06 May 2025

Phoenix Mills, India's leading mall operator, has announced plans to expand its retail portfolio to over 14 million sq ft by 2027, with a target of 18 million sq ft by 2030. The company aims to achieve this growth by adding new spaces in cities such as Kolkata, Surat, Coimbatore, Thane, and Chandigarh. In the fiscal year 2025, Phoenix Mills invested approximately INR 2,600 crore in acquiring development potential and construction across various projects. The company plans to continue its expansion by investing INR 1,200 crore to INR 1,300 crore annually.Read more

05 May 2025

Townhouse Cafe' Quick Service Restaurant (QSR) carts and in-house kitchens are being introduced in OYO's company-serviced hotels as part of its expansion into the food and beverage industry. This initiative follows a successful pilot across 100 hotels and aims to roll out to 1,500 properties in the fiscal year 2025-26. The move is expected to enhance guest satisfaction and contribute an additional 5-10% to hotel-level revenue. The company is also establishing a network of trusted F&B experts in key cities to support this expansion.Read more

29 Apr 2025

The Greater Cochin Development Authority (GCDA) is set to finalize the construction of a new shopping complex in Kakkanad, following the demolition of the 50-year-old Kakkanad Commercial Hub. The upcoming five-story building, encompassing 18,000 sq ft, will include retail shops, office spaces, a meeting hall, restrooms, and elevator facilities. The basement will be dedicated entirely to parking, featuring separate entry and exit routes. Temporary accommodations are being arranged for displaced shop owners during the construction phase.Read more

29 Apr 2025

Singapore's sovereign wealth fund GIC has partnered with Indian hotel asset manager SAMHI Hotels to create a new USD 300 million hospitality investment platform. The collaboration, initiated earlier this week, aims to develop upscale hotel properties across India, starting with a portfolio of five assets in Bengaluru and Pune. GIC will acquire a 35% stake in three subsidiaries of SAMHI, while the investment will be used both to pare down SAMHI's existing debt and finance a new hotel development. This marks a major step towards consolidating premium hotel assets in India's growing hospitality sector.Read more

21 Apr 2025

Hyatt Hotels plans to expand its India footprint from 50 to 150 properties over the next five years, tapping into the country booming luxury hospitality market. With six new hotels set to open in 2025, including in Kochi and Jaipur, the brand aims to cater to rising demand driven by big-ticket weddings, spiritual tourism, and mega-events. Leveraging an asset-light model, Hyatt will focus on management partnerships to grow across both metros and emerging destinations like Varanasi and Tirupati. As India becomes the fourth-largest hospitality market globally, Hyatt's strategy reflects its confidence in the country's expanding middle class and travel infrastructure.Read more

18 Apr 2025

Marriott Hotels has launched a 226-room property in Udaipur, marking another step in its tier-II city expansion. Part of the Marriott Bonvoy portfolio, the hotel targets rising tourist and wedding demand in the heritage-rich 'City of Lakes.' This follows similar openings in Goa, Shimla, and Mussoorie. Marriott's regional VP Ranju Alex noted Udaipur's appeal for both domestic and international travellers. As global hotel chains like Hilton and Accor enter smaller cities, Udaipur is also witnessing growing interest in resort-style villas and mixed-use developments, highlighting a hospitality-led trend in real estate around emerging tourist destinations.Read more

18 Apr 2025

DLF is set to expand its retail portfolio by opening three shopping malls in Goa, Delhi, and Gurugram by the end of FY26. With a combined space of approximately 14 lakh square feet, the developments aim to tap into the growth of organised retail in India. DLF's senior executive, Pushpa Bector, highlighted key projects like 'DLF Midtown Plaza' in Moti Nagar, 'DLF Summit Plaza' in Gurugram, and a large mall in Goa. The company is optimistic about the retail sector's post-COVID recovery, particularly the rise of F&B spaces in malls.Read more

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