Mumbai: Mumbai based DB Realty has decided not to focus on hospitality ventures including several hotel projects. The fully developed and running properties in this category will be retained by the company while those that are in planning phase will be abandoned and majorly sold. The CEO of the company had said that the hospitality industry was never their prime interest and thus there will be no more adding to the hospitality asset portfolio of the company. The projects that have been planned but the construction hasn’t started will be transformed into residential developments otherwise it will be shelved.The CEO also added that the development going on in Pune will be made a residential project. Also 49% of the land parcel out of 7.7 acres that has been taken for hospitality development in Delhi will be sold to Delhi International Airport’s new hospitality centre. Earlier the plan was to construct four hotels and a convention centre but then it’s changed to the development of 1.3 mn sq ft featuring hotel, convention centre, and service apartments along with big retail space.The realty company also has plans to sell its operational hotel projects in Mumbai and Goa. On the other side the realtors have got the approvals for multiple residential projects and expect to launch them in next 6-8 months. In Mumbai, DB Realty will strike the market with its grand development of 5-6 million sq ft by which they will earn much more than they will by selling the hospitality projects for clearing off the debt.займ на карту без отказов круглосуточновзять кредит онлайн