Government plans PPP privatisation of Megapode Resort in Port Blair

31 Jan 2024 CW Team

The commencement of the privatisation process for the Megapode Resort in Port Blair, Andaman & Nicobar Islands, through the public-private-partnership (PPP) route, has been announced by the government.

In December, the plan to privatise the Megapode resort, one of the very few resorts in Port Blair, Andaman & Nicobar Islands, providing luxury cottage accommodations, was approved by an Approval Committee in the Ministry of Finance.

The Megapode Resort, situated 4 kms away from the airport amid lush green hills, spans across 7.5 acre of lawns, offering a stunning view of the Bay of Bengal and the Port Blair harbour.

The resort provides 10 sea-facing cottages in three different categories - Bamboo, Nicobari, and Deluxe Nicobari, along with deluxe, semi-deluxe, and standard rooms, each equipped with a private balcony facing the sea.

Named after the endemic scrub fowl known as the Nicobar Megapode, these birds are also referred to as mound-builders or incubator birds due to their construction of the largest nest-mounds of sand for incubating their eggs.

The Andaman & Nicobar Islands Integrated Development Corporation has engaged Deloitte Touche Tohmatsu India LLP as the transaction advisor for the sale.

The successful bidder will be granted the rights to operate and manage the resort, as well as to further design and develop the resort.

In a separate development, ANIIDCO has selected KPMG Advisory Services as the transaction advisor for constructing eco-tourism resorts at Long Island, Aves Island, Smith Island, and Shaheed Dweep Island, as per the document.

Infrastructure Urban

04 Aug 2026

TCC Concept Reports 480% Revenue Growth in Q1FY27

TCC Concept has reported strong financial performance for the first quarter of FY27, with revenue from operations rising 480% year-on-year to Rs 1,283 million.The company’s EBITDA increased 158% year-on-year to Rs 463 million, with an EBITDA margin of 36.1%. Profit after tax (PAT) grew 34% year-on-year to Rs 126 million during the quarter.The growth was supported by continued execution across TCC’s integrated ecosystem spanning consumer commerce, supply chain, digital infrastructure, cloud, PropTech and AI-led platforms.Pepperfry continued to strengthen its omnichannel expansion stra..

ANHAD Developers Appoints Akash Lakhina as Sales Head

ANHAD Developers has appointed Akash Lakhina as Head of Sales, Marketing and CRM as the company strengthens its leadership team ahead of its entry into Gurugram’s premium residential market.The appointment follows Adil Altaf taking charge as CEO of the group’s real estate vertical. Lakhina will be responsible for driving the company’s sales, marketing and customer relationship initiatives for its upcoming luxury developments.With nearly three decades of professional experience, Lakhina brings expertise across multiple industries, including over a decade in luxury real estate. His experie..

BXB Estates Records AED 110 Million Luxury Villa Sale in Dubai

BXB Estates has completed a record AED 110 million residential transaction at Jumeirah Golf Estates, marking the highest-value residential sale in the history of one of Dubai’s most prestigious communities.The transaction, negotiated by Alfie Tabrez, Managing Partner, BXB Estates, surpasses the previous record of AED 58 million for a completed ready villa.The six-bedroom luxury residence features a built-up area of 21,714 sq ft on a 15,873 sq ft plot. The property includes nine bathrooms, four living lounges, a home office, bar lounge, private cinema and rooftop terrace. Its wellness facilit..