New Delhi, India, February 25, 2008 - Omaxe Ltd has announced that the Company has emerged as the highest bidder and won the bid from Naya Raipur Development Authority, Chhattisgarh for Development of theme township with 18 Hole Golf Course on over 400 acres (Approx.) at Naya Raipur, Capital City of Chhattisgarh with a project value of Rs 1200 Crores (Approx.), which shall include the development of Residential and Commercial Bldgs, Golf Villas and a Hotel.
Noida, India, August 03, 2007 - Noida is to get an entertainment park built by IRPPL (International Recreation Parks Pvt.Ltd). The park will cover 150 acres and have a capacity to take in 1.8 million visitors annually. Its design accomodates an amusement park and commercial space. Phase 1 of the project Noida Entertainment City was to open in July. Another E-park is to be set up in Rohini, also by IRPPL.
Hyderabad, India, April, 11 2007 - With reference to the earlier announcement dated February 21, 2007 regarding the proposed acquisition of 100% stake in M/s. Sri Vatsa Hotels Pvt Ltd (SVHPL), Panoramic Universal Ltd has announced that the Company on April 10, 2007 has signed a Memorandum of Understanding with the shareholders of SVHPL for the acquisition of their 100% stake in the said Company. The cost of acquisition is Rs 176.5 Million. The acquired Company shall construct a three / four star hotel with approximate 90 rooms at its premises located in the heart of Secunderabad, just 1.5 km away from the Hyderabad Airport.
Hyderabad, India, January 26, 2007 - Hyderabad based company Image Group is to set up two 40-50 room budget hotels in the City at an investment of Rs 100 crore. The hotels will come up in the Ameerpet and Madhapur areas. Land for the project has already been acquired by the company.
Gurgaon, October 26, 2006 - HB Estate Developers Ltd has announced that the Company has successfully bid in the Auction held on October 26, 2006 for Hotel Plot (Area admeasuring 8750 Square Meters) held by HUDA (Haryana Urban Development Authority) for a sum of Rs 138 crores. The Plot is located at Sector 44, Gurgaon (Haryana).
The Jaypee Group is developing a 350-room hotel in Greater Noida. The project on 450 acres of land will be promoted as a mixed-use project including hotel, cottages, golf course and resort. The hotel is scheduled to open before the 2010 Commonwealth Games. Jaypee is also mulling plans to enter the three-star hotel segment with the launch of a few hotels in this tier before 2010.
