.3 crore due to lower sales volumes because of a slowdown in the real estate market.
Subrata Roy moves SC for permission to go abroad
Jan 04, 2014
DELHI: Sahara Group chief Subrata Roy, who has been restrained from going abroad for failing to refund Rs. 20,000 crore investors' money, today moved the Supreme Court seeking its permission to go overseas for business purposes.
Investments in realty sector grow 53% in Jan-Sep 2013
Jan 04, 2014
DELHI: Investments in the real estate sector grew by 53% in the first three quarters of calendar 2013 with an infusion of $1,885 million against $1,235 million during the same period in the previous year.

Latest Realty News Of State

Realty Talk's