The BMC has proposed to demolish the 129-year-old Vikas Premises Cooperative society building in Fort, Mumbai, citing its dangerous condition. The structure houses the iconic Jimmy Boy restaurant. Residents, however, oppose the demolition, hoping for restoration. This comes after the Bombay High Court dismissed a resident petition in late 2023, prioritizing public safety. All 37 society members have vacated. While the BMC proceeds to appoint a contractor for demolition, the restaurant owner maintains that other avenues are being explored, highlighting the complexity of heritage building redevelopments.Read more

Manglam Group has partnered with The Fern Hotels & Resorts to launch a new 200+ key serviced apart'otel under the Fern Habitat brand in Jaipur. The property will be a part of Pinkwalk, Manglam's flagship mixed-use development in Jagatpura. Featuring a blend of hotel services and apartment-style living, the project aligns with Manglam's INR 1,000 crore investment plan to develop premium hospitality assets across Rajasthan and Goa.Read more

Manipal Hospitals is set to acquire Pune-based Sahyadri Hospitals from Ontario Teachers' Pension Plan Board, in a deal estimated at INR 6,200-6,400 crore. This acquisition adds 11 hospitals and 1,400 beds across Maharashtra, raising Manipal's total hospital count to 49 and its bed capacity to around 12,000-making it one of India's largest hospital networks. Backed by Temasek, Manipal aims to expand its footprint and healthcare services nationwide. Ontario Teachers' had acquired a majority stake in Sahyadri in 2022, investing INR 900 crore to scale the brand.Read more

Ventive Hospitality and Marriott International have signed management contracts for seven new hotels, comprising 1,548 rooms, across India and Sri Lanka. These hotels are expected to open in 4-5 years. The partnership marks brand debuts in locations like Sri Lanka, Varanasi, Pune, Navi Mumbai, and Mundra. This initiative will double Ventive's portfolio to over 4,000 keys, with initial capex of INR 700-750 crore for three properties. It supports Ventive's expansion in Central India and Marriott's growth strategy in a key global market.Read more

Sarovar Hotels has signed a new property in Gwalior, Madhya Pradesh, in collaboration with Prime Land Estates. The 100-key Sarovar Portico Gwalior hotel is scheduled to open in 2029. This marks a step in Sarovar Hotels' expansion in Central India, targeting growth in tourism and business travel. The project aims to combine modern amenities with regional heritage, contributing to the hospitality sector in Gwalior.Read more

The Retailers Association of India (RAI) convened the first Visakhapatnam Retail Summit at Novotel to highlight Andhra Pradesh's fast-evolving retail sector. The event gathered top industry leaders and brands such as Neeru's, CMR, Kankatala, and BigBasket to discuss profitability beyond metro markets, tech integration, and customer shifts in Tier-2 and Tier-3 cities. Speakers explored how Andhra's pro-business policies and rising consumer aspirations are transforming Visakhapatnam into a strategic retail hub. Key themes included localisation, digital access, and the balance between tradition and modernisation.Read more

Monsoon travel is gaining momentum among Gen Z and Millennials, with bookings up 46%, as young travellers embrace scenic getaways during the off-season, say industry experts. Thomas Cook and SOTC note rising interest in weekend breaks, spiritual circuits, and nature trails, especially from Tier II and III cities. Cleartrip's PeekABoo data shows 24-30-year-olds opting for 70-hour monsoon breaks over workweeks, with short hotel stays and longer flights becoming popular. Despite increased demand, hotel prices rose just 3%, and airfares 13%. Ixigo reports 25-30% growth in flight bookings to emerging destinations like Port Blair and Dehradun, spurred by pent-up demand, last-minute deals, and geopolitical concerns.Read more

OYO's European holiday home brand, DanCenter, plans to add 250 vacation homes in India this fiscal amid growing demand for premium getaways. After launching in Goa in February 2025, DanCenter added 50 homes in Q1 and aims to add 200 more by year-end. The portfolio includes luxury villas and serviced apartments across locations like Lonavala, Kufri, Ramgarh, Chennai, Jaipur, and more. New expansions are planned in Telangana and the North-East. Founded in Denmark in 1957 and acquired by OYO in 2019, DanCenter's Indian growth reflects its strategy to tap into the country's rising appetite for upscale, professionally managed vacation stays.Read more

Mahindra Holidays & Resorts, through its Finnish subsidiary Holiday Club Resorts Oy, has fully acquired Keskin in Kiinteistö Oy Salla Star (KKOSS) for INR 2.35 crore in an all-cash deal. The acquisition transitions Mahindra from a lessee to the outright owner of a holiday property in Märkäjärvi, Salla, Finland—previously leased since 2012 under a share purchase arrangement. KKOSS is now a wholly owned unit, with no related-party involvement. This move strengthens Mahindra's footprint in Europe's leisure market, particularly in the scenic Lapland region. The company now gains full control to upgrade or integrate the resort into its broader Holiday Club portfolio across Finland.Read more

Anant Raj Ltd is entering India's booming data centre space with a INR 18,000 crore ($2.1 billion) investment to build two new facilities in Haryana, targeting 300 MW total capacity by 2032. The move builds on its initial 2023 entry, when it began converting IT buildings into data centres. This expansion aligns with India's digital surge, as JLL predicts a 77% rise in national data centre capacity by 2028. Backed by state incentives like land and power support, Haryana is emerging as a hotspot for hyperscale and edge centres. Anant Raj aims to tap into growing demand driven by AI adoption and data localisation policies.Read more