Tata’s Indian Hotels to Invest Rs 25 Billion in Taj Bandstand Project
Real Estate

Tata’s Indian Hotels to Invest Rs 25 Billion in Taj Bandstand Project

Indian Hotels Company Ltd (IHCL), part of the Tata Group, has announced a Rs 25 billion investment to develop a new luxury property in Mumbai. The 330-room hotel will be built on a two-acre plot in Bandra, formerly home to the iconic Sea Rock Hotel, which was demolished after IHCL acquired it for Rs 6.8 billion. 

Named Taj Bandstand, the project had its groundbreaking ceremony on Monday, attended by Maharashtra Chief Minister Devendra Fadnavis and Tata Sons Chairman N. Chandrasekaran. The development will feature 85 serviced apartments, multiple dining options, convention spaces, landscaped gardens, and recreational facilities. 

Located opposite Taj Lands End, another IHCL property, the new hotel will enhance Mumbai’s luxury hospitality landscape. The Sea Rock Hotel, once famous for its glamorous parties and Mumbai’s only revolving rooftop restaurant, was among the sites targeted in the 1993 serial blasts. 

News Source: telegraphindia         

Photo- www.luxurylifestyle.co

Indian Hotels Company Ltd (IHCL), part of the Tata Group, has announced a Rs 25 billion investment to develop a new luxury property in Mumbai. The 330-room hotel will be built on a two-acre plot in Bandra, formerly home to the iconic Sea Rock Hotel, which was demolished after IHCL acquired it for Rs 6.8 billion. Named Taj Bandstand, the project had its groundbreaking ceremony on Monday, attended by Maharashtra Chief Minister Devendra Fadnavis and Tata Sons Chairman N. Chandrasekaran. The development will feature 85 serviced apartments, multiple dining options, convention spaces, landscaped gardens, and recreational facilities. Located opposite Taj Lands End, another IHCL property, the new hotel will enhance Mumbai’s luxury hospitality landscape. The Sea Rock Hotel, once famous for its glamorous parties and Mumbai’s only revolving rooftop restaurant, was among the sites targeted in the 1993 serial blasts. News Source: telegraphindia         Photo- www.luxurylifestyle.co

Next Story
Infrastructure Transport

Large Format Store Planned At M G Road Metro Station

M G Road station in Bengaluru is set to host the city’s first large-format commercial and experience space, with planning led by Bangalore Metro Rail Corporation Limited. BMRCL has invited proposals to develop and operate a central business district destination at the Purple?Pink Line interchange. The plan positions the station as a commercial hub designed to serve a broad commuter base across the city. The proposal is part of a broader effort to activate transit nodes commercially. Tender documents set a minimum monthly rental of Rs 0.944 million (mn), inclusive of GST, for the large-format..

Next Story
Infrastructure Energy

Government Cancels Auction Of Eleven Critical Mineral Blocks

The government has cancelled the auction of 11 critical and strategic mineral blocks after receiving a poor investor response and failing to attract a sufficient number of qualified bidders. The decision represents a setback to plans to ramp up domestic exploration and production of critical minerals amid global supply chain disruptions and rising demand for materials used in clean energy and advanced technologies. The mines ministry issued an annulment notice setting out the reasons for the cancellations. The annulment notice indicated that the auction process for five mineral blocks was canc..

Next Story
Infrastructure Energy

Gujarat Pushes Biogas Growth With 193 Operational Units

Gujarat has operationalised 193 biogas plants across the state and is planning to add 60 more units as part of a broader push to scale up clean and sustainable energy solutions. The existing plants, established under various government-supported schemes, process organic waste including cattle dung and agricultural residue to produce biogas and a nutrient-rich slurry. The output is mainly used for cooking and other energy needs in rural and semi-urban communities, while also improving local waste management practices. The Gujarat Energy Development Agency (GEDA) is leading the initiative and is..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement