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By Author
Published on January 18, 2024
We have carefully curated this newsletter to ensure it becomes your go-to resource for all things hospitality-related. Whether you are an industry professional, an avid traveller, or simply passionate about the art of hospitality, this newsletter will be your gateway to a world of inspiration, knowledge and unforgettable experiences.
Mumbai's recently inaugurated Mumbai Trans Harbour Link (MTHL), also known as 'Atal Setu', is not just India's longest sea bridge but a game-changer for Alibaug's real estate market. The 22 km-long bridge significantly shortens the travel time between Mumbai and Alibaug to about 45 minutes, making Alibaug a hot spot for investors looking for resort homes.
A Bridge to New Opportunities
The MTHL is redefining connectivity and accessibility, turning Alibaug into a prime investment location. Improved ferry services add to the ease of reaching this picturesque locale. The bridge, expected to reduce the commute from south Mumbai to Panvel (Raigad) from around 120 minutes to just 20, is not only a time-saver but also a boon for fuel cost savings, reducing pollution and CO2 hazards.
Alibaug's Rising Appeal
Alibaug, with its natural beauty, sandy beaches, and lush landscapes, has always been a beloved weekend destination for Mumbaikars. Now, with the MTHL, it's fast transforming into an attractive investment hub for resort homes.
Infrastructure Investments: The Maharashtra government's significant investments in Alibaug's infrastructure, as part of the Alibaug Smart City project, are enhancing the area's appeal. Projects improving public transportation, water supply, and waste management are anticipated to boost the standard of living and stimulate the real estate market growth.
Market Dynamics: A recent survey by Savills India indicates that 29 per cent of respondents are keen to invest in popular second-home destinations in Maharashtra, with Alibaug being a top choice. The survey also notes that properties in Maharashtra offer net yields of 4-6 per cent.
Investor Perspective: Dr Sachin Chopda, Managing Director of Pushpam Group, notes the positive response to their new resort home, Balibaug, in Alibaug. He credits the MTHL and other infrastructure projects in the Mumbai Metropolitan Region (MMR) for the increased demand. He predicts that second-home markets like Alibaug and Karjat could become primary home destinations in the next seven to ten years, thanks to these infrastructural transformations.
Alibaug's Evolving Landscape
The demand for second homes in Alibaug has surged in the last three years, further cementing its status as an ideal investment for holiday homes. The potential for rental management services, offering up to a projected 5 percent rental yield, adds to Alibaug's charm. The real estate market in Alibaug offers a range from economical apartments to luxurious villas, catering to varied budgets and preferences. The consistent rise in property prices marks Alibaug as a stable and less volatile investment option compared to other markets.
The MTHL's Impact
The MTHL, a challenging and significant project executed by the Mumbai Metropolitan Region Development Authority (MMRDA), is more than just a bridge; it's a catalyst for change, driving investments and transforming lifestyles. Its completion heralds a new era for Alibaug, positioning it as one of the most sought-after lifestyle destinations with upcoming hospitals, international schools, and enhanced RO-RO vessels and water taxi services.
In conclusion, the MTHL is not just connecting two geographical points; it's bridging the gap between urban hustle and serene, luxurious living, making Alibaug an irresistible destination for resort home investors.
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By Nithyakala Neelakandan
Published on September 3, 2024
Courtyard by Marriott Pune Chakan recently celebrated their 11th anniversary, marking over a decade of success and dedication to service. The hotel hosted a special event in September 2024 to commemorate this milestone, bringing together key partners and guests who have been instrumental in their journey.
The celebration was a reflection of the collaborative efforts that have driven the hotel’s success over the years. Guests enjoyed a relaxing evening filled with gourmet cuisine, live entertainment, and moments of recognition for the contributions that have shaped the hotel's growth and reputation.
As Courtyard by Marriott Pune Chakan looks ahead, the hotel remains committed to excellence and innovation in hospitality. This anniversary not only honors past achievements but also sets the stage for continued success in the future.
The hotel extends its gratitude to all who have been part of their journey and looks forward to many more years of partnership and growth.
By Nishang Narayan
Published on August 31, 2024
As The Machan celebrates thirty years of excellence in the hospitality industry, the renowned resort chain is set to embark on an exciting expansion plan. By 2025, The Machan will introduce five new properties in strategic locations across India, including Jaisalmer, Udaipur, and Jawai in Rajasthan, as well as Mulshi and Pawna near Lonavala in Maharashtra. These new destinations promise to deliver The Machan’s signature blend of luxury, sustainability, and immersive nature-focused experiences.
Rakshit Sharma, COO of The Machan, shared insights into the expansion, highlighting the unique appeal of Rajasthan and Maharashtra as premier destinations for weddings, MICE (Meetings, Incentives, Conferences, and Exhibitions), and leisure travel. "We are diligently developing both operational and marketing strategies to ensure the successful and timely launch of our upcoming properties in these locations. Our commitment to sustainability will further enhance the traveler's experience, providing an immersive and enriching journey that celebrates India's natural heritage," he said. Girish Menon, Head of Business Development, emphasized the importance of the Indian market for The Machan's growth strategy. "India represents a significant market for both business and leisure travelers, and establishing a strong presence here is a key objective for us. Our goal is to double our footprint by 2025, expanding our presence across Tier I, Tier II, and Tier III cities," he stated.
Rakshit Sharma, COO of The Machan, shared insights into the expansion, highlighting the unique appeal of Rajasthan and Maharashtra as premier destinations for weddings, MICE (Meetings, Incentives, Conferences, and Exhibitions), and leisure travel. "We are diligently developing both operational and marketing strategies to ensure the successful and timely launch of our upcoming properties in these locations. Our commitment to sustainability will further enhance the traveler's experience, providing an immersive and enriching journey that celebrates India's natural heritage," he said.
Girish Menon, Head of Business Development, emphasized the importance of the Indian market for The Machan's growth strategy. "India represents a significant market for both business and leisure travelers, and establishing a strong presence here is a key objective for us. Our goal is to double our footprint by 2025, expanding our presence across Tier I, Tier II, and Tier III cities," he stated.
The Machan Resorts LLP's expansion underscores its dedication to redefining experiential hospitality in western and northern India. Each new property is designed with a focus on comfort, sustainability, and providing guests with a deep connection to nature. This expansion is not just about increasing their footprint but also about introducing fresh ideas and innovative concepts that enhance the guest experience while staying true to their core values of environmental responsibility and community engagement.
For more details on The Machan’s expansion and updates, visit www.themachan.com and follow @machanresorts on Instagram.
Published on August 21, 2024
Galaxy Magnum Group, a leader in innovative real estate development, is set to transform Gurugram’s dining landscape with the upcoming launch of The Boulevard. This vibrant new venue promises to be the city’s premier culinary destination, featuring a curated selection of ten extraordinary restaurants, cafes, and bars, including establishments led by celebrity chefs Vicky Ratnani and Kunal Kapur.
The Boulevard is designed to cater to the refined tastes of Gurugram’s food lovers, offering a diverse range of culinary experiences. From contemporary Indian dishes to lively European flavors, and from artisanal coffee to handcrafted cocktails, this dynamic venue transitions effortlessly from a relaxed daytime retreat to a bustling nightlife hotspot, perfect for any occasion.
“Gurugram has been craving a space that offers a diverse yet refined culinary experience,” said Pranav Poddar, Founder of The Boulevard and Director of Galaxy Magnum Group. “The Boulevard is our answer to that desire. With the invaluable support of Mr. Amanpreet Banga, F&B Leasing Consultant, we have created a destination that not only satisfies the taste buds but also elevates the overall recreational experience. It’s a place where people can come together, socialize, and indulge in the best that the culinary world has to offer.”
In keeping with their commitment to innovation and excellence, The Boulevard will continuously evolve its offerings, introducing seasonal menus, unique dining concepts, and cutting-edge technology for enhanced customer engagement. Strategically located in the bustling Golf Course Extension area, The Boulevard is poised to become the epicenter of Gurugram’s culinary scene. This vibrant neighborhood, known for its mix of commercial and residential spaces, provides the ideal backdrop for a destination that promises to captivate food enthusiasts and redefine the city’s dining landscape with its exceptional ambiance, cuisine, and service.
About The Boulevard by Galaxy Magnum Group
The Boulevard at Magnum Global Park is not just an address; it’s a signature landmark meticulously designed to be a unique destination for food and beverage culture in Gurugram. With a focus on creating a space that celebrates life through a blend of fun, food, and recreation, The Boulevard is set to become a standout destination in Gurugram’s social scene. Whether it's the grand entrance, landscaped outdoors, cozy sit-outs, or alfresco areas, every aspect of The Boulevard is crafted to delight the senses.
About Galaxy Magnum Group
Galaxy Magnum Group is a pioneering force in modern real estate, dedicated to crafting groundbreaking projects that embody international standards and superior craftsmanship. With a strong focus on innovation, sustainability, and customer satisfaction, Galaxy Magnum consistently delivers value to all stakeholders. The group’s commitment to eco-friendly practices and responsible business ensures a positive impact on both the environment and the communities they serve.
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