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Indian Real Estate News

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Marriot-Uppal Hospitality to launch hotel in Gurgaon

Marriott International along with Uppal Hospitality plans to launch a 206 room JW Marriott hotel in Gurgaon. The hotel, which is located on the Delhi-Jaipur highway, is expected to open in mid 2009.The hotel will offer a spa and fitness centre with gym, an outdoor swimming pool, pool bar, gift and retail shops, business centre, executive lounge and 1, 220 sq m of meeting space. A 400 sq m ballroom will be available for meetings, as well. F&B options comprise a casual restaurant, two specialty restaurants and a café-deli. Other amenities include a bar and a lobby lounge.

Marriott has 24 properties in various stages of development. Five properties will come up under the JW Marriott Hotels luxury brand; one hotel under the Ritz Carlton umbrella; 11 Courtyard by Marriott projects will launch in the upper-moderate segment; three Renaissance hotels and two Marriott hotels are scheduled for the upmarket, deluxe section and two luxury Marriott Executive Apartment properties will cater to long stay travelers.

Upcoming SEZ at Nellore

The Nellore district of Andhra Pradesh is experiencing the development of a multi product SEZ (Special Economic Zone) about 55 km from Chennai. The sprawling 5000 acres private city on the National Highway-5, a part of the golden quadrilateral connecting the four major metros with well-demarcated industrial zones and an adjacent domestic tariff area in the bordering district of Andhra Pradesh, is set to have the strategic advantage of sharing a proximate corridor with Sriperumbadur autocomponent cluster - outer of Chennai and manufacturing cluster units near Gummidipoondi and other manufacturing industries - located north of Chennai. The city is also close to 3 sea ports and 2 airports with 2 sea ports having closer access to the Ennore (40 km) and Chennai ports (65 km) and with one international airport (75 km) also in Chennai - all opening a floodgate of opportunities for jobs and businesses between Sri City and Chennai. The new SEZ is envisaged to generate employment for 1.75 lakh people with an overall investment of Rs 17,500 crore, said Chief Minister of Andhra Pradesh, Y S Rajasekhara Reddy in his keynote address.

 Massive project being developed in Chembur, Mumbai