Latest Realty News

Jan 04, 2016
Dubai's Emaar Properties has hired a local contractor to restore a fire-damaged hotel, stating on Sunday that the New Year blaze would have "no material impact" on the company because the building and risk of fire are covered by its insurance.
Dec 15, 2015
New Delhi: Hospitality chain Hotel Leelaventure on Monday completed the Rs 725-crore sale of its Goa property to Ceres Hotels.
Jan 26, 2015
NEW DELHI: The Delhi High Court has sought DDA's response on a PIL seeking a CBI probe into the 25-year lease extension granted to Taj Palace hotel here in 2013
Donald Trump plans 30 hotels globally by 2020
Aug 25, 2014
Trump Hotel Collection, the wholly-owned hotel management company of the US real estate billionaire Donald Trump, plans to have 30 hotels globally by 2020 and India will be a major contributor towards this tally
Pollution: Closure notice to 9 Puri hotels
Aug 25, 2014
The Odisha State Pollution Control Board (OSPCB) has slapped closure notices on nine hotels in Puri and one in Bhubaneswar
Sahara hotels in London, New York attract Gulf billionaires
Apr 29, 2014
MUMBAI: Sahara's luxury hotels in London and New York are drawing interest from Gulf billionaires. The Al Thani's, members of the Qatar royal family, Global Investment House —one of Kuwait's largest investment banks — and MBI International which is controlled by billionaire philanthropist Mohamed Bin Issa Al Jaber had offered to buy the hotels Dream Downtown and The Plaza in New York and Grosvenor House in London. The ownership of these properties is with Aambey Valley (Mauritius), an offshore a
Around 52,000 hotel rooms to be added in top cities by 2017
Apr 16, 2014
AHMEDABAD: A Cushman & Wakefield (C&W) report states that the hospitality sector will see a rise of over 65 per cent in total hotel inventory by 2017. Approximately, 52,000 new hotel rooms are expected to come into existence in the next five years (2013-2017). Despite a slow response, the hospitality sector of India, is expecting to witness better demand, in the coming years, on account of improved global economic conditions. Many hotel projects, that were delayed in the last two years, are also
CJI moves Cidco hotel plot case to another bench
Mar 25, 2014
MUMBAI: A Supreme Court bench, headed by the Chief Justice of India (CJI) P Sathasivam, on Monday requested a two-judge bench, headed by Justice Gyan Sudha Misra, not to hear a matter listed before it for a day after lawyers representing the City and Industrial Development Corporation (Cidco) complained of forum-hunting and sought de-tagging of its case.
Luxury hotels hardsell suites to boost occupancy in slowdown
Mar 11, 2014
DELHI: In the spring of 2013, when managers at East India Hotels were grappling with dwindling footfalls at their Oberoi hotels, someone came up with an idea: at their 100-odd pricy suites across India, tariffs would remain the same, but they would add weekend gateways, extra hours to check-out, luxury car pick-ups, free internet access and white-gloved butler service.
India to get first Conrad in Pune
Feb 07, 2014
PUNE: Hilton Worldwide will open its first Conrad hotel in India in 2015 under a management contract signed with K Raheja Constructions Group. The luxury hotel is currently under development in Pune and would be the 24th Conrad hotel in the world. The brand targets the “global elite”.
Unitech eyes close to Rs 1,000 crore from land, 2 NCR hotels
Jan 16, 2014
DELHI: Delhi-based real estate developer Unitech is looking at selling two hotel properties in the national capital region (NCR) and around 30 acres of land parcels in south India, which totally could fetch the company close to R1,000 crore, said an industry source.
Stakeholders keen to contribute to tourism growth
Jan 16, 2014
NASHIK: Stakeholders in Nashik's tourism business, like tour operators and builders, have offered their cooperation in the growth of tourism in the district.
Kanakia Group to invest Rs 500 crore in residential, hotel properties
Jan 09, 2014
MUMBAI: Diversified conglomerate Kanakia Group plans to invest more than Rs 500 crore over the next two years for developing residential and hotel properties, a top company official said.
New property tax regime for Kochi
Nov 06, 2013
KOCHI: Almost 20 years after it revised the property tax for commercial and residential buildings in the city, the Kochi corporation is all set to implement an overhauled tax regime in two months, which is expected to swell their coffers by an additional Rs 20 crore next year. Currently, the civic body's annual levy from property tax stands at Rs 80 crore.
Sofitel eyes 10 properties in India in couple of years
Oct 10, 2013
MUMBAI: Sofitel, a French luxury hotel chain managed by Accor Group, is eyeing 10 properties in India, mainly in prime luxury destinations, in a couple of years, a top company executive said.
Hotel deals: It's a buyer's market
Oct 08, 2013
DELHI: Even as about 30 branded hotels and 40 non-branded properties and land parcels are on the block in the hospitality industry, experts say for big-ticket transactions, it might turn out to be another wait-and-watch year, unless the economy improves and the asking prices of most of these assets fall.
Hotel rate increases to hit oversupply ceiling
Sep 30, 2013
MUMBAI: The pace of economic growth may have slowed down, impacting global travel, but it hasn’t stopped hotel chains from opening more rooms for guests.
Sahara group to launch luxury clubs with membership fees upto Rs 30 crore
Aug 09, 2013
DELHI: The Sahara group is planning to launch clubs with membership costing Rs 1.5 crore to as much as Rs 30 crore, price tags that will be justified at the higher end by ownership of premium residential properties thrown into the package.
DLF in talks with PEs and international hotel operators for Aman Resorts sale
Jul 29, 2013
NEW DELHI: India's largest real estate firm DLFBSE -1.25 % has ended its "exclusivity contract" to sell luxury hotel chain Aman Resorts to the original owner and founder Adrian Zecha and has begun talks with a clutch of private equity funds and international hotel operators, which includes Blackstone and Carlyle.
Delhi hotels may be allowed to build and sell flats to raise funds
Jul 04, 2013
DELHI: The government is planning to allow hotels to build and sell apartments in their complexes in Delhi, a move that may benefit several hotels in the city except those that fall within the restricted Lutyens' Bungalow Zone.
Omaxe to invest Rs 200 crore to set up five-star hotel
Jul 04, 2013
MUMBAI: Real estate firm Omaxe today said it will invest Rs 200 crore to set up a five-star hotel in New Chandigarh, where it is developing an integrated township.
Hotel Taj Mansingh: Home ministry opposes right of first refusal to Tatas
Jun 29, 2013
DELHI: The union home ministry has said that the Tatas should not be allowed the right of first refusal in the upcoming auction of the Indian Hotels Company-operated Taj Mansingh hotel, opposing the proposal of the New Delhi Municipal Council, which owns the building that houses the luxury hotel in central Delhi.

Latest Realty News Of State

Realty Talk's