News & Views on Indian Real Estate

Wednesday, June 18, 2008

Zoom Developers gets contract to build budget hotels

Real estate firm Zoom Developers has bagged a contract from the Indian Railways to build four budget hotels.In a press statement, Zoom said the company has won the bid for IRCTC Ratna Budget Hotels at four places. The Indian Railway Catering and Tourism Corporation, a sister organisation of Indian Railway has today opened tender for budget hotels at four sites. The places are Chennai, Pondicherry, Manglore and Coimbatore. However, IRCTC sources said PTI that nothing has been decided yet. The tender committee is yet to submit its report and decision could be taken only after submission of the report.

Fortune Park Hotels Ltd said...

Bangalore is having a very strong contender as far as its IT development is concerned in the form of its neighboring city Hyderabad. The increasing number of hotels reservation, business hotels, and airport hotels very aptly point towards this fact. Business is booming in this city and hence travelers are increasing. Today Hyderabad is as much known as an IT hub as it was famous as a tourist destination. The fact that the rates are comparatively cheaper in this place has also helped in attracting business at a fast rate to this south Indian city.

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