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By Mr. Gaurav Shetty, Managing Director, MRG Group
Published on April 18, 2025
India’s urban landscape is evolving at an unprecedented pace, and at the heart of this transformation is the rise of smart mixed-use developments. These integrated communities seamlessly blend residential, commercial, retail, hospitality, and entertainment spaces into a single, self-sufficient ecosystem.
As metropolitan areas continue to grapple with challenges like traffic congestion, pollution, and overstretched infrastructure, the demand for well-planned, all-inclusive townships is soaring. No longer just about luxury, these developments offer efficiency, convenience, and a modern urban lifestyle that aligns with India’s rapid economic and technological growth.
This shift is not merely a real estate trend - it represents the future of urban living.
Why Mixed-Use Townships are gaining popularity
1. The ‘15-Minute City’ Becomes a Reality
The 15-minute city is an urban planning concept that ensures all essential services - workplaces, schools, healthcare, shopping, and hotels - are accessible within a 15-minute commute.
Smart mixed-use developments bring this vision to life by reducing travel time, cutting down pollution, and enhancing the quality of life for residents. With everything within walking distance or a short commute, these townships minimize reliance on personal vehicles, making cities more liveable and sustainable.
2. A Magnet for Investors
For real estate investors, mixed-use developments have emerged as highly lucrative assets. These townships drive higher rental yields, faster property appreciation, and stable long-term value.
Cities like Bangalore, Hyderabad, Pune, Chennai, and Mangalore are witnessing surging demand for integrated communities. The reason? A well-balanced mix of residential, commercial, and retail spaces enhances property value, making it a future-proof investment.
Additionally, businesses are increasingly choosing these hubs for office spaces due to their proximity to skilled talent, strong infrastructure, and premium facilities.
3. Changing Lifestyles in a Post-Pandemic World
The pandemic accelerated the need for self-sufficient communities where safety, convenience, and accessibility are paramount. With work-from-home and hybrid models becoming the norm, professionals now prioritize live-work-play environments that minimize daily hassles.
Mixed-use townships cater perfectly to this shift with:
· In-house workspaces and co-working zones
· Wellness and fitness centers for a healthier lifestyle
· Retail, dining, and entertainment hubs within walking distance
· Green spaces and open areas for relaxation
For millennials, NRIs, and digital entrepreneurs, such developments offer the perfect balance of comfort and connectivity.
Goldfinch City: A Benchmark for Smart Townships
Leading the charge in this transformation is MRG Group’s Goldfinch City in Mangalore, a ground-breaking mixed-use development designed to set new benchmarks in urban living.
What Makes Goldfinch City Unique?
· Premium Residences with high-end amenities
· IT Parks & Commercial Spaces attracting top businesses and Start-ups
· A High-End Retail Mall featuring global brands and entertainment zones
· Hotels, Fine Dining & Leisure Spaces offering a range of lifestyle experiences
· A State-of-the-Art Convention Centre & Sports Arena for global events
· Advanced Healthcare & Education Institutions ensuring a world-class living experience
"We are not just building spaces; we are designing smart, well-planned ecosystems that define the future of Indian real estate," says Mr. Gaurav Shetty, Managing Director, MRG Group.
With its future-ready infrastructure, strategic location, and cutting-edge amenities, Goldfinch City is redefining the concept of urban townships in India.
The Future of Urban Real Estate in India
As India moves forward with its Smart City Mission, mixed-use developments are becoming the backbone of modern urbanization. These communities are not just residential spaces, they are evolving into economic and social hubs, offering everything from employment opportunities to premium lifestyle experiences.
With MRG Group’s visionary projects, the future of Indian real estate is looking more connected, convenient, and community-driven than ever before.
Are mixed-use developments the new gold standard in real estate?
The answer is clear - they are here to stay.
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By Hariharan U
Published on September 8, 2025
The recent GST reforms announced at the 56th GST Council meeting are set to reshape India’s travel and tourism industry, placing travel agents at the intersection of new opportunities and emerging challenges.
For hotel accommodation priced up to ₹7,500 per day, the GST rate has been reduced from 12% with input tax credit (ITC) to 5% without ITC. While this makes travel more affordable for consumers, travel agents lose ITC benefits, potentially compressing margins.
In non-economy class air travel, the GST rate has increased from 12% with ITC to 18% with ITC. This change raises fares for business travelers but ensures agencies serving corporate clients can still claim full ITC, aiding cash flow management.
One of the most significant developments is the amendment of Section 13(8)(b) of the IGST Act, which now allows services provided by travel agents and tour operators to foreign clients to qualify as exports. This recognition enables agencies to avail zero-rated benefits under GST, including refunds of input tax credit, while also strengthening their global competitiveness.
The motor vehicle transport sector has also seen changes. The GST rate remains at 5% without ITC, but for those opting for full ITC, it has risen from 12% to 18%, requiring agencies to evaluate their business models carefully.
Commenting on the reforms, Jyoti Mayal, chairperson of the Tourism and Hospitality Skill Council, said,“The latest GST reforms bring both relief and responsibility for travel agents. On one hand, reduced hotel tariffs will stimulate demand in the domestic tourism segment. On the other, the removal of ITC in this category will require agents to realign their pricing strategies. Most importantly, the recognition of intermediary services as exports is a game-changer, unlocking opportunities for Indian travel businesses to expand their global footprint while enjoying the benefits of zero-rated taxation. Luxury travel is as important and needs to be promoted more, as the returns are higher, spends are higher, and it is exclusive. India needs to focus on inbound luxury tourism to stay competitive with neighbouring countries”.
As the sector adapts, the focus will be on balancing affordability with sustainable business models, ensuring Indian travel agents remain competitive in both domestic and international markets.
By Manu Vardhan Kannan
Published on September 7, 2025
Diageo India (United Spirits Ltd.), one of the country’s leading alcobev companies, has signed a Memorandum of Understanding (MoU) with the Tourism and Hospitality Skill Council (THSC) to train 300 students under its flagship ‘Learning for Life’ programme. The signing ceremony was attended by Praveen Someshwar, MD & CEO, Diageo India; Rajan Bahadur, CEO, THSC; Mr. Navdeep Singh Mehram, Vice President – CSR & Sustainability, Diageo India; and Mr. Vaibhav Verma, Vice President – Industry Engagement, THSC.
This initiative reflects Diageo India’s continued commitment to creating a diverse, skilled, and future-ready workforce, in line with its Spirit of Progress ESG action plan.
The classroom-based training programme will be held at THSC-affiliated centres in Bengaluru and delivered by certified trainers and assessors. Designed as a short-term skilling programme for unemployed and underprivileged youth, it is aligned with the National Skill Qualification Framework (NSQF). The curriculum will cover technical training, communication, digital literacy, and soft skills, preparing candidates for roles in the hospitality, business, and service industries. Upon completion, participants will undergo assessment and certification by THSC, providing credibility and industry recognition.
With its strong network of over 750 industry partners, THSC will facilitate placements and apprenticeships for successful candidates, enabling them to secure employment in hotels, restaurants, quick-service chains, and allied services.
Praveen Someshwar, MD & CEO of Diageo India, said: “The hospitality sector is a vital engine of growth and opportunity. Through ‘Learning for Life’ and with the Tourism and Hospitality Skill Council, we are empowering young talent with the skills and confidence to thrive, building not just careers, but a more inclusive India.”
Rajan Bahadur, CEO of THSC, added: “We are proud to partner with Diageo India on the ‘Learning for Life’ initiative, which aligns closely with our mission to skill and empower youth for meaningful careers. The hospitality sector continues to be one of the largest job creators, and this programme will provide participants with practical skills, exposure to industry standards, and a pathway to sustainable employment.”
Launched in 2020, Diageo India’s ‘Learning for Life’ programme has already impacted the lives of over 6,500 students. By providing equal access to training and resources, the programme helps boost employability, improve livelihoods, and strengthen the hospitality sector with a more inclusive and skilled workforce.
Luxury travel in India is set to become more expensive as the GST Council raises taxes on private jets, yachts, and premium airfares under its revised GST 2.0 framework. Effective September 22, aircraft for personal use, typically private jets and helicopters operated outside scheduled commercial services, will now attract a flat 40 percent GST, up from the earlier 28 percent GST plus a 3 percent compensation cess.
Yachts and other pleasure vessels will also fall under the 40 percent GST slab, closing a long-standing gap in the taxation of luxury assets. This marks a significant increase in acquisition and import costs for charter operators and ultra-high-net-worth individuals.
Non-economy class air tickets will see an increase from the earlier 12 percent GST to 18 percent, with airlines expected to pass on the added cost to passengers. Business and first-class travelers will experience a noticeable rise in fares amid strong demand for premium travel.
The GST Council’s revised structure underscores a clear policy message: discretionary flying and sailing are now subject to higher tax burdens, while services such as drones, simulators, and freight operations move to lower GST slabs. Luxury enthusiasts and operators of high-end travel assets should prepare for increased costs as these changes come into effect.
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