Khan Market in Delhi has dropped one place to 24th globally in Cushman & Wakefield's list of the world's most expensive high streets, though it remains India's priciest. London's New Bond Street leads globally, followed by Milan and New York. India's high streets, including Connaught Place and Galleria Market, continue attracting domestic and international brands due to rising affluence and limited mall supply. Rental growth in Tier 1 cities averaged 6% year-on-year, with Gurugram seeing the highest increase. Chennai's Anna Nagar 2nd Avenue is the most affordable APAC street, at USD 25 per sq ft.Read more

Indian Hotels Company (IHCL) recently announced that it had finalised an agreement to develop a new 90-key greenfield Ginger hotel in Dimapur, marking its first venture in Nagaland. The company indicated that Dimapur serves as a major commercial and cultural centre in the state and said the project aligns with its broader strategy to strengthen its footprint in the Northeast, where tourism and infrastructure have seen steady improvement. The hotel, developed in partnership with T K Enterprises, adds to IHCL's growing regional presence.Read more

Fly91, the Goa-based regional airline, plans to induct three more ATR 72-600 aircraft and launch new routes by March next year, taking its fleet to seven. The digital-native carrier, which began operations earlier this year, currently flies four aircraft and runs over 120 weekly flights, including services under the government's regional connectivity scheme. Fly91 now connects eight cities-Goa, Pune, Bengaluru, Hyderabad, Sindhudurg, Solapur, Agatti and Jalgaon-and aims to expand further. Backed by INR 250 crore in funding, the airline has already carried 1.7 lakh passengers on more than 3,500 flights. Over the next five years, it plans to scale up to 30 aircraft and operate from multiple bases.Read more

Puravankara Limited has signed an Agreement to Lease with IKEA India for two retail floors at Purva Zentech Park, its mixed-use commercial project on Kanakapura Road in Bengaluru. The development spans 9.6 lakh sq ft with flexible floor plates and IGBC Gold-rated features, and is scheduled for completion by early 2026. IKEA will occupy over 1.2 lakh sq ft across the first and second floors, with handover expected in early 2026. Puravankara said the deal highlights the project's strong location and rising demand in South Bengaluru. With a 3.2 million sq ft commercial pipeline, the company expects projects like Zentech Park and Aerocity to support significant future value creation.Read more

Oberoi Mall ushered in the festive season earlier this week by hosting a lively cake-mixing celebration in collaboration with The Westin Mumbai Garden City. Organised on Children's Day, the event witnessed strong participation from families and shoppers who joined the traditional pre-Christmas fruit-and-spice mixing ritual. The mall complemented the activity with engaging experiences tailored for children, creating a cheerful afternoon atmosphere. Executives from Oberoi Realty and The Westin Mumbai Garden City noted that the initiative aimed to bring the community together while setting a warm and celebratory tone for the forthcoming Christmas season.Read more

Indian Hotels Company Ltd (IHCL) recently confirmed that it had entered agreements to acquire a 51 per cent stake in Sparsh Infratech, the parent company of the wellness brand Atmantan, for around INR 240 crore. IHCL indicated that the investment would be funded through internal accruals and would give the hospitality group ownership of the brand, its 97-key luxury wellness retreat in Mulshi near Pune, and its proprietary programmes. The company conveyed that the partnership with founders Sharmilee and Nikhil Kapur would support its long-term strategy of expanding its integrated wellness portfolio across key destinations in India and abroad.Read more

Satya Retail, an affiliate of the DS Group specialising in digital B2B distribution for the convenience retail segment, announced earlier this week that it had partnered with Infinia Technologies, a subsidiary of Sirius International Holding, to introduce the Smart AI Integrator (SAII). The platform is designed to support millions of small convenience outlets across India by integrating AI, blockchain and fintech capabilities into a unified system. The initiative aims to streamline supply and demand, strengthen financial access for small retailers, enhance operational efficiency, and deepen India's transition towards a technology-enabled retail ecosystem.Read more

IKEA India reported annual revenue of INR 1,860.8 crore for FY24-25, a 6% rise from the previous year, driven by strong online sales, growing B2B orders and steady restaurant operations. Online revenue grew 34%, while the B2B segment expanded 20% and now contributes 19% of total sales. Food operations added about 10%, serving over 2.2 million meals. IKEA highlighted its focus on affordability, offering many products priced below INR 1,000. The retailer also expanded its network with a new Delhi city store and a Bengaluru Plan & Order Point, now reaching over 90% of urban households. It plans more small-format stores and a fresh investment round to support future growth.Read more

The upscale dining brand Bastian, co-owned by actress Shilpa Shetty, is set to establish a major 1 lakh sq ft food and entertainment zone in GIFT City, Gujarat. The facility will include restaurants, plazas and event spaces, marking a substantial expansion of the zone's social infrastructure. This move builds on Bastian's strong presence in Mumbai and the brand's luxury positioning among high-net-worth clients.Read more

Nexus Seawoods Mall in Navi Mumbai is set to transform into a culinary hotspot as it hosts The Global Food Carnival in collaboration with Things2do. Scheduled for the coming weekend, the two-day event promises over a hundred international flavours, more than ten live performances, and immersive entertainment zones. With renowned brands such as The Irish House, Tim Hortons, and Toscano participating, visitors can indulge in global cuisines, comfort classics, and street favourites. A dedicated Kids Zone with interactive games and activities ensures fun for all age groups.Read more