Business

Manglam Group Announces Rs 1,000 Cr Investment to Transform Rajasthan's Hospitality Sector

Manglam Group's Ambitious Expansion in Rajasthan

Realty firm Manglam Group is set to invest Rs 1,000 crore over the next five years to expand its hospitality business in Rajasthan, aiming to meet the rising demand for premium hotels. This strategic move is expected to significantly reshape the state's tourism industry.

Realty firm Manglam Group to invest Rs 1,000 cr to build hotels in Rajasthan

Current and Future Projects

The Jaipur-based group has already developed the 'Westin Jaipur Resort', a 150-room luxury property on the Delhi-Jaipur Highway, which will soon open to the public. Additionally, the company has commenced work on its second hospitality project in Jaipur, featuring about 200 rooms, as part of a mixed-use development in Jagatpura, to be managed by a global brand.

Investment Details

Further plans include a 200-key project on Ajmer Road with an investment of Rs 200 crore, a 250-key project on Delhi-Jaipur Road with an investment of Rs 300 crore, and a 200-key project near Khatu Shyam Temple with an investment of Rs 150 crore.

Strategic Vision

"Our Rs 1,000 crore hospitality investment is a strategic step toward reshaping Rajasthan's tourism industry. The demand for world-class luxury experiences is at an all-time high, and Manglam Group is committed to delivering exceptional hospitality assets that cater to this evolving market," said Amrita Gupta, Director at Manglam Group.

Market Demand

The company highlights the high demand for hotels in Rajasthan, a premier wedding destination in the country. Since its founding in 2008, Manglam Group has completed over 70 real estate projects and is currently developing many more.