Nexus Select Trust to acquire Guwahati mall and hotel for ₹1,600 crore

Nexus Select Trust has announced plans to acquire the Galaxy Complex in Guwahati for ₹1,600 crore, marking the real estate investment trust's strategic entry into the Northeast Indian market. The acquisition comprises a retail mall and a Hyatt Regency hotel, positioning Nexus Select to capitalize on growing consumer and hospitality demand in the region.

The Galaxy Complex represents a significant mixed-use development that combines commercial retail space with upscale hotel facilities. The project underscores the increasing investor confidence in Guwahati's commercial real estate sector, which has seen growing interest from national and international operators seeking expansion opportunities beyond metropolitan centers.

This acquisition aligns with Nexus Select Trust's strategy to diversify its geographic footprint across India's emerging markets. The Northeast region, home to over 45 million people and experiencing robust economic growth, presents substantial opportunities for modern retail and hospitality infrastructure.

The transaction demonstrates the continued appetite among institutional investors for quality assets in tier-2 and tier-3 cities, where demographic trends and rising disposable incomes are driving demand for organized retail and branded hotel services. The deal is expected to enhance Nexus Select's revenue streams through rental income from both the mall operations and the hotel asset.