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.