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By Nishang Narayan
Published on October 26, 2024
Bengaluru-based Kalyani Developers, also known as Kalyani Tech Park Pvt Ltd, has announced an ambitious plan to invest INR 800 crores in the hospitality sector, specifically focusing on the development of two hotels with 300 rooms each in North Bengaluru. This strategic move aims to enhance the region's reputation as a premier destination for both leisure and business travelers.
In addition to the hospitality investments, Kalyani Developers is making its foray into the residential sector, unveiling plans for three new projects in North Bengaluru, Whitefield, and Kanakapura Main Road. The company is also set to embark on a mixed-use development project in Hyderabad, which underscores its commitment to creating vibrant living and business environments.
A Mohan Raju, managing director and CEO of Kalyani Developers, commented on the company's growth strategy: “Over the past three decades, we’ve established a strong reputation in commercial real estate, hospitality, automobile, and renewable energy, consistently delivering value through our commitment to quality, innovation, and customer satisfaction. The residential sector presents a significant opportunity for us to leverage this legacy and expertise, aligning with shifting market dynamics and consumer expectations.”
Raju emphasized that North Bengaluru was chosen for the first residential launch due to its rapid development and emergence as a key real estate hub. He stated, “This focused investment plan will ensure that each project embodies our commitment to quality, innovation, and long-term value creation for homeowners and investors alike.”
Kalyani Developers will manage the construction of all projects through its in-house team, which boasts over 30 years of expertise in delivering more than 12 million square feet of commercial spaces. The team, now led by experienced professionals in residential construction, is dedicated to executing projects to the highest standards with timely delivery.
Looking ahead, Raju noted that the residential sector is expected to become a significant contributor to Kalyani Developers' overall business strategy. While the company’s commercial and hospitality verticals continue to thrive, the new residential projects are poised to play a pivotal role in the firm's growth trajectory.
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By Manu Vardhan Kannan
Published on October 19, 2026
Omaxe Ltd. has entered into a memorandum of understanding (MoU) with Carnation Hotels Private Limited, a wholly owned subsidiary of Lemon Tree Hotels, to operate 10 hotel projects comprising 4,000 keys across India. The arrangement marks another step in Omaxe's ₹6,200 crore hospitality expansion announced in June 2026, which envisages the development of 19 hotels across five states.
The 10 projects involve an estimated investment of approximately ₹4,000 crore and span Lucknow, Vrindavan, Amausi, Ghaziabad, Greater Noida, Amritsar, Kaushambi and Faridabad. The portfolio covers transit hubs, pilgrimage destinations and commercial locations, reflecting Omaxe's strategy of integrating hospitality with its wider real estate and urban development portfolio.
The properties will operate under Lemon Tree Hotels' brand portfolio and cater to different hospitality segments. Development and commissioning timelines are expected to range from nine months to five years, depending on the individual project.
Commenting on the partnership, Mohit Goel, Managing Director of Omaxe Ltd., said, "India's hospitality opportunity is expanding beyond established metropolitan markets, with Tier 2 and Tier 3 cities emerging as important destinations for business, leisure and pilgrimage travel. Temple towns, growing commercial centres and transit hubs each have distinct accommodation needs, creating an opportunity to develop hospitality assets that are aligned with the demand drivers of their respective markets. Our arrangement with Lemon Tree Hotels brings established operating expertise to this strategy, while our sale-led development model enables us to pursue this expansion with a disciplined approach to capital deployment."
Neelendra Singh, Managing Director of Lemon Tree Hotels Limited, highlighted the importance of Tier 2 and Tier 3 cities to the company's expansion strategy. He said the arrangement would support growth across diverse markets, from transit hubs in Lucknow to pilgrimage destinations such as Vrindavan.
Singh also noted that the partnership combines Omaxe's nearly four decades of real estate development experience with Lemon Tree Hotels' more than two decades of hospitality expertise. He added that the arrangement would accelerate Lemon Tree Hotels' asset-light growth strategy by expanding its managed portfolio across different markets and property formats.
The projects will follow a sale-led development model, with Omaxe expecting to fund completion through sales proceeds without requiring loan funding. The proposed portfolio includes two bus terminal developments in Lucknow: Jankipuram with 500 keys and Vrindavan Yojna with 330 keys. The Omaxe BeTogether Centre Point project in Amausi, near the airport, will have 693 keys.
In Vrindavan, the portfolio includes Omaxe Eternity-II with 501 keys and Omaxe BeTogether Courtyard with 81 keys. Other projects comprise Omaxe BeTogether Centre Point on Ambedkar Road in Ghaziabad with 215 keys, Omaxe Connaught Place in Greater Noida with 150 keys, service apartments in Amritsar with 745 keys, Omaxe BeTogether Centre Point, Tower 1, in Kaushambi with 350 keys, and World Mall in Sector 79, Faridabad, with 435 keys.
Through this arrangement, Omaxe aims to extend its real estate development capabilities into hospitality while complementing its existing townships, commercial destinations and mixed-use developments. For Lemon Tree Hotels, the partnership provides an opportunity to expand its operating portfolio across a wider range of Indian markets, with a focus on locations supported by business, leisure, pilgrimage and transit demand.
Published on October 18, 2026
Sterling Holiday Resorts Limited (SHRL) has opened Sterling Leopard Haven Jawai in Rajasthan, strengthening its presence in the state and expanding its wilderness portfolio. Located near Bera, amid Jawai's distinctive granite terrain, the resort offers travellers a base to explore a wildlife landscape known for its leopards, rocky outcrops and natural caves.
Beyond leopard sightings, Jawai offers experiences shaped by the Jawai Dam reservoir, its rich birdlife, surrounding countryside, tribal villages and Rabari communities. Regional culinary traditions further add to the destination's appeal, encouraging travellers to explore the area's natural and cultural character beyond a single safari.
Commenting on the opening, Vikram Lalvani, Managing Director and CEO, Sterling Holiday Resorts Limited, said, “Jawai is compelling because the reason you arrive and the reason you remember the holiday can be very different. A leopard may create the first pull, but the real richness comes from everything that surrounds that experience.
“For Sterling, this is exactly the kind of destination that strengthens the portfolio in more than one way. It deepens our presence in Rajasthan, adds further weight to our national wilderness offering and also creates a natural link in a Mount Abu–Udaipur–Jawai–Jodhpur journey. Our growth is increasingly about building more around why people travel, creating richer reasons to stay, explore and discover more of India.”
Sterling Leopard Haven Jawai features 19 cottages, suites and villas designed to offer an intimate retreat. Jawai Villas come with private balconies and bathtubs, while Pool Villas feature plunge pools and secluded outdoor spaces. The Two-Bedroom Pool Villa combines adjoining villas, allowing groups to stay together while retaining privacy.
The property also features an infinity pool, a children's play area and outdoor spaces for relaxation between excursions.
Dining is another part of the resort's connection with the destination. At Jawai Vista, guests can explore Rajasthani-inspired flavours featuring regional millets and rice, alongside dishes such as Methi Bajra Khichda, Panchkutte ki Subzi, Mathania Chicken and Jawai Laal Maas. Chef-curated specialities complement the menu, with views across the valley and pool adding to the dining experience.
Depending on conditions, guests can also enjoy outdoor breakfasts, safari picnics and locally inspired meals that bring the culinary experience beyond the restaurant.
The resort offers guided leopard safaris, excursions around Jawai Dam, birdwatching and crocodile spotting, alongside opportunities to explore the surrounding countryside and local communities. These experiences allow travellers to discover more of Jawai's wildlife, landscape and everyday life while enjoying a slower-paced holiday.
Located between Udaipur and Jodhpur, Jawai offers a different experience within Rajasthan's established travel circuit, which is often associated with forts, palaces and heritage cities. The destination adds a wilderness element to journeys connecting Mount Abu, Udaipur, Jawai and Jodhpur.
Speaking on the launch, Manish Gurani, owner of BMMR Hospitality LLP, said, “What drew us to Jawai was its rarity, a place where wildlife, open landscapes and everyday life exist side by side without the destination feeling over-engineered for tourism. We wanted the resort to preserve that sense of space and discovery while giving travellers the comfort to stay longer and see more of the region. Sterling was the right partner because it understands how to build demand around destinations, not just properties, and has the reach to introduce Jawai to a much wider leisure audience.”
The opening reflects Sterling Holiday Resorts' broader expansion strategy of building its portfolio around distinctive travel experiences. Rather than focusing only on individual hotel locations, the company aims to create hospitality offerings around travellers' interests, including wildlife, nature, spirituality, culture, wellness and discovery.
With Sterling Leopard Haven Jawai, the company strengthens its Rajasthan presence while adding another destination to its wilderness offering. The resort also supports Sterling's approach of developing connected travel circuits, creating more opportunities for guests to explore multiple destinations within a single journey.
By Hariharan U
Published on October 17, 2026
ITC Hotels Limited has signed a management agreement for Mementos by ITC Hotels Karjat, a planned 227-key luxury resort in Maharashtra, strengthening its presence in leisure destinations around Mumbai and Pune.
Located against the backdrop of the Sahyadri foothills, the proposed resort will cater to travellers seeking nature-led holidays, wellness experiences, destination weddings and corporate retreats. Karjat's scenic setting and connectivity to Mumbai and Pune have contributed to its emergence as a leisure and events destination in western India.
The signing forms part of ITC Hotels' strategy to expand its portfolio in destinations with potential for leisure travel, celebrations and experience-led hospitality.
Mementos by ITC Hotels Karjat will comprise 227 rooms and suites designed to reflect the character and tranquillity of the destination. The property is planned as a luxury retreat combining accommodation, dining, wellness and recreational experiences.
Its food and beverage offering will include an all-day dining restaurant, specialty restaurants, a bar and a tea lounge. The resort is also expected to feature destination-inspired culinary experiences showcasing regional and international cuisines.
Wellness and recreation facilities will include a signature spa, fitness centre, swimming pools and a range of recreational activities, positioning the property to serve both short leisure stays and longer wellness-focused visits.
A major component of the development will be its event infrastructure. The resort is planned to offer over 60,000 sq. ft. of indoor event space, including a grand ballroom and versatile meeting venues, along with more than 30,000 sq. ft. of outdoor lawns for social gatherings.
These facilities are expected to support destination weddings, conferences, corporate retreats and other large-scale celebrations, adding to Karjat's appeal as an events destination within reach of Mumbai and Pune.
Commenting on the signing, Anil Chadha, Managing Director, ITC Hotels Limited, said, “As India's leisure travel landscape continues to evolve, travellers are increasingly seeking meaningful escapes that blend nature, wellness and bespoke experiences. Karjat, with its picturesque setting, excellent connectivity and growing prominence as a hub for celebrations and retreats, is well-positioned to cater to this demand. The signing of Mementos Karjat reflects our commitment to expanding our portfolio in high-potential leisure destinations.”
Ashok Chhajer, Chairman and Managing Director, Arihant Super Structures Limited, added, “Karjat has long been admired for its natural beauty and serene surroundings, offering a refreshing contrast to the pace of urban life. Our group's vision is to create an iconic destination in Maharashtra that not only showcases the charm of the region but also becomes a preferred setting for memorable holidays, celebrations and transformative retreats. Working with ITC Hotels Limited for the Mementos brand brings together a shared commitment to excellence.”
Mementos by ITC Hotels is a collection of resorts across varied destinations, encompassing contemporary properties, secluded retreats and historic settings. The brand focuses on destination-led experiences, local culture, regional flavours and personalised hospitality.
The planned Karjat resort will add another leisure destination to the collection, combining its natural surroundings with facilities designed for relaxation, celebrations and business gatherings.
With the signing, ITC Hotels continues to expand its presence in India's leisure hospitality segment, targeting destinations that bring together accessibility, natural landscapes and demand for premium experiences.
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