Where Spring Blooms in Every Stitch: What to Expect
Bahaar-e-Gul, the latest collection from the house of Sheetal Batra, is a poetic ode to nature’s bloom, capturing the gentle elegance of a garden in full flourish. Rooted in delicate craftsmanship and a timeless design philosophy, this collection seamlessly blends heritage embroidery with contemporary silhouettes, celebrating the essence of spring and summer.
The collection is dipped in soft pastel floral hues like daisy Ivory, gentle pink, and sunny lemon yellow and earthy neutrals like beige, soft off-rose, and muted green, evoking the warmth and serenity of nature’s palette.
Each piece in the collection is sprinkled with floral motifs, intricate embroidery, and appliqué work. Flowing silhouettes and airy fabrics embody an effortless grace, making every ensemble a vision of understated luxury. The artistry of Kashmiri Tilla embroidery is seamlessly woven into select pieces, adding a heritage touch to contemporary design.
Drawing inspiration from the artisanal traditions of northern India, the collection pays homage to time-honored embroidery techniques. The brand’s deep-rooted commitment to reviving heritage crafts is reflected in its detailing and dedication to hand-finishing. With over 150 artisans across India contributing their expertise, each garment tells a story of craftsmanship and legacy. True to the brand’s identity, Bahaar-e-Gul embraces signature elements such as crescent moon motifs and Banarasi-lined seams, ensuring that every creation carries a distinct, recognizable touch.
The designer’s journey in fashion has been profoundly shaped by her roots in Himachal Pradesh, where she was captivated by the lush beauty of Kashmiri Tilla embroidery. A defining moment in her career was designing her own wedding dupatta, which later became an iconic heirloom displayed in her flagship store. This experience began her vision of creating timeless pieces that transcend fleeting trends.
Whether through personalized appointments or in-store visits, every client is welcomed into an immersive world of timeless elegance, where the artistry of handcrafted fashion is brought to life. Bahaar-e-Gul is a celebration of timeless beauty—an invitation to embrace the poetry of nature, woven into every stitch.
Century WPC Revolutionizes the Louvers Market in India
Kolkata, India, 10th April 2025– Century, a trailblazer in the Indian home and commercial interior products industry, is proud to announce the launch of its premium quality product named louvers made from WPC (Wood-Plastic Composite), marking a significant step towards uplifting the Indian market for aesthetic and functional interior and exterior solutions. The product is being launched in the key cities of Delhi and Bangalore, with plans for a nationwide expansion.
CenturyWPC stands out as one of the pioneering national brands in India to tap into the expanding louvers market, presenting a distinctive product line. Unlike traditional interior louvers made from Charcoal or PS, which often fall short in durability and design, CenturyWPC aims to redefine industry standards. By utilizing WPC, a high-quality raw material, their offerings ensure improved strength, durability, and eco-friendliness.
In recent years, louvers have become increasingly popular in both residential and commercial settings throughout India. They have emerged as an essential feature in interior design, finding their way into living rooms, bedrooms, bathrooms, offices, meeting spaces, and cafeterias. Additionally, they are commonly found in restaurants, cafes, shopping malls, hotels, airports, and various other commercial venues. The Indian louver market is currently estimated to be around ₹2000 crores, driven by factors such as urbanization, ongoing development in residential and commercial sectors, and a growing consumer interest in enhancing interior aesthetics.
CenturyWPC’s louvers come with several distinguishing features that set them apart from other products in the market. This includes qualities such as their superior material, enhanced finish, robust performance, long-term assurance and aesthetic appeal that offers aesthetic solutions for both interior and exterior spaces. These are manufactured in their state-of-the-art facility in Badvel, Andhra Pradesh, with an additional investment of ₹5 crores in their existing PVC manufacturing unit. The manufacturing process follows rigorous quality control measures to ensure that only flawless products are sent to market, further ensuring customer satisfaction. And with an increased focus on sustainability and superior craftsmanship, CenturyWPC aims to deliver a product that not only meets the highest standards of quality but also provides long-term value to architects, interior designers, and end customers.
First-of-its-Kind Two-Level Lumbar Disc Replacement Surgery Explained
Greater Noida, 10 April, 2025: Fortis Hospital, Greater Noida, has achieved a historic medical milestone. For the first time in Uttar Pradesh—and for the first time within the Fortis Healthcare Group—a highly complex and rare two-level lumbar disc replacement surgery has been successfully performed by the hospital’s expert team. The rare procedure was carried out on Harpal Singh, a former Indian national medal-winning athlete, who has now fully recovered.
This type of surgery is considered rare globally. According to statistics, lumbar disc replacement accounts for less than 1% of all spine surgeries, and two-level lumbar disc replacement is performed in less than 0.1% of cases worldwide. Until now, only four medical centres in India have executed this complex procedure, with only three hospitals in the Delhi-NCR region being capable of performing it.
The challenging surgery was led by Dr Himanshu Tyagi (Head, Spine and Orthopaedic Surgery), along with Dr Mohit Sharma and Dr Rajesh Mishra. Crucial support was provided by Dr Bhoop Singh (Head, Anaesthesia), Dr Jagdish Chander (Head, Surgery Department), and an experienced vascular surgeon.
41-year-old Harpal Singh had been suffering from chronic lower back pain for several years. Despite undergoing a spine surgery in 2007, his condition deteriorated. Upon re-evaluation, disc degeneration at the L4-5 and L5-S1 levels and spinal instability at the L3-4 level were diagnosed. Considering his relatively young age and active lifestyle, the medical team decided to proceed with spinal fusion at L3-4 and artificial disc replacement at L4-5 and L5-S1.
Dr Himanshu Tyagi explained that the surgery was conducted in two stages using an anterior approach, a technique considered highly complex. This method involves risks to major blood vessels, abdominal organs, and nerves, potentially leading to internal bleeding, paralysis, or long-term disability. However, the experienced team at Fortis Greater Noida successfully carried out the surgery without any complications.
Post-surgery, Harpal Singh was able to walk the very next day and was discharged on the fourth day without any neurological issues. He can now walk independently and climb stairs with ease. The surgery has truly given him a new lease on life.
Speaking about this remarkable achievement,Dr. Praween Kumar, CEO & Facility Director, Fortis Hospital Greater Noida, said: “This groundbreaking achievement reflects the exceptional capabilities of our medical team and the advanced infrastructure at Fortis Greater Noida. Performing a two-level lumbar disc replacement with such precision is a rare feat, and we’re proud to bring this level of care to Uttar Pradesh for the very first time.”
Expressing his gratitude, Mr. Harpal Singh (Patient) shared:“I had almost lost hope after living with constant pain for so many years, I came all the way to India from Canada to get my treatment as the last resort. Thanks to the incredible doctors at Fortis Greater Noida, I feel like I’ve been given a second chance. Being able to walk pain-free again is nothing short of a miracle.”
This landmark success marks a significant milestone for the Fortis Healthcare Group and positions Fortis Greater Noida as an advanced centre for complex spine surgeries.
Philippe Vignon Appointed Managing Director at Glion
India, April 9th, 2025 – Glion Institute of Higher Education is proud to announce the appointment of Philippe Vignon as its new Managing Director, effective June 16th, 2025.
Founded in 1962, Glion is a prestigious Swiss institution recognized globally for its excellence in hospitality management and luxury education. With its rich heritage, commitment to excellence, industry connections, Glion has become a benchmark in the academic
world—shaping generations of leaders who elevate the hospitality, tourism, and luxury industries worldwide. The appointment of Philippe Vignon is a strategic decision to reinforce Glion’s identity as a Swiss-born global brand, and to accelerate its next phase
of development, innovation, and influence.
A profile in perfect harmony with Glion’s vision
With over 30 years of experience at the helm of major international organizations in sectors ranging from tourism and aviation to digital media and education, Philippe Vignon brings a rare combination of strategic insight, cross-cultural leadership, and operational
excellence. His career has been defined by transformative initiatives, business growth, and the ability to position brands as leaders in their respective domains.
Career highlights include:
- CEO, Geneva Tourism and Conventions: Transformed the institution into a high-performing Destination Marketing Organisation, leading to a 10% increase in regional tourism spending over four years.
- CEO, Edipresse Digital – Edipresse Group: Designed and executed a comprehensive digital strategy across more than 50 websites, accelerating the group’s transition to digital media.
- General Manager Commercial Switzerland, Italy, Germany & Eastern Europe, easyJet: Oversaw the airline’s most profitable bases, spearheaded the launch of easyJet in Geneva, and delivered 1.5 million new passengers within 18 months.
- L’Oréal Suisse SA: Advanced from Brand Manager to National Sales & Marketing Director, showcasing strong capabilities in brand development, team leadership, and commercial strategy.
His expertise also extends to several strategic advisory and board positions. He is a member of the Advisory Committee of the Doyof Al Rahman Program (Vision 2030, Saudi Arabia), and acts as a board advisor to Cabanner, a digital platform reinventing sustainable
and exclusive travel, and to Sky2Share, a Swiss aviation initiative promoting eco-conscious private jet sharing. He is also an independent board member of the Hôtel des Horlogers, an innovative sustainable luxury property developed by Audemars Piguet in the
Vallée de Joux.
Leading with purpose
Philippe’s extensive international background, his ability to align stakeholders across cultures, and his deep understanding of both business and education make him the ideal leader to further Glion’s mission. He will oversee Glion’s campuses in Switzerland
and the UK, forge strategic partnerships with key players in hospitality, tourism, and luxury, and enhance the student experience through innovation and operational excellence.
In addition, he will be tasked with spearheading Glion’s global expansion ambition, identifying new growth markets, fostering institutional collaborations, and scaling Glion’s influence in regions where excellence in hospitality education is in growing demand.
Philippe Vignon commented:
“Joining Glion means embracing a mission that transcends education—it’s about shaping the future of a vital global industry. Glion represents Swiss excellence, service refinement, and intellectual elegance. I am honored to lead this prestigious institution
and determined to elevate its global relevance and impact in a changing world.”Pierre Salles, Chair of the Glion Governing Board, stated:
“Philippe Vignon is a leader of vision and execution. His ability to transform and uplift organizations aligns perfectly with Glion’s DNA. We are confident he will reinforce Glion’s academic excellence while expanding its global footprint.”
Benoît-Etienne Domenget, CEO of Sommet Education, added:
“Philippe brings a rare blend of strategic clarity, operational experience, and human leadership. He fully understands the positioning of a Swiss heritage brand like Glion and will guide its expansion with authenticity and ambition. His appointment marks
a decisive step in our mission to educate the future leaders of hospitality and luxury.”
National Apprenticeship Promotion Scheme: Engage More
Chandigarh, India – April 9, 2025 – National Skill Development Corporation (NSDC) has partnered with Pandit Deendayal Energy University (PDEU), a leading autonomous state technical university, to launch a state-of-the-art Centre of Excellence for Skill Development. The two organisations formalised their alliance through a Memorandum of Understanding (MoU) signed at the Startup Mahakumbh in New Delhi. The initiative aims to equip learners with hands-on experience in manufacturing skill sets across critical sectors such as Energy, Health, Water, and Food.
The Centre of Excellence will focus on delivering specialized training in emerging technologies, including VLSI Design, Robotics, Artificial Intelligence (AI), Machine Learning, Internet of Things (IoT), Data Science, Cloud Computing, Cybersecurity, Smart Manufacturing, Blockchain, and more. With over 40 online and hybrid courses designed for students across ITI, Diploma, undergraduate, and postgraduate programs, this collaboration marks a significant milestone in advancing Skill India Mission, National Education Policy (NEP) 2020, and National Credit Framework by integrating vocational education and skill development into mainstream academia.
Shri Ved Mani Tiwari, CEO, NSDC & MD, NSDC International said, “Today, we partnered with Pandit Deendayal Energy University (PDEU) at the Startup Mahakumbh to strengthen the skilling ecosystem in the energy sector. This collaboration will support the development of training infrastructure in smart manufacturing, along with Centres of Excellence focused on automotive, EV charging, renewable energy, and semiconductors. Training in the semiconductor domain is already underway, paving the way for youth to gain practical exposure in high-demand, future-oriented fields.”
Dr. S. Sundar Manoharan, Director General, Pandit Deendayal Energy University, said, “We are proud to collaborate with NSDC under the visionary leadership of Mr. Ved Mani Tiwari. With their support, PDEU has transformed its infrastructure into a hub for advanced skill training, especially in high-demand sectors like renewable energy and semiconductors. Our newly launched ATMP Semiconductor Packaging Centre is designed to train students in back-end packaging, encapsulation, and other critical skills, creating a strong pipeline of industry-ready talent.”
PDEU has been at the forefront of energy education and skill development since its inception in 2007. The university has empowered students by integrating industry-standard manufacturing lines within its academic campus, including a 45 MW Solar PV Manufacturing Line and an ATMP Semiconductor Packaging Line. These facilities bridge the gap between academia and industry while fostering innovation in renewable energy technologies such as solar and wind energy, lithium and vanadium energy storage systems, carbon capture solutions, and smart hybrid grids.
“This marks a significant shift—where industry is now turning to academia for manufacturing-focused skilling. For the first time, experiential learning of up to 225 hours is being integrated into academic credits through the National Credit Framework. We deeply value NSDC’s continued guidance and support in building this impactful and scalable education model.” added Dr Manoharan.
Through this collaboration with NSDC, PDEU will further enhance its infrastructure by incorporating advanced manufacturing capabilities into the Centre of Excellence. The CoE will serve as a hub for skill development programs nationwide, targeting students from Tier-1, Tier-2, and Tier-3 institutions. It is aligned with key Sustainable Development Goals (SDGs), including SDG-4 (Quality Education), SDG-7 (Affordable & Clean Energy), SDG-13 (Climate Action), and SDG-17 (Partnerships for Goals).
To ensure seamless operations and sustainability, a Section 8 company will be established as part of this initiative. Jointly owned by PDEU and NSDC Trust, this entity will manage the CoE’s activities while creating an independent revenue stream through course fees. It will also support flagship national initiatives like Make-in-India and Aatmanirbhar Bharat by preparing students for core manufacturing processes and fostering self-reliance in critical industries.
The Centre of Excellence is expected to play a pivotal role in addressing India’s growing demand for skilled manpower as it prepares to have the largest working-age population by 2030. Through practical exposure delivered by industry-certified trainers provided by NSDC, the initiative seeks to enhance employability among students while contributing to India’s socio-economic development.
Anil Agarwal Foundation’s flagship Nand Ghar Reaches 8,000
Chandigarh, 9th April 2025: Nand Ghar, the flagship initiative of the Anil Agarwal Foundation (AAF), has achieved a significant milestone by transforming 8,044 Anganwadis into modern centres of holistic development for women and children. Spread across 15 states in India, this expansion underscores Vedanta’s commitment to rural development, impacting over 3 lakh children and 2 lakh women with early childhood education, nutrition, healthcare, and skill development.
Nand Ghars are modernised anganwadis with provision of state-of-the art facilities. In addition to enhanced infrastructural facilities, Nand Ghar incorporates smart education tools, interactive e-learning modules, BaLA designs, and smart TVs to make learning engaging for children aged 3-6 years. Each center is equipped with child friendly furniture, access to electricity, safe drinking water, and hygienic sanitation facilities, fostering a safe and nurturing environment. Beyond education, Nand Ghars combat malnutrition by facilitating fortified meals to children and essential nutritional support for pregnant and lactating mothers. Integrated healthcare services, including immunization drives and routine check-ups, further strengthen community well-being. Nand Ghar is also strengthening women empowerment by engaging community women in skill-building activities such as handicrafts, food processing, and retail, enabling them to earn an average monthly income of up to INR 10,000.
As Nand Ghar continues to scale its impact, last year marked significant achievements for the program. To combat malnutrition, Nand Ghar launched a two-phase distribution of protein-rich millet shakes, benefiting children across six states. Patented and FSSAI certified, this millet shake contains 23 essential vitamins and minerals and is crafted from a blend of ragi, bajra, foxtail and kodu millets. With the government’s focus on promoting the consumption of millets in daily diet, Nand Ghar’s initiative reaffirms its alignment with the national vision of fostering nutritional security through sustainable and locally sourced superfoods.
In March this year, AAF proudly inaugurated Maharashtra’s first-ever Nand Ghars, launching 25 new centers in Thane. Expanding its reach further, the Foundation is committed to establishing 20,000 more Nand Ghars across Rajasthan over the next two years, transforming rural communities on a scale.
The initiative is well-aligned with the Government of India’s vision for women and child development. The Ministry of Women and Child Development (WCD) empowers and supports mothers and their children under six years through various programs ensuring comprehensive childcare support in a secure environment with trained staff, educational resources, nutritional support, and activities for holistic child development. With around 14 lakh Anganwadi centres serving over 7 crore children under six years across the country, Nand Ghar’s model contributes significantly to enhancing the existing ecosystem and amplifying the government’s efforts in ensuring the well-being of children and women in rural India.
Speaking on the achievement, Priya Agarwal Hebbar, Chairperson, Hindustan Zinc Ltd. and Non-Executive Director, Vedanta Ltd., stated, “The journey of building 8,000 Nand Ghars reflects our deep commitment to transforming lives at the grassroots. These centers are not just reimagined Anganwadis, they are spaces of opportunity where children learn, grow, and thrive, and where women gain the tools to lead empowered, self-reliant lives. It is incredible to witness how Nand Ghar is evolving into a nationwide movement- one that is creating real change. Our partnership with the Government and the Ministry of Women & Child Development continues to strengthen this mission, helping us scale with purpose and bring meaningful change to communities across India.”
Adding to this, Mr. Shashi Arora, CEO, Nand Ghar, commented, “At Nand Ghar, we are committed to holistic community development, where impact is measured not just in numbers but in the lives we transform. By integrating smart learning, digital tools, and sustainable nutrition programs, we are redefining the Anganwadi ecosystem in India. Over the past year, we have introduced cutting-edge digital learning modules and expanded nutrition programs to ensure that every child receives a balanced meal daily aligned with the Poshan 2.0 guidelines. Flagship initiatives such as Khaana Khaaya Kya?, the millet bar and shake distribution drive, and our digital smart learning model have further reinforced our commitment to child development and women’s empowerment. We will continue to deepen our impact within communities, ensuring that early childhood education, nutrition, and women empowerment drive for meaningful and sustainable change.”
WCD’s Integrated Child Development Services (ICDS) Department is celebrating its 50 years in 2025, and Nand Ghar continues to set benchmarks in early childhood care and women’s empowerment. With this milestone, the program is reaffirming its mission to uplift India’s rural communities, ensuring that the nation’s children and women have access to quality resources for a brighter and healthier future.
From Espionage Thrills to Heroic Canines: Theatre Highlights
As we step into the second week of April, we are thrilled to present a dynamic lineup of films that are set to captivate audiences with their compelling storytelling, star-studded performances, and diverse genres. Whether you’re in the mood for pulse-pounding espionage, inspiring drama, animated fun, or high-voltage action, this week’s theatrical releases offer something for every kind of movie lover.
Here’s a look at the exciting releases you can catch only in theatres this week:
- The Amateur – A Riveting Espionage Thriller: The Amateur is a riveting vigilante espionage thriller directed by James Hawes, featuring Academy Award winner Rami Malek as a CIA cryptographer who turns undercover spy after a personal tragedy. When his wife is killed in a terrorist attack, he embarks on a relentless mission to take down those responsible. Inspired by Robert Littell’s 1981 spy novel, this high-stakes revenge drama boasts a stellar ensemble cast including Rachel Brosnahan, Caitríona Balfe, Jon Bernthal, Michael Stuhlbarg, and Laurence Fishburne. With its intricate screenplay by Ken Nolan and Gary Spinelli and gripping narrative, The Amateur is a must-watch for thriller lovers.
- Jaat – An Adrenaline-Fueled Action Drama: Prepare for a cinematic spectacle as Jaat marks the explosive collaboration between Bollywood icon Sunny Deol and acclaimed Telugu director Gopichand Malineni, known for his high-octane commercial entertainers. Coming fresh off the historic success of Gadar 2, Sunny Deol steps into another powerful avatar, squaring off against a formidable Randeep Hooda, who plays the menacing antagonist Ranatunga. Packed with larger-than-life action sequences, intense drama, and raw emotion, Jaat promises to be a mass entertainer that celebrates heroism, valor, and cinematic grandeur on an epic scale.
- Good Bad Ugly: It is a must-watch for every action cinema lover, featuring Ajith Kumar in never-seen-before avatars across multiple timelines, promising a high-octane narrative packed with intense action, gripping dialogues, and mass appeal. Directed by Adhik Ravichandran of Mark Antony fame, the film blends time-travel elements with a powerful story, delivering a larger-than-life cinematic experience that showcases Ajith’s versatility and star power in full glory.
- Dog Man – An Animated Adventure for All Ages: Based on Dav Pilkey’s beloved graphic novel series, Dog Man is an animated action-comedy that brings to life the hilarious and heroic adventures of a half-dog, half-man police officer. A spin-off and story within a story of Captain Underpants: The First Epic Movie (2017), it marks the second installment in the wildly popular Captain Underpants franchise. Sworn to protect and serve, Dog Man doggedly pursues the mischievous feline supervillain Petey the Cat, all while navigating a world full of chaos, friendship, and slapstick comedy. With its perfect blend of laugh-out-loud moments, thrilling action, and heartwarming messages, Dog Man is a treat for kids and families alike, promising a paws-itively unforgettable cinematic adventure.
- Akaal: The Unconquered – An Epic Tale of Bravery and Legacy: Starring and directed by the iconic Gippy Grewal, Akaal is a monumental historical drama that marks Dharma Productions’ powerful foray into Punjabi cinema. Based on true events, the film chronicles the valor and sacrifice of Sikh warriors, bringing to life a stirring story deeply rooted in Punjab’s rich cultural heritage. With its gripping narrative, grand visuals, and soul-stirring performances, Akaal stands as a cinematic tribute to the indomitable spirit of bravery and resilience. Distributed across India by Dharma Productions, this epic saga is set to leave a lasting imprint on audiences nationwide.
This week’s lineup at PVR INOX offers a rich tapestry of stories and genres, ensuring that every moviegoer finds their perfect pick. Additionally, audience can watch other new releases as well including Mammootty’s highly anticipated Bazooka (Malayalam) and sports-themed Alappuzha Gymkhana (Malayalam), Drop directed by Christopher Landon (Writer/director of Paranormal activity and Happy Death Day), the action-packed Marana Mass (Tamil) and others.
Gather your friends and family and immerse yourselves in these cinematic gems. Book your tickets now and be part of the movie magic!
Indian Retail Sector Records 2.4 Million Square Feet Growth
Kolkata, 9th April 2025 – Cushman & Wakefield, one of the largest and fastest growing real estate services firm in India today, released its Q1-2025 Retail Market Beat Report, highlighting the continued strength of India’s retail sector. According to the report, leasing activity crossed 2.4 Million Square Feet (MSF) in the first quarter of the year across the top 8 cities. This is a robust 55% year-on-year (yoy) growth and a 6% quarter-on-quarter (qoq) increase. Both Malls and Mainstreets contributed to this growth owing to the commencement of new supply in emerging locations.
The report highlighted that Hyderabad was the frontrunner in terms of leasing volume, contributing 34% (0.8 MSF) of the total leasing activity, with a staggering 106% yoy growth. Besides the prominent high streets such as HITEC City and Jubilee Hills, certain emerging high streets such as Kothapet, Secunderabad, Boduppal and Kompally also contributed immensely to leasing. Mumbai followed closely, accounting for 24% (0.58 MSF) of the total leasing volume and recorded a 259% yoy growth, largely owing to the emergence of new high street locations and the addition of new mall supply.
Delhi NCR also saw significant traction, capturing 17% (0.41 MSF) of the total leasing share, supported by strong demand in key submarkets and a 57% yoy increase. Retail activity here was largely led by premium brands, dining and entertainment concepts, reinforcing its status as a high consumption market.
Bengaluru and Chennai, meanwhile, exhibited stable yoy growth numbers with 0.19 MSF and 0.17 MSF of leasing respectively.
Retail Leasing across top cities (in MSF)
| City | Q1 2025 | Q1 2024 | Y-O-Y | City Share in Q1 2025 |
| Ahmedabad | 48,875 | 76,522 | -36% | 2% |
| Bengaluru | 1,90,268 | 1,86,400 | 2% | 8% |
| Chennai | 1,70,773 | 2,03,892 | -16% | 7% |
| Delhi NCR | 4,08,065 | 2,60,117 | 57% | 17% |
| Hyderabad | 8,07,097 | 3,91,500 | 106% | 34% |
| Kolkata | 37,500 | 39,200 | -4% | 2% |
| Mumbai | 5,77,442 | 1,60,997 | 259% | 24% |
| Pune | 1,68,335 | 2,37,787 | -29% | 7% |
| Pan India | 24,08,355 | 15,56,415 | 55% | 100% |
The report also observed that Mainstreets continued their domination of the leasing landscape, accounting for 2/3rd of the total leasing volume at 1.69 MSF, with premium high street locations in Delhi NCR, Mumbai, Bengaluru and Hyderabad witnessing heightened interest from retailers. Mall leasing, meanwhile, stood at 0.72 MSF for the quarter. Notably, Mumbai witnessed the highest lease share of 44% in Malls at 0.31 MSF. This was triggered by two Grade A malls becoming operational in the city, adding 1.3 MSF to India’s Grade A mall inventory, now standing at ~63 MSF.
In terms of category demand, the report observed that Entertainment and Fashion were the biggest space consumers in malls, capturing a 34 % leasing share at 0.35 MSF, whereas Fashion and F&B were most prevalent in main streets across the top-8 cities with 0.80 MSF of leasing volume.
Additionally, foreign brands accounted for around 8% of the transaction volumes to partake in India’s growing consumption story, while domestic brands drove over 92% of leasing activity, highlighting the strength of the homegrown retail expansion.
Looking ahead, mall leasing activity is expected to further pick up with close to 6.4 MSF of new mall supply expected across the top 8 cities by the end of 2025, 58% of which will be Grade A+.
Saurabh Shatdal, Managing Director, Capital Markets and Head-Retail, India said, “India’s retail sector is evolving at a dynamic pace, and the strong leasing activity in Q1 2025 reflects growing market confidence. We’re seeing a clear trend where retail demand is following new, quality supply—cities with fresh developments are witnessing heightened transaction volumes. Beyond traditional malls, new retail hubs are emerging within mixed-use developments, including office and residential complexes. With close to 7 million square feet of new supply expected over the next three quarters—largely comprising premium Grade A malls—we expect this positive momentum to continue well into the year.”
Sharing key insights from the top 8 cities below:
- Hyderabad’s retail leasing momentum remained strong in Q1 2025, witnessing a 2% QoQ increase and nearly doubling YoY. High streets continued to dominate, accounting for over 90% of leasing activity. Suburban locations led the market with a 61% share in leasing, led by key areas such as Kothapet, Nallagandla, and Kompally, while core locations like Jubilee Hills contributed 24% to the leasing volume. Homegrown retail brands accounted for 98% of leasing volume, underscoring their aggressive expansion in the city. Among retail categories, fashion accounted for a 27% share, followed by wellness (19%) and F&B (16%), underscoring the rising demand for lifestyle, health-conscious brands, and experiential dining options. No new Grade A retail mall supply was recorded in Hyderabad in the first quarter; however, the city is set to record retail supply of 2.8 MSF by 2027, with 1.7 MSF slated this year. Areas such as Kompally and Shamshabad will see fresh retail developments, catering to rising demand in these underserved locations. High Street rentals increased by up to 2% yoy on average, driven primarily by Jubilee Hills. Meanwhile, mall rentals remained steady.
- Mumbai’s retail real estate market saw witnessed leasing volumes rising 41% QoQ to 0.58 MSF. The surge was led by malls, which contributed 55% of total leasing (0.32 msf), aided by fresh occupancies in newly operational properties like Oberoi Sky City in Borivali and Aurum Square in Ghansoli. Superior grade malls remained the preferred choice, accounting for 90% of mall leasing, at 0.29 MSF. Main street leasing also rose 30% QoQ to 0.26 msf, with Andheri and Mulund witnessing heightened traction. In terms of segments, fashion brands led the charge in total leasing volumes, capturing a 39% share, followed by CDIT and F&B at 15% each. The influx of 1.3 msf in new supply pushed overall mall vacancy up to 8.03%, though this is expected to stabilize as new tenants become operational. Rentals reflected market confidence, with top main streets like Colaba Causeway and Kemps Corner seeing more than 10% YoY growth, while mall rentals rose 2–3% QoQ.
- Bengaluru’s retail leasing remained stable at 0.19 msf in Q1 2025, marking a marginal 2% YoY increase. Main streets accounted for 75% of leasing at 0.14 msf, while mall leasing stood at around 0.05 msf. Fashion segment dominated retail leasing during the quarter, contributing over 40% of the total lease volumes, followed by F&B segment with a 21% share. With no new mall supply in the first quarter and the Grade A mall inventory unchanged at 11 msf during the quarter, headline vacancy in Grade A malls fell by 60 bps at 6.8% during the quarter. Average vacancy rate in superior malls (Grade A+) remained tight at around 3%, highlighting the robust demand but inadequate supply of premium mall space. Quoted mall rentals remained unchanged on a qoq basis. Rental appreciation of 1-2% was recorded on a qoq basis across main streets such as Indiranagar 100 Feet Road, Koaramangala 80 Feet Road, HSR Layout 27th Main and Jayanagar 4th Block, 11th Main on the back of sustained space demand.
- Chennai’s retail sector recorded 0.17 million sq. ft. of leasing volume in Q1 2025, with main streets dominating at 0.16 million sq. ft., driving over 90% of the total activity. Northwest (38%) and Off-CBD (37%) submarkets led demand, with hotspots like Anna Nagar, T. Nagar, Perambur, Arcot Road, and Aminjikarai attracting retailers. The fashion segment accounted for 37% of Main Street leasing, nearly a 4x increase YoY, while accessories & lifestyle followed at 32%, showing a notable rise from last quarter. Mall leasing remained limited at just 0.01 million sq. ft., constrained by tight availability of Grade A space. Mall vacancy declined 14 bps QoQ to 14.13% in Q1. Rentals in key main streets like Usman Road North, Usman Road South, Adyar Main Road, Purasawalkam High Road, and Pondy Bazaar rose 3-4% QoQ, fueled by sustained demand from national brands, a trend expected to continue.
- Retail leasing in Delhi NCR reached 0.41 msf in Q1 2025, growing 1.5x q-o-q and 2.2x y-o-y, driven by main streets, which accounted for 61% of leasing. Gurugram had a 52% share in quarterly leasing, followed by Noida (40%) and Delhi NCT (8%). While main street leasing tripled y-o-y, mall leasing declined by 12% y-o-y. The Fashion and F&B segments led space take-up with 24% share each, followed by Entertainment (18%) and Department Stores (11%), with F&B leasing nearly doubling y-o-y. With no new mall completions in Q1, mall vacancy dropped by 38 bps in the quarter and 3.5 percentage points y-o-y to 12.1%, with superior malls maintaining tight vacancy (~3%) while non-superior malls saw ~20% vacancy. Main street rentals surged across key locations, with Galleria Market (Gurugram) witnessing a 20% growth y-o-y, Connaught Place (14%), Khan Market (7%), and Sector 29, Gurugram (12-15%), while South Extension and Rajouri Garden remained stable.
- Retail leasing activity in Pune rose sharply in Q1 2025 to 0.17 msf, recording a nearly 60% increase over the previous quarter. Malls led the momentum, contributing 66% of the overall leasing (~0.11 msf)—a near 2X growth Q-o-Q. Nearly 50% of the mall leasing activity was concentrated in suburban precincts such as Solapur Road, Hadapsar, and Nagar Road. Fashion segment dominated leasing in the first quarter with a 25% share, followed by entertainment at 17% and departmental stores at 15%. Meanwhile, Main Street leasing hit 57,630 sq ft —up 17% Q-o-Q and 22% Y-o-Y- with peripheral locations capturing a 63% share with all the leasing activity occurring in precincts such as Akurdi and Pimpri-Chinchwad. The entertainment category dominated with a 56% share, followed by the wellness category with 9% and the footwear category with 4%. Mall vacancy held steady at 7.1%, with no new supply added during the quarter. Superior Grade malls maintained tight vacancies in the 5–6% range, reflecting sustained demand for quality space. Main street rentals jumped 6–7% Q-o-Q, with prominent appreciation in FC Road, Aundh, Bund Garden, and Baner-Balewadi. Meanwhile, mall rentals remained largely stable, with a few Superior Grade malls witnessing 8–9% growth due to consistent traction.
- Ahmedabad recorded retail leasing volume of ~50,000 sq ft, a 36% drop as compared to the same period last year. Main streets led with a dominant 87% share in leasing while the remaining was contributed by malls. Fashion (53%) and lifestyle and accessories brands (39%) led demand in the first quarter in terms of segments. Prominent main streets such as Sindhu Bhavan Road, Nikol, and Iskcon-Ambli Road contributed to ~6% of the overall mainstreet leasing. Mainstreet retail between Sarkhej to Thaltej locations (SG Highway) have shown appreciation of 5-6% on qoq basis and 9-10% on yoy basis.
- Retail leasing in Kolkata remained steady in Q1 2025 at approximately 37,500 sq. ft., witnessing a marginal 4% YoY dip. High streets remained the epicentre of activity, accounting for over 90% of leasing amid limited availability in Grade A malls. Prime CBD stretches like Theatre Road, Elgin Road, and Chowringhee Road attracted strong demand from fashion and F&B players, while locations such as Alipore and Chinar Park also saw healthy traction. In terms of overall leasing transactions, fashion dominated with over 50% share, followed by F&B (30%) and accessories & lifestyle brands (11%). No new mall supply was added during the quarter, though upcoming completions in Joka and Alipore are expected to add 1.35 msf of space later in the year. Grade A mall vacancy remained extremely tight at 2.6%, reflecting sustained demand for quality retail space. Rentals across malls and main streets remained stable, with minor upticks of 1–2% in select suburban high streets like Gariahat and Kankurgachi.
India Added 25.3 GW of Solar Module Growth in 2024
April 09, 2025 – In calendar year (CY) 2024, the country added 25.3 gigawatts (GW) of solar module and 11.6 GW of solar cell capacity, according to Mercom’s recently released State of Solar PV Manufacturing in India 2025 report.
Manufacturing capacity additions in 2024 were primarily driven by demand for the solar project pipeline and the reimposition of the ALMM order from April 2024.
The top 10 manufacturers accounted for over 54% of the module and almost 100% of cell production capacity as of December 2024.
About 80% of the installed module manufacturing capacity was equipped to manufacture solar modules in M10 and G12 wafer sizes. Approximately 64.6 GW of the total module production capacity was listed under the ALMM order, as per the updated List–I issued by the MNRE as of January 6, 2025.
Monocrystalline modules, with or without Passivated Emitter and Rear Cell (PERC) technology, accounted for almost 59% of the country’s module production capacity, followed by Tunnel Oxide Passivated Contact (TOPCon) modules, polycrystalline modules, and thin-film modules.
Based on the current pipeline, TOPCon modules are anticipated to account for over 58% of the annual module production capacity and over 64% of the cell production capacity by 2027, followed by monocrystalline, Heterojunction (HJT), and other technologies.
“While India’s solar capacity additions have been impressive, the availability of domestically made modules and cells still lags. Average selling prices remain high, sourcing is a challenge, and now the new U.S. tariffs have added more uncertainty. For India to achieve its 280 GW solar target by 2030, it must address these bottlenecks and align its manufacturing capacity expansion policies with its development goals. For manufacturers, relying on exports as a growth strategy is looking increasingly risky right now,” said Raj Prabhu, CEO of Mercom Capital Group.
Gujarat was the most preferred location for installing photovoltaic (PV) manufacturing facilities, with 42% of the country’s module capacities located in the state. As of December 2024, Gujarat accounts for over 37% of the country’s annual solar cell production capacity, the highest in the country.
Tamil Nadu and Rajasthan were the other top states, accounting for over 10% and over 8% of the country’s solar module production capacity, respectively. Karnataka and Tamil Nadu were second and third, with solar cell production units contributing to over 18% and 12% of the country’s total capacity, respectively.
Various public sector and government entities issued tenders totaling 9.9 GW to procure solar modules in 2024, representing an increase of over 6% YoY. In 2024, 1.7 GW of module and 11.3 MW of cell supply auctions were concluded.
In 2024, a total of 65.9 GW of solar modules and cells were imported. Modules accounted for over 36% of the imports, while cells made up nearly 64%.
In 2024, domestic manufacturers exported 4.5 GW of solar modules, representing a 6% decrease from the 4.8 GW exported in 2023.
Key Highlights from the Report:
- India added 25.3 GW of solar module capacity and 11.6 GW of cell capacity in CY 2024
- Gujarat, Tamil Nadu, and Rajasthan were the top three states for solar module manufacturing
- As of December 2024, monocrystalline with or without PERC technology accounted for nearly 59% of the country’s module production capacity, followed by TOPCon with almost 28%
- Monocrystalline accounted for over 68% of the country’s cell production capacity, followed by TOPCon (over 26%)
- The top three states for solar cell manufacturing capacity were Gujarat, Tamil Nadu, and Karnataka