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 [...]
Posts Tagged ‘Commercial Real Estate’
Bangalore- The Silicon Valley Of India
Bangaluru has over the years gained immense popularity as the hub for IT industries in India. With great opportunities like world class education, working environment, living standards it is not wrong to mention it as the “The Silicon Valley of India”. Many non-Bangaloreans now call the city their home. It is interesting to note that [...]
HCC Divests 74 per cent of its Stake in its Commercial Real Estate Project in Mumbai
Hindustan Construction Company (HCC) has demonstrated its ability to monetise its commercial project at a time when the commercial real estate market in India is still not out of the woods. The company, on Thursday, announced divesting 74 per cent of its stake in its commercial real estate project in Mumbai called ‘247 Park’ to [...]
RBI Proposes Change
The Reserve Bank of India on Wednesday clamped restrictions on Urban Co-operative Banks (UCBs) to exposure on realty sector up to 15% of their total deposits. Photo by Telstar LogisticsSpecified in the circular issued by the Reserve Bank of India , it said the total exposure of UCBs to realty sector, including individual housing loans [...]
Opportunities in Assam
Assam is a north eastern state of India which is located south of the eastern Himalayas. The state is surrounded by the remaining Seven Sister States including Nagaland, Meghalaya, Mizoram, Aruncahal Pradesh, Tripura, and Manipur. Dispur, a pat of Guwuhati serves as the capital city of Assam.Assam’s rich reserves of coal, oil and natural gas [...]
Vascon Engineers Launches First Premium Housing Project in Tamil Nadu
Vascon Engineers has announced the launch of Tulips, their first premium housing project in Tamil Nadu, which is being developed in association with Pricol Properties Ltd, the leading real estate company in Coimbatore. Addressing the media on the occasion, R Vasudevan, managing director of Vascon Engineers, said: “We are very happy that we are making [...]
Commercial real estate sales in Europe, Middle East and North Africa set to rise by 30% this year
Direct commercial real estate transaction volumes are predicted to increase by 30% in 2010 in Europe, the Middle East and North Africa, according to a new report. The positive outlook comes on the back of a better than expected first three months of the year which is traditionally a quieter time for the market. But [...]
Govt Approves Six New SEZs
The government on Friday approved the setting up of six new special economic zones or SEZs, areas which receive special tax and duty concessions for manufacturing and exports. Among those approved are a solar SEZ by infrastructure company Lanco in Chhattisgarh and a copper SEZ by Sterlite Industries in Tamil Nadu. The approvals also allayed [...]
Gujarat Builders To Tour Argentina And Brazil
As the realty sector in the country is picking up again the builders and developers of Gujarat want to leave no stone unturned to lure the buyers and provide them with unique world class features. Over 100 builders from across the state are planning to visit Argentina and Brazil as part of a technical tour [...]


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