21 September 2019

Table of Contents for Ticker Tapes

Ticker Tape

Panchshil’s Premium bath

Luxury real estate developer Panchshil Realty has introduced bath pods technology at its Pune project, a first in India. The bath pods were installed at Panchshil Towers, a residential project at Kharadi. A bathroom pod is a three-dimensional self-supporting element of structure that is prefabricated offsite, with a floor base frame, walls and ceiling. It is delivered to the site, complete with all architectural fittings and fixtures. With the bath pods, the realtor is looking at transforming the scale construction of bathrooms and washrooms for medium and large-scale premium projects. This technique will significantly reduce construction timelines for all developers. Panchshil Realty has always introduced cutting-edge construction practices and has pioneered several such innovations in its projects. The bath pods is one such innovation which involves the fabrication of best-in-class bathrooms using the latest and best in methodology, techniques and material.


Carlson plans 170 properties in India

The Carlson Rezidor Hotel Group plans to open 170 hotels in India over the next three years. The Group has been in India for almost 15 years, operating 84 hotels, with plans to open up 170 hotels in India by 2020. The Group recently opened the Radisson Blu Atria, which will introduce the brand's internationally renowned, service philosophy with sophisticated design and premier accommodation. This is its third hotel in the city with another six in Karnataka.The company has hotels in 60 cities, including 16 in state capitals. The company invests in brands, distribution systems and revenue-driving platforms, and for brick-and-mortar units, the company relies on their partners. The company also had signed a deal with Best Tech, a hospitality company which will build 49 park-ins and Radisson Hotels.


RMZ shortlists bankers for its IPO

Real estate developer RMZ Corp. is currently short listing investment banks to manage its initial public offering (IPO) for its proposed real estate investment trust (REIT) which will enable the developer to raise over Rs2,000 crore. REITs are entities that primarily invest in leased office and retail assets, allowing developers to raise funds by selling completed, rent-yielding buildings to investors. The developer had invited investment banks to pitch for the mandate to manage the offering, they said, requesting anonymity. RMZ Corp. is expected to hold a couple more rounds of discussions before finalizing their IPO bankers. The proposed REIT could see RMZ raise at least $300 million. RMZ is looking to sell a stake in around 20 million sq. ft of commercial rental property that it owns, through the proposed REIT offering. The Bengaluru-based developer is backed by sovereign wealth fund Qatar Investment Authority, which invested around $300 million in RMZ in 2013.



Real estate apex body CREDAI  and the State Bank of India, have signed a memorandum of understanding (MoU) to jointly conduct various initiatives towards development of the realty sector. The MoU will be in force for a period of 3 years. Both sides will leverage their individual strengths and collaborate in areas to promote housing for all, according to an SBI statement. SBI will be a national partner for all CREDAI activities and both will jointly work together for various marketing activities like conclaves, seminars, exhibitions, campaigns and CSR activities.


Mumbai’s gets its first 'Floatel’

Mumbaikars can now  dine in the city’s first floating hotel - 'AB Celestial' – while enjoying a relaxing evening in the backdrop of the iconic Bandra -Worli sea link. The theme hotel is docked at the Maharashtra Maritime Board's jetty at Bandra under the Bandra-Worli Sea link, according to the Maharashtra Tourism Development Corporation. The luxury floating hotel was inaugurated recently by Maharashtra Chief Minister Devendra Fadnavis. The concept was conceived by WB International Consultants in association with MTDC and Maharashtra Maritime Board. The AB Celestial is designed and imported from the US, having three-tier luxury dining floatel with a sky deck, two galleys, and a capacity to accommodate a minimum of 660 guests across four tiers. The floatel, mainly targeted at affluent and foreign tourists, also houses two multi-cuisine restaurants including a club lounge equipped with a 24-hour coffee shop. Currently, only Goa, Karnataka, Kerala, Tamil Nadu and Puducherry have floating hotels. Globally cities like New York, Dubai, Hong Kong, Saigon in Vietnam have floating restaurants.

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