10 Apr 2026

Global property consultancy Savills has acquired a majority stake in hospitality advisory firm Hotelivate to strengthen its presence in the Asia-Pacific region. The transaction, announced in the past week, will integrate Hotelivate's regional expertise with Savills global platform to expand advisory services across hotel investments and asset management. Financial details of the deal have not been disclosed. Hotelivate operates across South Asia, advising on hotel development, transactions and feasibility. The acquisition aligns with Savills strategy to scale its hospitality vertical and enhance client coverage in high-growth markets such as India and neighbouring countries.Read more

09 Apr 2026

Nexus Select Trust has acquired Diamond Plaza in Kolkata for INR 347.5 crore as part of its strategy to expand its retail real estate portfolio. The transaction, approved by the board of its manager entity, involves the purchase of the asset from Super Diamond Enterprises after a restructuring exercise. The mall has a gross leasable area of around 2,44,000 sq ft. The deal is expected to close in the coming months, adding to the REIT's existing presence across key urban markets in India.Read more

09 Apr 2026

The Competition Commission of India has approved Warburg Pincus acquisition of a stake in Fleur Hotels Ltd, a subsidiary of Lemon Tree Hotels, along with an INR 960 crore investment plan. The deal includes the purchase of a 41.09 per cent stake from APG Strategic Real Estate Pool NV and a broader internal restructuring of Lemon Tree's business. The move aims to separate hotel ownership and management into distinct platforms, strengthen growth potential, and expand Fleur's asset base significantly, with plans for a future listing on domestic stock exchanges.Read more

08 Apr 2026

Minor Hotels has signed a management contract to operate a luxury Anantara-branded hotel at the upcoming World Trade Centre (WTC) in Salt Lake, Kolkata, marking its first urban Anantara property in India. The hotel, part of a joint venture between Aryan Realty and the Merlin Group, is scheduled to open in 2032 with an estimated development cost of INR 200 crore for the hotel component. The property will feature around 170 rooms and suites, two restaurants, a rooftop specialty restaurant, a ballroom, spa, gym and swimming pool. The WTC project, Eastern India's first, spans 11 acres of mixed-use development including Grade A office and retail space, with a total estimated project cost of INR 2,400 crore. Minor Hotels plans to expand its presence in India to 50 properties over the next decade.Read more

07 Apr 2026

IHG Hotels & Resorts has signed a management contract with Yashvi Greenco LLP to operate a 110-key Holiday Inn Express hotel on Gauravpath in Surat, Gujarat. Scheduled to open in 2029, this will be IHG's first property in Surat, expanding the company's footprint in India's high-growth secondary and emerging commercial cities. IHG currently operates 51 hotels across six brands in India and has a development pipeline of 89 hotels expected to open over the next three to five years. The company emphasised India as a strategic growth market for its ongoing expansion plans in both primary and secondary cities.Read more

07 Apr 2026

Magicpin has introduced an AI assistant named Vera to support restaurants and retailers with real-time insights on order volumes and operational planning. The tool has already onboarded over 1,00,000 businesses during its trial phase. The company advanced the launch in response to an LPG supply disruption affecting food delivery partners across India, offering immediate AI-based support. With an investment of USD 1 million in its AI stack, magicpin aims to improve digital visibility, customer engagement and conversions for small businesses operating on tight margins.Read more

05 Apr 2026

Construction has begun on the Crowne Plaza 5-Star Hotel in Amaravati, marking a key step in expanding the city's hospitality infrastructure. Developed by Indrayal Hotels Private Limited and consortium, the hotel will be built on four acres in Shakamuru, featuring 200 rooms and an investment of around INR 300 crore. The project is expected to provide jobs for 500 people. The move reflects APCRDA's ongoing strategy of allocating land and ensuring timely project execution, contributing to the balanced and inclusive development of Amaravati as a modern, well-planned capital city.Read more

05 Apr 2026

Haworth India organised a series of women's leadership roundtables in Bengaluru and Hyderabad as part of its Give to Gain initiative, engaging senior professionals from architecture, corporate real estate and project management sectors. The discussions, held as moderated panels, focused on the role of workplace design, mentorship and inclusive policies in improving organisational performance. The initiative, conducted across five cities including Delhi, Mumbai and Chennai, aimed to position inclusion as a business driver rather than a social objective. Participants highlighted the importance of structured support systems, leadership culture and adaptive workplaces in enabling women's participation and leadership across different stages of their careers.Read more

05 Apr 2026

Avenue Supermarts Limited has opened a DMart store at Omaxe Connaught Place in Beta II, Greater Noida, expanding its presence in the National Capital Region with its largest outlet in the region. The store spans over 50,000 sq ft on a single floor and marks DMart's first entry into Greater Noida. The development, which has a total retail footprint of around 12 lakh sq ft, gains a daily-needs anchor aimed at increasing regular footfall. The addition aligns with rising demand for organised retail in emerging urban clusters, supported by residential growth and improving connectivity. It also reflects the relatively low penetration of organised retail in India, estimated at under 15%.Read more

04 Apr 2026

ITC Hotels Limited has launched Storii Jawai, a 15-key boutique retreat in Rajasthan, marking the 11th property under its Storii brand. Located in the Jawai region, known for its leopard habitat, granite landscapes, and river ecosystem, the project focuses on nature-led and experiential tourism. Developed in partnership with 1st Gate Luxe Pvt. Ltd., the property integrates safari-style accommodation with low-impact design elements such as tented villas, private courtyards, and preserved green zones. The development aligns with the growing demand for boutique and eco-sensitive hospitality formats in emerging leisure destinations. It also reflects increasing investor interest in experiential tourism assets that combine wildlife, culture, and premium accommodation.Read more