According to the world travel and tourism council, the growth in the hospitality industry is pegged at 15% every year, and with 2,00,000 rooms (both luxury and budget) needed in the country, the segment is poised for a massive growth. (more…)

The commercial property market may witness a revival post-Diwali, says Religare Securities. (more…)

Gurgaon has emerged as one of the most modern cities of India, with state-ofthe-art commercial buildings, posh residential condominiums and large malls. It has emerged as the first choice for a large number of multinational companies opening their offices in the country. (more…)

The Global Organization of People of Indian Origin (GOPIO) will pressure the Indian government to amend Indian property laws to protect the interests of NRIs at its annual conference in the US this week reports the Times of India. (more…)

Mumbai real estate agents claim this is the best time to invest in residential apartments as prices have touched the bottom of the curve. “Realty prices will only rise again and the best time to invest is between September and December,” Hiranandani Group of Companies managing director Niranjan Hiranandani said on Monday while addressing a real estate meet. (more…)

Indian Inflation has fallen to the lowest in three decades. (more…)

Housing Development Finance Corp (HDFC) has cut Indian interest rates by 50 basis points (100 basis points = 1%) for the Rs 30 lakh-Rs 50 lakh slab. (more…)

Knight Frank has released a research paper on ‘Affordable Housing’ in India, saying that this segment has a potential market size of Rs300,000 crores in India by 2011. (more…)

Shopping malls, multiplexes and top retailers in Pune are seeing as much as a 70 per cent drop in business owing to the swine flu outbreak in the city. (more…)