Wednesday, July 15News That Matters

Author: FWM

THE LEELA UNVEILS THE LEELA COORG FOREST SANCTUARY.

THE LEELA UNVEILS THE LEELA COORG FOREST SANCTUARY.

Architecture, News
The iconic forest retreat is reimagined as a distinctive expression of True Indian Luxury, where ancient forests, verdant coffee plantations, transformative wellbeing and timeless Indian hospitality come together in one of India's most pristine natural landscapes.MUMBAI, India, July 9, 2026 /PRNewswire/ -- The Leela Palaces, Hotels and Resorts, India's only pure-play luxury hospitality brand, today unveiled The Leela Coorg Forest Sanctuary, the new identity for its recently acquired retreat in Coorg. The reimagined identity reflects the property's extraordinary setting amidst 76 acres of ancient forests, coffee plantations and the rich biodiversity of the Western Ghats, while reinforcing The Leela's vision of creating distinctive luxury destinations that are deeply rooted in their surr...
India’s Finest. World’s Best. The Leela Ranked the World’s #2 Best Hotel Brand in the Travel + Leisure World’s Best Awards 2026 Survey

India’s Finest. World’s Best. The Leela Ranked the World’s #2 Best Hotel Brand in the Travel + Leisure World’s Best Awards 2026 Survey

Architecture, Lifestyle, News
The Leela Palace Udaipur has been ranked the #2 Resort in India and is featured in the top 100 Hotels in the World, while The Leela Palace New Delhi has been ranked #2 among the Best City Hotels in India in the same survey. MUMBAI, India, July 13, 2026 /PRNewswire/ -- The Leela Palaces, Hotels and Resorts has been ranked the #2 Best Hotel Brand in the World in the Travel + Leisure World's Best Awards 2026 Survey, one of the travel industry's most prestigious global rankings. Voted by the discerning Travel + Leisure readers from around the world, the recognition places The Leela among the world's finest luxury hospitality brands and reinforces its position as the leading Indian luxury hospitality brand on the global stage. Further strengthening this achievement, The Leela Palace Udaipur ha...
Chief Minister D.K. Shivakumar inaugurated the Sri Shanmukha Subramanya Temple at Lingadheeranahalli, Banashankari 6th Stage, Bengaluru.

Chief Minister D.K. Shivakumar inaugurated the Sri Shanmukha Subramanya Temple at Lingadheeranahalli, Banashankari 6th Stage, Bengaluru.

Architecture, News
July 12-Chief Minister D.K. Shivakumar inaugurated the Sri Shanmukha Subramanya Temple at Lingadheeranahalli, Banashankari 6th Stage, Bengaluru, on Sunday. Members of Parliament Dr. Sudhakar and Dr. G.C. Chandrashekhar; MLAs Ajay Singh, S.T. Somashekhar, and Kampli Ganesh; Rajaguru Dwarakanath; Sringeri Sharada Math Administrator Gowrishankar; Krishnamurthy; Dr. Shankar Guha; retired IAS officer Shyam Bhat; and others were present on the occasion.Karnataka's representatives, dignitaries to receive first daily aarti at Tirumala temple: CM DK Shivakumar Etiquette order from Karnataka government A tower of divine grace on the foundation of devotion Dwarkanath is not afraid of threats. Bengaluru, July 12: "The first aarti to be held daily in Tirupati is from Karnataka. An order wi...
Clearance of footpath encroachments will continue in the limits of the five municipal corporations: Chief Minister D.K. Shivakumar So far, 435 km of footpaths have been cleared of encroachment.

Clearance of footpath encroachments will continue in the limits of the five municipal corporations: Chief Minister D.K. Shivakumar So far, 435 km of footpaths have been cleared of encroachment.

News, PROPERTY MATTERS
Bengaluru, July 10, (Karnataka News): Since July 1, a total of 9,878 encroachments have been cleared on a total of 435 km of footpaths. The encroachment clearance operation will continue in the jurisdiction of all the five corporations, said Chief Minister D.K. Shivakumar. Speaking about the footpath encroachment and the eviction operation of traders in various parts of the city, he conducted a city tour on Friday and received information from Bangalore Urban Development Minister Krishna Byre Gowda. Later, he answered questions from the media near the Ashoka Pillar in Jayanagar. There were a total of 1,340 shops, about 1,800 push carts. Push carts have been allowed to be taken away. About 2,267 shops had tin sheets installed in front of them, which have also been removed. 2,300 steps, p...
Bengaluru continues to lead GCC office transactions in India, Residential prices rise 9% on sustained demand: Knight Frank India.

Bengaluru continues to lead GCC office transactions in India, Residential prices rise 9% on sustained demand: Knight Frank India.

News, PROPERTY MATTERS
Bengaluru records 14.1 mn sq ft of office transactions in H1 2026; highest amongst the eight Indian citiesGCCs drive Bengaluru’s office leasing activity in H1 2026 Residential sales grow 5% YoY to 27,968 units, while launches rise 4% YoY Average residential prices rise 9% YoY to INR 9,354 per sq ftBengaluru, July 09, 2026: Knight Frank India in its latest report, India Real Estate: Residential and Office (January - June 2026) H1 2026, cited that Bengaluru continued to reinforce its position as India's premier destination for Global Capability Centers (GCCs), recording 8.5 mn sq. ft. of GCC-led office space leasing in H1 2026, the highest among all cities. GCCs accounted for 60% of the city's total office transactions, highlighting sustained confidence from multinational cor...
ITC Hotels Signs Welcomhotel Mysuru, Karnataka.

ITC Hotels Signs Welcomhotel Mysuru, Karnataka.

Architecture, News
A New Address for Immersive Cultural and Leisure Experiences Bengaluru, 08 July 2026: ITC Hotels Limited today announced the signing of a management agreement for Welcomhotel by ITC Hotels Mysuru, a 99-key hotel in the culturally rich city of Mysuru, Karnataka. The signing marks another significant milestone in ITC Hotels’ growth strategy and further strengthens the presence of the Welcomhotel brand across key business and leisure destinations in South India.Anil Chadha, Managing Director, ITC Hotels Limited, said, “Mysuru is one of South India’s most distinguished destinations, known for its vibrant heritage, strong tourism appeal, and growing economic potential.  Welcomhotel Mysuru will further strengthen our presence in Karnataka and offer travellers a premium hospitality experi...
Investments in Indian Real Estate Diversify Geographically Amid Global Headwinds – Vestian

Investments in Indian Real Estate Diversify Geographically Amid Global Headwinds – Vestian

News, PROPERTY MATTERS
New Delhi, 8th July 2026: Geographical Diversification on the RiseUnlike the previous quarter, institutional investments in India's real estate sector witnessed broader geographic diversification in Q2 2026. Multi-city transactions accounted for nearly 60% of the total investment inflows, while the remaining 40% was distributed across India's top seven cities. Among individual markets, Chennai attracted the largest share of investments at approximately 16%, followed by Bengaluru at 11%. This shift reflects investors' growing preference for geographically diversified portfolios and underscores the expanding investment potential across India's major metropolitan markets despite persistent global economic headwinds.City % Share in Institutional Investments (Q2 2026)Multi-ci...
Oberoi Realty Achieves Gross Bookings of Approximately ₹8,109 Crore at Three Sixty North, Gurugram.

Oberoi Realty Achieves Gross Bookings of Approximately ₹8,109 Crore at Three Sixty North, Gurugram.

Architecture, News
Project records strong bookings, marking a significant milestone in Oberoi Realty's expansion into the National Capital Region National, 5th July, 2026: Oberoi Realty, India's leading real estate developer, has recorded gross bookings of approximately ₹8,109 crore at Three Sixty North, its first luxury residential development in the National Capital Region (NCR). The project has recorded bookings for approximately 13.52 lakh sq. ft. of RERA carpet area (23.10 lakh sq. ft. of saleable area), marking a significant milestone in Oberoi Realty's expansion into North India.Spread across approximately 14.8 acres on Golf Course Extension Road, Sector 58, Gurugram, Three Sixty North is a luxury residential development that has been envisioned to set a new benchmark for luxury living in the...
Prestige Group powers Bengaluru’s largest private green commitment, adopts 1.25 lakh native saplings towards One Million Tree Mission.

Prestige Group powers Bengaluru’s largest private green commitment, adopts 1.25 lakh native saplings towards One Million Tree Mission.

News
Undertakes three-year maintenance of native saplings under the Government of Karnataka and BDA's Bengaluru Urban Ecological Restoration Mission Bengaluru, June 27, 2026: Reinforcing one of the largest private environmental commitments made to Bengaluru, Prestige Group has adopted 1.25 lakh native saplings under the Government of Karnataka and Bengaluru Development Authority’s Bengaluru Urban Ecological Restoration Mission.The initiative represents a major milestone in the Group’s ambitious Prestige Green Promise – One Million Trees for Bengaluru, reaffirming its commitment to creating a greener, healthier and more climate-resilient city.Highlights of the Prestige initiative:1.25 lakh native saplings adopted 25 acres under restoration 3-year maintenance commitment ...
India office market remains firm at 35.7 msf leasing in H1 2026; albeit a cautious second quarter: Colliers India

India office market remains firm at 35.7 msf leasing in H1 2026; albeit a cautious second quarter: Colliers India

Business & Finance
Q2 2026 sees 17.4 msf of Grade A space uptake with a moderate YoY dip of 2%Technology sector drives 43% of conventional leasing during Q2 2026, followed by BFSI firms with 13% share Flex spaces account for over one-fourth of the total office space demand in Q2 2026 Bengaluru & Hyderabad cumulatively account for over half of the quarterly demand of office spaces in India New supply moderates to 10.7 msf during the quarter, majorly driven by additions in Bengaluru Bengaluru, 25 June 2025: Growth momentum of India’s office market has remained intact through the first half of 2026 despite a slower second quarter. H1 2026 recorded 35.7 million sq ft of gross leasing across the top seven cities, a 6% rise compared to the corresponding period in 2025. While Grade A space up...