Aloft Hotels, a franchisee of Starwood Hotels & Resorts Worldwide, Inc, is planning to add 830 rooms across five cities in India by the first quarter of next fiscal with an investment of Rs 500-550 crore. Speaking to reporters after launching the company’s first hotel in India at Chennai, Kumar Sitaraman, chairman and chief executive [...]
Archive for the ‘Tamil Nadu Real Estate News’ Category
DLF Looking to End Year with Operating Cash Surplus of Rs 2,500 crore
DLF Ltd, the largest real estate developer in the country by market capitalisation, is looking to end the year with operating cash surplus of Rs 2,500 crore, as it looks to raise Rs 2,700 crore through non-core asset sales and healthy cash flows. According to a report published in DNA, the developer is also looking [...]
Indiareit Raising Rs 350 crore for Domestic Realty Fund
Indiareit Fund Advisors, the Ajay Piramal group-promoted realty fund manger, was close to raising Rs 350 crore from high net worth individuals (HNIs) for its new property fund, said an executive. After doing so, it is setting its sights on raising a $250-million (Rs 1,100 crore) offshore fund, lined up for the next financial year. [...]
Chennai to host NAR convention
The Second Annual Convention of the National Association of Realtors – India is to be held in Chennai. The hosts are the Chennai Real Estate Agents Association. The convention will present an opportunity for all in the real estate sector, including, realtors, developers and representatives of allied industries, to interact and update themselves on the [...]
Prozone Comes up with three housing projects
Prozone Enterprises, a joint venture between Provogue India and UK’s Liberty International is planning to launch three residential projects in Indore, Nagpur and Coimbatore by the year-end. The first phase of the housing project will span 34 acres across the three cities, said Salil Chaturvedi, deputy managing director, Provogue India. “We have done this to [...]
Citi hotel SPV set to kick off with B’lore, Chennai openings
Sajan C Kumar Posted: Tuesday, May 11, 2010 at 2329 hrs IST Updated: Tuesday, May 11, 2010 at 2329 hrs IST Chennai: Aloft Hotels, the well-known brand from Starwood Hotels and Resorts Group Worldwide Inc, will soon have an India address. Urbanedge Hotels, the special purpose vehicle (SPV) of Auromatrix Holdings with Citi Property Investors, [...]
Isha to develop affordable homes in Chennai
Isha Homes (India) Private Ltd., a Chennai based real estate company developing residential homes in the luxury villa homes segment, is now planning to get into budget homes segment too. According to Suresh Krishn M. E., Managing Director, Isha Homes would build these budget homes at Medavakkam. These would come up on 5.91 acres. The [...]
Grand Luxe building two new hotels in Tamil Nadu
City-based Grand Luxe Hotels is building two new hotels in Tamil Nadu at an outlay of Rs.130 crore and mulling more units in the state as part of an expansion drive, a top company official said today. “One of the hotels will be in Pudukottai where we will convert a palace into a 27-room luxury [...]
A town that has emerged from the shadows of Bangalore
Jaishankar Jayaramiah Posted online: May 05, 2010 at 2037 hrs Till the other day, Hosur, the border town between Karnataka and Tamil Nadu was basking in Bangalore’s glory. But today, it’s a business destination in its own right and that’s eminently reflected in the spiraling real estate costs. There are several reasons for Hosur becoming [...]


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