Shree Raj Travels & Tours is poised to set up the country's tallest hotel in Ahmedabad at an estimated investment of Rs 350 crore (Rs 3.5 billion). The hotel is scheduled to come up at SG Highway.
Lalit Sheth, chairman of Shree Raj Travels & Tours, said, "The hotel will be about 40-storey high - the tallest in the country." Currently, the 30-floor ITC Hotel Grand Central Sheraton and Towers in Mumbai is regarded the tallest hotel in India.
"Talks are on for a suitable plot in Ahmedabad. There will be about 500 state-of-the-art rooms in the hotel, for which a foreign architect will be roped in," Sheth added.
The project is expected to be completed in 18-24 months after the acquisition of land.
"SG Highway is the most happening place in Gujarat. Officials from across the country and abroad frequent Gujarat because of its growth opportunities. Also, there is an international airport coming up in Ahmedabad. The hotel and convention centre will be there right on time," Sheth said.
The country's largest health spa will also come up at the convention centre, he added.
The convention centre will be able to accommodate 3,500 people. Besides, there will be a shopping complex, which will have only internationally branded garments. "With the Centre declaring 51 per cent foreign direct investment in retail, this will be the right type of outlet," he said.
Sheth further said, "Ahmedabad has a great future, and Gujarat is witnessing tremendous growth under the present leadership. The state government is very positive about the entire project; our hotel will give the message to tourists and the business world that Ahmedabad has arrived."
Shree Raj Tours & Travels is also set to roll out within a year 2,000 Volvo buses, each of which is touted to be priced at about Rs 90-92 lakh (rs 9-9.2 million).
Of these, 200 buses will be deployed in Gujarat, Sheth said.
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