Property News from IndianRealtyNews

Property News from IndianRealtyNews

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Travel and Hospitality Company BirdGroup to Open Six Luxury Hotels in India

Posted: 19 Oct 2010 12:23 AM PDT

Travel and hospitality company BirdGroup has announced plans to invest up to $500 million (Rs 2,200 crore) in the next six years on developing six luxury hotels across the country. The company said it had entered into a 50:50 joint venture (JV) with Thailand-based Dusit Hotels for foraying into the hospitality sector. It expects to [...]

NHB Set to Tighten Rules Governing Affordable Housing

Posted: 19 Oct 2010 12:19 AM PDT

The housing regulator plans to tighten the rules governing affordable housing as it looks to ensure that projects built on subsidised priority loans are actually delivered. The National Housing Bank is working on a proposal that seeks to make it mandatory for such projects to get rated by credit rating agencies such as Crisil [...]

Indian Real Estate Developer to Invest $130 million in Bahrain

Posted: 19 Oct 2010 12:16 AM PDT

Bahrain Bay Development BSC, the $2.5 bn landmark waterfront community on the north shore of Manama, has announced that its Indian Third Party Developer, the Ajmera Mayfair consortium, intends to invest up to $130 million in residential development within Bahrain Bay. “The Ajmera Mayfair Group are making great progress on their ambitious project, which will form [...]

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