The hospitality industry is in mourning following the sudden passing of Akshay Kulkarni, a veteran with over 27 years of experience in hospitality and real estate. Kulkarni's contributions have left an indelible mark on the industry, and his legacy will continue to inspire many.
HospitalityReal EstateMumbaiLeadershipLegacyReal Estate MumbaiMay 11, 2025
Akshay Kulkarni was a veteran in the hospitality and real estate industry with over 27 years of experience. He was known for his leadership, strategic vision, and commitment to sustainable practices.
Kulkarni played a pivotal role in expanding the footprint of prominent hotel chains, enhancing their reputation, and promoting sustainable practices and community engagement.
The industry is responding with deep sorrow and heartfelt tributes. Many colleagues and peers have shared memories and anecdotes, and some companies have announced initiatives to honor his memory.
Lemon Tree Hotels is setting up a scholarship fund for aspiring hospitality professionals to honor Kulkarni's memory. This fund will provide financial support and mentorship to students.
Akshay Kulkarni's legacy is marked by his contributions to business growth, community development, and the nurturing of a new generation of hospitality professionals. His values and principles continue to inspire the industry.
Union Finance Minister Nirmala Sitharaman has proposed to remove indexation benefit for property sales, and rationalize capital gains tax at 12.5%.
Century Textiles and Industries (CTIL) has acquired a 10-acre leasehold land parcel in Worli, Mumbai from Nusli Wadia for Rs 1,100 crore. The land will be developed through its wholly owned subsidiary, Birla Estates.
Minor Hotels Europe & Americas has chosen Deepki, a market-leading ESG platform, to support its transition to net zero and improve its sustainability practices worldwide.
Ratan Tata, the legendary chairman emeritus of the Tata Group, has passed away at the age of 86. The Maharashtra government has declared a day of mourning to honor his legacy, with the national tricolor to be flown at half-mast on all government buildings
P.0.B1 Properties is set to launch its debut project, Serenova, in Dubai Silicon Oasis, aligning with the 'Dubai 2040 Urban Master Plan'. The group has been deeply fascinated by the emirate's real estate market and its potential for growth.
Ranjana Mangla, Senior VP and Head of Ad Revenue at Sony LIV, envisions the reality show 'Million Dollar Listing' as more than just a real estate showcase. It offers a premium platform for luxe brands to engage with affluent audiences.