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Tata Group's IHCL to Invest ₹2,500 Crore to Construct Hotel in Mumbai
The Statesman Siliguri
|February 11, 2025
The Tata Group-run Indian Hotels Company (IHCL) Ltd has announced in Mumbai on Monday that it will invest Rs 2,500 crore to construct a new 330-room hotel called Taj Bandstand, in Bandra West.
Construction of Taj Bandstand will begin this year and it is expected to take more than four years to complete, according to IHCL Managing Director and Chief Executive Puneet Chhatwal on Monday.
A groundbreaking ceremony for the new hotel was held on Monday in the presence of Maharashtra Chief Minister Devendra Fadnavis and Tata Sons Chairman N Chandrasekaran.
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