The New York-based Citigroup Property Investors will invest up to $120 million in Bangalore-based Nitesh Estates' luxury hotels.
New York-based Citigroup Property Investors on Tuesday announced its partnership with Nitesh Estates, a leading real estate developer in Bangalore, to develop a $100 million 250 room luxury hotel in the city.
Global hotel firms and domestic realty firms come together to market the latest in high living in the country.
The real estate industry will witness new launches in the premium residential segment in 2011, on the back of demand revival and good prospects in the economy, albeit at a slower pace.
Reliance Industries and Nitesh Estates, a Bangalore-based real estate developer, are in the shortlist to buy Hindustan Unilever's Brookefields property in Bangalore.
Shift to new business model to help companies cut capital cost, increase margins.
A steady demand environment, prudent debt management and faster absorption of office space gave them an edge over others.
7.8 million square feet of mall space is under construction this year, the highest ever since 2011.
Currently, Kohli has 13 brands under his belt.
Plan to lay off excess staff, trim salaries of top executives.
PE funds have invested Rs 13,000 cr into the property market in Bengaluru.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances