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RIJIC to Foray into India’s Hospitality SectorFriday, April 13, 2007
A Vancouver based company, Royal Indian Raj International Corporation (RIJIC), is all set to make a whopping $4 billion on creating 15,000 budget hotel rooms across India. RIJIC would work in collaboration with a global hospitality chain. The project will help the company to carve out a substantial niche for itself in the Indian market, which is certainly offering great growth prospects to hotel majors, says the company’s managing director, Manoj C Benjamin. The company has announced its formal tie up with Choice Hotels India to run the approximately 100 hotels RIJIC will construct. The project is on it course to be complete by the next 1 year. The company will be covering the cities including Bangalore, Hyderabad, Chennai, Delhi, Mumbai, Goa, and Pune. As for the tier II cities, they will be covered in the second phase. Both the company possesses vast experience and their joint expertise in the real estate industry and hospitality business would come up with the gigantic success for the fast flourishing inbound, outbound and domestic travel sectors across the country, explains Choice Hospitality India CEO Vilas Pawar. The hotel will be located in scenic surroundings and offer an array of facilities at par with international standard, themed restaurants, and outstanding service deliveries. This means the best value of money for the customers. RIJIC has already been represented in India, and invested a prohibitive amount of over $2 billion for its project to develop integrated upscale neighborhoods in Mumbai and Bangalore, the first of six such developments planned across the country. The project will be the Asia’s largest real estate developments and India’s first smart city. It would feature 22.8 million square meters of high tech retail space, medical, educational and housing facilities. It will have 50,000 residential units, a central business 0district, an industrial district, an entertainment venue, parks, restaurants, shopping, and educational facilities, and an array of other civic amenities.
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