Bidya Sapam
Stories by Bidya Sapam
GMR seeks strategic partners to monetise Hyderabad land to cut debt
GMR is also in the final stages to conclude a deal with Singapore-based ESR for a 120 acre logistics park.
OYO to buy out Leisure Group from Axel Springer for $415m
The acquisition is a significant move for the five-year old hospitality start-up as it would help expand its presence in Europe.
India: Housr earmarks $50m for expansion in shared-living space
The startup has already leased two residential towers in Gurugram to launch its first shared-living property in the next two weeks.
India: Hospitality firms eye unbranded hotel space to expand footprint
The success of Oyo and Treebo have opened up a vast opportunity to consolidate hotel assets from the unorganized sector into the branded fold.
SoftBank-backed Oyo pares losses even as it pushes South Asia expansion
The company plans to relaunch and reposition most of its existing hotel brands as it continues to expand its business across South Asia.
India’s Allahabad Bank to divest 11 office spaces, Mumbai land
The bank expects to raise around ₹250-300 crore from the sale of non-core properties.
India: HDFC Capital, Tribeca form $72m mid-income housing platform
The platform plans to build around five projects totalling around 3000 units in Mumbai surburbs, Gurugram and Noida in the next four too five years.
Brookfield eyes opportunities in India’s warehousing, rental housing segments
The company, which is set to enter the hospitality segment, is exploring more options in the real estate sector to expand its portfolio beyond commerc
India’s Chalet Hotel eyes distressed assets, more hotel brands to expand portfolio
The company is currently in talks with multiple hotel owners to buy out existing hotel properties in Pune, National Capital Region and Chennai.
Thomas Cook India buys 51% stake in Dubai-based Digiphoto
The acquisition pegs Digiphoto Entertainment Imaging's enterprise valuation at ₹289 crore.
