Proposed Star Hotel is integrated part of 'Hrudhyam' a new commercial project offering shops, corporate office and multi brand show rooms.
Hotel property shall have a separate tower with exclusive entrance from front or from the side to choose.
Proposed hotel is strategically located on prominent junction of Gujarat Widest road on urban corridor of Ahmedabad Gandhinagar.
Hotel will form integral part of Gandhinagar urban area with ease of access to State capital establishments with express access to Airport.
Property shares location with Nation land mark institutions, National/International corporate offices, IT companies and educations centers.
With ease of of mass public transportation system like Metro Rail and city bus it makes natural choice to invest. Sustainable and environment friendly is deeply embedded in the project by proposing optimized use of material and natural resources.
There are approximately 1184 hotel rooms available in Ahmedabad and Gandhinagar
60 percent hotels are non branded hotels and rest are branded hotels.
Gandhinagar which is the prime influence for this proposed project has only one major brand four stat hotel 'Fortune Inn'.
Great opportunity to buy hotel at Gandhinagar as it has least competition.
Location offers good hotel investment opportunity to start hotel business.
Gandhinagar shall offers good return in hotel business as it has no hotel in vicinity.
|Sr. No.||Name||Location||No. of Rooms|
|01.||Raj Residency Ummed||Airport||91|
|02.||Hotel Pride||Judges Bungalow Road||146|
|05.||Inder Residency||Gujarat College||79|
|06.||Metro Pole||RTO Circle||70|
|09.||Comfort Inn Sunset||Airport||33|
|10.||St Laurn||Ashram Road||150|
|12.||Country Inn & Suits||Drive-In||68|
|Meeting & Conference||15|
Tourism policy (2015-2020) vide G.R dated 24.09.2015 provides various incentives to the eligible investors including capital subsidy, Interest Subsidy, Registration / Stam Duty concession, Exemption from luxury tax, entertainment tax, electricity duty etc for establishing eligible tourism units across the state.
|Eligible Capital Investment (excluding the land cost)||Admissible Subsidy||Maximum Limit in Million INR|
|Investment upto Rs.50 crore||15%||75 Million INR|
|Investment above Rs. 50 crore||15%||10 Million INR|
|Tented Accommodation (with minimum investment of 0.20 crore)||20%||1.5 Million INR|
|Equipment worth Rs.1 crore and above for Adventure & Water Sports and Golf Equipment for Public Golf Courses registered with TCGL||10%||5 Million INR|
Additional Capital Subsidy of 5% will be provided to following:- New Tourism Units coming up within the Corporation limits of Gandhinagar (State Capital) and also adjoining areas falling within the radius of 20 kms but within the District of Gandhinagar
@5% of the Loan Amount with maximum amount of Rs.25 lakhs per annum for a period of five years in Municipal Corporation areas for eligible tourism units.
@7% of the Loan Amount with maximum amount of Rs.30 lakhs per annum for a period of five years in the areas other than mentioned above.
Eligible Tourism Units will qualify for 100% reimbursement of Stamp Duty and Registration Fee on sale/lease/transfer of land for the first transaction only during the operative period of this Policy. Reimbursement of Stamp Duty and Registration Fee would be made after the date of commencement of commercial operations.
This Policy shall come into force with effect from the date of issuance of the Policy GR and shall remain in force till 31stMarch 2020 or till the declaration of a new or revised Policy, whichever is earlier. This Policy will supersede any GR/Circular (issued earlier) in contravention of the provisions of this Policy.