Mahindra's INR 800 Crore Venture for Luxury Resorts in Tamil Nadu

Mahindra's INR 800 Crore Venture for Luxury Resorts in Tamil Nadu

By Author

Published on January 21, 2024

Mahindra Holidays & Resorts India Limited (MHRIL), a leader in vacation ownership and leisure hospitality, has announced a significant investment of INR 800 crores for the development of three greenfield resorts in Tamil Nadu. This strategic move, over the next five to six years, represents the company's second-largest investment following last year's INR 1,000 crore infusion in Uttarakhand.

Expanding Tourism and Economic Development

This new venture, facilitated by a Memorandum of Understanding (MoU) with the Government of Tamil Nadu, is set to make a substantial impact on tourism and the state's economy. The collaboration aims to boost Tamilnadu tourism landscape, providing new employment opportunities for over 1500 people and contributing to the region's economic prosperity.

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Club Mahindra's Growing Southeast Asia Portfolio

In conjunction with this investment, Club Mahindra, MHRIL's hospitality brand, is extending its footprint in Southeast Asia. The brand now offers access to premier accommodations at luxurious resorts in Vietnam and the exotic Ayodya Resort in Bali. With these partnerships, Club Mahindra's portfolio now includes over 12 resorts in Southeast Asia and more than 60 destinations globally.

Strengthening Presence in Tamil Nadu

The investment in Tamil Nadu underscores MHRIL's commitment to offering magical holiday experiences. Club Mahindra already operates resorts in Ooty and Kodaikanal, and this expansion further cements its presence in the state. MHRIL's network spans more than 125 resorts across India and abroad, serving a vast member base of 2,90,000 families.

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Commitment to Sustainability

In line with MHRIL’s sustainability objectives, the new resorts in Tamil Nadu will focus on achieving Net Zero Energy, Water & Waste, aiming for carbon neutrality by 2040. This initiative aligns with the company's dedication to sustainable tourism, setting new standards in environmentally conscious resort development.

MHRIL's strategic investment in Tamil Nadu marks a significant step in the company's growth and expansion strategy, reinforcing its position as a key player in India's tourism and hospitality sector.


Introducing Saif Ali Khan & Kareena Kapoor Khan as TREVOC Brand Ambassadors

Introducing Saif Ali Khan & Kareena Kapoor Khan as TREVOC Brand Ambassadors

By Nithyakala Neelakandan

Published on April 10, 2024

TREVOC, a prominent name in Gurugram's luxury real estate scene, has achieved a significant milestone by announcing Bollywood icons Saif Ali Khan and Kareena Kapoor Khan as their brand ambassadors. This strategic move solidifies TREVOC's reputation for blending heritage with opulence.

The collaboration with Saif Ali Khan and Kareena Kapoor Khan, renowned for their association with legacy and luxury, aims to reinforce TREVOC's position as the ultimate choice for those seeking sophistication and comfort in their homes. By aligning with these esteemed personalities, TREVOC underscores its commitment to offering innovative designs, cutting-edge amenities, and sustainable living solutions, reshaping the landscape of luxury real estate.

Gurpal Singh Chawla, Managing Director at TREVOC, expressed excitement about the partnership, stating, "We are thrilled to welcome Saif Ali Khan and Kareena Kapoor Khan to the TREVOC family. Their iconic status and shared values resonate deeply with our brand ethos of blending legacy with luxury. With their association, we aim to elevate the living experience and continue our legacy of excellence in the real estate domain."

Sehaj Chawla, Managing Director at TREVOC, echoed this sentiment, emphasizing the brand's commitment to crafting unique projects that epitomize luxury and comfort. He stated, "Collaborating with celebrities has not only reinforced our vision but also broadened our reach to a wider audience seeking luxury developments. Both Saif Ali Khan and Kareena Kapoor Khan exemplify luxury and align perfectly with our Group's vision."

TREVOC, guided by the principles of 'Imagine, Innovate, and Inspire,' stands at the forefront of redefining high-end residential infrastructure. With a legacy spanning over 75 years, the brand remains dedicated to integrating upscale amenities into its luxury projects, enhancing residents' lifestyles. Focused on prime locations such as Golf Course Road, Southern Peripheral Road, and Dwarka Expressway, TREVOC continues to set new standards in the sector, offering unparalleled quality and sophistication.


India ITME Society Launches Multicultural Facility Center in Mumbai

India ITME Society Launches Multicultural Facility Center in Mumbai

By Nishang Narayan

Published on April 10, 2024

India International Textile Machinery Exhibitions Society (India ITME Society), a non-profit organisation, has announced the launch of its Multicultural Facility Center in Mumbai. This facility centre represents a significant milestone in ITME's commitment to creating inclusive spaces where people from all backgrounds can come together to share their traditions, stories, and experiences.

The Multicultural Center, inaugurated by eminent Bollywood actress Ms. Smita Jayakar, accompanied by Mr. Darasing Khurana (Mr. India International 2017) and stand-up comedian Mr. Rohan Gujral, is envisioned as a hub for cultural appreciation and understanding. It will serve as a vibrant venue for a wide range of activities and initiatives aimed at promoting multiculturalism.

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Ms. Seema Srivastava, Executive Director of ITME, expressed her excitement about opening the doors of the centre to the community, welcoming individuals and organisations to utilise the premises for their cultural and professional endeavours. She emphasised that by providing a dynamic space for both cultural and professional gatherings, ITME aims to contribute to the enrichment of the local community and foster meaningful connections among diverse groups of people.

Equipped with state-of-the-art facilities and customizable layouts, the ITME premises offer a seamless experience for event organisers and attendees alike. Whether hosting an intimate gathering or a large-scale event, organisers can leverage ITME's resources to bring their vision to life.

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Ms. Smita Jayakar, a veteran actress, expressed her enthusiasm for the ITME centre, stating that it would bring an extra sparkle to South Mumbai. She highlighted the centre's potential to create a more supportive ambiance for art, culture, theatrical showcases, workshops, book launches, and other cultural events in this dynamic part of Mumbai.

During the launch event, notable authors including Mr. Gopinath Chandra Das, Dr. Shefali Batra, and Ms. Mukta Wankhede showcased their books, further enriching the cultural atmosphere of the occasion.

Established in 1980, India ITME Society is a non-profit apex industry body dedicated to supporting and serving the Textile Engineering Industry through exhibitions, events, trade promotion services, education scholarships, student placements, consultancy, and more. The society plays a pivotal role in strengthening both the domestic and international Textile Industry by facilitating the exchange of knowledge, technology transfer, and encouraging foreign direct investments and joint ventures.


Indian Hospitality Sector Witnesses Surge in Investments, Records Significant Growth

Indian Hospitality Sector Witnesses Surge in Investments, Records Significant Growth

By Nishang Narayan

Published on April 4, 2024

In a positive turn of events for the Indian hospitality sector, investments surged to USD 401 million in FY23, marking a remarkable four-fold increase from the previous year. This notable growth, as reported by JLL, signals promising opportunities and a robust outlook for the industry.

The 'Hotel Investment Trends - India 2023' report by JLL unveiled encouraging trends and insights into the hospitality sector's performance. Notably, the sector witnessed a significant uptick in hotel transactions, with a record number of 22 transactions recorded, the highest in a decade. Furthermore, three hotel companies made their debut on the stock market through IPOs, indicating growing investor interest and confidence in the sector.

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High net worth individuals (HNIs) and institutional capital emerged as major contributors to hotel investments, accounting for 73% of the total investments. Real estate developers also played a significant role, constituting 27% of investments, followed by owner-operators at 11%.

One of the noteworthy findings of the report was the increasing focus on Tier-2 cities for hotel development activities, which accounted for 54% of total signings. This shift underscores the expanding opportunities and untapped potential in non-metro areas, reflecting a broader trend of decentralisation and diversification within the hospitality sector.

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Overall, the hospitality sector's performance in FY23 reflects resilience, adaptability, and a promising trajectory of growth. With record hotel signings, openings, and a surge in investments, the industry is poised for continued expansion and success in the coming years.

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