Bharat Agri Fert & Realty to develop India's first 7-Star resort on outskirts of Mumbai

Bharat Agri Fert & Realty Limited (BAFREL) announced that it will develop India's first 7-Star Resort on the outskirts of Mumbai. The company plans to launch additional 170 rooms, along with a state-of-the-art banquet hall and enhanced amenities by 2025-2026 thus offering the perfect venue for destination weddings on the picturesque banks of a river within the 120-acre freehold land. The project is planned in line with Prime Minister Narendar Modi's vision, 'WED IN INDIA' initiative. Additionally, the company has announced that it is intensifying focus on the hospitality sector in the next two-three years.

The new 7-Star Resort project will operate under the Anchaviyo brand, which is India's first premier unique theme-based resorts. This expansion will take place on the surplus freehold land at their existing Anchaviyo resort at an estimated cost of ₹ 50-55 crores. Currently, the company operates 80 luxurious theme-based rooms at the same location.

Commenting on the update, Mr. Yogendra D. Patel - Chairman and Managing Director of Bharat Agri Fert & Realty Limited said, "We are intensifying our focus on the hospitality sector. Situated in Maharashtra's Palghar district, Anchaviyo will offer tranquillity, natural beauty, and proximity to the Jawaharlal Nehru Port Trust's new Vadhavan port.

This world-class infrastructure is expected to attract business travellers and high-end yachting enthusiasts. The Vadhavan port presents a tremendous opportunity," informs Vijal Yogendra Patel. "We believe Anchaviyo's 7-star experience, coupled with the port's convenience, will create a unique and synergistic destination."

We are unwavering in our pursuit to elevate Anchaviyo Resort's position and solidify India's reputation as a leading destination for luxury and excellence in hospitality. This expansion is expected to be completed by 2025-2026. This is in line with the 'WED IN INDIA' initiative under the visionary leadership of our Honourable Prime Minister," Vijal Yogendra Patel added."

Source : Equity Bulls

Keywords

BharatAgriFertandRealty Development 7StarResort Mumbai