Property World and UBM bring to you Property Awards 2011, recognizing excellence in various facets of commercial real estate. This follows the overwhelming response and success of Property Awards 2010.

The Oberoi Group is headed towards a strategic partnership with Mukesh Ambani-led Reliance Group for developing hotels and real estate property complexes in Bangalore and Goa.

Five-star hotel chain Hotel Leelaventure is set to sell its property in Kovalam in Kerala for Rs 500 crore to cut its debt. The property, Leela Resorts Kovalam, is being sold to non-resident Indian industrialist Ravi Pillai. Leela will subsequently enter into a management contract with Pillai to manage the property for 30 years.

Delta Corp Ltd. has acquired a 51 per cent stake in Daman Hospitality Pvt Ltd (DHPL), the Indian affiliate of Thunderbird Resorts. The deal will see the opening of what is expected to be India’s largest hotel‐cum‐casino property in Daman.

The plans of the world's third largest retailer, the £60-billion Tesco Plc, to set up its first cash-and-carry format store in India have hit a roadblock with the Karnataka Government refusing to issue the company licence for sale in the State of food products, including vegetables