Landmark Group declared that it would invest approx four thousand crore rupees in developing twelve properties across the north India in the coming three to four years.
Mr. Amit Kumar, Director, Landmark Group, said,“Currently, our twelve projects are undergoing in the North, which will be completed in the next three to four years. We will be investing about one billion dollar in developing these projects”. Further he added that the company would fund the projects through internal accruals and funds from private equities.
He said, “We will try to fund our projects through our own resources, but also, we do not mind private equity players’ participation. Starting from twenty-five percent, we are ready to sell up to forty percent to private equity players in different projects”.
The NCR-based firm has planned to develop three hotels, 2 5-star and a budget hotels in the coming three years, which could entail an investment of about seven hundred crore rupees.
Mr. Kumar said that Landmark Group is developing a three thousand room 5-star hotel in dharuhera and a budget hotel in Gurgaon with more than hundred rooms. The other five star hotel would come up at Bawal in Haryana.