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The way real estate is planned and developed is undergoing a serious transformation. The model of constructing single-purpose buildings and waiting for returns is no longer enough. Consumer expectations are getting reshaped in urban spaces with changing lifestyles and remote work. Vacant office buildings and quieter malls are telling us something loud and clear—the old ways of doing things just aren’t working anymore.
That’s where hospitality-led, mixed-use spaces come in. They’re built with today’s lifestyle in mind, combining everything in one place—homes, hotels, cafés, shops, even co-working spots. It’s about creating spaces where people can live, work, and relax without constantly commuting or compromising on convenience.
Nowadays, urban life is no longer limited to separate zones for living, working, and leisure. People now want more from the spaces they occupy. They are looking for convenience, comfort, and connection. Mixed-use developments respond to that demand by offering everything in one place. From stylish apartments to boutique hotels, trendy cafés to co-working spaces, these developments are becoming miniature cities.
Interestingly, this trend is no longer confined to metros alone. Tier 2 cities, such as Jaipur, are also seeing a growing interest in such projects, with developers recognising the appetite for modern, integrated living even in emerging urban hubs. As these cities continue to evolve, mixed-use formats are becoming a natural response to rising expectations and changing consumer behaviour.
Making the most of urban land
Rising land costs and limited space in urban centres make mixed-use developments a smart option. Instead of dedicating a plot to one function, developers can stack or arrange multiple uses in one area. Vertical developments, often found in cities, might have retail and restaurants on the ground floor, a hotel in the middle, and apartments above. In less dense areas, horizontal layouts spread these components across several buildings within a single complex.
Stronger returns through diversification
One of the most compelling reasons to explore hospitality-led mixed-use projects is the diversity of revenue streams. When a property includes a hotel, retail space, and residential units, it isn’t dependent on just one income stream. If hotel bookings dip, retail or rental income can help balance the books. This makes such developments more financially resilient in uncertain markets. Investors also find these projects attractive because of their potential for higher capital appreciation.
Building communities
One of the reasons why people are drawn to mixed-use developments is the sense of community they create. With everything within walking distance, residents and visitors naturally spend more time in shared spaces. From cafés and fitness centres to courtyards and event venues, these areas become places where people connect.
For developers, that’s an opportunity to create not just a profitable asset, but a destination.
Needs of the modern urbanite
People living in cities today aren’t just looking for a roof over their heads—they’re after homes that match the way they live. Think smart tech, green design, and little touches that genuinely make daily life smoother. That’s what people are after—and it’s exactly what mixed-use spaces can offer. Picture this: your workspace is just a short walk from your front door, your favourite coffee spot is downstairs, and there’s even a place for your guests to stay without booking a hotel across town.
A sustainable future
Sustainability is no longer optional. Governments are pushing for greener cities. People are choosing brands that reflect their values. Mixed-use developments offer an eco-friendlier way to grow cities. They cut down on commuting. They reduce land consumption. When designed with green materials and energy efficiency in mind, they tick all the boxes for a low-impact, future-ready project.
For developers who want to build responsibly and attract tenants who care about the planet, this is an important consideration.
(The author is Chairman of Manglam Group)