US based NRI sketches hospitality ventures in Punjab
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NRI Sant Singh Chatwal, US based and a close friend of the Clinton Family is planning to redevelop the famous Gobindgarh fort at Amritsar into a 7 star hotel. Discussing on his proposals to redevelop the Gobindgarh fort into 7 star-hotels, which also have a museum, Chatwal said to www.propertykhazana.com that, “The amount of NRIs and foreigners tripping Amritsar is huge, as of the Golden Temple but unluckily the city still doesn’t has the superlative hotels.” Already he has talk about the matter with Punjab CM Prakash Singh Badal and said that he is sure about the proposal. But, official talks is yet to appear on the plan and apart from Gobindgarh fort, Chatwal’s Hampshire Hotels & Resorts is gazing at other ventures in the state for the same ready to invest Rs. 1,500-2,000 Crores.
Chatwal also said that, “Several airlines are likely to launch operations after finishing the new domestic and international terminals in Mohali and I believe there will be a big demand for hotel rooms.” But, he sounded a note of concern that, “We are all-time leap and will invest in Punjab merely when State Govt. reacts fastly.” Chatwal is ready to invest Rs. 5,000 Crores in India and presently his company is coming up with 8 hotels in Karnataka, AP, and Kerala and in Tamil Nadu. Initial of these lands, in Hyderabad it will be commence on January 10th and CHHR presently possess and handles 10 hotels in NY, 2 in Montreal and 1 each in London and Bangkok. For more details logon to www.propertykhazana.com.
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