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By Manu Vardhan Kannan
Published on August 12, 2026
Mahindra Group has announced a dedicated strategic focus on its Holidays and Lifespaces sectors, with an aim to accelerate growth and create stronger operational synergies between the two businesses.
The move comes as several of the Group’s businesses have recorded strong growth over the last five years. The Group identified these businesses as its “Growth Gems”, with several already surpassing the expected 5X growth during the period.
Mahindra Lifespaces has been one of the standout businesses within this group. Since FY20, its residential pre-sales have grown 5X, from around ₹700 crore to around ₹3,500 crore.
The business has also seen a sharp rise in its gross development value (GDV), increasing from ₹8,000 crore to ₹50,000 crore in the last three years. This puts the business on track to achieve 14X pre-sales growth during this decade. Its Industrial segment has also performed strongly, while the overall business has moved from losses to profits of around ₹300 crore in the previous financial year.
Meanwhile, Mahindra Holidays has continued to expand its position in the hospitality sector. With more than 3 lakh vacation ownership members, the business remains a leader in the segment and has added more than 1,700 rooms. The company is now moving beyond vacation ownership and expanding into leisure hospitality, with an ambition to become one of India's leading hospitality players. It recently launched Mahindra Signature Resorts, marking its entry into luxury hospitality.
Dr. Anish Shah, Group CEO & MD, Mahindra Group, said, "Both Holidays and Lifespaces businesses have tremendous potential. As we move into the next phase of growth, we have been evaluating how to harness the synergies between them to further strengthen the growth trajectory. In this context, we are pleased to announce a dedicated strategic focus on Holidays and Lifespaces sectors aimed at accelerating growth and realising operational synergies across these identified Growth Gems.”
As part of the new structure, Amit Sinha, the current MD & CEO of MLDL, will be appointed as CEO-Holidays and Lifespaces Sector, from a future date to be determined. Sinha will move into the new role once a new CEO is appointed at Mahindra Lifespaces. The leadership and reporting arrangements for the relevant businesses will be aligned as part of the implementation of the new sector structure.
The new focus is expected to bring the two businesses closer together as Mahindra Group looks to build on their existing momentum and unlock further growth opportunities across real estate, leisure and hospitality.
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By Hariharan U
Published on September 1, 2026
Treat Hotels & Resorts has announced the signing of a new resort in Sangamner, Maharashtra, under a management agreement with Malpani Group, further expanding its presence across the Indian hospitality market.
Scheduled to become operational in 2028, the upcoming resort will be designed as a destination for leisure stays, celebrations and social gatherings, with a range of accommodation, dining and recreational facilities.
The property will feature 132 elegantly designed guest rooms, along with multiple ballrooms and banquet spaces designed to cater to weddings, celebrations, corporate events and other gatherings.
The resort will also include multiple lawns, a fine-dining restaurant and bar, and a selection of recreational activities, creating an integrated hospitality offering for both leisure and event-driven travel.
The Sangamner signing marks another milestone in Treat Hotels & Resorts' expansion strategy. With the addition of the new resort, Sangamner will become the company's seventh property in Maharashtra and its 21st property across India.
The company said its entry into Sangamner reflects its broader objective of bringing its hospitality offering to emerging destinations across the country.
Sangamner has a diverse economic profile shaped by agriculture, education and a growing business landscape, providing a mix of potential leisure, social and business demand for the upcoming property.
The resort is expected to serve as a hospitality destination for travellers visiting Sangamner as well as residents seeking spaces for celebrations, dining and recreation.
The partnership with Malpani Group further strengthens Treat Hotels & Resorts' development pipeline and supports its strategy of expanding through management agreements across India.
With the new resort, Treat Hotels & Resorts aims to establish a presence in Sangamner while offering guests its signature approach to hospitality through comfortable stays, dining experiences, celebrations and leisure facilities.
The development adds to the brand's growing portfolio and reinforces its ambition to expand its footprint across established and emerging markets in India.
Published on August 31, 2026
Indian Hotels Company (IHCL) has entered the luxury branded villa segment with the launch of Taj Mount Kusur Resort and Villas in Lonavala, Maharashtra. Developed in partnership with Amavi, India’s only hospitality-backed real estate brand, the project brings Taj’s luxury hospitality offering into a new category of branded residences.
Spread across a 34-acre estate in the Western Ghats, Taj Mount Kusur Resort and Villas will feature 32 branded villas alongside a 100-key Taj resort. The development offers views of the surrounding lake and valley and is designed to bring together luxury living, nature and Taj hospitality.
Commenting on the launch, Mr. Puneet Chhatwal, Managing Director & Chief Executive Officer, IHCL, said, “For over a century, Taj has defined luxury hospitality through its grand palaces, landmark city hotels, safaris and residences. Recognised as the World's Strongest Luxury Hotel Brand and India's Strongest Brand, Taj continues to strengthen its position at the forefront of the luxury hospitality sector. The launch of Taj Mount Kusur Resort & Villas marks our entry into the branded villa segment, broadening our portfolio to address evolving consumer preferences while bringing the trust, service excellence and legacy of the brand to a new category of luxury real estate.”
The villas take inspiration from contemporary barn-style architecture, with expansive glass façades and spacious verandahs that connect the homes with the surrounding landscape.
A key feature of the development is the two-acre Wabi-Sabi Central Park, inspired by the Japanese philosophy of simplicity and harmony with nature. The wider project will include a Miyawaki forest, nature trails, zen gardens, stargazing decks, golf putting greens, a fitness lawn and multi-purpose sports courts.
Residents will also have access to Club Amavi, which will offer wellness and recreation facilities along with banquet and dining spaces.
The branded villas will be offered for sale through a lease-back programme, with the villas integrated into the resort inventory. Owners will have access to Taj hospitality services including concierge assistance, housekeeping and maintenance, along with the leisure and wellness facilities available at the resort.
Mr. Apurv Kumar, Managing Director, Clarks Group of Hotels and Founder, Amavi, said, “Second homes are bought to create more time, time with family, time in nature and time for oneself. Yet too often, they become another responsibility. At Amavi, our purpose is to change that. Taj Mount Kusur Resort and Villas brings together the privacy and permanence of a home with the care and service of Taj hospitality. Rooted in the Western Ghats, it also reflects our belief that meaningful development must respect the land and create value for the communities around it. We want Mount Kusur to be not merely a property people own, but a place they return to, belong to and come to.”
The development is also designed around low-density planning, integrated amenities and professionally managed services, giving homeowners the privacy of villa ownership along with the convenience of a luxury resort.
Mr. Sachin Agrawal and Mr. Bajrang Bararia, Founders, Amavi, said, “With Taj Mount Kusur Resort and Villas, Amavi has sought to create a residential offering that combines design, nature and hospitality. Luxury consumers today are increasingly seeking experiences that combine the privacy of a second home with the services and assurance of a hospitality brand. The project's low-density planning, integrated amenities and professionally managed services are intended to provide homeowners with the privacy of villa ownership and the convenience of a luxury resort. Amavi is pleased to partner with IHCL in bringing this vision to life under the Taj brand.”
Located between Mumbai and Pune, Lonavala is an established leisure destination known for its valleys, lakes and waterfalls. Its connectivity and natural setting have made it popular among leisure travellers, wellness seekers and second-home buyers.
The Taj Mount Kusur project brings together this established destination appeal with branded villa ownership and hotel services, marking a new direction for Taj as it expands its luxury portfolio.
The Fern Hotels & Resorts has announced the launch of The Fern Residency Godhra, Series by Marriott, further expanding its presence across Gujarat. The new property marks the group's 40th operational property in the state, strengthening its network across the region.
Located on Dahod Road Highway, the hotel has been designed to offer contemporary comforts, modern facilities and convenient connectivity for both business and leisure travellers visiting Godhra. The property features 64 rooms and suites, equipped with modern amenities for a comfortable stay. Dining is led by Cinnamon, an all-day dining, multi-cuisine pure vegetarian restaurant serving a mix of local and global dishes, along with beverages, snacks and savouries.
Cinnamon is open daily from 7:00 a.m. to 11:00 p.m., while guests can also access 24-hour in-room dining with a selection of meals, snacks and beverages. The hotel also features Crystal Hall, Grand Ball Room, Utsav Lawn and a dedicated meeting room. These spaces make the property suitable for corporate events, conferences, weddings, social gatherings and other special occasions.
Commenting on the launch, Suhail Kannampilly, chairman & managing director, The Fern Hotels & Resorts, said, “Gujarat continues to present significant opportunities for the hospitality sector, driven by its growing business ecosystem, improving connectivity and the increasing movement of both business and leisure travellers across emerging destinations. With the launch of The Fern Residency Godhra, Series by Marriott, we are delighted to further strengthen our presence in the state while bringing our signature hospitality, contemporary comforts and high-quality service to the city. The property has been thoughtfully designed to cater to the evolving needs of today’s travellers. This launch reflects our continued commitment to expanding into high-potential markets and creating meaningful hospitality experiences for travellers across India.”
Bhavesh Shah, partner, Shree Hospitality, said, “We are delighted to partner with The Fern Hotels & Resorts to introduce The Fern Residency Godhra, Series by Marriott. Our vision has been to create a hospitality destination that brings together contemporary comfort, modern facilities and warm, personalised service for guests visiting Godhra. We look forward to establishing the hotel as a preferred choice for business travellers, families, weddings and social celebrations while contributing to the region’s growing hospitality landscape.”
The hotel is approximately 65 km from Vadodara Airport, 6 km from Godhra Railway Station and 7 km from the City Centre Bus Stand, providing convenient access for travellers arriving in the city. As a Series by Marriott partner hotel, guests staying at the property can also access benefits through Marriott Bonvoy, Marriott International's travel programme.
With its combination of accommodation, dining and event facilities, The Fern Residency Godhra, Series by Marriott adds another property to The Fern Hotels & Resorts' growing Gujarat portfolio while catering to the city's business, social and leisure demand.
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