Delhi socialite/ entrepreneur Bina Ramanis arrest in a forgery case from her restaurant cum-pub in Candolim, 20 kms from Panaji in Goa, points to several things.
No, we are not talking about her arrest. Whats interesting is that Goa — the land of Hawaiian shirts, topless beaches and dirt-cheap alcohol, is the new hub of Delhi biggies who are buying permanent homes there.
Realty destination: Says Ashwin Chandiok, a real estate developer, Prices in Goa have tripled over the last year and likely to double over the next.
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Hoteliers line up to check into A’bad
Call it the megacity effect if you will, but after cold shouldering Ahmedabad in the past, hoteliers are queuing up to check into the city with star-category projects.
Smelling big bucks, biggies like Radisson, Oberoi, Intercontinental, Taj and Apeejay are understood to be scouting around for options, even as local hoteliers from Ahmedabad, Surat, Rajkot and Vadodara are also making a beeline for the city.
What prompted a scramble for hotels in a city which was being passed over by biggies after the earthquake and riots? "With average occupancy of over 85 per cent
The Grand Group of Hotels, part of the Lalit Suri-owned Bharat Hotels, will invest Rs 1,000 crore to add 8 properties to its portfolio and refurbish many of the existing 7 hotels in the next three-five years.
The company has already identified properties in Kerala, Ahmedabad, Amritsar, Hyderabad, Jaipur and Chennai and is eyeing virgin territories including Surat and Noida to expand its chain of hotels to 15 within the next few years.
The company has already completed refurbishment of its existing properties in Bangalore and Udaipur. Renovation is already on at its Khajoraho property, while work is about to
