IHG Marks Pre-Opening Milestone For Powai Project

01 Apr 2026 CW Team

IHG Hotels and Resorts (IHG) marked a pre-opening milestone for its Powai hospitality development with a traditional puja ceremony in partnership with the K Raheja Group. The event was attended by Devendra Fadnavis, Chief Minister of Maharashtra, Vijayta Raheja and Nikhil K. Raheja of the K Raheja family group, and Sudeep Jain, Managing Director, South West Asia, IHG. Organisers said the ceremony formalised the commencement of final preparations ahead of the scheduled opening.

The development will comprise a dual hotel complex and a large convention centre and is expected to feature around 300 keys, 13 meeting rooms, four food and beverage outlets, and multiple indoor and outdoor event spaces. The configuration is designed to serve both business and leisure demand and to accommodate a wide range of event formats from small meetings to larger conferences. Project planners indicated that the facilities will cater to conference delegations and social events alike.

The development forms part of IHG's strategy to expand its footprint in key urban markets through integrated hospitality formats. Located in Powai, the project aims to address growing demand for MICE and large-scale events infrastructure in Mumbai. IHG noted that such integrated projects are central to its approach for capturing business from domestic and international travellers while supporting longer-term urban hospitality growth.

Company and government representatives said the project will strengthen Mumbai's position as a hub for tourism and MICE and will encourage further investment in hospitality infrastructure. Vijayta Raheja emphasised the state's progressive governance and investment friendly environment as reinforcing factors for development. The Chief Minister highlighted the contribution of such projects to the local economy and the broader aim of positioning Mumbai as a global events destination. Project teams affirmed that work will continue towards the planned 2026 opening.

Real Estate

03 Apr 2026

Loomcraft Enters South India with Kerala Store Launch

Loomcraft has launched its exclusive store in Kerala, marking its entry into South India and a key step in its nationwide expansion strategy. The move targets a region driven by tourism and premium real estate demand, where outdoor spaces play a central role in hospitality and residential experiences.Kerala’s growing base of luxury resorts, boutique hotels, villas and gated communities has created strong demand for specialised outdoor furniture. However, the region has remained underserved, with buyers relying on imports or generic products not suited to humid, coastal and monsoon-heavy cond..

Mild Steel Prices Seen Rising to Rs 61,000 Per Tonne

Mild steel prices in India, currently around Rs 58,000 per tonne, are expected to rise to nearly Rs 61,000 per tonne in April, indicating an increase of about Rs 3,000 per tonne. The anticipated rise reflects structural pressures driven by geopolitical tensions, energy constraints and limited raw material availability.Ongoing global conflict has disrupted energy markets, leading to LNG shortages that are affecting domestic steel production. Small and mid-sized manufacturers, particularly those dependent on gas-based processes, are witnessing production cuts due to constrained energy supply, re..

Vedanta Expands Transgender Workforce to 75 Employees

Vedanta has strengthened its commitment to workplace inclusion by employing 75 transgender individuals across its businesses, including Vedanta Aluminium, Hindustan Zinc, Sesa Goa, FACOR and Cairn Oil & Gas. The initiative reflects sustained hiring efforts since 2022 to build equitable opportunities across operations, corporate and technical roles.Transgender employees are engaged in functions such as operations, finance, logistics, HR, CSR, healthcare and security, with provisions for internal mobility to support career progression. The company has implemented structured policies, includi..