The Wedding Market is Booming and Here’s Why That Matters

The Indian wedding industry is firing on all cylinders. With rising incomes, more aspirational spending and destination-style celebrations becoming the norm, the market is only getting stronger.

Let's look at some industry data:

The industry is estimated at around US $130 billion (~₹10.5 lakh crore) for FY 2023-24. Growth rates of 14 %+ CAGR are projected from 2025 to 2030. (According to Fortune India and INDmoney)

The scale is enormous. Millions of weddings are happening every year and they're driving the demand for venues, catering, decor, entertainment, hospitality, and photography among others.

Now why does this matter for venue operators and event + hospitality businesses? Because venues are the foundation of this entire ecosystem. Couples and families increasingly want unique, high-quality, experience-led spaces, and that includes heritage touches, scenic backdrops, modern amenities, and integrated entertainment. That means the right location, the right facilities and the right service will win. Yes? Yes.

Panneer Mahal

That brings us to VGP Heritage Venues. We offer a host of premium venues, ideal for modern weddings, performances, destination-style celebrations. And now we’re inviting investors to join us to redevelop our next generation of venues.

Our first project in this line is Panneer Mahal: a stunning pavilion-style heritage-meets-modern venue with both indoor and outdoor spaces, located in a seaside property, designed for weddings, concerts, and corporate events.

We’re targeting a raise of about ₹3 crores to scale Panneer Mahal into a flagship venue for modern, large-scale celebrations and high-end performance-led events.

If you’re looking for an opportunity in the booming wedding and events market, we’d love to talk. We're here to win in a market that isn’t just big but growing rapidly. Join us!