Monday, September 24, 2007

"Sahil Resorts and Spa is investing Rs 1,000 crore in upcoming projects at Pune, Navi Mumbai, New Delhi and Goa," Vinay Phadnis

IPO and FDI :

"Sahil Group will be going in for an IPO in August 2008 to fund the investment," said chairman and managing director, Vinay Phadnis. Sahil Group is also looking at the FDI option.

The group envisages an investment of Rs 1,000 crore for its expansion. Rs 400 crore will be utilised to acquire land and the remaining amount will be utilised for construction.

Parikh & Parikh Associates :

US-based investment group led by Mr Raj Parikh, engaged in real estate and hospitality business with interests in international hotel groups such as Holiday Inn, Radisson Worldwide, Hilton International and Choice Hotel International, were planning to invest (in Oct. 2006) Rs 60 crore through the FDI route, in the residential projects of the Sahil Group.

Sarovar group, Radisson and Mandara Spa :

Sahil owns two properties in Lonavala and Alibaug. Sahil Sarovar Portico in Lonavala is managed by the Sarovar group. In Alibaug, Sahil has tied-up with Radisson for management and international chain Mandara Spa will manage its spa.

Alibaug property is expected to open in November this year. It will be the Asia's biggest five-star spa and resort.

Mandara : Immortality and Youth!

The name Mandara refers to an ancient Sanskrit myth: the quest to discover the precious elixir of immortality and eternal youth. Mandara Spa is considered a sanctuary of nature, where the essentail elements of life are cherished.

Different from any other spa in the world, Mandara Spas embrace the legend by creating an oasis of serenity and natural slendor for those seeking to replenish body, mind and soul.

Sahil Resorts, Agrifields and Farms Pvt Ltd :

A Sahil group company, engaged in hospitality services, real estate management for hotels, resorts, agrifields and farms is the first company in this field in India to get Integrated Management System certification which includes ISO 9001:2000, ISO 14001:2004 and OHSAS 18001:1999.

Phadnis Infrastructure Pvt Ltd :

Another Sahil Group company undertakes design, development, construction and sales of residential and commercial buildings apart from real estate management, has also become the second company in its field to get the Integrated Management System certification.

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