Changes in food consumption habit in India has spurred domestic and foreign quick service restaurant (QSR) chains to implement aggressive expansion plans in the country, says a recent study by Rabobank. "QSRs will be a double-digit growth story in India in the medium to long term, as food consumption habits in India are changing fast,"
Private equity fund Ireo will invest up to $700 million (about Rs 3,800 crore) to develop luxury residences as well as a hotel and has tied up with the global hotel chain Hyatt for managing the projects. "We have entered into management agreements with Hyatt Hotels Corporation for branded 'Grand Hyatt' residences and a 'Grand Hyatt' hotel in our large township project in Gurgaon. The project cost will be between $650-700 million,"