Tag Archives: Fraser Suites New Delhi

Frasers opens serviced suites in Delhi

Posted on 20 Aug 2009 | Comments Off on Frasers opens serviced suites in Delhi

FRASERS Hospitality has announced its first serviced apartments in India’s capital, as it moves to entrench itself further in a market that it sees as having potential topped only by China.

The nine-storey, 90-unit Frasers Suites is close to central New Delhi as well as Noida, an industrial-residential town across the Uttar Pradesh state border. It is scheduled to open in October next year, in time for the Commonwealth Games in New Delhi.

Frasers’ involvement in the New Delhi property follows its debut in the Indian market last November with the announcement of three properties in Bangalore. With the latest announcement, the total number of Fraser-managed residences to be available in India within three years will be 585. Fraser Suites New Delhi is being developed by India’s IFCI Infrastructure Development.

The deal with IFCI underscores the Singapore company’s bullish approach to the Indian market, where the government expects the economy Continue reading →

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Posted in Overseas Property, Property Market / Real Estate, Service Apartments

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Frasers to manage first New Delhi property in Oct 2010

Posted on 19 Aug 2009 | Comments Off on Frasers to manage first New Delhi property in Oct 2010

FRASERS Hospitality will manage its first Fraser Suites property in India’s capital, New Delhi.

The hospitality arm of Frasers Centrepoint, which is a wholly owned subsidiary of Fraser and Neave, signed a contract yesterday to manage the nine-storey, 90-unit Fraser Suites New Delhi. Scheduled to open in October next year, it is strategically located close to central New Delhi.

The signing brings the total number of Frasers- managed units to 585 in separate developments scheduled to open in India over the next three years. It underscores Frasers’ objective of achieving more than 700 units under management contract by 2011, making India Frasers’ second largest market globally. Only China is expected to be bigger.

‘Despite the impact of the global financial crisis on the real estate sector, there is still a critical shortage of high-end serviced residences accommodation,’ said Choe Peng Sum, chief executive officer of Frasers Hospitality. ‘In New Delhi, there is a current inventory of just over Continue reading →

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Posted in Service Apartments

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