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Hotel Leela to foray into real estate development

In an exclusive interview with CNBC-TV18, Vivek Nair vice-chairman of Hotel Leela confirms that the company is all set to foray into real estate development in order to cut its debt. The conversion of land banks into up market residential homes in Bangalore, Hyderabad and Pune is believed to raise Rs 950 crore for the company.

first published: Mar 15, 2011 11:59 am

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