Metropolis to build hotel in Navi Mumbai
Pune-based Metropolis Hotels, a joint venture between the Avinash Bhosale Group and Sun-N-Sand, has won the contract for a sprawling 47,000 sq mt plot auctioned by City and Industrial Development Corporation (CIDCO) to build a five star hotel.
Metropolis Hotels won the plot located off Palm Beach drive at a bid of around Rs283 crore. The plot is located at a distance of 6km from the new proposed international airport and approximately the same distance from Trans-Harbour link connecting South Mumbai to Navi Mumbai.
The Avinash Bhosale Group is one of Pune’s leading business conglomerates with diversified business interests in real estate, infrastructure and hospitality and operates under the name ABIL Group.