Indian Branded Residences: A Lucrative Opportunity for International Business Growth

Indian Branded Residences: A Lucrative Opportunity for International Business Growth

By Nishang Narayan

Published on September 4, 2024

The global branded residences market is expanding at a notable pace of 12% annually, with its footprint extending across the USA, Thailand, UAE, Portugal, Greece, the UK, Brazil, Vietnam, and beyond. This surge is driven by a resurgence in luxury travel, an increasing desire to own lifestyle assets, and the perception of real estate as a safe haven. Factors like relocation and children’s education are also contributing to this growth. From the Waldorf Astoria in New York to the Standard Residence in Phuket and the Mayfair Park residence in London, branded residences are gracing affluent neighborhoods worldwide. India, too, has the potential to become one of the epicenters of branded residences.

According to a recent white paper by SKYE Hospitality, India could become an attractive destination for branded residences. While India already boasts a sizable supply of 2,900 units—accounting for approximately 10% of the global market supply—there is ample room for this niche, yet rapidly growing, luxury segment to flourish.

India has witnessed a significant increase in the number of affluent households. These modern HNIs (High Net Worth Individuals) and UHNIs (Ultra High Net Worth Individuals) are seeking exclusive spaces, top-tier amenities, and curated services, driving the demand for branded residences. A few years ago, features like in-home dining services, concierge services, exclusive wine cellars and cigar lounges, and wellness spas within residential projects seemed unimaginable. Today, thanks to branded homes, these offerings are gradually becoming mainstream.

Prominent brands, both within and outside of hospitality, have already ventured into this segment. Notable names include Yoo, Trump, Versace, IHCL, Leela, Four Seasons, Atmosphere Core, Marriott, and Oberoi.

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"Despite significant growth in branded residences in recent years, what we have observed is just the tip of the iceberg. India has tremendous untapped potential to capitalize on. Average HNI Indians are spending generously on aspirational lifestyles, which will unravel a big market for branded residences. Interestingly, the trend will no longer be limited to big metros but will also percolate to tourist destinations and Tier-2 cities," said Mr. Ankit Kansal, MD of SKYE Hospitality.

In addition to strong demand driven by the rise in affluent households, India also offers a significant cost advantage. According to SKYE's study, average prices for branded residences in London, Miami, and New York are approximately ₹39.5 crores, ₹20.3 crores, and ₹60.2 crores, respectively. Average ticket sizes in other emerging cities such as Dubai (₹13.5 crores), Athens (₹17.9 crores), and Phuket (₹10.5 crores) are also high. In contrast, the average ticket size of branded homes in India is around ₹9 crores, with opportunities in the lower bracket as well (₹6-7 crores).

"Rich Indians are key growth drivers in international property markets such as Dubai, Singapore, London, and Athens. Now, with exclusive spaces and aspirational living available in their own backyard, many will likely turn their attention inwards rather than looking across borders," added Mr. Ankit Kansal.


FIFA 2026: Argentina Defeats Switzerland 3-1 While Australia's Hospitality Sector Sees Growth

FIFA 2026: Argentina Defeats Switzerland 3-1 While Australia's Hospitality Sector Sees Growth

By Manu Vardhan Kannan

Published on July 14, 2026

The FIFA World Cup 2026 continues to create excitement both on and off the pitch, with Argentina and England securing important victories, while Australia's hospitality industry is witnessing a noticeable rise in consumer spending during the tournament.

Defending champions Argentina booked their place in the next stage after defeating Switzerland 3-1 in extra time. The match finished 1-1 at the end of regulation after Alexis Mac Allister gave Argentina an early lead from a Lionel Messi assist before Dan Ndoye equalised for Switzerland in the second half.

Argentina sealed the win in extra time with goals from Julian Alvarez and Lautaro Martinez. Switzerland's challenge became tougher after Breel Embolo was sent off for simulation following a VAR review.

In another fixture, England registered a 2-1 victory over Norway to continue its FIFA World Cup campaign.

Away from the action on the field, the tournament has also delivered a strong boost to Australia's hospitality sector. According to new insights from ANZ, Australians have spent more than $7 billion during the FIFA World Cup period so far, with increased spending across food, dining and entertainment categories.

The data shows spending on takeaway food rose 6.75%, while cafes and restaurants recorded a 5.5% increase. Spending at bars and hotels grew 5.2%, and purchases of sporting apparel increased 9.3%, highlighting the positive impact of the tournament on consumer activity.

The trend closely reflects the 2022 FIFA Men's World Cup, when ANZ customers spent more than $11 billion, with notable growth across takeaway food, cafes and restaurants, sporting apparel, takeaway alcohol, and bars and hotels.

The findings suggest that major sporting events continue to influence consumer behaviour, even when matches are played overseas or during early morning hours.

Commenting on the trend, Joanna Gurry, Managing Director, Data & Analytics, ANZ, said:

“Whether Australians are gathering with friends at home, heading to their local pub to watch a match, or showing support through purchasing sporting merchandise, we're seeing spending patterns that seem to reflect the excitement and social connection major sporting events create.”

Although Australia's Socceroos have exited the tournament, hospitality venues continue to report strong customer turnout.

To support football fans, the Sydney City Council has declared the FIFA World Cup and the upcoming Sydney Marathon as special events, allowing eligible businesses to operate with extended trading hours. Non-licensed businesses can open early to serve fans during the remaining FIFA World Cup matches.

The extended trading schedule is as follows:

  • Wednesday, July 15: From 4:00 am

  • Thursday, July 16: From 4:00 am

  • Sunday, July 19: From 6:00 am

  • Monday, July 20: From 4:00 am

The latest figures highlight how global sporting events continue to benefit the hospitality sector by driving footfall, boosting food and beverage sales, and encouraging consumers to gather for shared match-day experiences.


15 Indian Tourists Killed After Speedboat Capsizes Near Vietnam's Phu Quoc Island

15 Indian Tourists Killed After Speedboat Capsizes Near Vietnam's Phu Quoc Island

By Manu Vardhan Kannan

Published on July 12, 2026

Fifteen Indian tourists lost their lives after a speedboat carrying 32 Indian passengers and four crew members capsized near Vietnam's Phu Quoc Island, according to Vietnamese authorities. Search and rescue operations are still underway as officials continue efforts at the accident site.

The speedboat, operated by Ocean Pear Island Company, was travelling from Hon May Rut to An Thoi Port when it overturned at around 1:00 PM, approximately 400 metres off Hon May Rut Ngoai. The incident threw everyone on board into the sea.

Following the tragedy, the Indian Embassy in Vietnam said it is working closely with local authorities and has set up a control room to assist the affected families. The embassy also released the list of all 32 Indian passengers and a separate list of the deceased.

In a statement, the embassy said:

"It is with profound grief that we share the list of 15 Indian nationals who have lost their lives in the tragic boat accident near Phu Quoc Island today. The list has been received from the Vietnamese authorities. Our prayers are with the families of the deceased."

Among the 15 victims, 10 were from Tamil Nadu, three from Andhra Pradesh, and two from Kerala, according to the information shared by the embassy.

The tragedy has drawn condolences from across the country. Prime Minister Narendra Modi, President Droupadi Murmu, and Defence Minister Rajnath Singh expressed their grief over the loss of lives. Tamil Nadu Chief Minister Vijay also conveyed his condolences to the bereaved families.

The Indian Embassy continues to coordinate with Vietnamese authorities as rescue efforts and other necessary procedures remain in progress.


Ensana Hotels Enters Georgia with Opening of Ensana Sairme South

Ensana Hotels Enters Georgia with Opening of Ensana Sairme South

By Hariharan U

Published on July 12, 2026

Ensana Hotels has expanded its international footprint with the opening of its first property in Georgia, marking a significant milestone in the company's European growth strategy. The newly launched Ensana Sairme South is a four-star hotel located in the renowned spa town of Sairme, bringing the group's signature medical wellness concept to one of Georgia's best-known thermal destinations.

Situated at an altitude of over 900 metres in the Caucasus Mountains, the 154-room property combines wellness, preventive healthcare, and nature-based experiences. Known for its thermal and mineral springs for more than six decades, Sairme is positioned as an emerging destination for travellers seeking holistic health and wellness experiences.

Commenting on the expansion, Frank Halmos, CEO of Ensana Hotels, said Georgia's exceptional natural healing resources and growing appeal as a travel destination align well with the company's long-term strategy. He noted that the country's forested landscapes, rich cultural heritage, hospitality, and medically beneficial thermal and mineral springs make Sairme a promising destination for health spa tourism.

Natural healing resources remain central to Ensana's wellness philosophy. The thermal water in Sairme is widely recognised for therapeutic treatments, particularly for musculoskeletal conditions, while the region's naturally carbonated mineral water has traditionally been used in drinking therapies for liver, kidney, urinary tract, and gastrointestinal health.

The company is also preparing to open its second property in the destination, Ensana Sairme North, following an extensive renovation. The five-star hotel will feature an expanded wellness offering, including indoor and outdoor swimming pools, a hammam, a salt grotto, and modern treatment facilities designed to complement its medical wellness programmes.

Temur Khokhodze, Owner of Sairme Resorts, said the partnership with Ensana represents a strategic investment in the destination's future. He added that the expansion of the hotels and therapeutic offerings will strengthen the region's tourism appeal while creating new opportunities for local communities.

Located approximately three-and-a-half hours from Tbilisi and close to Kutaisi International Airport, Sairme offers convenient access for international travellers. In addition to wellness treatments, guests can enjoy outdoor activities such as hiking, cycling, and paddling amid the surrounding mountain and forest landscapes.

Launched in 2019, Ensana Hotels is Europe's leading health spa operator, with properties across the Czech Republic, Hungary, Slovakia, Romania, Bulgaria, and now Georgia. The company is also set to expand into Germany and Italy later in 2026, further strengthening its portfolio of wellness destinations across Europe.

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