India's aerocities are booming, evolving into self-sustaining urban ecosystems. These airport-centric developments are attracting businesses, transforming cityscapes, and driving Non-Aeronautical Revenues for airports.
India's real estate sector drives economy, undergoes lifestyle-driven transformations, and poised for global leadership with massive growth potential.
Gujarat govt. announced 100% property tax exemption for hotels, restaurants, resorts, and water parks for FY2021-22, alongside revoking flat electricity bills, offering substantial relief to the hospitality sector.
Hotels and convention centers are now included in the master list of infrastructure, a move praised by the Tourism Minister which is likely to boost the hospitality sector.
Mirah Group consolidates real estate business, eyes large townships in Mumbai, Pune, and Nagpur, alongside expanding F&B and hospitality ventures.
Texas Pacific Group Capital acquires 15% stake in Shriram Properties for INR 450 crore, valuing the firm at over INR 2,700 crore.
Sayaji Hotels Ltd plans to invest Rupees 100 crore in Pune, expanding operations to include a sports club, restaurant, mall, and service apartments. The group also aims to grow in other cities like Bangalore, Chennai, and Gurgaon.
Accor and InterGlobe collaborate to launch an investment fund for a chain of hotels in India.
Hilton International aims to expand in India by introducing more brands after its successful joint venture with DLF and recent application to the FIPB for further investments.
The Indian hospitality sector is witnessing a surge in global investment, with numerous hotel chains planning expansion amid a significant demand-supply gap in accommodation.
Oberoi Hotels and Resorts is set to establish a luxurious 225-room hotel in Doha, enhancing Qatar's hospitality landscape through a partnership with Al Wa’ab City Management.
ITDC is renovating Hotels Janpath and Samrat in New Delhi. Hotel Janpath will feature in-room spas and a rooftop solarium, with an estimated investment of Rs 45 crore.
Best Western India opens 13th operational property, 'Best Western Classic Avenue', a 60-room luxury hotel in Kerala, with plans to add 70 more rooms.
Unitech to Sell 6 Hotel Projects to Reduce Expenditure
Travel India Marketing launches 60-room serviced apartment in Malad, targeted at corporate long stays and businesses in Mindspace. Rooms will be offered at promotional rates.
Sarovar Hotels & Resorts aims to add 100,000 rooms by 2012, expanding its portfolio with 33 new hotels across various brands, including budget-friendly Hometels and apartment hotels.
The Indian hospitality sector is rapidly evolving, with hotel chains expanding across India and globally, driven by rising demand and new market opportunities.
JNB Investments LLC is entering the Indian hospitality market with a plan to establish 50 hotels by 2025, investing Rs. 2000 Crore.
Frasers Hospitality plans to add 5,000 serviced apartments in two years, focusing on China, India, and Vietnam, despite global economic slowdown concerns.
India poised for decade-long 10% yearly growth, says hedge fund manager at Arabian Hotel Investment Conference
Sistema, a Russian conglomerate, plans to invest up to $200 million in Indian commercial real estate and hospitality projects by year-end, focusing on office spaces and hotels in major metros.
High Pointe Real Estate Pvt Ltd announces the development of Mehran Heritage, a boutique hotel in Jodhpur, aimed at attracting both foreign and business travelers.
Hilton Hotels Corporation is planning a major comeback in the Indian market after ending its partnership with The Oberoi Group. The company is negotiating with multiple real estate players and will introduce its full range of hotels.
Sayaji Hotels Ltd has greenlighted a Rs. 20 crores investment for a 175-room budget hotel in Indore, operated by its subsidiary Malwa Hospitality Pvt Ltd.