Hot Property - Hotel / Resort

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Place of Origin:
Tamil Nadu, India


Ready to take-off Hotel project with land and necessary approvals. Prime Location in the Eastern Coast

details of Mahabalipuram Resort Hotel project.
The company "Chandrakala Resort Hotels Ltd", a closedly held company owns around 9 acres of land in Mahabalipuram on East Coast Road to Beach front. The land is approved for commercial purposes.

102 rooms Five Star Resort Hotel project from an international architect from Australia. Necessary statutory approvals are obtained for the hotel project. Only building approval is pending and once the hotel management operator is fixed, building plan approval be obtained in three month's time.
The land and other approvals are in the name of the company.

Intend to sell the company with the project as it is by tranferring the shares so that the buyer gains around 10% of the market value.
It is a ready to take off the project within 12 months time..
Please advise and should you require any clarification/details, please do ask us