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Construction : Web Exclusive | March 2013 | Source : Construction Update

Max Group to build and operate 'Vana' lifestyle properties

Analjit Singh-promoted Max Group is planning a foray into the hospitality sector, with a wellness resort brand 'Vana'. The venture is being spearheaded by Singh's 30-year-old physicist son, Veer Singh, and the company, Vana Retreats & Hotels has plans to build and operate lifestyle properties across India and abroad with an initial project outlay of Rs 300 crore.

The first 21-acre property set among sal forests in Malsi Estate, Dehradun is currently under construction and is expected to be completed by winter this year. The 90-room luxury property will offer yoga, ayurvedic and other wellness therapies, aimed at well-travelled, health-conscious individuals and families.

The company is hoping to set up 7-10 Vana retreats in the next decade, Veer Singh said. Half the project cost of Rs 300 crore will be in the form of equity.

 
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