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16 Apr 2025
India's hotel investment landscape is shifting beyond metros, with nearly half of 2024's hotel deals taking place in tier-II and III cities like Amritsar, Mathura, and Bikaner, according to JLL. Driven by rising domestic travel and religious tourism, investors are targeting operational hotels for rebranding, while greenfield developments crossed 28,000 new rooms-double that of 2023. Notably, 51% of deals came from individual investors and family offices. While metros still draw interest for large-format hotels, smaller cities are gaining traction, influencing local land prices and real estate trends. Government support for tourism further fuels optimism in India's expanding hospitality sector.Read more
16 Apr 2025
Retail leasing in Delhi-NCR surged 57% year-on-year in Q1 2025, led by high street locations like Connaught Place, Khan Market, and Galleria Market, according to Cushman & Wakefield. High streets contributed 61% of the leasing, with Connaught Place rents rising 14% to INR 1,150-1,250 per sq ft and Khan Market climbing 7% to INR 1,600-1,650. Galleria Market posted the highest growth at 20%. While Gurugram dominated leasing at 52%, mall leasing fell 12% as brands shifted focus to high-visibility streets. Fashion and F&B led demand, each accounting for 24% of activity. Nationally, Q1 retail leasing hit 2.4 million sq ft, with Hyderabad leading growth.Read more
10 Apr 2025
Leasing of retail spaces across eight prominent Indian cities surged 55% year-on-year in the March 2025 quarter to 24.08 lakh sq ft, according to Cushman & Wakefield's latest report. High streets dominated with nearly 70% share, driven by strong interest in Delhi-NCR, Mumbai, Bengaluru, and Hyderabad. Mall leasing accounted for 7.2 lakh sq ft. Fashion, F&B, and entertainment brands remained the key demand drivers. Industry leaders observed rising preference for experiential and integrated retail hubs. With 70 lakh sq ft of new Grade A supply expected in the coming quarters, strong momentum is projected to continue.Read more
09 Apr 2025
Haldiram's FMCG units from Delhi and Nagpur have officially merged to form Haldiram Snacks Food Private Ltd (HSFPL), marking a key milestone for the iconic Indian brand. The Delhi arm holds a 56% stake, while Nagpur holds 44%. The merger, approved by the CCI and NCLT in 2023, follows the company's recent strategic partnership with Temasek, Alpha Wave Global, and IHC. Valued at around USD 10 billion, the move aims to scale global operations, particularly in the US and Middle East, while combining legacy with future-ready expansion plans.
08 Apr 2025
Avenue Supermarts, operator of the DMart chain, added 28 new outlets in the March quarter, bringing its FY25 store tally to 50 - the highest in three years. The move comes as competition in grocery retail intensifies, particularly from quick commerce players. Despite expanding its footprint, DMart is facing margin pressures due to lower sales throughput and an unfavourable product mix, according to Citi Research and Morgan Stanley. The company reported INR 14,462 crore in Q4 standalone revenue - up 17% year-on-year - and full-year FY25 revenue of INR 57,789 crore, reflecting a growth of 16.6%, slightly below its five-year CAGR.
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08 Apr 2025
Hyatt Hotels is set to launch its all-inclusive Ziva and Zilara resort brands in India, marking a significant shift in the country's hospitality landscape. These resorts will offer guests a package that includes stay, meals, beverages, and curated experiences-unlike the traditional bed-and-breakfast model common in India. The move follows Hyatt's global expansion in this segment, including a USD 2.6 billion acquisition of Playa Hotels & Resorts. Backed by strong domestic demand and double-digit growth, Hyatt plans to add seven new properties in India this year to its current list of 52 hotels and enhance brand loyalty through marketing initiatives and exclusive member experiences.
04 Apr 2025
VLCC, backed by Carlyle Private Equity, is set to increase its company-owned retail clinics from 90 to 175 by the end of April 2025 across tier-1 and metro cities. This expansion aligns with the brand's strong double-digit retail business growth. VLCC currently runs 300 outlets, including franchise locations, and has a presence in the Middle East, South Asia, and Africa. The company, which acquired Ustraa in 2023, is exploring further acquisitions in the digital-first wellness and grooming sector. Founded in 1989, VLCC operates in the skincare, beauty, and wellness sectors, offering both services and products.
04 Apr 2025
The Oberoi Group has secured a three-month extension to manage the Wildflower Hall hotel under a new agreement with the Himachal Pradesh government, following the expiry of its management deadline on 31st March. The two-decade-long legal dispute between East India Hotels (EIH) and the state government concluded with the Supreme Court's ruling in February 2024, directing EIH to vacate the five-star property by March 2025. To prevent revenue losses, the extension has been granted until the property is leased out. A consultant has been appointed to draft bidding documents for the leasing process.
04 Apr 2025
Italian luxury carmaker Ferrari is set to establish its first official service centre and pre-owned car showroom in South India. Through its Indian dealer, Select Cars Private Limited, Ferrari has leased a 10,000 sq. ft retail space in North Bengaluru, near Kempegowda International Airport, at a monthly rent of INR 8 lakh. The lease agreement, commencing on March 1, 2024, spans 10 years with an annual rental escalation of 4.7% and a security deposit of INR 80 lakh. The facility, split across two floors, will provide after-sales support to Ferrari owners in South India. Currently, Ferrari operates showrooms in Mumbai and Delhi, making this Bengaluru outlet a key expansion move in India.
03 Apr 2025
Park Medi World, operating under the Park Hospitals brand in North India, has submitted draft papers to the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO) aiming to raise INR 1,260 crore. The offering comprises a fresh issue of INR 960 crore and an offer-for-sale of INR 300 crore by promoter Ajit Gupta. Proceeds are earmarked for debt repayment (INR 410 crore), hospital development and expansion (INR 110 crore), medical equipment procurement (INR 77.2 crore), and general corporate purposes.
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