Essar Realty Holdings,
the flagship company of Essar Group, has bagged an order worth Rs.500 crore for
building a five-star hotel, utility centre and a multiplex at the upcoming MIHAN,
Maharasthra.
Essar Realty has
formed a JV with US based Accor Hospitality to develop the project. The
five-star hotel will be developed on 10 acre, adjacent to NH-VII on the
Nagpur-Wardha road. The hotel will have capacity to accommodate 1,000 people. It
will also have service apartments to cater to the needs of long-staying
executives.
Raheja Construction
was another bidder for the project which was proposed by Maharashtra Airport
Development Company (MADC). The upcoming Nagpur airport project entailing an investment
of Rs.3,000 crore is likely be completed in four years.
Related Links:
Project profile