Assotech Realty Partners with Atmosphere Core for Hospitality Project in Shirdi

Assotech Realty Partners with Atmosphere Core for Hospitality Project in Shirdi

By Manu Vardhan Kannan

Published on March 14, 2026

Assotech Realty, based in Delhi, has announced a strategic partnership with Atmosphere Core to develop a new hospitality project in Shirdi, Maharashtra. Under the collaboration, Atmosphere Core will operate and manage Assotech’s upcoming all-suite property in the temple town.

Atmosphere Core is an international hospitality company known for its nine private island resorts in the Maldives and an expanding development pipeline across India, Sri Lanka, Nepal and Bhutan. The group also has a heritage hotel project set to open in Italy.

Assotech Realty, promoted by Mr Neeraj Gulati, plans to invest around INR 200 crore to develop the project. The property will feature 160 suites, each measuring approximately 45 square metres, offering spacious accommodation designed for pilgrims, leisure travellers, and destination visitors arriving in Shirdi.

The agreement between Assotech Realty and Atmosphere Core highlights the growing transformation of temple towns into structured tourism destinations supported by modern infrastructure and professionally managed hospitality facilities.

Shirdi, one of India’s most visited pilgrimage centres, attracts nearly 25 million devotees every year. With improved road connectivity, airport access, and regional infrastructure development, the town is gradually evolving into a more organised tourism destination where spiritual travel is increasingly complemented by leisure and wellness experiences.

The upcoming project aims to align with this evolving landscape by offering travellers a comfortable stay experience that blends modern hospitality with the spiritual and cultural atmosphere of the region. The development is also expected to appeal to NRI and HNI travellers who often look for larger accommodations and international-standard hospitality while visiting pilgrimage destinations.

Commenting on the partnership, Mr Neeraj Gulati, MD, Assotech Realty, stated, “Shirdi has always held immense spiritual significance. However, what we are witnessing today is the beginning of a broader urban evolution. Infrastructure development, improved connectivity and rising domestic tourism are collectively shaping the town into a well-rounded travel destination. Our collaboration with Atmosphere Core reflects our belief that spiritual destinations deserve thoughtfully designed hospitality experiences that respect their cultural essence while meeting modern traveller expectations. This project is not merely about adding rooms to the city’s inventory; it is about contributing to Shirdi’s next phase of growth as a holistic tourism hub that supports pilgrims, families and experiential travellers.”

Mr Gulati further added, “We are developing an all-suite property with comfortable accommodations to meet the demand of new-generation devotees. Particularly, millions of NRI and HNI, including devotees, prefer extended stays and properties with all-suite luxury accommodations. Through such projects, one of many that Assotech plans to develop throughout India across major pilgrimage destinations as well as business and leisure destinations.”

Mr Salil Panigrahi, Co-founder and Managing Director, Atmosphere Core, also shared his thoughts on the collaboration. He said, “India’s spiritual tourism sector is entering a new phase where destinations like Shirdi are witnessing more structured tourism demand alongside devotional travel. Travellers today expect comfort, curated experiences and globally benchmarked service even when visiting pilgrimage centres. Our collaboration with Assotech allows us to bring our hospitality expertise to a location that sees year-round demand and immense cultural significance. The project is envisioned as a welcoming retreat that blends warm hospitality with the serenity associated with Shirdi, while also contributing to the town’s growing reputation as a destination that offers both spiritual depth and contemporary travel experiences.”

With temple tourism gaining renewed attention across India, developments like this are expected to support local economies, generate employment, and improve the overall visitor experience.

The project will also contribute to Shirdi’s expanding urban landscape by introducing a modern hospitality destination that complements the town’s growing infrastructure and tourism ecosystem.


Manglam Group to Invest ₹350 Crore in Sheraton Hotel on Jaipur–Ajmer Highway

Manglam Group to Invest ₹350 Crore in Sheraton Hotel on Jaipur–Ajmer Highway

By Manu Vardhan Kannan

Published on June 25, 2026

Manglam Group, one of Rajasthan's leading real estate developers, has announced the signing of a Sheraton Hotel with Marriott International in Jaipur. The upcoming project will feature 220 keys and is being developed with an investment of approximately ₹350 crore across more than 3 lakh sq. ft. on the Jaipur–Ajmer Highway.

The development marks Manglam Group's third collaboration with Marriott International and is part of the company's broader ₹1,000 crore hospitality investment roadmap aimed at strengthening its presence in Rajasthan's growing tourism and hospitality sector.

The agreement was signed by Amrita Gupta, Director of Manglam Group and CEO of Manglam Spa and Resorts, and Rajeev Menon, President, Asia Pacific (excluding Greater China), Marriott International. The signing ceremony was attended by David Marriott, Chairman of the Board, Marriott International, and N. K. Gupta, Founder and Chairman of Manglam Group.

David Marriott visited Jaipur along with senior members of Marriott's global and regional leadership teams. The delegation was welcomed with a specially curated programme showcasing Rajasthan's rich culture and heritage through traditional performances and artisan displays.

Strategically located on the Jaipur–Ajmer Highway (NH-48), the hotel will benefit from strong connectivity to Ajmer, Pushkar, Kishangarh and Jaipur International Airport. The location is also close to Mahindra World City SEZ, a major business and industrial hub that continues to drive corporate travel and MICE demand in the region. With increasing residential and commercial development along the corridor, Ajmer Road is emerging as a key destination for premium hospitality projects.

The Sheraton Hotel is being designed as a luxury hospitality destination that blends premium accommodation with contemporary guest experiences. Inspired by Jaipur's vibrant culture, artistic traditions and heritage, the property will feature thoughtfully designed interiors and experiences that celebrate Rajasthan while maintaining Sheraton's globally recognised standards of hospitality.

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Sharing her thoughts on the project, Amrita Gupta, Director of Manglam Group and CEO of Manglam Spa and Resorts, said, “Jaipur is no longer simply a place the world visits. It is becoming the place the world chooses for its most important moments, from weddings to business. At Manglam, our vision has always been to create hospitality that carries the soul of Rajasthan onto a global stage, and the Sheraton Hotel sits at the very heart of that ambition. Sheraton is a name families across India have trusted with their biggest celebrations for generations, and to bring it to Ajmer Road is to offer that legacy in the heart of the country’s wedding capital. Through this hotel, we hope to do far more than host guests. We want to carry Jaipur’s culture, craft and warmth to the world, and to place this city firmly on the global map for celebration, leisure and business alike.”

Speaking on the partnership, David Marriott, Chairman of the Board, Marriott International, said, "My grandparents founded Marriott on the belief that taking care of associates leads to better guest experiences, and ultimately long-term success. Over the years, we have also learned that meaningful growth is built on strong partnerships and shared values. We are pleased to collaborate with Manglam Group on Sheraton Hotel and look forward to bringing together Sheraton's globally recognised hospitality standards and Manglam's vision for creating exceptional hospitality experiences in Rajasthan."

The addition of Sheraton further strengthens Manglam Group's hospitality portfolio in Jaipur. Along with Westin Jaipur on Delhi Road and Fern by Marriott in Jagatpura, the new hotel reinforces the Group's strategy of establishing a presence across Jaipur's major growth corridors while supporting the city's position as a preferred destination for weddings, leisure travel, business tourism and large-scale events.


NIFCO India Chooses Inspira City for Its Fourth Manufacturing Facility

NIFCO India Chooses Inspira City for Its Fourth Manufacturing Facility

By Manu Vardhan Kannan

Published on June 24, 2026

Inspira Realty, a real estate development company under Inspira Global, has announced the addition of NIFCO India Pvt. Ltd. to its flagship industrial and warehousing development, Inspira City, located in Shendra MIDC, Chhatrapati Sambhaji Nagar.

As part of the agreement, NIFCO India has secured a long-term lease for an industrial plot measuring 2,23,561 sq. ft. The site will house the company's fourth manufacturing facility in India, strengthening its production network and supporting future growth plans in the country.

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Headquartered in Japan, NIFCO Inc. is a globally recognised manufacturer of plastic fasteners, clips and functional components for the automotive industry, with operations in more than 30 countries. In India, the company serves as a key Tier-1 supplier to leading automotive OEMs. The new plant is expected to enhance its manufacturing capabilities and help meet the growing requirements of India's expanding automotive sector.

The development is also a significant milestone for Inspira City, with NIFCO becoming the third Japanese company to establish operations within the industrial park. The addition follows the presence of NHK Springs Co. Ltd. and Aisin Automotive India Pvt. Ltd., further strengthening the park's reputation as a preferred destination for global manufacturers.

Aayush Madhusudan Agrawal, Founder & Managing Director, Inspira Global, said, "NIFCO's decision to establish its fourth India facility at Inspira City is a strong endorsement of the infrastructure and ecosystem we are building. Beyond the transaction itself, we are particularly encouraged by the growing interest from Japanese manufacturers, who are among the world's most demanding industrial occupiers. Their presence validates our vision of creating a globally competitive manufacturing destination in the heart of Maharashtra."

Uday Shankar, MD, NIFCO India, said, "India continues to be a strategically important market for NIFCO, driven by the sustained growth of the automotive sector and evolving customer requirements. The establishment of our fourth manufacturing facility reflects our commitment to strengthening local production capabilities and supporting our OEM partners more effectively. Inspira City's infrastructure readiness, strategic location, and connectivity made it a compelling choice for our next phase of expansion in India."

The latest agreement adds to a growing list of investments at Inspira City, which continues to attract both domestic and international companies from sectors including automotive, engineering, logistics and allied industries. With several land parcels currently under discussion, Inspira Realty remains focused on supporting Maharashtra's growth as a leading industrial and manufacturing investment destination.


Amritara Hotels Expands Presence in Varanasi with Launch of Amritara The Samagam

Amritara Hotels Expands Presence in Varanasi with Launch of Amritara The Samagam

By Manu Vardhan Kannan

Published on June 23, 2026

Amritara Hotels has strengthened its presence in Varanasi with the launch of Amritara The Samagam, a riverside retreat located at the confluence of the Ganga and Gomti rivers. The property marks the group's second hotel in the destination and reflects its continued focus on offering deeper and more meaningful travel experiences within culturally significant locations.

Situated in Kaithi village, around 35 kilometres east of Varanasi city, the retreat is surrounded by one of the region's oldest sacred landscapes. The area is home to the historic Markandey Mahadev Temple, a revered Shiva shrine that has stood on the riverbank for centuries.

Offering a quieter alternative to the bustling ghats of Varanasi, the property allows guests to experience evening aarti ceremonies in a more peaceful setting. The surrounding landscape is also known for its natural beauty, with freshwater dolphins occasionally visible in the river and serene riverside walks that offer a close connection with nature.

The launch reflects Amritara Hotels' decision to deepen its presence in Varanasi rather than expand into a new destination. The company believes that the future of hospitality lies in understanding and interpreting destinations with strong cultural and spiritual significance rather than simply increasing geographic reach.

Amritara's first property in the city, Amritara Suryauday Haveli, offers guests an experience immersed in the vibrant energy of Kashi, with its ghats, rituals, and spiritual traditions. In contrast, Amritara The Samagam has been designed for travellers seeking a slower and more reflective journey.

Guests at the new retreat can explore lesser-known spiritual experiences, including aarti ceremonies at the Markandey Mahadev Temple, boat rides along the confluence of the Ganga and Gomti rivers, and opportunities to discover the region's rich natural surroundings.

Together, Amritara Suryauday Haveli and Amritara The Samagam offer visitors two distinct perspectives of Varanasi, one rooted in the energy and devotion of the ancient city, and the other in the tranquillity and spiritual depth of its surrounding countryside.

With this addition, Amritara Hotels continues to strengthen its portfolio of experiential stays while catering to travellers seeking authentic cultural, spiritual, and nature-based experiences.

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