Long term Lease of KIT Shops
Public Private Partnership Project (PPP)
5/7-STAR HOTEL NEAR THE X-ING OF EMBP & DHAPA ROAD
KMDA disposes 5.61 acre of prime land at the crossing of EMBP & Dhapa Road for construction of a 5/7-Star Hotel, as demand for the same has been rising in the city.
Estimated Cost (Rs. in Crore)
Rs. 700 crore
Name of Selected Private Developer
Emaar MGF Land Pvt. Ltd.
Period of Contract / Covenan
Lease Deed for the project land executed in Nov 2007. Building plan approved by KMC. Constn. started in July 2008 and to be completed by end 2011.