India-Pakistan Tensions Deal Rs Three Billion Blow to Hospitality

14 May 2025 CW Team

India-Pakistan tensions have severely impacted the hospitality sector, with over fifty per cent booking cancellations in cities like Mumbai, Delhi, Bengaluru, and Chennai. The resulting decline is expected to cause a forty per cent business slump in May.

Indian Hotels Company Limited (IHCL), operator of the Taj brand, may face daily earnings losses of Rs ten million to Rs fifteen million, while Ventive Hospitality may lose Rs five million daily due to reduced inbound tourism, according to HSBC Global. Both companies partner with global brands such as Marriott and Hilton.

Major firms including HDFC Bank, Axis Bank, and Tata Communications have issued travel advisories, reducing corporate bookings. Events and conferences have been cancelled, including one with one hundred room bookings in Chennai and another resulting in Rs ten million in losses in Mumbai.

The temporary suspension of the Indian Premier League has further strained revenues. The tournament, spanning thirteen cities, contracts over thirty premium hotels. Hotels are now initiating cost-saving measures such as hiring freezes and optimising occupancy by limiting guest stays to specific floors to manage electricity and power use.

Source: The Financial Express

Real Estate

05 May 2026

Dubai Real Estate Sales Reach AED48 Billion

Dubai’s real estate market recorded 13,977 sales transactions worth AED48 billion in April 2026, reflecting continued resilience across residential and commercial segments.According to a market update by fäm Properties, sales volume rose 3.5 per cent month-on-month compared to March, while total sales value increased by 10.7 per cent. The commercial sector, including offices and shops, recorded the strongest growth, with 561 transactions valued at AED4 billion, up 33.9 per cent year-on-year and 36.2 per cent month-on-month.Apartment sales rose 6.5 per cent month-on-month to 11,377 transacti..

Casagrand Launches 35-Acre Hyderabad Project

Casagrand has launched Casagrand Vybe, its largest residential project in Hyderabad, spread across 35 acres in Rajendra Nagar. The launch marks the company’s fifth residential rollout in 2026 and strengthens its expansion momentum in the city.As part of its Hyderabad growth strategy, Casagrand is adding 3.98 million sq ft of residential space to its portfolio. Since entering the Hyderabad residential market in 2023, the company has scaled its presence with projects across key micro-markets. In 2025, it launched four projects — Casagrand Evon, Casagrand Windsor Court, Casagrand Belair and C..

Bentley Event Spotlights AI Infrastructure

Bentley Systems recently hosted Illuminate Mumbai 2026, bringing together infrastructure leaders, policymakers, technology experts and academia to discuss how AI-driven engineering and digital twins can accelerate India’s journey towards Viksit Bharat 2047.The event focused on scaling intelligent and connected infrastructure ecosystems beyond digital adoption. Discussions covered the use of infrastructure AI, open data environments and digital twin technologies to improve project delivery, sustainability and long-term asset performance across key sectors.Kamalakannan Thiruvadi, Regional Exec..