GL Hotels, which owns the Mayfair banquet in Mumbai, plans to invest at least Rs 600 crore to open six niche lifestyle boutique hotel properties and 10 additional banquets by 2010.The hotel founded by Ghai Enterprise aims to build 100-room

Special economic zones (SEZs) could be in for some tax trouble from the states. States have questioned the stamp duty exemption given by the Centre under the SEZ Act.Some state governments have objected to the Centre's power to provide such

The Chandigarh Industrial and Tourism Development Corporation (CITCO) plans to set up a five-star hotel on a prime three-acre plot on the Chandigarh-Ambala road in the Industrial Area, Chandigarh. The corporation is also in talks with major hotel chains, including

Having filled the breach left by an acute shortage of hotel rooms in India, the serviced apartments segment is coming into its own with the entry of corporates aiming for consistent quality standards as they try and tap into a

Delhi based realty firm BPTP has made a partial payment of Rs 955 crore towards the first instalment of Rs 1,237 crore for the Noida land deal, the largest in the country. The company said it was in the process