More than a third of hotel rooms remain unoccupied, with the industry reporting an occupancy level of 60% this year.
Bank of India's bid was the highest from among a clutch of public sector banks and high networth individuals.
DLF has begun talks with a clutch of private equity funds and international hotel operators, which includes Blackstone and Carlyle.
Demand for space in some malls is so high that they are rightsizing stores of existing brands or relocating them within the shopping premises.
Faced with sluggish growth, some large real estate companies have started selling parts of their licensed land in township projects.
Several big and small celebrities and sports stars have already started raking in the moolah through social media deals with brands.
Unitech, a person who did not wish to be named said, will use the money to reduce its debt that stood at Rs 5,642 crore as on March 31, 2013.
The richer middle class too is feeling the impact of the slowdown and isn't buying homes like before, badly impacting sales of luxury homes.
Murray's win is a shot in the arm for Globosport, which is mandated to develop the tennis star's off-court interest globally, with a specific focus on Asia.
"India is definitely cheaper this season. Uptake of bookings for winter is better by at least 10-12%," says Arjun Sharma, managing director of TUI India.
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