Goa Latest Real Estate News

Leela hotels in Goa, Chennai up for sale

At least five top international private equity firms, family offices and endowment funds are in the race to buy hospitality group Hotel Leelaventure Ltd’s five-star hotels in Goa and Chennai. Two persons, including one who is directly familiar with the negotiations, confirmed this, adding that the sale of the two properties is likely to be completed before Christmas. Marquee private equity investors such as the Blackstone Group and Brookfield Asset Management, along with a few family offices and international endowment funds from the US, Europe, West Asia and Singapore have evinced interest in buying the two Leela hotels, currently under the control of financial services conglomerate JM Financial Group’s asset reconstruction firm JM Financial Asset Reconstruction Co. Pvt. Ltd, according to the two persons. “The Chennai and Goa five-star hotels are two of the finest properties of The…
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Tata Housing Plans to Sell Homes in Goa Through Facebook

Tata Housing has launched a social sell initiative as per which the company will be selling homes through Facebook in Goa. A total of 250 units will be made available for sale through Facebook by the company from October 26-28, and will be priced between Rs 29 lakh and Rs 50 lakh. However, Tata Housing managing director and chief executive Brotin Banerjee said that the online sales of property has not picked up as of now. “At Tata Housing, we have been able to sell only 2,000 units through online platform, so far, which comprises even less than 10 per cent of the company’s total sales. “Still I do hope that the online sale will go up to 50,000 units, comprising around one-third of its total sales, by 2020,” he said. Tata Housing is also planning to develop…
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