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17 Apr 2025
Tata Group's Indian Hotels Company Limited (IHCL) expanded its portfolio to 380 hotels in FY2024-25, with 74 new signings and 26 hotel openings. The company now has 137 properties under development across 14 countries and 150+ locations. Its Ginger brand led the growth with nine new hotels in cities like Nagpur, Coimbatore, and Srinagar. IHCL also entered new global markets, including Bahrain and Ras Al Khaimah. Under its 'Accelerate 2030' strategy, IHCL continues expanding brands like Vivanta and SeleQtions while creating 2,500+ jobs this year, reinforcing its leadership in India's hospitality sector and beyond.Read more
17 Apr 2025
Real estate consultant Cushman & Wakefield reports that nearly 20 premium shopping malls, offering 12.3 million square feet of retail space, will be operational across eight major cities by the end of 2026. These malls aim to meet the increasing demand from retailers seeking expansion opportunities. Out of the total, 8.6 million square feet will be superior Grade A-plus malls, reflecting a shift towards quality and experience-driven retail environments. The growth will be concentrated in cities like Delhi-NCR, Mumbai, and Bengaluru, and reflects an evolving retail landscape focused on curated consumer experiences.Read more
16 Apr 2025
Lulu International Shopping Malls has acquired Manjeera Retail Holdings, owner of Manjeera Mall in Hyderabad's Kukatpally, following a National Company Law Tribunal (NCLT) ruling. The acquisition stemmed from insolvency proceedings initiated after loan defaults, with creditors claiming INR 317 crore. Lulu's INR 318 crore resolution plan was approved by the committee of creditors and ratified by the NCLT. Previously operating under lease, Lulu now fully owns the mall, enhancing its Hyderabad presence. The move is seen as a strategic step amid broader retail restructuring in India, promising improved mall management, brand offerings, and a revitalised retail experience for local shoppers.Read more
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
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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.
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.
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