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.
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
After rating different factors, the World Economic Forum's new Travel & Tourism Competitiveness Report 2007 has ranked India as low as 65 among a total of 124 countries.
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.
The urban design of Naya Raipur promises to incorporate the best of international cities as well as traditional Chhattisgarh culture.
In talks with Starwood and Peninsula Hotels.
After experimenting with specialised malls, realtors are hard-selling the luxury mall concept.
Attempting an image makeover from being calorie-rich to health-conscious, PepsiCo India is working towards launching a nutritious beverage within three years.
Genesis Colours, popular for its high-end fashion label Satya Paul, is in advanced negotiations with Moet Hennessy-Louis Vuitton for bringing luxury apparel and perfume brand Kenzo to India.
A likely oversupply situation in the next couple of years is causing a downslide.
Refrigerators or ACs could be dearer soon as the consumer durable companies start conforming to energy efficiency standards.
DLF Ltd is forging a 50:50 joint venture with Nakheel, a large property developer of the UAE, for two integrated townships in India at a whopping investment of $10 billion.
A possible exit of Team India from the first round of the ICC World Cup has the tourism industry worried. Many fans and corporates
Spurred on by the Multi-modal International Hub Airport at Nagpur, Nagpur is turning hungry for commercial and residential spaces.
The company reportedly in talks with a dozen firms overseas for an acquisition.
The Foreign Investment Promotion Board has forwarded complaints against duty-free operator Alpha Airports group to the home ministry and the Directorate General of Export Promotion.
Much to the delight of foreign tourism boards, more Indians are travelling abroad than before.
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