Property News from IndianRealtyNews

Property News from IndianRealtyNews

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ITC to Launch 60 New Hotels within the Next 3-4 Years

Posted: 26 Aug 2010 03:09 AM PDT

ITC on Tuesday said it expects to have up to 60 new hotel properties operational in the next 3-4 years as it expands to tap the growing potential of the Indian hospitality sector. The company, which currently has about 40 hotels at various stages of construction, will start work on another 15-20 new in the [...]

Lalit Suri Hospitality Group Plans Expansion

Posted: 26 Aug 2010 03:06 AM PDT

Lalit Suri Hospitality Group, which runs the Lalit chain of hotels, will invest Rs 2,500 crore by 2014 for expansion across luxury and mid-segment properties. The group’s chairperson and managing director Jyotsna Suri said that it has earmarked Rs 2,000 crore for expansion of luxury hotels and Rs 500 crore for mid-segment hotels. [...]

CMDA comes with New Guidelines to Meet Affordable Housing Demand

Posted: 25 Aug 2010 09:21 PM PDT

In a bid to create housing stock jointly with owners having large tracts of land and to meet the increasing demand for affordable housing in Chennai metropolitan area (CMA), the Chennai Metropolitan Development Authority (CMDA) has framed a new set of guidelines for implementation of the Public Private Partnership (PPP) scheme. The guidelines comes in [...]

RBI Proposes changes in Private Bank Provisions- Makes it Difficult for Banks with Insurance Ventures to Attract FDI

Posted: 25 Aug 2010 09:18 PM PDT

In an indication of continuing differences over the new foreign direct investment policy, the central bank has proposed changes in the provisions relating to private banks that will make it difficult for them to attract foreign investment if they have insurance ventures. Also, private banks that have sizeable foreign investment will find it difficult to [...]

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