Taj Group to invest Rs 1,000cr in B'lore

 "We will invest around Rs 1,000 crore for building four hotels in Bangalore, of which two are already under construction, while the ones in Devanahalli and Yashwantpur will take three years to complete," Sumit Guha, vice president (development), Indian Hotels, owners of the Taj Hotels, told PTI.

He said the company has also submitted a EoI for building a top-class hotel in the vicinity of the airport to the Delhi Airport International Limited and are awaiting their approval.

Besides, the company has been allocated a site at Greater Noida for building a hotel, while it is also keen on entering into a management contract for a hotel in Gurgaon.

The group is also eyeing the hotel business overseas. Maldives, Mauritius, Colombo, Boston and Sydney are on its radar, he said.

Guha said the group is also planning to explore seven more locations in Mumbai and take its total room capacity to 2,000 in the commercial capital in the next five years.