Taj GVK receives Occupancy Certificate for Taj Yelahanka in Bengaluru

Taj GVK Hotels and Resorts Ltd (Taj GVK) (BSE: 532390, NSE: TAJGVK), a renowned name in the hospitality sector, has received the Occupancy Certificate from the Karnataka Industrial Areas Development Board.

Located in North Bengaluru, Taj Yelahanka, will be a 256-key luxury hotel. The hotel is likely to begin operations in the coming months, with its scheduled opening by September 2026.

The property is expected to benefit from Bengaluru's strong demand for corporate travel, MICE activities, and growing leisure traffic.

In addition to the existing 3-acre site, the Company has an adjacent 4-acre land parcel that may be developed as part of Phase II of the project making the entire project a landmark destination in the Yelahanka micro market.

Commenting on the update, Mr. Krishna Bhupal, Joint Managing Director of Taj GVK Hotels and Resorts Ltd, said, "We are pleased to share that we have received the Occupancy Certificate from the Karnataka Industrial Areas Development Board for Taj Yelahanka, which is in an advanced stage of completion. Subsequent to this, we are in the process of applying for all other ancillary licences and approvals required to make the hotel operational within our proposed deadlines."

Shares of Taj GVK Hotels & Resorts Limited was last trading in BSE at Rs. 343.10 as compared to the previous close of Rs. 337.00. The total number of shares traded during the day was 3896 in over 184 trades.

The stock hit an intraday high of Rs. 344.90 and intraday low of 336.85. The net turnover during the day was Rs. 1329382.00.

Source : Equity Bulls

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