Vipul plans to invest 80-100 crores for a 4-star hotel in Bhubaneswar
Bhubaneswar- Cuttack- Puri, Hotels and resorts, Khordha, Vipul 1 Comment »Following is an excerpt from a report in Business Standard.
Gurgaon-based real estate firm Vipul Limited, one of the leading real estate developers in the country, plans to invest Rs 80-100 crore in setting up a four-star business hotel in Bhubaneswar .
Vipul Limited had identified Bhubaneswar as one of the 5-6 strategic locations in the country where it intends to set up three-star and four-star business hotels.
Apart from Bhubaneswar, these business hotels are set to come up in the states of Punjab, West Bengal and Andhra Pradesh. Each of these business hotels would cost Rs 80-100 crore.
“We have identified two to three plots of land in Bhubaneswar, including one close to the airport for setting up a four-star business hotel. "
The proposed hotel would come up on an area of 2-3 acres”, Punit Beriwala, managing director, Vipul Limited told Business Standard.
He declined to comment on the time-frame of setting up of the business hotel as the details were yet to be worked out.
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