Motia Group will develop a premium hotel and commercial space at this prime destination in the Tricity.
GMADA will get Rs 54 crore from the allotment.
“Understanding the rising aspirations of our customers and the vast potential in the hospitality sector, our plan under this project is to develop 25 percent of the land parcel as commercial space and the remaining 75 percent as a hotel property. The premium property will be built in line with global standards and will provide modern amenities to create a differentiated experience for our customers at a prized location”, said Mukul Bansal, Director, Motia Group.
The group is already in talks with major hospitality brands to fast-pace the conceptualization, design and implementation of this project.
(Catch all the Business News, Breaking News Events and Latest News Updates on The Economic Times.)
Download The Economic Times News App to get Daily Market Updates & Live Business News.