Tier II and III cities will gain 25 million square feet of retail space by 2029
Author : PNT Bureau
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....
BNK Group enters healthcare sector with focus on user-friendly facility design
Author : PNT Bureau
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....
Nexus Seawoods recreates the Majestic Sheesh Mahal for Diwali 2024
Author : PNT Bureau
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....
Harvest Gold donates a record breaking 95,000 bread slices as a part of the 'Harvest Gold Global Race 2024'
Author : PNT Bureau
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....
Speciality Restaurants plans global expansion with 40-50 new outlets over next three years
Author : PNT Bureau
Speciality Restaurants, India's first publicly listed restaurant company, plans to open 40-50 new outlets in the next three years, expanding both domestically and internationally. With 97 restaurants and 32 confectionery outlets, the company is focusing on the Asian market, particularly through its Mainland China and Oh! Calcutta brands. Chairman Anjan Chatterjee emphasised the importance of robust, authentic food and noted the challenges of sustaining a restaurant brand beyond five years. The firm aims to cater to the Indian diaspora, ensuring they have access to beloved dishes from Mainland China and Asia Kitchen....
Krsnaa Diagnostics acquires 23.53% stake in Apulki Healthcare to expand cancer and cardiac care services
Author : PNT Bureau
Krsnaa Diagnostics has announced the acquisition of a 23.53% stake in Apulki Healthcare, India's first public-private partnership for cancer and cardiac care hospitals. This strategic move aims to provide a comprehensive suite of integrated diagnostic services for patients. Yash Mutha, the joint managing director, highlighted the investment's significance in enhancing their position within the expanding healthcare sector. The funding will come entirely from internal accruals, ensuring no impact on cash flow. The collaboration will also cater to the rising demand for advanced diagnostics among urban retail patients....
Noida Authority offers six prime hotel plots in e-auction to strengthen tourism and commerce
Author : PNT Bureau
The Noida Authority has launched a comprehensive scheme to establish six new hotels across the city, catering to the growing market demand. This initiative aims to bolster the city's hospitality infrastructure and strengthen its position as a thriving commercial and tourist destination. The scheme includes plots for three budget hotels and three star-category hotels, located in strategic sectors. The allotment process will be conducted through an e-auction, and the Authority expects to generate over INR 1,000 crore in revenue from this initiative. Additionally, the Greater Noida Industrial Development Authority has introduced a scheme for BPO and ITES plots, further enhancing the city's business ecosystem....
AIPL Joy District: Gurugram's new premier retail and entertainment hub
Author : PNT Bureau
AIPL Joy District (AJD), launched by Advanced India Projects Limited in Gurugram's Sector 88, is set to be a premier retail and entertainment destination. Strategically located at the intersection of major corridors, AJD will span 1.2 million square feet across four levels, featuring global lifestyle brands, diverse dining options, and entertainment zones. Post-pandemic residential growth in sectors 80-90 has fuelled demand for shopping and dining options, prompting AIPL's commitment to deliver 1.356 million square feet of premium retail space by Q4 2024. The project emphasises luxury, sustainability, and innovation, aiming to redefine the retail experience in Gurugram....
Swiggy gains celebrity backing ahead of IPO as investors bet on India's food tech giant
Author : PNT Bureau
Swiggy, a leading food and grocery delivery platform in India, is attracting significant attention from celebrities ahead of its upcoming Initial Public Offering (IPO). Prominent figures like cricketers Rahul Dravid and Zaheer Khan, tennis player Rohan Bopanna, director Karan Johar, and actor Ashish Chowdhry have invested in Swiggy through the unlisted market, signaling confidence in its long-term growth. Swiggy's expansion into grocery delivery and rapid commerce has bolstered its market position, drawing high-profile backers. This wave of celebrity investment mirrors a broader trend of tech startup interest, as Swiggy gears up for a potentially successful public debut....
Schloss Bangalore Ltd plans INR 5,000 crore IPO, largest in India's hospitality sector
Author : PNT Bureau
Schloss Bangalore Ltd plans to raise INR 5,000 crore through an initial public offering (IPO), which would be the largest in India's hospitality sector to date. The IPO will include a fresh issue of equity shares worth INR 3,000 crore and an offer for sale (OFS) of INR 2,000 crore by its promoter, Project Ballet Bangalore Holdings (DIFC) Pvt Ltd. Backed by Brookfield Asset Management, the company has filed the necessary documents with SEBI. Funds raised will be used to pay off loans and support general corporate purposes, reflecting strong growth in the hospitality market....
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