Commercial news Archive

Dubai property market : Dubai has been hailed a ‘haven for UK commercial property investors’, and has been identified as the top Middle East investment target for real estate Following a turbulent few years, Dubai’s …

Emaar Dubai-based companies Emaar and Damac are among the leading listed real estate entities in the Arab world, Forbes Middle East announced late on Wednesday night. With an asset base of $21.7 billion, as well …

India is home to the fourth largest population of millionaires in the Asia Pacific region with 2,19,000 ultra-rich individuals with a combined wealth of USD 877 billion, says a report. According to the 2017 Asia-Pacific …

New Delhi : The Indian economy slowed down in 2016-17, with the gross domestic product declining drastically from 8 per cent in 2015-16 to 7.1 per cent the next year, government said today. Finance Minister …

Housing prices rose by up to 2 per cent while rentals increased by up to 5 per cent in the country’s eight major cities during the July-September quarter, year-on-year, according to realty portal 99acres. Hyderabad’s …

Oyo rooms After sprucing up neighbourhood hotels, OYO is firming up plans to tap unused properties across the country, including residential apartments. The SoftBank-backed startup has approached homeowners and will help them create ‘mini hotel …

Lenders to Jaiprakash Associated (JAL), led by ICICI Bank, concluded the largest bad debt resolution in history with the sale of the cement business of JAL and its associate Jaypee Cement Corporation (JCCL) to UltraTech …

Jumeirah Group CEO Stefan Leser has quietly left the Dubai-based hotel company little more than a year after he joined, it has emerged. Jumeirah Group issued a statement on the news in response to a …

Lodha developers is handling one of three Trump-branded projects in the country As President Donald Trump prepares to host Indian Prime Minister Narendra Modi in Washington, his business partner in India is gearing up to …

Marasi Business Bay marina Dubai Properties (DP) has started work on the Marasi Business Bay marina, including water features that will be among the highlights of the community. The developer said it has started installing …

Jabal Omar Development Company The real estate development company, Jabal Omar Development Company ( JODC), has announced that Emaar Hospitality Group’s premium luxury hotel brand Address Hotels and Resorts has been selected to manage its …

BIAL plans to create a mini-city centered around the Kempegowda airport to let visitors indulge in leisure as well as work during transit An Airport City on the lines of the one at New Delhi, …

Leela Chennai : The Leela Group, started by the late Captain Krishnan Nair in 1987 in Mumbai, has been weighed down by debt after it expanded its chain to Delhi, Chennai, Bengaluru and Goa in …

National Buildings Construction Corp NEW DELHI: State-owned construction company National Buildings Construction Corp (NBCC) on Thursday said it has auctioned a 2.83-lakh sq ft office tower with 10 floors in an upcoming commercial project at …

In March 2017, GVK closed a deal which was signed during March 2016 with Fairfax India to sell a 33% stake in BIAL. It had retained a 10% stake and the management of BIAL. NEW …

Air India is planning to sell its properties and land parcels across the country. Civil aviation minister Ashok Gajapathi Raju met finance minister Arun Jaitley on Thursday to decide the process. Sources privy to the …

Hotel Group is looking at Siliguri, Mumbai, Patna, Amritsar, Gangtok, Jammu, Lucknow, Kolkata and Coimbatore for its new properties NEW DELHI: Hospitality chain Lemon Tree Hotel Company is planning to add up to 15 hotels …

New Delhi: Former RBI governor Raghuram Rajan on Thursday warned of “policy uncertainty” for the world economy due to there being a “bunch of new leaders” who need to prove they are strong, even as …

Despite the Nationwide Real estate slow down and Demonitisation Ds Max Still Keeps its Promise of Before time Delivery Amid the Nationwide real estate slow down Affordable Real estate homes Developer Ds Max Properties has …

New Delhi: Realty firm Supertech plans to invest about Rs 4,000 crore to develop low-cost homes as it expects demand for affordable housing to rise after getting infrastructure status in the budget. Supertech has engaged …