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Home & Soul to invest Rs 1,000 cr to develop commercial complex in Greater Noida

Thursday, 10 Dec 2020
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Home & Soul, a subsidiary of brokerage firm Investors Clinic, will make an investment of Rs 1,000 crore in developing service apartments, offices, mall, retail and hotel on five acre in Greater Noida, Uttar Pradesh. 
 
The company has inked a management agreement with IHG Hotels & Resorts, for Holiday Inn at Greater Noida West’s Boulevard Walk, a mix use development by Home & Soul. 
 
The company will infuse Rs 200 crore in the hotel project. The demand from corporate travel and MICE business is high in Greater Noida and expected to rise further in coming years. 
 
The newly-built hotel will have 140 keys and is expected to be operational by Q1/2023. 
 
The proposed hotel is also a part of Boulevard Walk, a mixed-use development spread over five acre. It includes retail, office towers and residential buildings, benefiting from an established hotel demand cluster with presence of multinational companies, industrial parks and commercial office space. 
 
Investors Clinic has a network of 34 offices across the country, more than 1.5 lakh sq ft of office space and international presence in Dubai, Doha and Singapore.

 

 
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