02/11/2012 Commercial Space
Jaipur is part of the golden triangle of New Delhi-Agra-Jaipur. With over 18 million tourists visiting the desert state of Rajasthan in a year, the company proposes to leverage on the special status of the city and plans to develop the location as preferred destination for the tourists visiting the state.
Jaipur by virtue of its location and due to its architectural beauty, history and culture invites a fair share of tourists. The Mega Tourism City to be built is being designed to be a 2-3 days destination offering to the visitors various entertainment and recreation options in the form of an Amusement Park, Water Park, Retail,Golf and Hospitality.
The land measuring an area of 300 acres has been allotted by Jaipur Development Authority for the ‘Mega Tourism City’, which will be a multi-day full-scale park comprising retail and hospitality along with entertainment. The project also proposes to house a golf course to give a premium leisure holiday destination for tourists. The project is located in serene environment at the foothills of Aravali range and the National Highway no.8 passes through the property, making accessibility convenient. It is just 8 Kms away from Vishwakarma area of Jaipur towards Delhi.
The Cost of the project is envisaged at Rs 2500 crores to be incurred in phases over a period of 6-7 years and is proposed to be financed by way of equity, debt and partly through sale of resorts and villas. Integrated development of the project makes the project financially lucrative and also front-ends the cash flow, allowing substantial self-funding of the project. The integrated nature of the development also ensures that the combined footfall, attraction and time spent at the destination are much higher, leading to higher revenues. The Project is proposed to be implemented in phases so as to get the maximum mileage.
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