Country Club Plans USD 100 Mn Fundraise for Leisure Properties

23 Sep 2025 CW Team

Country Club Hospitality and Holidays Ltd (CCHHL) has announced plans to raise USD 100 million to expand its portfolio of premium leisure properties in India. The funds will be raised through Global Depository Receipts (GDR) or Foreign Currency Convertible Bonds (FCCB), Chairman and Managing Director Y Rajeev Reddy said.

The capital will be used to set up new clubs and resorts across the country. CCHHL, headquartered in Hyderabad, currently owns and manages 30 properties, while another 30 are operated under franchise agreements.

The company recently became debt-free after repaying Rs 600 crore in the first quarter of FY26. Alongside leisure projects, CCHHL is also foraying into real estate, with residential and commercial projects planned in major metros including Mumbai, Delhi, Bengaluru, Hyderabad, and Chennai.

Reddy said the expansion underscores the company’s ambition to strengthen its footprint in hospitality and diversify into real estate development.

Resources

03 Jun 2026

Jyoti Structures Launches Heat Safety Drive Across Sites

Jyoti Structures (JSL) has strengthened heat safety measures across its project sites and manufacturing facilities as temperatures rise across India. The company has implemented a Summer Safety Plan covering all transmission line projects to address risks related to heat stress, dehydration and worker fatigue.The initiative includes rescheduling work away from peak afternoon temperatures, provision of drinking water, ORS and lemon-salt solutions, and installation of rest shelters near work areas. Daily toolbox talks, worker health monitoring, first-aid preparedness, emergency transport arrange..

MHADA Declares 82 Buildings Most Dangerous in Central and South Mumbai

The Maharashtra Housing and Area Development Authority (MHADA) has declared 82 buildings as most dangerous across Central and South Mumbai and has appealed to residents to vacate immediately. The list, prepared after structural assessments by the authority, identifies buildings judged to pose imminent risk to occupants and to passersby. Local civic bodies have been asked to coordinate evacuations and to make arrangements for temporary shelter and rehabilitation for displaced households. Officials said the authority prioritised buildings with visible structural distress, severe cracking, tiltin..

Damage Reported At Halwara Airport Terminal After First Rains

Severe damage was reported at the terminal of Halwara Airport during the first major rain spell of the season, prompting immediate concern among aviation and local authorities. Images from the site showed water ingress and visible deterioration of the terminal interior, affecting passenger areas and ancillary services. The airport authority suspended certain operations temporarily to assess structural safety and ensure passenger wellbeing. Preliminary inspections have prioritised electrical systems and roof seals to prevent further water ingress. State aviation officials ordered a formal inqui..