The company is in advance stage of discussion with a private equity firm to raise fund and the deal is expected to be concluded next month.
Brys Group will develop a residential tower in Noida offering flats for up to Rs 9 crore a unit.
The fund plans to raise the entire corpus within 9 months from the first close.
Currently, the hotel chain has 475 rooms spread across eight properties.
The Housing and Urban Development Corporation (HUDCO) is considering a proposal to provide funding of upto Rs 700 crore for the construction of the Kochi Metro project, senior officials said here.
Premium residential property developer Lodha plans to expand its presence in the sector by adding more malls to its profile.
HHI Group plans to invest Rs 350 crore by 2015 on adding 500 rooms.
The company has launched a residential project 'Springview Heights' that will offer 660 apartments.
Hospitality firm Carnation Hotels on Thursday said it has signed a contract with Bajaj Hill Resorts Pvt Ltd for managing Suryavilas Luxury Resort & Spa in Himachal Pradesh.
The hotel will help increase the tourist traffic from India and the luxury market from that country.
The Oberoi and Lemon Tree groups have expressed their desire to set up hotels in Bhopal.
Under the scheme around 1000 people will get houses under the project.
Global hospitality major InterContinental Hotels Group (IHG) on Wednesday said it plans to open 150 hotels across India by 2020 as part of its expansion strategy here.
In July, the company had acquired 12.34 acre of land on Dwarka Expressway for about Rs 100 crore.
ITC Group, as part of expanding its hotel business, has lined up investments of Rs 25,000 crore over the next five years, a top company official said.
Russia-based realty firm CMI Development on Wednesday offered to invest in infrastructure and real-estate in Punjab.
Meghalaya govt is replacing CGI housing scheme with a low cost Rs 1 lakh home for its poor.
Godrej Properties Ltd on Tuesday said it would invest up to Rs 600 crore in developing a residential complex in Gurgaon over the next five years.
Rajya Sabha MPs will get to stay in new 4-bedroom flats, each costing Rs 2 crore, under a housing project whose foundation stone was on Tuesday laid by Vice-President Mohammad Hamid Ansari.
The expandable villa project are designed to enable owners add additional room at their convenience.
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