The Indian REITs Association has joined the Global REIT Alliance, linking up with members from 24 countries to strengthen international cooperation, improve market standards, and expand India’s role in the global real estate investment trust sector.
Cinnamon Hotels & Resorts has appointed Hishan Singhawansa as CEO, with a renewed focus on India as a central market, leveraging its flagship Cinnamon Life Colombo resort and sustainability-driven initiatives to attract travellers.
Accor has appointed hospitality veteran Ranju Alex as CEO for South Asia, tasking her with leading its expansion across India, Bangladesh, Pakistan and Sri Lanka as the group pursues a joint venture with InterGlobe Enterprises.
Oman has set a goal of attracting one million Indian tourists annually, building on strong cultural ties and growing demand for weddings, MICE travel and adventure tourism.
CIDCO has fast-tracked plans for a 667-acre Aerocity near Navi Mumbai International Airport, which is set to open in September. The development will integrate residential, commercial and retail hubs with wider infrastructure projects to transform the Mumbai Metropolitan Region.
Embassy Office Parks REIT has raised ₹1,550 crore through bonds and loans, securing its lowest borrowing cost in four years. The refinancing deal is expected to save 113 basis points annually, supporting the REIT’s strategy to strengthen its balance sheet and boost future growth.
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