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2024

Hotel industry expected to witness revenue growth of 7-9% in FY2025: ICRA

Hotel industry expected to witness revenue growth of 7-9% in FY2025: ICRA

The Indian hotel industry is expected to witness a 7-9% revenue growth in FY2025, over the 14-16% growth expected in FY2024. Sustenance of domestic leisure travel, demand from meetings, incentives, conferences, and exhibitions (MICE), including weddings and business travel despite a temporary lull during the election period, are likely to drive demand in FY2025, a report by ratings agency ICRA has...

Office fit-out costs across India increase by 4.5% Year-on-Year: JLL

Office fit-out costs across India increase by 4.5% Year-on-Year: JLL

The average office fit-out costs across India increased by 4.5% with the average fit-out cost per sq ft rising to ₹5,788 from ₹5,546 last year. Mumbai continues to be the most expensive city in India for office fit-outs at an average of ₹6,588 per sq ft followed by New Delhi at ₹6,068 per sq ft. Tokyo claims the top spot in Asia Pacific, as per JLL’s Asia Pacific Fit-Out Cost Guide...

GB Nagar gets lion’s share of ₹1 lakh crore projects rolled out in Lucknow

GB Nagar gets lion’s share of ₹1 lakh crore projects rolled out in Lucknow

On Monday, after Prime Minister Narendra Modi rolled out projects worth more than ₹10 lakh crore in Uttar Pradesh at the fourth groundbreaking ceremony in Lucknow, the Noida authority said projects worth ₹1,80,000 crore will come up in Gautam Budh Nagar, and they include realty projects, manufacturing units and IT enabled units, among others. Prime Minister Narendra Modi and chief minister...