IHCL to add another property in Mumbai with Rs 2,500 crore investment

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IHCL to add another property in Mumbai with Rs 2,500 crore investment - Business Standard

Quick Summary:

Earlier, this two-acre plot of land housed the Sea Rock Hotel, owned by Suresh Nanda, chairman of Claridges Hotel.

The project will also include the development and maintenance of the surrounding area with landscaped gardens, sporting and recreational activities, as well as entertainment options, the company said in a statement.

IHCL has received key pre-construction approvals such as the intimation of disapproval (IOD) and provisional fire no-objection certificate (NOC), with a few minor permissions pending.