Tag: real estate

Business

Radisson & MBD Join Forces to Expand Luxury Hospitality in India

Tanisha Cardozo

In a major boost to India’s evolving hospitality landscape, Radisson Hotel Group has announced a long-term strategic partnership with MBD Group under a Master Franchise Agreement, aimed at expanding its luxury and lifestyle portfolio across the country. The collaboration will primarily focus on scaling two of Radisson’s premium brands—Radisson Collection and Radisson RED—at key locations nationwide.

Anchored in global brand standards and governance, the partnership combines Radisson’s international hospitality expertise with MBD Group’s strong foothold in development and operations. While Radisson Hotel Group continues its independent expansion strategy in India, this alliance adds a powerful channel to accelerate growth in one of its most important markets.

As part of this collaboration, the well-known Radisson Blu MBD Hotel in Noida will undergo a significant transformation and be repositioned as Radisson Collection MBD following a comprehensive upgrade. The property, already among the top-performing hotels in Radisson’s India portfolio, will be elevated to align with the luxury standards of the Radisson Collection brand, reinforcing the group’s strategy of upgrading landmark assets alongside developing new properties.

India’s premium hospitality sector is witnessing strong momentum, driven by rising demand for high-end, design-focused experiences. This partnership directly responds to that shift, with both companies aiming to deliver hotels that blend aesthetic refinement with immersive guest experiences. The vision is not just expansion, but the creation of distinctive spaces that reflect both global standards and local cultural narratives.

Over the next decade, the partnership targets the development of 50 co-branded hotels across Radisson Collection MBD and Radisson RED MBD. The strategy will largely follow an asset-light model, with approximately 80 percent of the portfolio comprising managed and franchised properties, while the remaining 20 percent will be owned assets. This approach allows for scalable growth while maintaining operational efficiency and long-term brand value.

The positioning of the two brands within the partnership is clearly defined. Radisson Collection MBD will cater to the luxury segment with a focus on curated, timeless experiences, while Radisson RED MBD will take a more dynamic and aggressive approach, targeting the lifestyle segment with bold, design-driven concepts. Together, they aim to redefine how luxury and lifestyle hospitality is perceived in India.

The partnership also builds on a longstanding relationship between the two groups, spanning over two decades. Rooted in trust, shared values, and a commitment to excellence, the collaboration reflects a deeper vision of shaping India’s hospitality future. With a combined focus on innovation, cultural storytelling, and operational excellence, both organizations are positioning themselves to meet the expectations of modern travellers.

As India continues to emerge as a key global travel destination, initiatives like this are expected to play a crucial role in strengthening the country’s hospitality ecosystem. By integrating global expertise with local insight, the partnership between Radisson Hotel Group and MBD Group sets the stage for a new generation of luxury and lifestyle destinations, designed to deliver meaningful experiences while contributing to sustainable, long-term growth in the sector.

Goan Personalities

CM Dr Pramod Sawant Addresses 32nd AIBC All India Builders Convention in Goa

Tanisha Cardozo

Chief Minister Dr Pramod Sawant attended and addressed the 32nd AIBC All India Builders Convention held at the Dr Shyama Prasad Mukherjee Indoor Stadium, Taleigao, highlighting the importance of sustainable infrastructure development and innovation in the construction sector.

Addressing builders and industry leaders from across the country, the Chief Minister emphasised the role of responsible construction practices in supporting economic growth while preserving environmental balance. He underlined the government’s commitment to creating an investor-friendly ecosystem while ensuring inclusive and planned development across Goa.

During the event, Dr Sawant presented the Lifetime Achievement Award to Shri Jagdish Kumar, recognising his outstanding contributions to the building and construction industry. The Chief Minister also released the 32nd AIBC Souvenir and the Builder’s Book, marking key milestones of the convention.

The All India Builders Convention serves as an important national platform for policy dialogue, knowledge sharing, and collaboration among builders, developers, policymakers, and industry stakeholders. The 32nd edition witnessed participation from professionals representing various regions of the country.

Business

Apple Launches Its First Noida Store at DLF Mall of India, Leasing 8,240 sq ft for ₹65 Crore

Tanisha Cardozo

Written by Tanisha Cardozo || Team Allycaral Business Desk

Apple is set to open its first retail store in Noida at DLF Mall of India, marking the company’s fifth store in India and its second in the Delhi-NCR region, following the Saket outlet. The new store spans 8,240.78 sq ft across six units on the mall’s ground floor and has been leased for an 11-year tenure at a total rent of approximately ₹65 crore. The lease agreement, signed with Paliwal Real Estate Limited on February 25, 2025, includes one year of rent-free occupancy and a 15% rent escalation every three years.

The monthly rent for the Noida store comes to around ₹45.3 lakh, translating to an annual outgo of roughly ₹5.4 crore, comparable to Apple’s Saket store. Experts note that the lease reflects Apple’s strong brand pull and the footfall it attracts. While smaller stores in DLF Mall of India command rents between ₹500–700 per sq ft, larger stores such as Apple’s enjoy comparatively lower rates due to negotiation leverage and size.

Noida offers a strategic location for Apple, with a catchment area covering Ghaziabad, Greater Noida, South Delhi, Agra, Mathura, and emerging demand hubs, underlining the city’s growing market potential. DLF Mall of India, the largest mall in Noida at nearly one million sq ft, provides a high-visibility, premium retail environment and is expected to see further development with IKEA’s planned opening in Sector 52 by 2030.

Apple’s retail expansion in India has been methodical, with stores in Mumbai’s Bandra Kurla Complex, Pune’s Koregaon Park, Bengaluru’s Phoenix Mall of Asia in Hebbal, and Delhi’s Saket. Most stores are around 8,000–9,000 sq ft, ensuring brand consistency across locations, with the exception of Mumbai BKC, which spans 20,000 sq ft.

Recent openings, such as in Bengaluru and Pune, have featured Apple’s peacock-inspired launch campaigns, symbolizing pride and creativity. The Noida store follows the same creative approach, enhancing Apple’s brand narrative and retail experience.

Rental trends in Noida show a significant rise, particularly in Grade A-plus malls, with rents climbing from ₹225 per sq ft in 2017 to ₹330 per sq ft in 2025, reflecting a 47% growth. Apple’s lease agreement in Noida exemplifies the premium retailers’ interest in the city’s expanding consumer market and its importance within the Delhi-NCR region.

Spotlight

Ninaad Kambli: Redefining Luxury Living in Goa

Tanisha Cardozo

Written by Tanisha Cardozo

When Ninaad Kambli founded Nivasa in 2019, he wasn’t starting fresh—he was building on a solid foundation. Backed by the technical strength of Rahee Constructions, a firm with over 30+ years of experience under the leadership of Ashish Kambli, Nivasa was created to offer something Goa’s real estate landscape was missing: a complete, experience-led approach to luxury living.

In a market that often focuses on land volume or transactional value, Ninaad saw an opportunity to shift the conversation. Nivasa was envisioned to elevate the meaning of home—spaces that feel intimate, rooted in design integrity, and tailored for those seeking more than just property ownership. According to him, true luxury isn’t about extravagance, but about how a space makes you feel. At Nivasa, that means creating homes that are calm, functional, and deeply connected to nature. From the breezy courtyards to the locally sourced materials and custom interiors, every detail is designed to support a lifestyle of ease and beauty.

More Than Villas: A Full-Service Living Experience

What makes Nivasa stand apart is its 360-degree service model. It’s not just about building homes—it’s about creating and sustaining value. From land acquisition and architectural planning to Vastu consultancy, interior design, and project execution, Nivasa takes care of every step. Even after a villa is complete, clients benefit from long-term support through property maintenance, Airbnb management, and hospitality services. This end-to-end offering ensures that every home continues to be a valuable asset, both emotionally and financially.

Sustainability is integral to the Nivasa philosophy. The brand is committed to eco-conscious building—incorporating features like passive cooling, rainwater harvesting, and energy-efficient layouts into each project. Ninaad is particularly drawn to biophilic design, where natural elements are brought indoors to foster a sense of calm and well-being. This design approach reinforces the Goan charm, giving each villa a warm, grounded identity.

One of the most memorable and challenging projects for Nivasa involved restoring a heritage villa in Goa. Maintaining its original character while integrating modern conveniences required careful planning and collaboration with local artisans. The project taught Ninaad the value of patience, cultural sensitivity, and craftsmanship—lessons that now guide many of Nivasa’s current projects.

The Vision Ahead: Thoughtful Living, Invested Living

Leadership at Nivasa is fluid and responsive. While villa development demands structure, precision, and adherence to timelines, the hospitality side requires empathy, flexibility, and attention to guest experience. Ninaad shifts his approach based on the domain, but always maintains a core focus on creativity, accountability, and alignment with the brand’s values. His team operates with the same ethos—sharing a collective vision of soulful living, nurtured through open communication, collaboration, and ongoing inspiration.

As for Goa’s real estate future, Ninaad anticipates a rise in wellness-focused architecture, sustainable luxury, and tech-enabled smart homes. He also sees increasing demand for dual-purpose homes—spaces that are both personal sanctuaries and viable investment properties. For today’s investors, his advice is simple: look for legal clarity, regulatory compliance, and long-term viability. Choosing Nivasa means choosing a holistic ecosystem that delivers not just a home, but lasting value.

For Ninaad, the idea of home is deeply personal. It’s a sanctuary—somewhere you feel at peace and inspired at the same time. This belief shapes every project Nivasa undertakes, creating homes that feel warm, grounded, and thoughtfully designed for the realities of modern living. When asked to describe Nivasa as a person, he says: “Elegant. Grounded. Visionary.” Whether it’s a villa in Goa or a dream home in Tuscany surrounded by vineyards, Ninaad Kambli continues to lead with intention—building not just houses, but homes with soul.

Entertainment

Kartik Aaryan Invests ₹13 Crore in Andheri West Office Space Alongside Parents

Tanisha Cardozo

Bollywood actor Kartik Aaryan has made headlines, not for a film release, but for a ₹13 crore investment in a prime office property in Andheri West, Mumbai. Partnering with his parents, Mala and Manish Tiwari, the investment was officially registered in September 2025.

The property is located in Signature by Lotus, a prominent commercial building in Andheri West, offering a RERA carpet area of 176.98 sq m (1,905 sq ft) and a built-up area of 194.67 sq m (2,095 sq ft). Along with the space, the Aaryan family has secured three car parking spots. The deal included a stamp duty payment of ₹78 lakh and registration charges of ₹30,000.

Andheri West is considered one of Mumbai’s most desirable commercial hubs, with strong road, rail, and metro connectivity. Its proximity to Chhatrapati Shivaji Maharaj International Airport and key business centers like Bandra Kurla Complex, SEEPZ, and Lower Parel makes it a hotspot for professionals and investors.

Kartik, who started his career with Pyaar Ka Punchnama in 2011, has become one of Bollywood’s most bankable stars. With successful films such as Sonu Ke Titu Ki Sweety, Luka Chuppi, Bhool Bhulaiyaa 2, and Satyaprem Ki Katha, he has also now made a smart move into real estate, expanding his portfolio beyond cinema.

This investment reflects a growing trend among celebrities diversifying into real estate, leveraging prime locations in Mumbai to secure long-term value.