Prestige Estates and Arihant Foundations have entered a joint venture to develop residential, commercial, retail, and hospitality projects in Chennai, marking a strategic expansion for both real estate firms

Tribeca Developers has appointed seasoned real estate executive Dharam Mehta to spearhead its new Estates vertical focused on plotted development and hospitality.

Valor Estate, real estate restructuring, hospitality demerger, real estate investments, luxury residential projects, commercial real estate, hospitality expansion, real estate developer, Mumbai property market, capital allocation

Prestige Estates Projects, a prominent real estate developer, disclosed its intention to allocate the ₹5,000 crore it raised through a Qualified Institutional Placement (QIP) earlier this month.

Indian real estate developers have focused more on hotels due to the rising travel industry. Post-pandemic domestic travel is increasing demand for premium hotel infrastructure, especially in tier-2 and tier-3 cities.

Consider investing in Mumbai commercial real estate including workplaces, retail stores, and more for long-term passive income.

Bangalore-based Prestige Estate Projects plans to treble its hotel portfolio with a ₹1700 crore investment in the next 3-4 years. Managing 1,849 keys across India, the business aims to create ₹1,800 crore in income, tripling current sales of ₹900 crore.

Sun Estates Developers expands into Goa's hotel market, investing ₹1000 crore in several projects. This strategy builds on their previous successes, like buying the Astor Hotel.

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Bangalore-based RMZ Corporation announced its decision to become an alternative asset owner. By 2029, the company aims to quadruple its rent-yielding real estate activities to USD 42 billion.

Beginning on October 29, 2023, Oman Air commenced direct service between MOPA Airport in Goa and Muscat, Oman. Significant developments are anticipated in the vicinity, particularly in the real estate sector, as MOPA, the most recent airport in Goa, comes into operation.

Embassy Office Parks REIT, India's first publicly traded real estate investment trust, and global hospitality business Hilton have established the Hilton Bengaluru Embassy Manyata Business Park and the Hilton Convention Centre in Bengaluru.