IHCL's Sea Rock hotel plan awaits approvals

MUMBAI: Five years after the Indian Hotels Company (IHCL) acquired the landmark Sea Rock Hotel in Mumbai's western suburb of Bandra, its plan to redevelop the asset and integrate it with the nearby Taj Land's End still remains on paper.

The project, said chairman Cyrus Mistry at IHCL's 113th annual shareholders' meeting, has been delayed because of pending municipal approvals. IHCL had paid a Rs 680 crore to acquire the erstwhile Sea Rock property and the redevelopment work was supposed to start in 2010. However, the project has been stuck due to the extra floor space index (FSI) allocation dispute. Typically, it takes three years to build a luxury hotel before it is thrown open to guests. But it seems that patrons will have to wait a little longer.

http://timesofindia.indiatimes.com/followceleb.cms?alias=Sea Rock Hotel,Indian Hotels Company,Cyrus Mistry

Stay updated on the go with The Times of India's mobile apps. Click here to download it for your device.

Anda sedang membaca artikel tentang

IHCL's Sea Rock hotel plan awaits approvals

Dengan url

http://cegahkeropostulang.blogspot.com/2014/09/ihcls-sea-rock-hotel-plan-awaits.html

Anda boleh menyebar luaskannya atau mengcopy paste-nya

IHCL's Sea Rock hotel plan awaits approvals

namun jangan lupa untuk meletakkan link

IHCL's Sea Rock hotel plan awaits approvals

sebagai sumbernya