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By Nishang Narayan
Published on July 14, 2024
The 2024 Grohe-Hurun India Real Estate 100 report has placed Indian Hotels Company Limited (IHCL), a Tata Group company, as the third most valuable real estate company in India. With a valuation of INR 79,150 crore, IHCL has seen a remarkable 43% growth in its market valuation over the past year. This report also highlights the hospitality real estate sector as the third dominant sector, following residential and office spaces, with a valuation of INR 158,870 crore.
IHCL, known for its iconic Taj Group of Hotels, stands out as the most valuable hospitality company in India. Another notable mention is Taj GVK, a subsidiary of IHCL, which ranks 74th with a valuation of INR 2,050 crore.
Top Players in the Real Estate Sector
DLF leads the 2024 Grohe-Hurun India Real Estate 100 list with a valuation of INR 2 lakh crore, reflecting a 72% growth. DLF has ambitious plans to launch projects worth approximately INR 30,000 crore in the fiscal year 2025.
Macrotech Developers secured the second position with a current valuation of INR 1.4 lakh crore, marking a 160% increase from the previous year.
Other top companies in the 2024 list include Godrej Properties, Oberoi Realty, Prestige Estate Projects, Adani Realty, The Phoenix Mills, K Raheja Group, and Embassy Office Park.
A Golden Year for Indian Real Estate
The report describes 2024 as a golden year for the Indian real estate sector, with 86% of the top 100 companies experiencing a value increase. Collectively, these companies have added INR 6.2 lakh crore in additional valuation. The combined value of India's most valuable real estate companies is USD 171 billion (INR 14.2 lakh crore), surpassing the combined GDP of countries like Oman and Sri Lanka.
Geographic Distribution of Real Estate Giants
Out of the 100 companies listed, 72% are based in major Indian cities. Mumbai leads with 33 companies, followed by Bengaluru with 15, Delhi with 14, and Gurugram with 10.
Industry Insights
Priya Rustogi, Leader, India & Subcon, LWT IMEA, commented on the report: "Over the years, we have witnessed remarkable advancements within the Indian real estate sector, driven by visionary leaders who consistently push the boundaries of innovation and excellence. The latest rankings underscore the resilience and adaptability of these industry pioneers and their dedication to promote a sustainable and forward-thinking future for the sector. As we move forward, we are dedicated to supporting these leaders in their pursuits and are eager to see the continuous progress of the Indian real estate landscape."
Anas Rahman Junaid, Founder and Chief Researcher, Hurun India, stated: “The 2024 GROHE-Hurun India Real Estate 100 confirms our prediction of breakout of Indian real estate brands post-COVID. An impressive 86% of the companies in this year’s list saw their values increase, collectively adding INR 6.2 lakh crore, showcasing the robust growth and dynamic recovery of the sector."
Future Prospects
India’s real estate sector is experiencing a remarkable boom, driven by a rapidly growing middle class, robust economic expansion, and increasing investments. With the middle class projected to reach 547 million by 2030, residential sales are expected to grow 10-12% in FY 2024-25. Rising foreign investments of around USD 4 billion yearly are further catalyzing growth, positioning India as a key player in the global real estate market.
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By Hariharan U
Published on June 21, 2026
Papa Johns India marked Father’s Day with a unique and interactive celebration, hosting a special pizza-making experience for fathers and their children at its Hennur and Kasturi Nagar outlets in Bengaluru on June 21, 2026.
Designed to encourage meaningful family bonding, the event brought together registered father-child duos for a hands-on culinary session where participants created their own pizzas under the guidance of Papa Johns chefs. The initiative aimed to transform a traditional dining experience into an engaging activity centred around togetherness and shared memories.
During the event, participants wore branded aprons and caps while learning the art of pizza-making from scratch. The experience also featured Father’s Day-themed games, instant photography sessions, Polaroid keepsakes, and interactive activities designed to make the celebration memorable for families.
Commenting on the initiative, Prashant Mehta, Director of Papa Johns India, said the brand views Father’s Day as an opportunity to celebrate family connections and create meaningful experiences beyond dining. He noted that the event was designed to bring families together through teamwork, creativity, and shared moments in the kitchen.
The sessions concluded with pizza tasting, trivia activities, and group photographs, allowing participants to enjoy the creations they made together.
Through this experience-led activation, Papa Johns India continues to strengthen customer engagement while showcasing the craftsmanship, quality ingredients, and preparation techniques that define its pizzas. The initiative reflects the brand’s growing focus on creating memorable in-store experiences that connect customers with the food and the people they share it with.
Operated in India by PJP Foods India Private Limited under the Ambrosia QSR platform, Papa Johns India continues to expand its presence through dine-in, takeaway, and delivery formats while staying true to its global promise of “Better Ingredients. Better Pizza.”
By Manu Vardhan Kannan
Published on June 14, 2026
Summit Hotels & Resorts has started FY2026-27 on a strong note, reporting nearly 40% growth in business during April and May. The company attributes the performance to continued demand for leisure travel in the Eastern Himalayas and the growing preference among travellers for established regional hospitality brands.
During the first two months of the financial year, the hospitality group sold more than 37,000 room nights, with occupancy across its portfolio reaching 78.9%. Average room rates also crossed ₹6,000, highlighting stronger pricing power across several key destinations.
The growth comes despite a temporary slowdown in travel activity in parts of eastern India during the West Bengal Assembly election period. According to the company, destinations across Sikkim and the Darjeeling Hills were the strongest contributors to performance, supported by repeat guests and rising demand for premium mountain getaways.
Commenting on the performance, Sumit Mitruka, CEO, Summit Hotels & Resorts, said, "We entered the year expecting healthy demand, but the pace of bookings has been stronger than anticipated. What stands out is not just the occupancy but the ability of travellers to continue choosing these destinations despite temporary disruptions. The appetite for experiential leisure travel remains strong, and we are seeing that translate into both room revenue and higher spending within our hotels."
Alongside room revenues, the company also reported healthy growth in food and beverage sales during the period. Guest review scores remained among the highest across its operating markets, reflecting strong customer satisfaction levels.
Building on this momentum, Summit Hotels is now expanding its business model beyond its owned and managed properties in the Eastern Himalayas. The company is actively seeking partnerships with independent hotels, boutique resorts, heritage properties, wildlife lodges, and spiritual retreat destinations across India.
The initiative is designed for hotel owners looking to benefit from organised distribution channels and professional revenue management while retaining ownership and operational control of their properties.
Unlike conventional affiliation models that often require significant upfront investments, Summit's partnership approach focuses on shared growth. Partner properties can maintain their individual identity while gaining access to the company's central reservation system, revenue management expertise, digital marketing support, technology platforms, and hospitality manpower network.
Having completed 18 years in the hospitality industry, Summit believes significant opportunities exist within India's large independent hotel sector, where many properties have strong local appeal but limited access to organised brand support and distribution systems.
With booking momentum continuing into June and advance reservations already nearing last year's levels, the company remains optimistic about sustained demand across leisure and destination travel markets in the coming quarters.
Published on June 12, 2026
Suba Hotels Limited (NSE – SME: SUBAHOTELS) has announced its audited financial results for the year ended March 31, 2026, reporting its strongest-ever annual performance alongside significant expansion across its hotel portfolio.
The company’s total revenue rose to ₹115.89 crore in FY26, marking a 45% year-on-year growth. EBITDA increased by 13% to ₹26.82 crore, while Profit After Tax (PAT) stood at ₹18.01 crore, reflecting a 19% rise compared to FY25.
Commenting on the performance, Managing Director Mansur Mehta said FY26 has been a landmark year for the company, driven by strong execution and expansion across markets. Suba Hotels expanded its presence to over 102 operational hotels, 4,660+ keys, and 73 destinations during the year.
He highlighted that one of the company’s key strengths lies in its ability to operate across all five hospitality business models management contracts, revenue sharing, franchising, asset ownership, and hybrid structures, making Suba Hotels one of the few hospitality players in India with such a diversified operational framework.
“This flexibility allows us to partner with hotel owners effectively and accelerate expansion across segments,” he said.
CEO Mubeen Mehta noted that the scale achieved in FY26 reflects the strength of the company’s operating platform and execution capabilities. He added that revenue growth was supported by network expansion and improved business volumes across brands.
He also pointed out that EBITDA and PAT margins were impacted due to changes in the GST framework, which led to the loss of input tax credit benefits on certain operating expenses, increasing the overall cost base.
Looking ahead, the company plans to continue expanding through asset-light models, improving operational efficiency, and strengthening its presence in high-growth markets. With a strong pipeline and over 100 hotels already operational, Suba Hotels remains confident of sustaining its growth trajectory.
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