All required permits are in place to start building the hotel project with the aforementioned clearance,” Indian Hotels Company Limited (IHCL) said in a regulatory filing.
All required clearances are in place to start building the Rs 2,500 crore Taj Bandstand hotel project, Indian Hotels Company Limited said on Thursday.
Under the projected Taj Bandstand development, ELEL Hotels and Investment Limited, an IHCL subsidiary, has the leasehold rights to a land block at Bandstand Bandra. The Brihanmumbai Municipal Corporation (BMC) granted it the first Commencement Certificate for the construction of the “Taj Bandstand” on September 24.
With the aforementioned clearance, Indian Hotels Company Limited said in a regulatory filing that all required approvals were obtained to start building the hotel project. IHCL, the biggest hotel company in the nation and a subsidiary of the Tata Group, revealed the Rs 2,500-crore Taj Bandstand project in February. The project would span two acres and include 330 rooms and 85 flats.