Top-end hotels in India mostly use imported food items like meat, cheese, condiments, wines and liquor to pique the taste buds of their patrons.
Hotels will be allowed to use the 20% of the total built-up space, where they are permitted to set up a commercial and retail wing, to develop apartments.
The home ministry has said that the Tatas should not be allowed the right of first refusal in the upcoming auction of Taj Mansingh hotel.
New home sales may be few and far between, but resale of properties is up 40% across the country in the last six to eight months.
Spice Group will apply for a banking licence in India and is in talks with an unnamed bank in Singapore to offer a stake in the venture
Hotel occupancies had reached a high of 71.5% in 2005-06 growing from 64.8% in 2003-04. Average room rates peaked at Rs 7,989 in 2007-08. It was Rs 3,569 in 2003-04.
Hills in north have been battered by rains and flash floods but even destinations that haven't been impacted have started to lose business.
Demand for rented homes has halved and rents are down by 25% in several popular residential localities around the country.
The fivestar Fairmont hotel will have 175 rooms and 100 Fairmont residences. This is Fairmont’s second hotel in the country after the one in Jaipur.
"One doesn't even know the fate of the league any more.It has reached a critical stage where we have scraped the bottom of the corruption scandal."
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