INRnews - Indian Real Estate & Property News

New Delhi, India, September 20, 2007 - As many as 11 tier II cities in the country are all set to transform the realty landscape of India, says a FICCI-Ernst & Young report on the Indian real estate sector. The FICCI-Ernst and Young Indian Real Estate Report, 2007: Growth and New Destinations, the highlights of which were released, reveals that besides eight metros, cities such as Surat, Chandigarh, Nagpur, Vadodara, Visakhapatnam and Jaipur are experiencing initial phase of rapid economic growth.

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Ahmedabad, India, April 16, 2007 - Ahmedabad based Bhagwati Banquets and Hotels Limited plans to develop a 100-room five-star hotel in Surat near the City Pulse multiplex.

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Ahmedabad, India, February 20, 2007 - Indian real estate developer Parsvnath Developers Ltd has announced that the Company has signed a MoU with the Government of Gujarat for developing various projects at an investment of Rs 1600 crores over a period of 2-3 years. The Company will develop townships, group housing, commercial complexes, IT Parks amongst others at Ahmedabad, Bhavnagar, Rajkot, Vadodara, Surat, Jamnagar and other districts of Gujarat.

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Surat, India, January 30, 2007 - Surat based polyester yarn manufacturer Sumeet Industries is venturing into real estate development with an eye on expansion.

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