Property News from IndianRealtyNews

Property News from IndianRealtyNews

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UK’s Hotel Chain Premier Inn Plans Expansion in India

Posted: 11 Oct 2010 02:51 AM PDT

British hospitality chain Premier Inn plans to hire nearly 400 people in India in little over three years, as part of its expansion efforts. Currently, the company has about 70 employees in the country and is looking to increase the head count to 470 by 2013. Well known for its budget hotels, Premier Inn is [...]

India’s Fourth Largest Retailer Provogue opens Mall in Aurangabad

Posted: 11 Oct 2010 02:49 AM PDT

Provogue (India) Ltd, the country's fourth-largest retail company, has opened its first Prozone mall in Aurangabad on Friday through its subsidiary Prozone, its joint venture with UK's Capital Shopping Centres Group Plc (formerly called Liberty International Plc). Prozone Aurangabad, a horizontally designed development of over 1 million square feet, completed its phase one on Friday. [...]

Pune Witnesses Great Resurgence in Commercial Real Estate Demand

Posted: 11 Oct 2010 02:47 AM PDT

Sanjay Bajaj, Local Director – Markets, Jones Lang LaSalle India said, “Far ahead of what market pundits have been predicting, the Pune commercial real estate market is already witnessing a great resurgence in demand. The clients I have been in discussion with over the last quarter and definitely interested in growing their portfolios once again, [...]

Mumbai Tops India’s Residential Real Estate Demand

Posted: 11 Oct 2010 02:44 AM PDT

While stocks and bonds have held their positions as traditional instruments of investment, now investors are increasingly looking for options including real estate, hedge funds, private equity and Exchange Traded Funds (ETFs). A recent study by Jones Lang LaSalle, states that for the first time ever, the value of investment grade real estate in India [...]

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