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Zoom Developers bags four budget hotels contract

Tuesday, 17 Jun 2008
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Mumbai-based Zoom Developers has won a contract from Indian Railway Catering & Tourism Corporation (IRCTC) to develop four budget hotels, at an investment of around Rs.100 crore ($23.8 million).

These hotels, part of the Rail Ratna project, will come up in Mangalore, Puducherry, Chennai (Egmore) and Coimbatore. The construction work on the project will be completed within 18-20 months, after the Zoom Developers gets possession of land.

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