Ahmedabad (Gujarat) [India], February 27: Praveg Limited, India’s leading eco-responsible luxury resorts company, announced that it has received the Letter of Award (LoA) onFebruary 25, 2026,from the Directorate of Tourism, Government of Meghalayafor theDevelopment, Operation and Maintenance of Luxury Cottages located atUmiaminMeghalaya under Design, Build, Finance, Operate and Transfer (DBFOT)mode on Public-Private Partnershipbasis.
The Company was declared the selected bidder for the project, and pursuant to the revised terms approved by the competent authority, the project envisages the development, operation and maintenance of a minimum of40 (forty) luxury cottageson approximately10 (ten) acres of land, along with allied amenities and supporting infrastructure. The Company is required to complete development and make the project operational on a year-round basiswithin18 (eighteen) monthsfrom the Appointed Date.
The project has been granted aconcession period of 30 (thirty) years,commencing from the Appointed Date, providing long-term operational visibility and revenue generation potential.The Company anticipates robust performance from the upcoming resort.
Commenting on the development,Dr. CA Vishnu Patel, Chairmanand Managing Directorof Praveg Limited, said,“We are pleased to receive the Letter of Award for this prestigious tourism infrastructure project atUmiam, Meghalaya. The project aligns with our strategy to expand eco-responsible luxury hospitality offerings across emerging and high-potential destinations. We believe this development will deliver a distinctive guest experience while contributing to tourism growth, employment generation, regional economic development, and long-term value creation for all stakeholders.”
The addition of this resort further strengthens Praveg’s expanding portfolio of sustainable luxury hospitality assets across India. The project is expected to enhance accommodation capacity in Meghalaya, support destination development and reinforce the Company’s asset-light concession-driven growth model.
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