The company had in October 2010 entered into an agreement with MIG Cooperative Housing Society for the development of the land.
As per the project, 100 Smart Cities would be developed across the country. While Uttar Pradesh has been assigned 13 Smart Cities, Kerala has got just one.
"A large number of our youth especially those in the 15-20 age group are digitally savvy. These are the people who never go to a railway station or a bus terminal or a cinema all to book a ticket but through their smartphones...Thus, smart cities will need an ideal environment to meet the expectation of the internet savvy youth," Ramadorai said.
The chain, which currently has 74 operational hotels in India and another 43 hotels in the pipeline under various brands, had introduced its upscale brand 'Radisson Red' in April this year.
Each selected city under the scheme would get central assistance of Rs 100 crore per year for five years.
The prices of the residential units start at Rs.34.91 lakh for 1BHK apartment.
Starwood is bringing in the brand through partnership with Pallazzio Hotels & Leisure.
The 18-km long Dwarka Expressway is an eight-lane expressway linking Dwarka-Gurgaon.
Sentiment remains muted for the residential realty market, leading to a continuous fall in new launches across major markets, as the election euphoria seems to have started ebbing, according to a recent survey.
India's largest realty firm DLF is likely to raise about Rs 3,600 crore this quarter through the issue of securities, backed by its IT-SEZ, as part of strategy to replace costlier debt.
Blanket Hospitality Ventures is planning to have 100 properties under its backpacking hostels brand, Vedanta Wake Up, in the next three years across India.
Realty firm Supertech Friday said it will invest Rs 2,400 crore over the next five years to develop a township project on 140 acres land that the company has bought from Parsvnath Developers at Gurgaon in Haryana.
The company, which currently has 2,000 acres of land bank primarily in Gurgaon, would develop over 900 units in this 13-acre project.
The proposed project will offer about 79,000 square metres (0.85 million sq ft) of saleable area.
Tata Group-controlled Vivanta by Taj is planning to add 10 more hotels in its network to take its count to 40 in the next five years.
Amruda Nair, the grand daughter of founder of Leela Group of Hotels Captain C P Krishnan Nair, and Qatar-based Al Sawari Holding and Al Faisal Holdings have come together to form a joint venture company in the hospitality segment.
Through 'Housing', home buyers will have access to Janapriya's projects at special prices ranging from Rs 16.95 lakh to Rs 56 lakh.
Realty firm Godrej Properties today said it will develop a new township project at Pune in partnership with two other companies.
The much awaited Smart Cities project is likely to be rolled out next month as the extensive consultation process with all stakeholders has concluded.
Realty firm Unitech Monday said that the delivery of the flats in its housing project 'Residences' at Gurgaon got delayed and the company would pay the penalty to the buyers as per the agreement.