Bharat's Hospitality Division: Currently operates ANCHAVIYO Resort:
• 80 luxurious rooms
• Two high-end restaurants
• Banquet hall
• Comprehensive recreational amenities, including:
• Spa, gymnasium, and two swimming pools
• ATV biking, kayaking, paddle boating, and cycling track
• Dining on a raft, outdoor cinema, and various indoor and outdoor games
Key Highlights of Expansion Plans:
• 130 additional rooms
• A 10,000 sq. ft. restaurant
• A sports bar with a bowling alley and arcade games
• A state-of-the-art terrace spa
• A unique island pool
• A 10,000 sq. ft. banquet hall
• A 28,000 sq. ft. open-air mandap in an amphitheatre format
• An employee colony
Estimated Cost & Completion:
The total cost of this expansion is estimated at Rs. 85 Crores, with a targeted completion date of March 2026.
Funding and Financial Support from Government of India and MTDC:
• 25 Crores funding has been secured from NKGSB Bank with an additional Rs. 32.5 Crores expected from other banking partners by December 2024.
Financial Support includes fiscal and non-fiscal benefits such as:
• 25% capital subsidy for the project
• Lower energy tariffs from MSEDCL
• Exemption of electricity duty, GST reimbursements, and stamp duty
• 50 lakhs interest subsidy on term loans
• Industrial status benefits
This story is from the December 17, 2024 edition of The Business Guardian.
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This story is from the December 17, 2024 edition of The Business Guardian.
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