(PDL), India’s leading real estate company, has informed that it would build a five-star hotel comprising
152 rooms in Ahmedabad.

Parsvnath Hotels, a subsidiary of Parsvnath Developers, has undertaken construction of hotel at Vejalpur, Ahmedabad, which has received five-star category approval from the Ministry of Tourism. The project is located just 14 kms away from the airport and mere 9 kms away from the railway station.

Ansal Housing & Construction, a leading real estate developer has launched its new residential project ‘Ansal town’ in Alwar, Rajasthan.

Real estate major Brigade Enterprises, has informed that the company has opened its first worldwide office in Dubai.

The source close to the company revealed that the office is located at Atrium Centre, Bank Street, Bur Dubai.

While commenting on the occasion, Mr. M R Jaishankar, CMD, Brigade Enterprises stated, “Indian real estate sector has seen phenomenal growth and there are Indians abroad who are looking at buying property in India for themselves and also as an investment option. As a first step to reach out to these customers, we have opened our office in Dubai.”

Parsvnath Developers, India’s leading real estate firm has revealed that the company has secured a contract worth Rs 29.5 crore from Delhi Metro Rail Corporation (DMRC).

Under the proposed contract, the company will execute construction of station box in the upcoming Dhaula Kuan metro station that connects Connaught place to International Airport.

Red Fort Capital, a leading international real estate private equity fund, intends to invest Rs 3,200 crore by next year to cash in on the liquidity crunch in the real estate sector. 

The real estate focused PE fund has planned to pump in Rs 3,200 crore in the next one year to pick up an average 50% stake each in 10-12 projects located in various cities. 

The company presently is in talks with nearly 10 developers in various cities across country, which includes National Capital Region (NCR), Mumbai, Bangalore, Kolkata, Chennai, Pune and Hyderabad.