Taj Hotel's Sixth Goa Property to Debut in 2027, Boasting Unparalleled Luxury
Bharat Realty Venture Pvt Ltd joins hands with The Indian Hotels Company Limited to bring luxury hospitality to North Goa's Anjuna area, with a 170-key sea-view hotel and a whopping ₹300 crore investment
Taj HotelBharat Realty Venture Pvt LtdGoaLuxury HospitalityReal EstateReal Estate NewsAug 02, 2024
This project marks a significant milestone for BRVPL, as it enters into a 60-year lease with Goa Tourism Development Corporation (GTDC) for the land parcel. As part of the agreement, BRVPL paid an upfront fee of ₹35 crore to GTDC and will share 5% of the gross top-line revenues with the corporation. This hotel will boast an unobstructed view of the Arabian Sea and feature North Goa's largest dining area with outdoor grounds, perfect for social gatherings and weddings.
According to Dhaval Barot, MD and CEO of Bharat Realty Venture Pvt Ltd, this partnership aims to deliver exceptional hospitality experiences and contribute to Goa's thriving tourism landscape. The company has also ventured into the construction of luxury residential projects in Mumbai, with a presence in areas like Andheri, Vile Parle, and Thane.
Goa's real estate market has been gaining traction, with Delhi-NCR-based listed real estate developer DLF set to launch 62 ultra-luxury villas priced between ₹40 crore and ₹50 crore in the second half of the financial year 2024-2025. The luxury villa project, located on a hill named Reis Mago in Goa, is expected to attract India's wealthy individuals who prefer Goa as a second home destination.
Frequently Asked Questions
What is the expected completion date of the sixth Taj Hotel in North Goa?
September 2027
What is the investment amount for the sixth Taj Hotel in North Goa?
₹300 crore
What is the partnership between BRVPL and GTDC for the land parcel?
60-year lease, with an upfront fee of ₹35 crore and 5% of gross top-line revenues shared with GTDC
What is the unique feature of the hotel's dining area?
North Goa's largest dining area with outdoor grounds, perfect for social gatherings and weddings
What is the target market for the luxury villa project in Goa?
India's wealthy individuals who prefer Goa as a second home destination
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