Chalet Hotels, which is owned by K Raheja Corp, is progressively choosing to operate more of its hotels through franchise agreements rather than management partnerships with hotel chains.

While the majority of its properties are now operated by international brands such as Marriott International and Accor, the Mumbai-based hotel developer plans to franchise new hotels such as the Taj Delhi Airport at Terminal 3 and Hyatt Airoli.

“We like the franchise model. We have taken the Taj that’s under construction in Delhi on a franchise model. The Hyatt Airoli that’s under construction will also be franchise,” Shwetank Singh, Managing Director and CEO of Chalet Hotels, told Business Today in an interview.

Chalet develops the facility under a management contract before handing it over to brands such as Marriott or Hilton when it is finished. These hotel chains manage the hotel’s revenue, expenditures, and total profit and loss. At the end of each month, they pass on the leftover profit to the owner after deducting their charge, which is often between 10-12% of overall sales, according to Singh.

with contrast, with a franchise model, the brand does not oversee day-to-day operations. Instead, it shares its name, distribution channels, and access to systems such as its website and reward programs. The owner maintains the hotel independently while paying a franchise fee, which normally ranges between 5-6%. The cost savings, however, are not substantial.

“One of the primary reasons owners favor this arrangement is that worldwide companies might have extremely rigorous standards. It is difficult to persuade them to adjust anything to suit the local environment,” Singh added, noting that their human resource costs are typically higher.

The Taj Delhi Airport, which will open in FY27, is the only Taj in the country that has been offered on a franchise basis, according to Singh. “It demonstrates IHCL’s confidence in Chalet’s capacity to operate it. This shows they trust us with the brand. Taj Delhi, which will cost Rs 500 crore, will feature around 380 rooms, he added.

Chalet Hotels’ portfolio includes 11 functioning hotels with 3,389 rooms. The company is currently constructing approximately 1,500 rooms. About 85% of its revenue comes from hotels, with the other 15% coming from commercial real estate, of which approximately 2.2 million square feet is operational and another 900,000 square feet is under development.

Building a leisure portfolio.

Singh, who became MD and CEO in February 2026, aims to generate 20% of sales from the leisure business, up from 13% today. “We have expanded our leisure hotel portfolio. Leisure offers higher average room rates but lesser profits due to the necessity for more people to operate larger properties,” Singh explained.

“Typically, margins in leisure are slightly smaller than huge boxes in cities. Some of our boxes, such as the JW Marriott Mumbai Sahar, the Westin Powai, the Mariott in Bengaluru, and the two Westin hotels in Hyderabad, have more than 450 rooms, and the unit economics on a larger box are always quite good. “For Chalet Hotels, being able to maintain, if not grow, margins would be an accomplishment,” he said.

The company has also purchased two sites in Goa and is conducting due diligence to build a hotel in Udaipur. “We are now expanding into leisure space and geographically expanding at the same time,” Singh said.

Prior to its listing in 2019, Chalet Hotels’ portfolio was mostly focused on business and lacked leisure offerings. The corporation entered commercial real estate to generate a consistent source of income. “The reason we got into commercial real estate is because we knew a steady income would keep us afloat in the difficult times,” Singh added.

A high-value home acquisition in Mumbai’s Worli neighborhood has once again highlighted the city’s luxury property market, highlighting the ongoing desire for centrally placed, infrastructure-linked neighbourhoods. The ₹29.70 crore purchase for a premium flat illustrates the endurance of Mumbai’s top-end property market and the ongoing appeal of Worli as a high-density urban hub.

The apartment, located in a luxury residential complex, has almost 2,400 square feet of carpeting and several parking spaces, both of which are crucial in land-constrained urban contexts. The purchase also included large transaction costs, such as stamp duty and registration fees, indicating a strong emphasis on formalisation and compliance in high-value real estate transactions. Worli has evolved as a hotspot in Mumbai’s luxury property market, thanks to its strategic location and urban infrastructure. Its proximity to vital commercial districts, combined with easy access via the Bandra-Worli Sea Link, has turned it into a popular residential area for high-income professionals, business leaders, and public personalities. Urban planners see that connectivity-driven expansion is increasingly influencing housing demand in India’s major cities.

The sustained popularity of Mumbai luxury housing reflects a larger structural shift in consumer behaviour. According to industry analysts, affluent purchasers prefer ready-to-move-in or near-completion residences in established neighborhoods with existing social infrastructure such as schools, hospitals, retail, and recreation facilities.

This decreases project risk as well as commute uncertainty, both of which were more prominent following the pandemic. At the same time, the concentration of high-end developments in Worli raises significant concerns about equitable urban expansion. Premium developments contribute to municipal income and formal housing supply, but they also accelerate land value growth, potentially exacerbating affordability gaps throughout the city. Urban economists say that balanced development policies are essential to guarantee that infrastructure investments benefit a broader range of citizens, not simply those with higher incomes. Environmental concerns are also becoming fundamental to talks over Mumbai’s real estate boom.

Coastal and reclaimed areas, such as Worli, are becoming more vulnerable to climate threats including sea-level rise and flooding. According to experts, future luxury home complexes must incorporate climate-resilient architecture, efficient water management systems, and energy-efficient building methods to meet long-term sustainability goals.Despite these concerns, the most recent purchase demonstrates trust in Mumbai luxury homes as a solid asset class. With institutional capital, increased regulatory control, and infrastructure upgrades continuing to alter the sector, premium micro-markets like Worli are expected to continue at the forefront of urban real estate activity.

Moving forward, the crucial test for city planners and developers will be to strike a balance between high-value investments and inclusive and climate-conscious urban development, ensuring that Mumbai’s skyline boom translates into greater civic and environmental resilience.

In the last few years, Majiwada has emerged as one of the most in-demand areas in Thane. Thanks to its strategic positioning, urban infrastructure, and brilliant connectivity, the overall demand for flats in Thane, particularly in Majiwada, has boosted rapidly. 

With its connectivity to reputable schools, healthcare centres, shopping malls, and commercial centres, Majiwada provides the ideal combination of comfort and convenience. Elite projects like Rustomjee Verdant Vistas are evolving the locale into a lucrative lifestyle hub. Let’s explore how, for those who seek long-term value and a well-refined lifestyle, Majiwada can truly be a place to be.

Reason 1: Unbeatable Location and Connectivity

Majiwada enjoys a strategic location that makes it one of the most well-connected residential destinations in Thane.

• Situated at a distance of a few minutes from the Eastern Express Highway, Majiwada provides fast access to Thane Railway Station and main commercial destinations like Powai, Vikhroli, and Ghansoli. 
• Its positioning ensures rapid commutes to prime areas like Vikhroli, Powai, Ghansoli, etc.
• You can explore premium residential projects in Thane, like Rustomjee Verdant Vistas, that can reap benefits from this unmatched connectivity. 

Majiwada’s unbeatable connectivity boosts daily convenience, thus making it an ideal place to call home. 

Read Also: Majiwada’s Rise as Thane’s Residential & Commercial Hub

Reason 2: Premium Living in a 100+ Acre Township

Embrace an elevated living experience in one of the best and thoughtful townships of Majiwada. 

• Majiwada is home to Uptown Urbania, a reputed township spread over 100 acres, and reshapes the landscape of luxury living. 
• Made in collaboration with COEN and Keppel Land, the development provides top-notch amenities, green areas, and dynamic, verdant views. 
• Residents can enjoy the bliss of resort-type living with multi-level clubhouses, landscaped parks, and enhanced leisure spots. 
• It is not just an address; it is a whole new lifestyle made to deliver elegance, comfort, and communal living. 

With global design, green surroundings, and unparalleled amenities, Uptown Urbania offers a lifestyle that escapes the ordinary. 

Reason 3: Perfect for Modern Families

Presently, modern families prefer more than just four walls – they seek carefully crafted spaces that grow with their progressing needs. 

• These apartments have spacious 3 and 4 BHK flats with layouts made for enhanced comfort. 
• Child-friendly amenities, such as a dedicated Nature Playzone, double the joy and simplicity in everyday life. 
• A safe, gated community promises residents mental peace, and each corner is designed to aid convenience, stress-free living, and connection.
• Also, you can explore the surrounding 3 BHK apartments in Mumbai and Thane to discover your perfect fit. 

It is not just about a place to live – it is a serene environment where daily routines can develop into cherishable memories. 

Reason 4: Excellent Investment Potential

Majiwada is not just a place to reside; it is also a smart place to invest. 

• With Thane’s promptly evolving infrastructure developments and constant urban growth, Majiwada has become a prime spot for real estate investments. 
• The growing demand for quality housing options, particularly in Thane West, has resulted in stable property appreciation. 
• Projects in the suburb are MahaRERA permitted, providing buyers with safety and honesty. 
• As honesty and developments speed up, Majiwada assures solid long-term returns. 
• In Majwada, property prices have surged by around 13.4% over the last five years, with the last three years witnessing a rise of around 6.1% – showcasing solid growth potential. Also, properties offer a remarkable rental yield of 3%. 

Driven by growth, trust, and future-oriented infrastructure, Majiwada is a place where smart investments begin. 

Reason 5: Lifestyle Amenities That Rival 5-Star Hotels

Residing in Majiwada means enjoying premium amenities that align with or even exceed elite resort norms. Imagine coming home to areas that combine comfort and leisure, made to enhance each moment of your day into an experience filled with luxury and well-being. 

Given below is a glimpse of all the amenities in which residents can indulge: 

• The stargazing zone and stunning sky bar provide a stunningly magical setting for residents to relax beneath the sparkling night sky, combining tranquillity with a dash of glamour. 
• Pickleball courts and state-of-the-art fitness areas offer an energising setting for fun and health-related routines, thus helping residents lead a happy and healthy lifestyle.
• Sauna and massaging rooms are creatively curated to offer a premium wellness experience, ideal for recharging after a long day. 
• The swimming pool fosters a serene, resort-type setting with its fascinating design and calm surroundings. 
• Multi-level recreational spots align to every age group with spaces for zones, unwinding and social interaction, enhancing daily living to a fun and leisure-filled experience.

These meticulously created features lead to a lifestyle that feels indulgent, immersive, and truly unforgettable. It is not just about where you reside, but how you reside, and in Majiwada, life unfolds like a well-deserved luxury. 

Read Also: Why Majiwada is the Prime Location for Luxury Living in Thane | Rustomjee

Making Your Move to Majiwada

Dreaming of having a home in one of the most well-connected and elite neighbourhoods around Thane? Majiwada provides the best of everything – location, lifestyle, and long-term value. 

Given below is a detailed breakdown to ease your journey and assist you in making a rational and wise move:

• Discover Projects: Commence by shortlisting top developments like Rustomjee Verdant Vistas, famous for their world-class design, detailed layouts, and unparalleled township amenities. 
• Plan Your Finances: Decide your total budget, look out for home loan options from various banks, and factor in extra expenses like registration fees, taxes, and maintenance for greater clarity. 
• Understand the Buying Procedure: Get acquainted with every step – from choosing the right project, booking the unit, legal assessment, home loan approvals, contract signing, and final registration. 
• Prepare Relevant Documentation: Keep essential documents in place, like your Aadhar, income proof, PAN card, and latest bank statements, for facilitating a smooth transaction. 
• Select the Correct Time: Use festive offers, builder promotions, or even pre-launch prices to obtain better deals and extra advantages while investing in your dream home. 

Property prices in Majiwada, Thane West, lie around the average of Rs. 14,325 per sq ft, having risen by around 20.1% YoY, reflecting the area’s solid rising momentum. This showcases healthy demand and strong appreciation scope for apartments in Majiwada, boosting its appeal for discerning buyers and investors. 

With the correct amount of preparation and timely action, living in Majiwada is not just about purchasing an apartment; it is about entering into a future-based lifestyle made for maximum comfort, growth, and community. 

Final Thoughts

Residing in Majiwada is a decision driven by lifestyle, logic, and long-term value. Be it location advantage or urban social infrastructure, flats in Thane, specifically in Majiwada, provide unmatched living. 

Top projects like Rustomjee Verdant Vistas deliver an enhanced experience that combines elegance and practicality. As the demand for flats in Thane rises, Majiwada stands out as one of the most ideal destinations for buyers. 

Ready to enhance your lifestyle? Discover your future home with Rustomjee Verdant Vistas and experience the best of Thane living today. 

FAQs

1. What are the best residential projects in Majiwada?

Majiwada is home to many of the best residential projects, like Rustomjee Verdant Vistas. These projects provide elite flats in Thane with top-notch amenities, excellent connectivity, and green spaces. They are perfect for families who prefer comfort, convenience, and long-term value, and are flagship projects under the reputed Rustomjee portfolio. 

2. Is Majiwada well-connected to schools and hospitals?

Yes. Majiwada is well-connected to various schools like CP Goenka, Singhania School, and Vasant Vihar High School, and hospitals like Bethany, Jupiter Hospital, and Hiranandani Hospital lie at a 10 to 15-minute drive. This makes flats in Thane, particularly in Majiwada, perfect for families. 

3. What makes Majiwada better than other areas in Thane?

Majiwada can be considered to be a better residential choice when compared to other areas in Thane due to its strategic placement near the Eastern Express Highway, providing prompt access to various parts of Mumbai. 

It has elite infrastructure, premium residential projects, and connectivity to malls, hospitals, and schools. This combination of connectivity and convenience makes it more attractive when compared to many other projects in Thane.