Nagpur Municipal Corporation's sale of an 80,000 sq ft plot on London Street for Rs 111.75 crore sets a city record, sparking its rise as the central business district. Zoned for retail, healthcare, IT, and hospitality, including a five-star hotel near Khamla, infrastructure upgrades and private projects position it to rival Indore's hubs, drawing massive investor interest.
Wyndham Hotels launches its first branded property in Nainital with 155 keys including luxury villas. The greenfield project, slated for 2027 opening, represents significant investment in premium hospitality infrastructure near Naini Lake.
Pacific Group plans ambitious 15 lakh sq ft mall and 130-room hotel development in Jaipur, targeting growing premium retail demand with 2026-2027 completion.
Real estate slowdown impacts hospitality projects in India, causing delays and cost revisions. Stocks have plummeted, affecting real estate majors with hospitality holdings.