24 Jul 2025

Brigade Hotel Ventures Ltd, a subsidiary of Brigade Enterprises Ltd, raised INR 325 crore from 17 anchor investors just before its IPO opened for public subscription. The price band for the IPO has been set between INR 85 and INR 90 per share, with the offering expected to raise INR 759.6 crore entirely through a fresh issue. The proceeds will primarily be used to reduce debt, purchase land from the parent company, and fund strategic growth. The company operates nine hotels across South India and GIFT City under brands like Marriott, Accor, and IHG.Read more

23 Jul 2025

ITC Hotels Ltd has opened a new property in Prayagraj under its Welcomhotel brand, adding to its expanding portfolio in Uttar Pradesh. The newly launched 60-key hotel brings the company's total footprint in the state to seven operational properties, with six more under development. In a parallel development, TACC Ltd and the National Council for Cement and Building Materials (NCB) have formalised a partnership to innovate in next-generation construction materials using graphene-based additives.Read more

20 Jul 2025

Oberoi Realty, as part of a consortium, has acquired Hotel Horizon for INR 919 crore through an insolvency resolution process. The acquisition involves a 7,502.49 sq meter sea-facing land parcel on Juhu Tara Road, Mumbai, slated for a retail-cum-hotel project. The payment settles all dues, including CIRP costs, for Hotel Horizon, incorporated in 2004. This acquisition marks a step in the insolvency resolution of the property and its planned redevelopment in Mumbai's prime real estate market.Read more

16 Jul 2025

Prayagraj is set to witness the implementation of Uttar Pradesh's overhauled Bed & Breakfast (B&B) and Homestay Policy 2025, aiming to establish approximately 800 new registered homestay-cum-B&B units in the city. The initiative, overseen by the state's tourism department, intends to enhance accommodation infrastructure, especially around religious and tourist hotspots. It replaces the earlier paying guest model with a formalised framework that mandates safety features, owner occupancy, limited room capacity, and cultural engagement. The registration process is being eased for interested residents, with nominal registration fees, NOC-based approvals, and structured classification into Silver and Gold categories. The policy also carries wider implications for employment generation, women empowerment, and tourism-led economic growth in the region.Read more

16 Jul 2025

Home interiors brand HomeLane has launched a new experience studio on 100ft Road, Gandhipuram, marking its twelfth store in Tamil Nadu. The Coimbatore studio enhances the company's presence in a key South Indian market, offering tech-driven home interior solutions with a 45-day delivery guarantee. Inaugurated by political figures K. Annamalai and Vanathi Srinivasan, the studio provides services such as AI-powered 3D visualisation, flat pricing, and project management support.Read more

15 Jul 2025

Fairmont Hotels & Resorts, in collaboration with Keystone Resorts Pvt. Ltd., has opened the Fairmont Udaipur Palace in the Aravalli Hills. Spanning 18 acres, the property includes 327 rooms, eight culinary destinations, seven event venues, a wellness sanctuary, and detailed Rajasthani craftsmanship. The palace pays homage to Rajasthan's cultural legacy through architecture, rituals, and art, while offering immersive stays and curated experiences for weddings, wellness, and leisure. This launch marks a significant addition to Fairmont's presence in India and redefines luxury hospitality in Udaipur.Read more

15 Jul 2025

Electric vehicle major Tesla is set to make its formal foray into the Indian market with the launch of its first experience centre at Bandra Kurla Complex, Mumbai. The event, positioned as the "launch of Tesla in India", will mark the company's official entry into the country. Tesla has already leased warehouse space in Mumbai and shipped its first set of Model Y rear-wheel drive SUVs from China. However, its push into the Indian market comes despite unresolved concerns over import tariffs and the absence of any local manufacturing plans.Read more

13 Jul 2025

The BMC has proposed to demolish the 129-year-old Vikas Premises Cooperative society building in Fort, Mumbai, citing its dangerous condition. The structure houses the iconic Jimmy Boy restaurant. Residents, however, oppose the demolition, hoping for restoration. This comes after the Bombay High Court dismissed a resident petition in late 2023, prioritizing public safety. All 37 society members have vacated. While the BMC proceeds to appoint a contractor for demolition, the restaurant owner maintains that other avenues are being explored, highlighting the complexity of heritage building redevelopments.Read more

11 Jul 2025

Manglam Group has partnered with The Fern Hotels & Resorts to launch a new 200+ key serviced apart'otel under the Fern Habitat brand in Jaipur. The property will be a part of Pinkwalk, Manglam's flagship mixed-use development in Jagatpura. Featuring a blend of hotel services and apartment-style living, the project aligns with Manglam's INR 1,000 crore investment plan to develop premium hospitality assets across Rajasthan and Goa.Read more

10 Jul 2025

Manipal Hospitals is set to acquire Pune-based Sahyadri Hospitals from Ontario Teachers' Pension Plan Board, in a deal estimated at INR 6,200-6,400 crore. This acquisition adds 11 hospitals and 1,400 beds across Maharashtra, raising Manipal's total hospital count to 49 and its bed capacity to around 12,000-making it one of India's largest hospital networks. Backed by Temasek, Manipal aims to expand its footprint and healthcare services nationwide. Ontario Teachers' had acquired a majority stake in Sahyadri in 2022, investing INR 900 crore to scale the brand.Read more