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April 01, 2008

Emaar MGF ties-up with Marriott International | INRnews

New Delhi, India, April 01, 2008 - Emaar MGF, one of India’s leading real estate developers, has partnered with Marriott International Inc., a leading international hospitality company, to design, construct and equip luxury-branded JW Marriott Hotels in New Delhi, Hyderabad, Kolkata and a ‘Courtyard by Marriott’ hotel in Amritsar, entailing total investments of over USD 400 million. The hotel projects are likely to be completed by 2010-end.

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March 31, 2008

New brand identity of Trident Hotels announced | INRnews

Mumbai, India, March 31, 2008 - The new brand identity of Trident Hotels was launched today.  ‘Trident Hilton’ hotels located in Gurgaon (Delhi National Capital Region), Agra, Jaipur, Udaipur, Cochin, Bhubaneswar and Chennai have been rebranded ‘Trident’.  ‘Hilton Towers’ in Mumbai is now ‘Trident, Nariman Point, Mumbai’.

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New brand identity of Trident Hotels announced | INRnews

Mumbai, India, March 31, 2008 - The new brand identity of Trident Hotels was launched today.  ‘Trident Hilton’ hotels located in Gurgaon (Delhi National Capital Region), Agra, Jaipur, Udaipur, Cochin, Bhubaneswar and Chennai have been rebranded ‘Trident’.  ‘Hilton Towers’ in Mumbai is now ‘Trident, Nariman Point, Mumbai’.

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New brand identity of Trident Hotels announced | INRnews

Mumbai, India, March 31, 2008 - The new brand identity of Trident Hotels was launched today.  ‘Trident Hilton’ hotels located in Gurgaon (Delhi National Capital Region), Agra, Jaipur, Udaipur, Cochin, Bhubaneswar and Chennai have been rebranded ‘Trident’.  ‘Hilton Towers’ in Mumbai is now ‘Trident, Nariman Point, Mumbai’.

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February 25, 2008

Omaxe to develop township in Naya Raipur, Chhatisgarh | INRnews

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.

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February 20, 2008

Parsvnath Developers forms JV with Royal Orchid Hotels Ltd to develop 10 hotels | INRnews

New Delhi, India, February 20, 2008 - Parsvnath Developers Ltd on February 20, 2008 announced a joint venture between its subsidiary, Parsvnath Hotels Ltd (PHL) and Royal Orchid Hotels Ltd (ROHL), one of India's fastest growing hospitality Companies, to develop and manage hotels across country.

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February 15, 2008

Vipul Ltd announces Rs 600cr investment in Punjab | INRnews

Ludhiana, India, February 15, 2008 - Vipul Limited, the flagship company of Vipul Group today announced 3 mega launches for Punjab. Vipul World, the 109 acres mega housing project on Ferozepur Road, Ludhiana will be launched in April followed by construction of three hotels at Mohali, Ludhiana and Amritsar. The projects will be developed at an approximate investment of Rs600 crores.

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February 04, 2008

Parsvnath & ITC join hands to manage hotels | INRnews

New Delhi, India, February 04, 2008 - Parsvnath Developers Ltd has announced that Parsvnath Hotels Ltd (PHL), a subsidiary of Parsvnath Developers Ltd, has signed a MoU with Fortune Park Hotels Ltd (FPHL), a wholly owned subsidiary of ITC Ltd, to manage 50 Hotels across the country in next three to five years.

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January 22, 2008

Kenilworth Beach Resort to add 16 villas in Goa property | INRnews

Panaji, India, January 22, 2008 - The Kenilworth Beach Resort and Spa, a 5-star hotel in Goa, is to add 16 luxury villas of 1,000 sq.ft to its property by Oct '08 at a cost of Rs 5.5 crore.

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January 21, 2008

Westin opens the Westin Sohna Resort near Delhi | INRnews

New Delhi, India, January 21, 2008 - Starwood Hotels & Resorts Worldwide, Inc. (NYSE:HOT) has announced the opening of its first Westin property in India, The Westin Sohna Resort. Close to both Delhi and Gurgaon, the new resort offers a restful, rejuvenating guest experience enhanced by superior recreational facilities, naturally-lit meeting space, an array of world-class cuisine and the full range of Westin's renowned signature amenities.

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HDIL Plans 70 Acres Cybercity at Kalamaserry, Kochi | INRnews

Kochi, India, January 21, 2008 - Housing Development and Infrastructure Limited (HDIL), through its subsidiary, Blue Star Realtors Pvt. Ltd., announced its plans to inaugurate HDIL CYBERCITY at Kalamaserry in Kochi. HDIL CYBERCITY which will be spread across an area of 70 Acres of land, will be Kerala’s FIRST INTEGRATED IT Township, having, besides IT/ITES, Residential apartments, Villas, Schools, Shopping Malls, Multiplex, club house, service apartments and a Star Hotel.

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India pegged to be more lucrative and faster growing amusement industry than China | INRnews

Hyderabad, India, January 21, 2008 - The Amusement & Leisure Industry in India is on the verge of an explosive growth. According to Indian Association of Amusement Parks and Industries(IAAPI), an industrial trade body. The Indian Amusement Park Industry is around Rs 4,000 crore and is estimated to grow by 6 per cent per annum till the year 2010.

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January 14, 2008

Kolte-Patil Developers launches serviced apartments in Hinjewadi, Pune | INRnews

Pune, India, January 14, 2008 - Kolte-Patil Developers Limited, one of the leading real estate developers in India, have launched ‘Green Olive’ project, a four star serviced apartments project, at Rajiv Gandhi IT park, Hinjewadi, Pune with a total investment of 74 cr.

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January 10, 2008

New Luxury Business Hotel VITS Launched in Belgaum | INRnews

New Delhi, India, January 10, 2008 - (press release) A 60-room VITS property, part of a new chain of luxury business hotels from Kamat Hotels (KAMT.BO, news) India Limited (KHIL), opened today in Belgaum. Located at Club Road, the new hotel offers contemporary luxury business accommodation for discerning business class travellers from across India.

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December 20, 2007

Starwood to launch new aloft hotels in Chennai and Bangalore | INRnews

Chennai, India, December 20, 2007 - Starwood Hotels & Resorts Worldwide, Inc. today announces that its much-anticipated new lifestyle brand, aloft(SM) hotels, will partner with Urbanedge Hotels Private Limited, a joint venture between Citigroup Property Investors and Auromatrix Hotels Private Limited, to develop aloft hotels across India. The brand's first two hotels to open in India will be aloft Bangalore, Whitefield and aloft Chennai, OMR - Sholinganallur.

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December 18, 2007

Pride Hotel gears up for expansion of Rs. 340 Crores | INRnews

Mumbai, India, December 18, 2007 - Pride Hotels announced today, that it has received a significant investment from Kotak India Real Estate Fund towards part financing of its Rs. 340 crore expansion-cum-renovation plan.

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December 13, 2007

Red Fort Capital to float domestic realty fund | INRnews

New Delhi, India, December 13, 2007 - New Delhi-based realty funding company Red Fort Capital Advisors Pvt Ltd will float a Rs.8-billion fund to finance real estate development projects in India.

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December 12, 2007

Red Fort Capital to invest $100 million in Chennai real estate projects | INRnews

Chennai, India, December 12, 2007 - Red Fort Capital, one of India's leading international private equity real estate firms, will be investing $100 million in Chennai over a period of six months. The investment will be across low to high end residential and hospitality projects. Red Fort Capital has kicked off its activities in Chennai by acquiring residential land in close proximity to Ambattur, an emerging IT hub.

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December 05, 2007

Ishaan Real Estate PLC half year report | INRnews

Mumbai, India, December 05, 2007 - Ishaan Real Estate plc has released an interim report for the six months ended 30 September 2007. The key highlight is completion of 100% of investment in the initial portfolio with £133.2 million invested in eight projects across Mumbai, Hyderabad, Pune and Bangalore.

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December 03, 2007

The Taj Group launches Gateway Hotel in Vijayawada | INRnews

Vijayawada, India, December 03, 2007 - Taj Hotels Resorts and Palaces, today unveiled a new Gateway Hotel at Vijayawada. Conveniently located on MG Road, the Hotel is easily accessible from the railway station and the airport. Extremely stylish and modern, The Gateway Hotel, MG Road, Vijayawada is clearly the best option in the city for the business traveler. The hotel offers the largest room size in the city and combines the full suite of contemporary facilities to make every customers stay a refreshingly enjoyable experience.

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November 30, 2007

Orbett Hotels opens its doors to Pune | INRnews

Pune, India, November 30, 2007 - (press release) The Jagdish Group today officially announced the launch of their second property in Pune called as Orbett Hotels. The four star property will be officially launched on the 29th November at the hands of the “Chak De” team. The pioneering heads of this project are Directors Jagdish Agarwal, Vijay Agarwal, Shyam Agarwal & Akhil Agarwal.

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November 29, 2007

Three new Westin hotel properties for Hyderabad, Pune and Kolkata | INRnews

Singapore, November 29, 2007 - Starwood Hotels & Resorts Worldwide, Inc (NYSE: HOT) continues its aggressive expansion in Asia Pacific, announcing agreements to manage three new Westin hotels in three of the fastest growing markets in India. In Hyderabad, the biotechnology hub of India, Westin will open The Westin Hyderabad, Mindspace. The second new addition - The Westin Pune, Koregaon Park - will be in Pune, an emerging destination for banking and financial services. The third hotel - The Westin Kolkata, Rajarhat - will be in Kolkata, the commercial and trading hub of India. The Westin hotels in Hyderabad and Pune are scheduled to open in 2009, while The Westin Kolkata, Rajarhat will open in 2010.

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November 27, 2007

Adrian Zecha & DLF partner to acquire AMAN Resorts | INRnews

New Delhi, India, November 27, 2007 - DLF Ltd has announced that Adrian Zecha, Founder and Chairman of Aman Resorts announced that he has formed an equal partnership with the Company, which has entered into definitive agreements to acquire a controlling interest in the Aman Resorts group. The entire transaction, when completed, is estimated to be valued at US$ 400 million with an assumed debt of approximately $ 150 million.

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November 15, 2007

Indian real estate major DLF to buy Amanresorts for $250 million | INRnews

New Delhi, India, November 15, 2007 - In another example of the growing interest of Indian companies in overseas acquisitions, real estate major DLF Ltd is reported to be close to an acquisiton of Singapore-based luxury chain Amanresorts for US$250 million.

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November 05, 2007

Clear Water Capital Partners takes 49% stake in BSEL Infra SPV | INRnews

Mumbai, India, November 05, 2007 - BSEL Infrastructure Realty Ltd has announced that Clear Water Capital Partners (Cyprus) Ltd has taken 49% stake in the SPV Company formed by BSEL Infrastructure Realty Ltd in equal Joint Venture with Unity Realty and Developers Ltd and Kamat hotels (India) Ltd. The same has resulted in dilution of present stake of BSEL Infrastructure Realty Ltd, Unity Realty and Developers Ltd and Kamat hotels (India) Ltd in the said SPV from 33.33% each to 17% each.

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Unity Infraprojects - Updates | INRnews

Mumbai, India, November 05, 2007 - Unity Infraprojects Ltd has announced that the Company on January 04, 2007 had informed about Contract awarded to the Joint Venture with BSEL Infrastructure Realty Ltd, for constructing operating and Maintenance of Hotel, on a Build Operate and Transfer basis.

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October 30, 2007

DLF announces financial results for Q2 FY08 | INRnews

New Delhi, India, October 30, 2007 - DLF Limited, India’s largest real estate Company, recorded consolidated revenues of Rs 3,349 crore for the quarter ended September 30, 2007, an increase of 7.3% from Rs 3,121 crore in the first quarter of the current fiscal. EBIDTA was at Rs 2,363 crore, an increase of 5% as compared to Rs 2,251 crore in Q1 FY08. Net profit stood at Rs 2,018 crore, up by 32% from Rs 1,524 crore. The non annualized EPS for the quarter was Rs 11.83.

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October 03, 2007

DLF to develop New Bangalore City township in Bidadi | INRnews

Bangalore, India, October 03, 2007 - As per the announcement made by Karnataka government spokesperson, DLF has been awarded a project to develop  'New Bangalore City' in Bidadi following a global tender issued by Bangalore Metropolitan Regional Development Authority (BMRDA).

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September 23, 2007

Mivtach Shamir to invest $13 million in Chennai real estate | INRnews

Chennai, India, September 23, 2007 - Mivtach Real Estate, a subsidiary of Israeli investment company Mivtach Shamir, is to invest around $13 million in Chennai real estate.

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September 22, 2007

ITC to set up Fortune Lodges rural hotels in India | INRnews

Mumbai, India, September 22, 2007 - Hotels major ITC sees an opportunity to provide safe, hygienic and comfortable accommodation in rural areas of the country and plans to set up 15 three-star hotels within the next three years.

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September 21, 2007