22 Oct 2024

Temasek Holdings has facilitated Manipal Health Enterprises in acquiring a five-storey hospital in Mumbai's Andheri for INR 115 crore. The property spans 2.6 acres and features approximately 225,000 square feet of built-up area. This acquisition is part of a broader strategy to enhance Manipal's market presence, following its stake increases in Medica Synergie and AMRI Hospitals.Read more

21 Oct 2024

Elan Miracle Mall in Gurugram's Sector 84 is undergoing a festive transformation, becoming a one-stop destination for holiday shopping. The mall now features an array of renowned brands in fashion, beauty, home decor, and dining. With stores like Zudio, HomeStop, SUGAR Cosmetics, and Haldiram's, it caters to diverse consumer needs. The mall's unique design, with a three-sided open layout, ensures accessibility and a pleasant shopping environment. It also offers entertainment and the newly opened Ramada Encore Hotel. Upcoming brand launches and festive events are planned to enhance the visitor experience. Elan Miracle Mall aims to be more than a shopping center, offering a comprehensive lifestyle destination for the festive season.Read more

18 Oct 2024

Bata marked its 130th anniversary with the opening of a new, eco-conscious headquarters in Gurugram, emphasising innovation and sustainability. Designed with "Blue-Sky Thinking," the space fosters creativity, collaboration, and flexibility through modern features like hot seating, smart technology, and sustainable systems such as solar power and water recycling. The office has earned Platinum LEED and GRIHA certifications. CEO Gunjan Shah highlighted Bata's commitment to innovation, employee well-being, and environmental responsibility. The new headquarters reflects Bata's dedication to blending tradition with modernity, preparing the company for a sustainable, forward-thinking future.Read more

17 Oct 2024

This year's wedding season is proving exceptional for the hospitality industry, with luxury hotels across India witnessing high demand and full bookings. International chains like Shangri-La, Radisson, Hyatt, and Hilton are launching specialized wedding services to cater to the growing trend of destination weddings. Major properties, including Noormahal Palace and Wyndham locations, are fully booked for auspicious dates in November and December. Hotels are introducing tailored packages, resulting in increased rates and high occupancy. With more than 4.8 million weddings expected across the country, the industry is set to see significant growth this season.Read more

16 Oct 2024

Tellado Realty, renowned for its luxury developments in Goa, has transferred its hospitality division to villa rental brand StayVista. This partnership enables StayVista to manage fully serviced stays at Tellado's upscale properties in Assagao, Siolim, Mandrem, and Aldona. The move reflects StayVista's strategy to strengthen its B2B vertical, offering services like facility management and design consultancy to developers nationwide. Tellado's founder, Rahul Agarwal, highlighted that the decision enables the company to focus on developing top-tier luxury villas while StayVista handles operations. Both brands aim to enhance Goa's luxury real estate market through this collaboration.Read more

15 Oct 2024

SAMHI Hotels has entered a share purchase agreement to acquire Innmar Tourism and Hotels (ITHPL) for approximately INR 2,050 million, fully funded through internal reserves. Following the acquisition, ITHPL will become a wholly-owned subsidiary of SAMHI. The deal includes a 142-room operational hotel in Whitefield, Bengaluru, with the potential to expand by adding 200-220 more rooms. SAMHI's chairman, Ashish Jakhanwala, emphasised that the acquisition aligns with the company's growth strategy, focused on key office and aviation markets. SAMHI currently owns six hotels with 9,181 rooms, further strengthening its presence in Bengaluru's hospitality market.Read more

14 Oct 2024

India's Tier II and III cities are witnessing rapid growth in retail real estate, with 25 million square feet of new developments projected over the next five years. Rising consumer demand, the availability of land, and a lack of quality retail spaces in these areas drive this expansion. Developers are creating large-scale malls, offering a diverse mix of national and international brands. Institutional investors are increasingly targeting these emerging markets, resulting in a surge of high-quality retail projects. This shift highlights the growing importance of smaller cities in India's evolving retail landscape.Read more

11 Oct 2024

The BNK Group is expanding into the healthcare sector with the launch of AAA BNK, led by Behzad Kharas in partnership with Dr Ahmad Mecklai and Dr Amit Jagtap. This new division aims to revolutionise healthcare design and construction in India, leveraging BNK's extensive architectural experience. AAA BNK focuses on human-centric design, collaborating with institutions like Tata Trusts and Breach Candy Hospital to create state-of-the-art, eco-friendly healthcare facilities.Read more

09 Oct 2024

This Diwali, Nexus Seawoods is enchanting patrons with a stunning recreation of the Sheesh Mahal, crafted from over 1 lakh pieces of mirrors and glass by more than 100 artisans. Open from October 3, this magnificent installation is divided into three immersive sections, inviting families and friends to create lasting memories. Experience the splendor daily from 1 PM to 9 PM, with tickets starting at INR 299.Read more

08 Oct 2024

Harvest Gold, a top bread brand in India and part of Bimbo Bakeries India under Grupo Bimbo, hosted the 9th 'Harvest Gold Global Race 2024' in Delhi NCR, attracting 4,750 participants. With a focus on reducing hunger, the event pledged to donate 20 slices of bread for every registration, totaling 95,000 slices for Snehdhara Charity Council. Milind Soman served as the Race Ambassador, highlighting the importance of health and nutrition awareness.Read more