BSEL Infra To Infuse Rs 100cr

Ahmedabad: In its attempt to tap the growing hospitality sector in Gujarat, BSEL Infrastructure Realty Ltd has set aside an investment of Rs 100 crore for the state. The company has already purchased around 75 acres of land in various parts of Gujarat for its projects. Among its hospitality projects, the Mumbai-based real estate company is developing a 4-star category service apartments of 260 rooms at Narmada Nihar, the Sardar Sarovar Dam project, 80 km from Vadodara. BSEL Infra had acquired 10 acres from the state government for the same, apart from acquiring another 5 acres nearby. Tourism is picking up quite well in Gujarat and we intend to tap the growth by taking up hospitality projects in the state. For instance, through the hotel-cum-resort project in Ahmedabad we will try to cater to tourists as well as people who visit the city frequently on business. Expected to be finished by March 2008, the hospitality project at Narmada Nihar will come up at a project cost of Rs 25 crore.