14, May 2026
Executive Chef Appointment | voco Amritsar appoints Sumit Kumar as Executive Chef
voco Amritsar appoints Sumit Kumar as Executive Chef A seasoned culinary expert, Sumit Kumar will drive innovation across dining and banqueting experiences
National, 14 May 2026: voco Amritsar has announced the appointment of Sumit Kumar as Executive Chef. In his new role, he will spearhead culinary strategy and operations across the hotel’s restaurants, in-room dining and banqueting spaces. Sumit will also be heading the menu development, kitchen standards, team training and guest dining experiences at voco Amritsar.
Chef Sumit brings over 16 years of international culinary experience, specialising in Italian and Progressive Indian cuisine. Over the course of his career, he has worked with leading hospitality brands including ITC Hotels, Hyatt, Radisson Hotel Group, Marriott International and IHG Hotels & Resorts.

His professional journey has also taken him across international destinations such as Saudi Arabia, Dubai, England and Japan, where he gained valuable exposure to diverse culinary traditions and global dining standards.
Speaking on the appointment, Manish Yadav, General Manager, voco Amritsar, said: “Culinary experiences play a vital role in shaping memorable guest stays, and at voco Amritsar, this remains a key focus. Chef Sumit’s global exposure, creativity, and leadership will further strengthen the hotel’s dining and banqueting offerings. The team is delighted to welcome him on board and looks forward to the innovation and excellence he will bring to the culinary experiences at voco Amritsar.
Commenting on his new role, Chef Sumit Kumar said: “I am excited to join voco Amritsar, a brand known for its warm hospitality and vibrant guest experiences. I look forward to working with the team to craft menus that celebrate seasonal ingredients, refined techniques and global flavours, while creating memorable dining experiences for our guests.”
Sumit is passionate about discovering new ingredients, exploring diverse cuisines, and immersing himself in culinary traditions from around the world. His culinary philosophy is guided by a strong focus on authenticity, craftsmanship, and a deep respect for locally sourced produce. At voco Amritsar, Sumit Kumar will helm the kitchen brigade, curating distinctive dining experiences while bringing voco’s core philosophy of ‘reliably different’ to life through thoughtfully crafted gastronomic offerings.
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- By Neel Achary
14, May 2026
Indian Markets Rebound as Domestic Flows Stay Strong Despite Global Risks
India’s equity markets staged a sharp recovery in April 2026, supported by resilient domestic inflows, improving earnings expectations and hopes of easing geopolitical tensions in the Middle East, according to Tata Mutual Fund’s latest “Equity View” report for May 2026.
The Nifty 50 climbed 7.46% during April to close at 23,997, while the Sensex gained 6.9%, reversing part of the correction seen earlier this year. The report said bullish sentiment returned as volatility eased and investors priced in a potential stabilization in crude oil prices.
Broader markets outperformed benchmark indices during the month. The Nifty Midcap 150 surged 13.24% in April, while the Nifty Smallcap 250 jumped 17.1%, reflecting renewed risk appetite among investors.
However, the report cautioned that large-cap stocks currently offer better risk-reward opportunities than mid- and small-caps due to more reasonable valuations and stronger earnings visibility.
Domestic Investors Continue to Anchor Markets
Domestic institutional investors (DIIs) remained a major support for Indian equities even as foreign institutional investors (FIIs) continued to pull money out of the market.
FIIs were net sellers to the tune of $5.9 billion in April 2026 amid concerns over rising crude prices, geopolitical tensions and weakness in the rupee. In contrast, DIIs recorded inflows of $5.4 billion during the month, taking total domestic inflows in calendar year 2026 to $32.6 billion.
The report highlighted the growing influence of domestic mutual funds in Indian equities. Mutual funds now own 11.3% of India’s total market capitalization, up sharply from 4.3% a decade ago. Assets under management have climbed to nearly $800 billion, driven largely by strong retail participation and systematic investment plans (SIPs).
Banking, Manufacturing and Pharma Seen as Key Growth Drivers
Tata Mutual Fund expects corporate earnings growth to recover in FY27 after downgrades in FY25 and FY26. The report identified banking, manufacturing, capital goods and pharmaceuticals as sectors likely to benefit from the next phase of growth.
Banks are projected to deliver 15-20% growth in FY27, supported by improving credit demand, benign asset quality trends and recovery in net interest margins after expected bottoming out in FY26.
Credit growth has already shown signs of acceleration. Bank credit expanded to 17.1% in March 2026 as rising government bond yields made bank borrowing cheaper than bond issuances for corporates. The report expects retail lending, infrastructure financing and MSME borrowing to remain key growth drivers going forward.
Meanwhile, capital goods and utilities continued to gain weight in mutual fund portfolios. Allocation to capital goods rose to a 17-month high of 7.8% in April, while utilities climbed to a 19-month high of 3.9%. Technology sector allocation, however, dropped to an eight-year low.
Crude Oil and Geopolitics Remain Key Risks
Despite optimism around domestic growth, the report flagged crude oil prices and global geopolitical developments as the biggest near-term risks for Indian markets.
Brent crude averaged $121.63 per barrel in April 2026 following supply disruptions and infrastructure damage in the Middle East. Global crude supply reportedly fell to 97 million barrels per day in March from 107 million barrels per day in February due to regional conflict.
The report warned that India remains vulnerable to higher oil prices because of its dependence on imports, adding that rising crude and geopolitical uncertainty also contributed to rupee weakness. The Indian currency averaged 93.31 against the U.S. dollar in April and remained among the weakest-performing Asian currencies over the past year.
GDP Outlook Remains Strong
India’s macroeconomic outlook remains resilient despite global uncertainty, the report said. The Reserve Bank of India expects GDP growth of 7.4% in FY26 and 6.9% in FY27, supported by domestic demand, agricultural recovery, construction activity and resilient services growth.
Inflation also remained relatively contained, with consumer price inflation at 3.4% in April 2026, while the RBI kept the repo rate unchanged at 5.25% during its latest monetary policy meeting.
India’s foreign exchange reserves rose to $690.69 billion in April, providing a strong external buffer amid currency volatility and global uncertainty.
Valuations Turn More Reasonable
The report said Indian equities are now trading at more reasonable valuations after recent corrections. The Nifty 50’s one-year forward price-to-earnings multiple stood at around 19.1x, below its 10-year average of approximately 21x.
While India still trades at a premium to other emerging markets, that premium has narrowed considerably. The Nifty 50’s valuation premium over the MSCI Emerging Markets index declined to 60.2% by the end of April 2026 from 77% in March 2025.
The report concluded that a balanced portfolio approach with greater emphasis on large-cap stocks, selective exposure to mid- and small-caps, and a focus on earnings upgrades could help investors navigate a range-bound but improving market environment.
14, May 2026
PanIIT Alumni India and GoK to organise day-long PanIIT Bangalore Summit 2026 on May 16
14, May 2026
Karnataka Governor Thawar Chand Gehlot to Inaugurate PanIIT Bangalore Summit 2026, India’s Flagship AI & Deep Tech Leadership Summit
Bengaluru, May 14: PanIIT Bangalore Summit 2026, presented by the Government of Karnataka and convened by Pan IIT Alumni India Association, will be inaugurated by Honourable Governor of Karnataka, Shri Thawar Chand Gehlot on May 16 at Taj Yeshwantpur, Bengaluru. Positioned as India’s flagship AI and deep–tech leadership summit, the event will bring together 2,000+ delegates, including 250+ founders, 120+ investors, and participants from across the global IIT ecosystem of 500,000+ alumni across 23 IITs.
The summit, under the theme “Sovereignty in Technology,” comes at a time when India’s position in the global innovation economy is under sharper scrutiny. The concept note says India produces nearly 16% of global AI talent but spends just 0.7% of GDP on R&D, creating a gap between the depth of its talent and its ownership of technology. It argues that while India continues to supply skilled engineers to the world’s leading technology powers, the country must now build stronger capabilities in foundational technologies, infrastructure, and scientific research.
Bengaluru, the host city, is central to that conversation. The concept note describes Karnataka and Bengaluru as the epicentre of India’s technology ambitions, citing the state’s position among India’s top GDP-contributing states and Bengaluru’s role as the country’s leading hub for venture capital investment. It traces the city’s technology journey through multiple waves, beginning with public-sector and strategic institutions such as HAL, NAL, BHEL and DRDO, followed by the rise of IT services leaders such as Infosys, TCS, HCL and Wipro, the consumer-tech wave, and the product and SaaS wave. The current phase, it says, is the fifth wave: deep technology, artificial intelligence and scientific innovation.
The summit has been designed as a platform for execution rather than discussion alone. According to the materials, the programme will include high-level plenaries, deep-dive panels and parallel tracks across AI, defence, semiconductors, energy, mobility and healthcare. A curated pitch-a-thon will connect high-potential startups with 200+ venture capitalists, while 10,000+ participants of hackathon will tackle real-world challenges sourced directly from the Government of Karnataka, with the best solutions considered for real deployment at scale in the state.
The speaker lineup brings together leaders from government, science, business and the startup ecosystem. Confirmed participants include Gurudev Sri Sri Ravi Shankar, Dr. V. Anantha Nageswaran, Chief Economic Advisor to the Government of India, Dr. Shalini Rajneesh, Chief Secretary, Government of Karnataka, Shivkumar Kalyanaraman, CEO of ANRF and former CEO of India AI Mission, Venkat Padmanabhan of Microsoft Research India, Irina Ghose of Anthropic India, Vidit Aatrey of Meesho, Harsh Jain of Groww, Tarun Mehta of Ather Energy, Phani Kishan Addepalli of Swiggy, Pawan Kumar Chandana of Skyroot Aerospace, and Bharat Goenka of Tally Solutions.
The Government of Bihar will be sending two MLAs to participate in this mega event. Shri Ruhail Ranjan, MLA, Bihar, a technocrat and social worker, said that the Government of Bihar would like to host a similar event in the future to showcase the state’s development and opportunities.
Mr Prabhat Kumar, Chairman (IRS), Pan IIT Alumni Association, said, “The future global economy will be shaped by nations that control AI capability, compute infrastructure, and deep–tech ecosystems. India cannot remain only a consumer of global technology. It must become a producer of globally influential innovation.”
General Secretary Mr. Ashok Kumar said, “The countries that will lead the next global economic cycle will be those that convert research into execution. India has the demographic advantage, entrepreneurial energy, and technological capability. What we need now is stronger collaboration between industry, research, startups, and policy.”
Summit Chair Neeraj Kumar said, “Bengaluru showed the world that Indian talent can build globally respected technology enterprises. This summit aims to deepen that momentum by creating partnerships that move beyond discussion into investment, deployment, and long-term innovation.”
Pan IIT Alumni India is the national federation representing over 500,000 IIT graduates across 23 IITs, with a global presence in 27 countries. Established in 2002, it has evolved into a nation‑building institution, linking talent with government, industry, and academia. Through the Pan Pre-eventIIT Alumni Foundation, it has built one of India’s largest vocational and livelihood education networks in partnership with the Ministry of Rural Development and KVIC. Aligned with the Viksit Bharat Abhiyan, PanIIT drives initiatives in AI, sustainability, entrepreneurship, and skill development, positioning IIT alumni as a strategic resource for India’s innovation decade.
14, May 2026
HDFC Life collaborates with the Kolkata Knight Riders to spread the message of financial preparedness

Mumbai, May 14: HDFC Life, one of India’s most trusted and leading life insurers, has launched the campaign ‘Kal Ka Plan’. The campaign is aimed at highlighting the importance of being financially prepared with life insurance solutions offered by HDFC Life, and will be propagated through digital avenues. It has been launched across India leveraging the on-going cricket season and HDFC Life’s association with the Kolkata Knight Riders (KKR).
Speaking on the campaign, Pritika Shah – Head – Marketing, HDFC Life – commented, “Driving deeper connect and affinity amongst audiences at a mass scale has been a core focus area for us. The digital campaign leverages on our association with the Kolkata Knight Riders and presents relatable cricket-based scenarios to explain the benefits of being financially prepared. We trust that this will resonate with audiences and encourage them to take their first step towards financial security, thereby ensuring a life of pride for their families.”
14, May 2026
ENTECH 2026 ready to roll with new attractions
SYDNEY, 14 May 2026 – ENTECH, Australia’s longest-running AV trade roadshow and the only event for AV and entertainment technology professionals that visits every major population centre, is back for 2026. Starting next week it will tour five cities across the country with a packed one-day program of seminars, hands-on demonstrations and its new Tech Train.

ENTECH Roadshow to Experience event
The ENTECH Roadshow kicks off in Sydney on Tuesday 19 May followed by Brisbane on Thursday 21 May, Melbourne on Tuesday 26 May, Adelaide on Thursday 28 May and wraps up its Australian tour in Perth on Tuesday 2 June.
A highlight of every city stop, the Tech Train runs three times daily departing at 12pm, 1:30pm and 3pm from the NW Group ENTECH Theatre. Hosted by Keils, the guided floor walk takes attendees through exhibitor stands to see the latest products and technologies in action.
ENTECH CEO Kate McKenzie explained, “The Tech Train is the fastest way to get across what’s new without missing a thing.”
This year ENTECH also introduces two brand-new interactive demo zones, an Audio Demo Zone and a Tech Demo Zone, running back-to-back 15-minute sessions throughout the day.
McKenzie added, “Both zones offer attendees a close-up look at new systems from leading manufacturers, with audio sessions running from 11:30am and Tech sessions from 12:30pm.”
The Keynotes will be in the NW Group Theatre with hot topics at midday including Electrical Compliance to which McKenzie added, “Here our industry will detail the current hot mess of state-by-state regulations, Test and Tag and the dreadful new electrical Certificate of Compliance risk. Australia and New Zealand are the only places on earth that do Test and Tag in such a shambolic manner, and the eCoC is real: ENTECH will meet it at one of our venues.”
Immediately after the keynote, attendees can join Susan Twartz as she seeks to unify the challenging induction regimes, with some solid examples of a unified venue approach. Sessions run all day in the Theatre and like all ENTECH experiences, they are free.
The main event is the trade show itself which features most major distributors across pro audio, lighting, staging and vision for the entertainment and installation markets. With 60 stands the floor is bust and all attractions are contained within the show so it is easy and efficient to navigate, making even the most time poor people happy.

ENTECH CEO Kate McKenzie
Kate McKenzie concluded, “Running since 1994, ENTECH is a one-day trade event designed for integrators, AV designers and end-users who want direct access to top suppliers and manufacturers. The compact format keeps things sharp, so exhibitors focus on key and new products only and conversations on the floor are worth having. With 30% of attendees carrying annual budgets of $100K or more, it’s a quality crowd.”
After the Australian ENTECH the roadshow is staged fresh in NZ, opening at the new Auckland International Convention Centre on Tuesday 28 July then rolling Thursday 30 July into Lower Hutt Events Centre in Wellington, and crossing the straight to Te Pae in Christchurch for Tuesday 4 August.
Attendance is free for trade guests.
14, May 2026
Sdeira Group and Metal Park sign MoU – Integrated Workforce and Infrastructure in the UAE
UAE, 14 May 2026 – Sdeira Group has signed a Memorandum of Understanding with Metal Park, the world’s first pay-as-you-go metals ecosystem located in KEZAD, to co-develop a customised staff accommodation community in KEZAD Al Mamourah A dedicated to Metal Park’s companies and the wider metals manufacturing and operations base. The collaboration brings together Sdeira’s integrated group-living platform and Metal Park’s innovative industrial model to create a workforce community designed around the specific needs of metals industry tenants and end users.
Metal Park, a 500,000 sqm ecosystem launched in KEZAD with an investment of AED 430 million, is engineered to help downstream metals businesses scale using a flexible, pay-as-you-go framework, supported by production, storage and business hubs in one connected destination. By aligning a dedicated accommodation community with this ecosystem, the MoU aims to ensure that the people powering metals production benefit from the same level of planning, integration and operational efficiency as the industrial assets they serve.
The planned community will leverage Sdeira’s experience in developing and operating integrated workforce environments close to industrial and logistics corridors, ensuring organised movement, shared services and daily-life support that are closely mapped to shift-based operations and safety requirements in metals manufacturing. For Metal Park tenants, this is intended to translate into improved workforce attraction and retention, reduced commuting time and a more stable operational base within KEZAD.
Commenting on the MoU, a Sdeira Group spokesperson said:
“Sdeira Group is redefining group living communities in industrial and economic zones, to be integrated ecosystems enabling industries and enforcing infrastructures, and that aligns with Metal Park’s scalable and flexible model, which marks the importance of this partnership through co-planning a customized staff accommodation community in KEZAD Al Mamoura A.”
A representative of Metal Park added:
“Our ecosystem is built to remove complexity and heavy upfront investment for metals businesses. Partnering with Sdeira allows us to offer a more complete proposition to our members—linking advanced industrial facilities with high-quality, well-managed accommodation within the same strategic industrial zone.”
The MoU forms a part of Sdeira’s broader program at Make it in the Emirates 2026, where the Group is highlighting how integrated group living can act as critical infrastructure for industrial clusters across KEZAD and beyond.
14, May 2026
Knowledge Realty Trust, India’s largest REIT , delivers strong Q4 & FY26 results

FY26 Revenue up 16% YoY; NOI up 18% YoY; Rs 21,019 million distributions since listing in Aug’25
Mumbai, India, May 14: Knowledge Realty Trust, India’s largest1 and most geographically diverse office REIT, announced its quarterly and year ended March 31, 2026, results, today.
KRT was included in FTSE All World, All Cap and Nareit Global REITs indices in FY26, reflecting growing global investor recognition. The company also saw broadening participation across investor classes, with the unitholder base more than doubling since listing.
Business Highlights:
•AI resilient portfolio backed by three attributes – 45% of gross rentals from GCC occupiers; Negligible exposure to traditional IT Services sector; and 31% of portfolio value in Front Office assets
•In Q4 FY26, achieved gross leasing of 1.1 million square feet taking cumulative leasing for FY26 to 3.5 million square feet and portfolio occupancy to 92%
•In FY26, in-place rents grew 7% YoY and achieved strong leasing spreads of 26%
•Rents achieved on new leasing in FY26 were at 5% premium to market rents reflecting superior asset quality and embedded pricing power
•Front office demand drove Central Mumbai portfolio occupancy up 10% YoY. Rentals achieved for leasing during the year up 27% YoY
•Expansions by existing tenants contributed to 56%2 of new leasing done in FY26, evidencing strong occupier satisfaction and long-term relationships
•Achieved annual escalations in over 87% of FY26 leasing
•Sizeable mark-to-market potential of 25% supported by a well-phased lease expiry profile
•Commenced construction of a new 1.4 million square feet block at Sattva Global City in Bengaluru, over and above existing under construction portfolio of 1.2 million square feet
Financial / Distribution Highlights:
•FY26 Revenue grew 16% YoY to Rs. 45,772 million. NOI up 18% YoY to Rs. 40,484 million translating to NOI margin of 88%
•Raised debt of Rs 42,000 million in FY26 at a blended cost of 7.3%
•During FY26, high-cost debt replacement, rate re-negotiations & rate cuts reduced cost of debt from 8.6% to 7.2% • Low LTV of 18% enables significant headroom for inorganic growth
•Declared distributions of Rs 7,166 million or Rs 1.62 per unit for Q4 FY26 taking cumulative distributions since listing in Aug’25 to Rs 21,019 million or Rs 4.74 per unit.
Shirish Godbole, Chief Executive Officer of Knowledge Realty Trust, said,
“We are delighted to report strong FY26 operating performance and robust distributions of Rs. 21,019 million (Rs. 4.74 per unit since listing. We are happy to inform that KRT was included in FTSE All World, All Cap and Nareit Global REITs indices in FY26, reflecting growing global investor recognition. Encouragingly, we continue to see broadening participation across investor classes, with our unitholder base more than doubling since listing. We enter FY27 with strong operating momentum, a resilient balance sheet and multiple visible growth levers.”
Quaiser Parvez, Chief Operating Officer of Knowledge Realty Trust, said,
“During FY26, we saw robust leasing momentum led by expansions from existing marquee tenants, resulting in revenue growth of 16% YoY. NOI grew 18% YoY to Rs. 40,484 million with industry-leading margins. We achieved cumulative leasing of 3.5 million square feet for the year ended March 2026 at an average spread of 26% driven by global and domestic occupiers. With an AI resilient portfolio representing one of India’s finest Grade-A office ecosystems, concentrated in the strongest markets of the country, we are well positioned to deliver sustainable growth to our unitholders.”
Investor Materials and Quarterly Investor Call Details
Knowledge Realty Trust has released a package of information on the results and performance, which includes an earnings presentation covering Q4 & FY26 results. All these materials are available in the Investor Relations section of our website at www.knowledgerealtytrust.com. Knowledge Realty Trust will host a conference call on Wednesday, May 13, 2026, at 16:30 hours Indian Standard Time to discuss the Q4 & FY26 results. A replay of the call will be available in the Investor Relations section of our website at www.knowledgerealtytrust.com.
14, May 2026
J. Kumar Infraprojects Achieves TBM Breakthrough on DMRC Corridor
May, 14 : J. Kumar Infraprojects Ltd. (JKIL) today announced the successful breakthrough of Tunnel Boring Machine at Mahipalpur, marking a critical progress milestone on Contract DC-08 awarded by Delhi Metro Rail Corporation (DMRC).

The breakthrough forms part of a technically complex underground package covering the design and construction of twin tunnels, a crossover box, and four underground stations along the Aerocity to Tughlakabad corridor of DMRC Phase-IV, one of the most significant urban metro expansions currently underway in India.
The TBM drive was executed under sustained adverse ground conditions: hard strata interspersed with unexpected boulders, micaceous zones, and continuous water ingress throughout the alignment. The most significant challenge was a stretch of nearly 300 metres beneath multiple interconnected ponds, creating persistent hydrostatic pressure and highly sensitive surface conditions that required continuous monitoring and real-time geotechnical intervention.
The breakthrough at the diaphragm wall at Mahipalpur was achieved without compromise to safety or structural integrity; a result of disciplined engineering execution and coordinated on-ground effort sustained across the full duration of the drive.
Dr. Nalin Gupta, Managing Director, J. Kumar Infraprojects Ltd. said:
“The TBM drive at Mahipalpur tested us in ways that few projects do. The geotechnical conditions were among the most demanding we have worked through, but the team never lost focus. What broke through that D-wall was not just a machine. It was months of precision, persistence, and collective resolve. This is what JKIL is built on.”
The Mahipalpur breakthrough adds to JKIL’s expanding record of complex underground works under DMRC. The company currently operates seven TBM machines across active project sites and has established itself as one of DMRC’s most prominent contractors by order book.
14, May 2026
UAE hits new heights in wellness real estate
Keturah founder says government vision and national mandates have made human wellbeing a development priority

Dubai, UAE, May 14: Dubai luxury developer Keturah has welcomed a new global report showing the UAE as one of the world’s fastest-growing wellness real estate markets, saying the findings reflect a fundamental shift in how the industry must think and build.
The study, released earlier this week by the Global Wellness Institute (GWI), reveal that wellness real estate now represents over 12% of all construction in the UAE, where the market grew from $3.3 billion to $14.6 billion between 2017 and 2025.
With the global market projected to more than double from $876 billion in 2025 to $1.8 trillion by 2030, the report says over 555,000 wellness-focused residential units now in the pipeline across the UAE and Saudi Arabia alone.

Talal M. Al Gaddah, CEO and Founder of the Keturah luxury brand, said today: “The UAE‘s growth in this sector is the direct result of government vision and national mandates that have made human wellbeing a development priority, and policy will continue to shape the market.”
He says the GWI, the leading research organization for the global wellness industry, is fully justified in defining wellness real estate as a response to, and a correction of, past “unwell” development.
“For too long the industry built environments that looked impressive, but took little account of the health and quality of life of the people living in them,” said Talal. “Those days are over. It is no longer just about energy ratings or green certifications. The social, physical, mental and community dimensions of how people actually live create a far more meaningful standard today.”
Two Keturah projects under development in Dubai are built around these principles. The Ritz-Carlton Residences at Keturah Resort is the Middle East’s first fully wellness-certified resort. Located on the shores of Dubai Creek, adjacent to the Ras Al Khor Wildlife Sanctuary, it comprises 12 water front mansions, 193 apartments, a five-star boutique hotel, standalone wellness centre and private marina.
Meanwhile, Keturah Reserve, the AED5.7 billion bio-living community at Mohammed Bin Rashid City’s District 7, is a 540-home development of low-rise apartments, townhouses and villas designed around nature, natural light and the science of daily wellbeing.
The GWI report highlights nature, culture and heritage as important assets in wellness real estate. “In fact, they are what give a development its soul,” says Talal. “A community rooted in its landscape and its identity is one that residents feel proud to live in. Without that, you simply have a building.”
“Another key takeaway is that wellness real estate must serve all members of a community, not just its buyers, and this is something built into our culture at Keturah. Wellness real estate has to work for everyone, and that responsibility starts at home. Developers who genuinely care about the wellbeing of their own employees set a standard that runs through everything they build.”
Based on a review of over 300 independent studies, the GWI says wellness-focused residential properties at the middle and upper ends of the market command a price premium of 10-25%. “Wellness real estate sells at stronger prices, attracts buyers who are in it for the long term, and holds its value,” says Talal. “The market is rewarding developers who made this commitment early.”
Looking ahead, he sees demographic change as the industry’s next great opportunity. “Older residents, younger buyers, and changing family needs each bring new possibilities. The developers who pay attention to those shifts now will be the ones setting the pace in years to come.” The new GWI research was presented at the Global Wellness Summit’s Wellness Real Estate & Communities Symposium in New York City on Tuesday.