in

Ambuja Neotia likely to tie up with Taj for four new properties, Real Estate News, ET RealEstate

Ambuja Neotia likely to tie up with Taj for four new properties, Real Estate News, ET RealEstate
KOLKATA: Ambuja Neotia group will develop a hotel in Darjeeling, a safari lodge in Gorumara and resorts in Sunderbans and Sikkim’s Labong after it completes ongoing projects. In all the developments, it hopes to tie up with the Taj brand of IHCL.

The Ambuja Neotia group currently has five deals with IHCL — two in Kolkata and one each in Kurseong, Gangtok and Patna. They add up to 500 rooms developed at an investment of Rs 800 crore.

Of these, the Kurseong property, Taj Chia Kutir, is operational. In addition, the hotel at City Centre II (formerly Swissotel) is being refurbished and Taj Guras Kutir that is under development in Gangtok are expected to open later this year.

The timeline for completion of two other properties — a 57-room Taj resort hotel at Eco Park and 126-room Taj hotel in Patna — is 2022-23.

Only thereafter will the land parcels in Darjeeling, Gorumara, Sunderbans, Labong be taken up for development, said group chairman Harshvardhan Neotia.


What do you think?

Written by Realty Beat

Leave a Reply

Your email address will not be published. Required fields are marked *

NGT declines plea against cutting of trees in connection with redevelopment of GPRA colonies, Real Estate News, ET RealEstate

NGT declines plea against cutting of trees in connection with redevelopment of GPRA colonies, Real Estate News, ET RealEstate

Boston Properties partners with GIC, Canada pension fund to buy offices in U.S., Real Estate News, ET RealEstate

Boston Properties partners with GIC, Canada pension fund to buy offices in U.S., Real Estate News, ET RealEstate