Khandala property details

Legacy - Mr Ram Jagtiani ran the property as a Hotel under the brand name of “Fun-N-Food” (a reputed brand known for the restaurant business in Mumbai) until 2003, currently used for events and film shootings

Property details

The Khandala property having all approvals for a 5 star Hotel, touches Mumbai Pune highway and is diagonally oppossitte to Dukes Retreat and Kohinoor Institute of Management.

The business approvals for a 5-star hotel are in place. The FSI limits for the property are

highlighted below –

· 60,000 sq feet (For a Non-Star Category) OR (Residential Bungalow Scheme)

· 120,000 sq feet (For 3 star and 5 star hotel)

· Additional FSI for a CLUB or Educational Institute

The hotel property currently has 30000 sq feet built comprising 40 rooms, 2 restaurants,

1 dhaba, 2000 sq feet kitchen, temple, swimming pool and tube wells.

The property offers distinct benefits in Khandala / Lonavala vicinity –

· Beautiful scenic view

· Main road of Bombay-Pune Highway

· Self sufficient in water (tube wells)

· Infrastructure of a 5 star hotel / club / institute / college

Surrounded by the Bungalows and Villas of the Rich & Famous Celebrities the Land can also be used for Part Commercial and Part Residential Project (High-End Villas / Bungalows).

Photos, Sample Plan by the Architect is available in the section named Khandala Project - Architects Plan on our website.

Proposition

Jagtiani Group is interested in re-development of the property. Hence, the Group wants to create partnership with reputed business entity.

Business opportunity

Partnership Options

1. Outright Sale - Property can be offered for sale at a suitable price

2. Joint Venture - Whereby the party interested will have to invest in the project in for the re-development of the property in return for commission from the business operations and share-holding in the company.

3. Rent / leave and license – Whereby the party would conduct business operations and pay rental / leave and license fee.

4. Management – Whereby the property would be run by the party on management basis for a management fee

5. Equity sharing – Whereby a private limited company would be created and the party would get equity share in the entire company for his relevant investment.

We are open to exploring any other options shared by interested party.

Partnership Benefits

1. The property has 1-2 hour proximity to Mumbai and Pune commercial business centers and 2 -10 minutes from Khandala and Lonavala railway station.

2. The property tremendous business opportunity for diverse business activities –

hotel, entertainment, education, health, residential and others

3. The property has pre – approved 5 star permit thereby reducing risks and bureaucratic hurdles

4. The property with unmatched infrastructure benefits with existing hotel and amenities

 Discussion

For discussion and further details please visit www.jagtianigroup.com or write to us at

ravi@jagtianigroup.com or call on: 91.9819414920