Bharat Realty Venture (BRVPL) has announced that the construction of the sixth Taj Hotel in Anjuna area of North Goa will begin from next month. It is to be completed in the next three years by September 2027. The 170-key sea-view hotel will be constructed on a land parcel of 17 acres and would involve a cost of Rs 300 crore.
The company had announced its partnership with The Indian Hotels Company (IHCL) operating under the Taj brand by signing a management contract for operating the facility. BRVPL has entered into a 60-year lease with Goa Tourism Development Corporation (GTDC) for the land parcel.
Bharat will build the hotel and operate the facility for which it has paid an upfront fee of Rs 35 crore to GTDC, which handed over the vacant site in April 2024.
This property will feature North Goa's largest dining area with outdoor grounds, which provide an ideal space to host social gatherings and weddings.
Apart from the hospitality sector venture in Goa, BRVPL is involved in construction of luxury residential projects in Mumbai. The company has a presence in areas like Andheri, Vile Parle, Thane.