Latest Project Updates
New Hotel Project in Vijayawada, Andhra Pradesh
Executive Summary: A new hotel project is planned in Vijayawada, Andhra Pradesh, featuring 44 rooms, a restaurant, a meeting room, and banquet facilities. This property aims to enhance local hospitality and cater to both business and leisure travelers. Expected to open in FY 2026, pre-project activities are currently underway as of September 2024, including site preparations and planning.
Rs.136 New Hotel Project in Mandi, Himachal Pradesh
Executive Summary: A new project in Village Ropari (Harabag), Mandi, Himachal Pradesh, will enhance a resort with 72 double bedrooms, 3 family suites, a banquet hall, restaurant, and bar. With an estimated cost of Rs. 136.845 million, the development aims to create jobs and support local suppliers. Pre-project activities, including site assessments and community engagement, are currently underway to ensure alignment with environmental standards.
New Restaurant Project in Kamrup, Assam
Executive Summary: A new project in Tepesia, Kamrup (M), Assam, will establish a state-of-the-art facility for manufacturing restaurants in the Orange Category. With an investment of Rs. 73.5 million, the initiative aims to enhance the local dining scene, create job opportunities, and stimulate the economy. Pre-project activities, including site assessments and community consultations, are currently underway to ensure regulatory compliance and community support.
Rs.2577 Million New Hotel Project in Jaipur, Rajasthan
Executive Summary: A new hotel project in Sitapura Bas Sanjhariya, Sanganer, Jaipur, Rajasthan, will feature 260 guest rooms along with facilities such as a banquet hall, gym, cafeteria, and bar. With an estimated cost of Rs. 2,577.4 million, construction is set to begin in October 2024 and conclude by April 2026, pending environmental clearance from the State Level Authority.
New Hotel Project in Bhimtal, Uttarakhand
Executive Summary: A new hotel project is set to be developed in Bhimtal, Nainital, Uttarakhand, featuring a modern swimming pool, a fully equipped fitness center, and a dedicated spa area. The hotel will include spacious banquet halls for various events and dining facilities such as a rooftop restaurant and an all-day dining area. It is expected to be operational by 2025.
Rs.1500 Million New ESIC Hospital Construction Project in Jagatsinghpur, Odisha
Executive Summary: A new 100-bed hospital project is planned in Paradeep, Jagatsinghpur, Odisha, with an estimated cost of Rs. 1,500 million. Construction will begin in January 2025 and finish by December 2027. Currently in the idea stage, the project will be developed through the EPC route, aiming to improve healthcare services in the region for insured workers and their families.
Rs.1540 Million New Multi Speciality Hospital in Nashik, Maharashtra
Executive Summary: A new multi-specialty hospital is set to be established in Nashik, Maharashtra, featuring 275 beds to enhance local healthcare infrastructure. Incorporating advanced medical technology, the facility aims to provide comprehensive services with a total investment of Rs. 1,540 million. As of September 2024, the project is in the pre-construction phase, with preparatory activities currently underway to ensure its success.
Rs.705 Million New 4-star Hotel in Khordha, Odisha
Executive Summary: A new 4-star hotel is being developed in Bhubaneswar, Khordha, Odisha, with an estimated cost of Rs. 633 million. The project, approved in December 2021, will feature 80 double-bedded rooms, a restaurant, a banquet hall, and a bar. Construction began in January 2023 and is expected to be completed by October 2025, with various specialists appointed for execution.
Rs.2000 Million New Hotel Project in Lansdown, Uttar Pradesh
Executive Summary: A new hotel project is planned for Lansdown, Uttar Pradesh, with an estimated cost of Rs. 2,000 million. The funding will be split between 50% debt and the rest from equity and internal accruals. As of September 2024, the project is in the pre-project phase, focusing on planning and other preparatory activities before construction begins.
Rs.101 Million New Hotel Construction Project in Bardez Goa
Executive Summary: A new project in Anjuna, Goa, will include a 50-room hotel and a 30-seat restaurant, with an estimated cost of Rs. 101.31 million. Pre-project activities are underway as of September 2024, aiming to boost local tourism and accommodation options.