Sayaji Hotels Ltd. Approves Key Agreements for Residential Project with NRANVP
Sayaji Hotels Ltd. has approved several agreements in accordance with the terms and conditions mentioned in the RFP and Notice of Award dated 4 August, 2025 issued by the Nava Raipur Atal Nagar Vikas Pradhikaran. The agreements include a Shareholders’ Agreement, a Residence Marketing and License Agreement, a Residence Technical Services Agreement, and a Residence Complex Management Agreement. The Shareholders’ Agreement is executed among Sayaji Hotels Limited, SRSB Infrastructure Private Limited, Zodiac Dealers Pvt. Limited, Shri Balaji Industrial Engineering Limited and SMS Limited. The other agreements are executed between Sayaji Hotels Limited and SRSB Infrastructure Private Limited. The project is expected to be developed on approximately 18.64 acres in Nava Raipur Atal Nagar, Chattisgarh.
Key Highlights
- Sayaji Hotels Ltd. has approved a Shareholders’ Agreement with SRSB Infrastructure Private Limited, Zodiac Dealers Pvt. Limited, Shri Balaji Industrial Engineering Limited and SMS Limited.
- The company also approved a Residence Marketing and License Agreement, Residence Technical Services Agreement and Residence Complex Management Agreement with SRSB Infrastructure Private Limited.
- The project is expected to be developed on approximately 18.64 acres in Nava Raipur Atal Nagar, Chattisgarh.
- Sayaji Hotels Limited to provide technical, branding, operational, and marketing support.
- The term of the management agreement is 10 years, may be renewed for 5 years.