ITC says 40 new hotels with 5,000 rooms in pipeline
NEW DELHI (INDIA): Diversified firm ITC plans to open 40 new hotels, adding around 5,000 rooms over a period of time, as part of the strategy to strengthen its hospitality… Read more »
Monthly Archives: September 2017
US homebuilder sentiment falls in September
U.S. homebuilders are feeling less optimistic about their sales prospects, reflecting concerns that rebuilding efforts following hurricanes Harvey and Irma will drive up costs for construction labor and materials. Even… Read more »
NBCC to launch 1,000 flats for sale during festival
NEW DELHI (INDIA): State-owned construction firm National Buildings Construction Corporation NBCC (India) will launch about 1,000 flats for sale in this festival season and is in discussion with the government… Read more »
India to exit 3 ITDC hotels, handover stakes to state governments
NEW DELHI (INDIA): As part of the disinvestment exercise, the government of India decided to exit three ITDC hotels including Jaipur Ashok and handover them to the state governments concerned…. Read more »
Kerala to import sand to meet demand in construction sector
THIRUVANANTHAPURAM (INDIA): The Kerala government has decided to import sand for construction purposes to overcome the shortage. A decision in this regard was taken at a high level meeting chaired… Read more »
CapitaLand Commercial to buy Singapore office tower from BlackRock for $1.55 billion
By: Aradhana Aravindan SINGAPORE: CapitaLand Commercial Trust (CCT) said on Thursday it would buy a 46-storey office tower in Singapore’s financial district for S$2.1 billion ($1.55 billion) from BlackRock Inc,… Read more »
Investment in realty sector at $5 billion so far this year: KPMG
NEW DELHI (INDIA): Institutional investors have put in USD 5 billion so far this year into the real estate sector, largely in commercial assets, according to KPMG. “USD 5 billion… Read more »
NTR housing scheme has gained momentum
AMARAVATI (INDIA): Andhra Pradesh Chief Minister N. Chandrababu Naidu said that the construction of more than 2,44,164 houses, out of the proposed 3,03,044, has been commenced, with an estimated expense… Read more »
JLL reshuffles management team in India
NEW DELHI (INDIA): Leading international property consultants JLL India has announced today strategic new appointments to further strengthen its facilities management (FM) business. Nellie Samuel has joined as Regional Business… Read more »
New policy to promote private investments in affordable housing
NEW DELHI (INDIA): Government of India today announced a new Public Private Partnership (PPPs) Policy for Affordable Housing that allows extending central assistance of up to Rs.2.50 lakh per each… Read more »