Branded residences, resorts in India to hit Rs. 8,610 crore (US$ 1 billion) by 2027: Fine Acers

According to luxury resort developer Fine Acers, the market for branded residences and resorts in India is expected to reach Rs. 8,610 crore (US$ 1 billion) by 2027. The market is projected to grow 11-12% in FY26 and 15% by 2030. The primary drivers of this growth will be domestic leisure and business travel, with increasing demand from the Meetings, Incentives, Conferences, and Exhibitions (MICE) segment and rising foreign tourist arrivals further boosting the sector.

In the branded hotels segment, a 17% growth was recorded in FY25, with room additions expected to accelerate, mainly through the asset-light management contract model. The branded residences market is growing at 11% YoY, driven by positive economic trends, urban affluence, and increasing demand for lifestyle investment properties. Key cities such as Mumbai, Delhi- National Capital Region (NCR), Jaipur, Bengaluru, and Pune have become major hubs for branded residences, with emerging markets like Hyderabad and Ahmedabad growing rapidly. India, which currently accounts for 3% of the global supply of branded residences and resorts, is projected to contribute 22% by the end of the decade, attracting international brands like Wyndham, Marriott, and Accor and local innovators such as Fine Acers.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.