Ansal Properties and Infrastructure, real estate major, declared on Wednesday, August 20 that it is going to spend Rs 3,600 Crore for developing a 270 acre special economic zone (SEZ) and parks across India. The Ansal Properties issued a statement, which informed that the proposed SEZ will comprise ...

The Mumbai-based Sarovar Hotels and Resorts is looking forward towards catering to the needs of mid-upper middle level businessmen and holiday makers in India. It therefore opened Hometel previous week as the country’s first branded budget hotel and has eight more such hotels in the pipeline. ...

Reportedly, real estate major SRK Group will be investing Rs 5000cr in diverse properties across the country. The developmental program will be carried out in next five years and will expand in various cities of India. The Pune based company’s Chairman and Managing Director K Rasheed ...

The Tata sons’ fully owned subsidiary, Tata Housing Development Company Ltd. declared on Thursday, August 7, that it is foraying into the real estate market of North India by developing a 200 lakh square feet property. Speaking about its Gurgaon’s Raisina Residency project, Tata Housing ...

In order to foray into the hospitality segment, the well-known real estate company Parsvnath Developers announced on Wednesday, August 6 that it is going to construct a four star hotel in Lucknow. The proposed hotel will cover an area of 150,000 square feet and will have 130 rooms. ...

At a time when airlines across the globe are cutting down flights due to rising fuel costs, the national airline of the United Arab Emirates (UAE) Etihad Airways has introduced two new flights to Chennai and Kozhikode in India. The launch of Etihad’s new services now connects the region to a ...

With the mall culture catching up fast on Indians, it was announced by the Suncity Projects on Saturday, July 26 that it is going to invest Rs 8000 Crore in order to create 10 retail malls across India in the coming six years. Suncity Projects Vice-President (Retail) Vijay Arora, said, ‘We ...

Sajjan Jindal’s JSW group decided to build a sea port some where else in Orissa-Bengal border than building a deep sea port which had to be constructed under an agreement with Indian government. Talking about company’s decision Sajjan Jindal said that company had looked at locations ...

Steel manufacturer Prakash Industries declared on Friday, July 4 that it is going to invest Rs 485 Crore for constructing a cement and a clinker factory in Chhattisgarh. In a filing to the Bombay Stock Exchange, the Prakash Industries mentioned that it inked a Memorandum of Understanding (MoU) for ...

ICRTC (Indian Railways Catering and Tourism Corporation Ltd.) a subsidiary of Indian Railways in its policy decision has decided to set up budget hotels in three cities of south India first will come up at the city of Mangalore. The series of hotels named ‘Railratna’ will offer budget ...

Cement companies such as Lucky, Elephant, and Maple Leaf are here to give tough fight to Indian cement manufacturers. This will certainly help check prices which have been soaring high recently. The cost difference would certainly decide whether these brands can sustain in Indian cement market or ...

The business unit of the Verizon Communications Inc\'s (VZ.N), which is a prominent US broadband and telecommunications company, said on Tuesday 6 May that it will assist in the construction of the undersea cable linking Europe, the Middle East and India. In the process, it gets to spread out its ...

The Government owned infrastructure and logistics major Rail India Technical and Economic Services Ltd (RITES) is likely to go in for IPO in the second quarter of 2008. According to Managing Director of RITES Ltd. V.K Agarwal, it is also planning to enter into the Public Private Participation (PPP) ...

The body incharge of property investment for the Citibank has invested $160 million in real estate key player, BPTP. Before this, the Citibank Property Investment (CPI) had put in $80 million in the same company to notch up a 5.89% stake. The new investment has gone into a special purpose vehicle ...

The cities of Delhi, Hyderabad, Kolkatta and Amritsar will each get a luxury hotel to be developed under the banner of Emaar MGF group. The hotels in Delhi, Hyderabad and Kolkatta will be built in collaboration with the JW Marriot group of hotels. The cost of construction of these four luxury ...