Business Update29 Mar 2024, 12:40 am
EIH Ltd. Approves Construction of two Luxury Oberoi Resorts in Goa, Rs. 421 crores Investment
AI Summary
EIH Ltd. announced in a Board Meeting today that they will construct two luxury Oberoi Resorts in South Goa, one at Cavelossim Beach and the other at Bogmalo Beach. The total estimated investment required is Rs. 421 crores. Both resorts will be operational from October 2027 and will be financed through internal accruals and debt.
Key Highlights
- EIH Ltd. approved construction of two luxury Oberoi Resorts
- The resorts will be located at Cavelossim Beach and Bogmalo Beach in South Goa
- Total investment required: Rs. 421 crores
- Both resorts will be operational from October 2027
- Financing through internal accruals and debt