Property News from IndianRealtyNews |  |
- Best Western Hotels Plans 14 More Hotels in India
- Jaiprakash Associates Reports 166 Per Cent Jump in Consolidated Net Profit
- Premium Residential Housing Back in Vogue
- Indiareit Raising Rs 350 crore for Domestic Realty Fund
- Commercial Real Estate Chennai
| Best Western Hotels Plans 14 More Hotels in India Posted: 30 May 2010 10:07 PM PDT Best Western India (BWI), a part of global hotel chain Best Western International, is looking to expand its presence in the mid-market segment. The company, which has 10 hotels in India at present, will set up an additional 14 hotels by 2012. The company, present in India since 2007, operates on a franchisee model [...] |
| Jaiprakash Associates Reports 166 Per Cent Jump in Consolidated Net Profit Posted: 30 May 2010 09:06 PM PDT Infra major Jaiprakash Associates on Sunday reported a 166 per cent jump in consolidated net profit to Rs 1,119.18 crore for the fiscal ended March 31, 2010. The consolidated net profit of the company was Rs 420.25 crore in the previous fiscal. Consolidated total income of infrastructure conglomerate rose to Rs 5,772.69 crore during fiscal [...] |
| Premium Residential Housing Back in Vogue Posted: 30 May 2010 08:04 PM PDT Premium residential housing is back in vogue with a tangible improvement in the real estate sector. To match the increasing demand, developers are launching new projects in this space, adding to their present portfolio. "As the economy is growing and income levels are rising, there is a rise in demand for high quality and premium [...] |
| Indiareit Raising Rs 350 crore for Domestic Realty Fund Posted: 30 May 2010 08:03 PM PDT 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. [...] |
| Commercial Real Estate Chennai Posted: 30 May 2010 07:00 PM PDT In Chennai, buyers are not willing to settle for second-best in terms of location and quality of built-up space. Residents and visitors to Chennai cannot help but wonder at the number of 'to let’ boards on commercial buildings. A 'to let’ board is often the last resort of an owner, says a broker. An owner [...] |
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