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EIH may ink a JV with Reliance for Goa project

Wednesday, 07 Aug 2013
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EIH is likely to develop a proposed Goa project in a JV with the Reliance Group.


However, the company has obtained planning approval for the 55 acre beach front site in Goa and is awaiting environment clearance for the project.


The Goa project is one of the two proposed projects unveiled by the company. The other is a 250-key Oberoi and luxury branded residence in Bangalore, on eight acre of land.


Besides, the company will manage a property owned by the Reliance Group in Navi Mumbai. Construction of the project will begin soon. It will be a 160-key asset, to be managed by EIH under its mid-market brand, Trident.


Meanwhile, the other upcoming EIH managed properties in India include a 126-key 'The Oberoi, Pune,' and a 326-key 'Trident, Hyderabad,' which will open shortly.

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