Ventive to Buy 76% Stake in Hilton Goa Owner for Rs 3.2 Billion

03 Oct 2025 CW Team

Pune-based Ventive Hospitality on Friday announced plans to acquire a 76 per cent stake in Soham Leisure Ventures, owner of the 104-key Hilton Goa Resort and a land parcel in Goa, in a transaction valued at about Rs 3.2 billion.

The company said the deal is a key step in its strategy to double its room portfolio and invest in high-value opportunities. Ventive intends to sign definitive agreements with Soham, involving an initial cash outlay of Rs 1.2 billion for the resort, which also has potential to add 60–65 more rooms.

The acquisition also includes a 4-acre land parcel earmarked for branded villas with an estimated gross sale value exceeding Rs 1 billion. Proceeds from villa sales are expected to further strengthen cash flows, the company noted.

Atul Chordia, Chairman and Executive Director of Ventive Hospitality, said: “The Hilton Goa Resort acquisition is a landmark for Ventive, marking our foray into the leisure market in Goa. This move reinforces our commitment to building a diversified portfolio across business and leisure segments while maintaining capital discipline.”

Ranjit Batra, CEO of Ventive Hospitality, added that the acquisition reflects the company’s strategy of selective expansion into high-barrier-to-entry markets with strong long-term demand.

Infrastructure Urban

03 Oct 2025

Indian REITs Association Joins Global REIT Alliance

The Indian REITs Association (IRA) has become a member of the Global REIT Alliance, a coalition representing the global Real Estate Investment Trust (REIT) sector. The alliance, launched at the European Public Real Estate Association’s 2025 ReThink conference in Stockholm, aims to promote cross-border cooperation, policy dialogue, and market standardisation for the growth of REITs as an investment asset class.The Global REIT Alliance, which includes members from 24 countries, focuses on promoting global awareness of securitised real estate, supporting sustainable investment, providing indust..

Vande Bharat May Soon Connect Chennai and Rameswaram

Southern Railway plans to introduce a Vande Bharat Express between Chennai and Rameswaram following the completion of electrification on the 53-km Ramanathapuram–Rameswaram section.A proposal has been submitted to the Railway Board to operate the new daytime service from either Chennai Egmore or Tambaram, aiming to ease congestion on existing overnight trains along the 600–660 km route.Officials noted that while the section is cleared for electric locomotives, a 220-metre gap near Uchipuli will undergo trials before the Vande Bharat is introduced. The final route will consider travel time,..

RITES Partners with Etihad Rail to Boost Infrastructure Collaboration

RITES, a leading transport infrastructure consultancy and engineering firm, has signed a Memorandum of Understanding (MoU) with UAE-based Etihad Rail to enhance business collaboration with its subsidiary, National Infrastructure Construction Company (NICC).The partnership aims to combine RITES’ five decades of expertise in consultancy, transport infrastructure, and engineering with NICC’s execution capabilities, creating synergies for infrastructure projects across the UAE and other regions.The MoU was signed by HE Shadi Malak, CEO of Etihad Rail, and Rahul Mithal, Chairman and Managing Di..