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Jamnagar News

Monday, February 11, 2008

Jamnagar - Hotel Construction Boom for Jamnagar

Jamnagar is proving its importance again and again, with the Petro Boom for the city next big things are Hotels.
Almost

jamnagar has shown 75% growth (from 0.21% in 2001-02 to 0.365% in 2006-07) in GDP over the last five years,

There is upcoming 10 lakh sq ft of real estate development, this includes two five-star hotel projects one from Niho and one from DLF, Tata will be creating a budget Hotel as well.


Niho's Scottish City Centre has an investment of around Rs 250 crore. This mega project will be spread over 8 lakh sq ft and will boast a 5-star hotel as well.

Niho Head feels that Once the port development will be completed, the boom in the Hotel sector will increase.

While Niho is on toes, DLF is pumping Rs. 150 crore for the project and has already acquired 1.20 lakh sq ft land. sources says that DLF will start construction within 3-4 months.


Tata's Ginger group will be investing Rs 8-9 crore and will set up a budget hotel in Jamnagar.

--
Brip

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