IHCL plans ₹7,500 crore capex for Taj Bandstand
after close1 source ↓written by the desknot a recommendation
- over the next
- ₹6,000 crore to ₹7,500 crore
- hotel
- 50-storey, 500-room
- an investment
- ₹2,000 crore
Indian Hotels Company Limited (IHCL) announced a capital expenditure plan of ₹6,000 crore to ₹7,500 crore over the next five years. The flagship Taj Bandstand project in Mumbai will feature a 50-storey, 500-room hotel, requiring an investment of ₹2,000 crore. This expansion aims to meet rising demand for luxury accommodations and business travel.
The development is expected to enhance IHCL's premium portfolio and strengthen its market position in the luxury hospitality sector.
Not investment advice. For informational purposes only.