Realty Bill seeks its forfeiture in case of project delay.
The onus to provide proof that the new project would not jeopardise the interests of the existing joint venture lies equally with the foreign investor and the Indian partner.
Dashing the hopes of Jasdev Singh Akoi, one of the two heirs of the iconic Imperial Hotel, the Delhi high court has prevented him from taking over the management of the landmark hotel along with his sister Alape Kaur.
After a year of taking over the airport, the GMR-led Delhi International Airport consortium has initiated the process of commercial property development by inviting bids for building hotels on nearly 40 acres.
The salaries of Indian's ground staff, who have threatened to strike work over wage arrears, are on a par with their peers in Air-India (AI) and other private airlines.
According to CAPA estimates, 30 small cities, including Ahmedabad, Nagpur, Jaipur, Srinagar, Cochin and Coimbatore, will see huge growth in air travel in the near future.
Realty major DLF and Bharat Hotels, owners of The Grand group of hotels, are working towards a joint venture for developing and running hotels. While DLF will own the land and be in charge of the actual construction of hotels, the latter will operate
Despite its global market share of 60 per cent, Bombardier has made no break-even deals with Indian companies yet.
The sales and ground handling agents of Air Sahara are up in arms against the management of Jet Airways
If Vijay Mallya wants to buy the moon, I will only say, if wishes were horses...Even if Mallya wanted to acquire, Air Deccan is not up for sale. It has been built with a longer vision."
60 per cent of home buyers are shying away from pre-launches.
Some airline companies suggest that the fare difference vis-a-vis the Indian Railways is offset by shortage of seats.
Bonanza for customers in days of liberalisation.
Was the real estate euphoria just a bubble waiting to burst? The current financial year will reveal the answer.
With big developers eyeing land buyouts and projects of smaller builders, the real estate sector in the country will witness consolidation in six to eight months. A key driver would be attractive valuations of such properties.
Shivaz Rai, owner of a travel agency in Delhi, spent Rs 48,000 on low-cost carrier Air Deccan's Superflier scheme offering coupons for 12 flights to any destination.
The Mukesh Ambani-controlled Reliance Industries is entering the supply-deficient hospitality business and is in talks with big international names such as Walt Disney, Ritz Carlton and Four Seasons
In a double whammy for real estate developers, banks are likely to raise lending rates to builders by up to one percentage point while consumer interest fades with home loans becoming more expensive.
Leading bankers expect the number of transactions to fall 30 to 35 per cent as buyers wait for a price correction in real estate.
The developers have already started feeling the pinch.
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