The steep rise in real estate prices and interest rates for borrowers has affected the demand for housing projects in NCR. The first half of this year saw a marked shift in developers' strategy towards mid-income houses, as the high-end

PBEL Property Development (PPD) has tied up with engineering and construction company L&T for its project, PBEL City, on the outskirts of Hyderabad. Under the agreement, L&T will build about 2,000 apartments for PBEL on a turnkey basis at an

Real estate developer, Wellwisher Group, has entered the hospitality industry and is constructing a four star business hotel at Palm Beach Road in Navi Mumbai. It will invest about Rs 40 Crore in the project which is expected to be

Taj Hotels, Resorts and Palaces, part of Indian Hotels Company Limited (IHCL), plans to launch two five star hotels in Bahrain. The company has formed a JV with a real estate developer to work on the two properties. The contract

The Madhya Pradesh government will be tying up with Gwalior Agriculture Company Ltd (GACL), a subsidiary of Gwalior Sugar Company Ltd (GSCL), which has proposed a special project comprising a special economic zone. The company may also join hands with