Croma, the electronics and consumer durables retail arm of Infiniti Retail Ltd under the Tata Group, has expanded its retail network with the opening of a new outlet in Tambaram West, Chennai. This becomes the brand's 22nd store in the city and 38th in Tamil Nadu. With increasing demand for premium electronics in the region, the move reinforces Croma's commitment to strengthening its presence in high-growth urban pockets. The newly launched store spans 6,540 sq ft and is part of the RR Shopping Complex on Mudichur Road.Read more

Retail space leasing activity across eight major Indian cities witnessed a 6% year-on-year decline in the April to June quarter, clocking 2.24 million sq. ft. as per Cushman & Wakefield. While high-street locations led with 55% of the share, shopping malls contributed 45%. Cities like Ahmedabad, Bengaluru, and Delhi-NCR recorded steep drops, while Mumbai, Pune, and Chennai showed notable growth. The vacancy in premium malls is easing, and a robust pipeline of around 4 million sq. ft. of Grade A retail space is expected to enter the market in the second half of the year.Read more

Nexus Seawoods Mall in Navi Mumbai has announced the debut edition of the Art of Happyness Utsav 2025, a four-day cultural event curated in collaboration with EkiBeki. Set to take place from July 25 to 28, the celebration will feature over 25 stalls by rural and tribal women artisans, interactive tribal art workshops, and a live painting of a 24-foot chandelier by artist Dhanya Namboothiri. The chandelier will later be installed in the mall atrium as a life-sized art piece in August.Read more

Brigade Hotel Ventures Ltd, a subsidiary of Brigade Enterprises Ltd, raised INR 325 crore from 17 anchor investors just before its IPO opened for public subscription. The price band for the IPO has been set between INR 85 and INR 90 per share, with the offering expected to raise INR 759.6 crore entirely through a fresh issue. The proceeds will primarily be used to reduce debt, purchase land from the parent company, and fund strategic growth. The company operates nine hotels across South India and GIFT City under brands like Marriott, Accor, and IHG.Read more

ITC Hotels Ltd has opened a new property in Prayagraj under its Welcomhotel brand, adding to its expanding portfolio in Uttar Pradesh. The newly launched 60-key hotel brings the company's total footprint in the state to seven operational properties, with six more under development. In a parallel development, TACC Ltd and the National Council for Cement and Building Materials (NCB) have formalised a partnership to innovate in next-generation construction materials using graphene-based additives.Read more

Oberoi Realty, as part of a consortium, has acquired Hotel Horizon for INR 919 crore through an insolvency resolution process. The acquisition involves a 7,502.49 sq meter sea-facing land parcel on Juhu Tara Road, Mumbai, slated for a retail-cum-hotel project. The payment settles all dues, including CIRP costs, for Hotel Horizon, incorporated in 2004. This acquisition marks a step in the insolvency resolution of the property and its planned redevelopment in Mumbai's prime real estate market.Read more

Prayagraj is set to witness the implementation of Uttar Pradesh's overhauled Bed & Breakfast (B&B) and Homestay Policy 2025, aiming to establish approximately 800 new registered homestay-cum-B&B units in the city. The initiative, overseen by the state's tourism department, intends to enhance accommodation infrastructure, especially around religious and tourist hotspots. It replaces the earlier paying guest model with a formalised framework that mandates safety features, owner occupancy, limited room capacity, and cultural engagement. The registration process is being eased for interested residents, with nominal registration fees, NOC-based approvals, and structured classification into Silver and Gold categories. The policy also carries wider implications for employment generation, women empowerment, and tourism-led economic growth in the region.Read more

Home interiors brand HomeLane has launched a new experience studio on 100ft Road, Gandhipuram, marking its twelfth store in Tamil Nadu. The Coimbatore studio enhances the company's presence in a key South Indian market, offering tech-driven home interior solutions with a 45-day delivery guarantee. Inaugurated by political figures K. Annamalai and Vanathi Srinivasan, the studio provides services such as AI-powered 3D visualisation, flat pricing, and project management support.Read more

Fairmont Hotels & Resorts, in collaboration with Keystone Resorts Pvt. Ltd., has opened the Fairmont Udaipur Palace in the Aravalli Hills. Spanning 18 acres, the property includes 327 rooms, eight culinary destinations, seven event venues, a wellness sanctuary, and detailed Rajasthani craftsmanship. The palace pays homage to Rajasthan's cultural legacy through architecture, rituals, and art, while offering immersive stays and curated experiences for weddings, wellness, and leisure. This launch marks a significant addition to Fairmont's presence in India and redefines luxury hospitality in Udaipur.Read more

Electric vehicle major Tesla is set to make its formal foray into the Indian market with the launch of its first experience centre at Bandra Kurla Complex, Mumbai. The event, positioned as the "launch of Tesla in India", will mark the company's official entry into the country. Tesla has already leased warehouse space in Mumbai and shipped its first set of Model Y rear-wheel drive SUVs from China. However, its push into the Indian market comes despite unresolved concerns over import tariffs and the absence of any local manufacturing plans.Read more