Bidya Sapam

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 commercial office space.

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.

India: CoWrks eyes acquisition of property tech firms to boost expansion

CoWrks has set an ambitious target to have around 75-80 centres by this year-end, a three-fold increase from its existing number.

Morgan Stanley arm buys majority stake in Pune’s KSH Infra for $49m

KSH Infra, which operates two warehousing and industrial logistics parks, had been looking to raise funds to expand its warehousing business.

Godrej Properties inks six-project deal with Pune builder

The transaction comes at a time when the property market is undergoing a phase of consolidation where several local builders are forging alliances with corporate developers.