India is embarking on a transformative journey with the development of 12 new industrial smart cities under the National Industrial Corridor Development Programme (NICDP). These cities are set to become dynamic centres of industry and innovation with a substantial investment augmentation giving rise to latent demand for newer hotels. These new locations along with India’s smart city grid, strategically located along the Golden Quadrilateral, comprising Delhi, Mumbai, Kolkata and Chennai, they promise to drive significant regional development, attract global investments and create need of millions of room nights jobs  — marking the beginning of a new era of economic growth and ‘Viksit Bharat’. It is estimated that new development opportunities will emerge in and around key  Infrastructure build-outs (renewables, highways, ports, metro rail), data centers, manufacturing clusters and Tier-2/3 industrial belts emerging as high-occupancy markets for midscale and aparthotel formats.