Pune-based Metropolis to develop the 1st five-star hotel in Navi Mumbai

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) December 18, 2008 -- Pune-based Metropolis Hotels (Joint venture between Avinash Bhosale Group and Sun-N-Sand), bagged a sprawling 47000 sq. mt. plot auctioned by City and Industrial Development Corporation (CIDCO) to build a five star hotel. Metropolis Hotels won the plot located off Palm Beach drive at a whopping bid of Rs.60, 085.15 per sq. mt.

The net deal is around Rs.283 crores which is the biggest ever plot CIDCO has auctioned for the 1st Five-Star Hotel in Navi Mumbai.

Commenting on this prestigious deal, Mr. Amit Bhosale, Director, ABIL Group (Avinash Bhosale Group) said, “We at ABIL are jubilant at this success and plan to bring in a well known international hotel brand at this site, the first five star hotel in Navi Mumbai with 500 luxurious rooms.”

The plot is strategically located at a distance of just 6km from the new proposed international airport and approximately the same distance from Trans-Harbour link connecting South Mumbai to Navi Mumbai. Along with a good road access the site also has a pleasant view of the CIDCO developed golf course.

About ABIL Group:

The Avinash Bhosale Group (www.abilgroup.com) is one of Pune's leading business conglomerates with diversified business interests in Real Estate, Infrastructure and Hospitality and operates under the name ABIL Group. Established in 1979 by Mr. Avinash Bhosale , Founder & Chairman, the ABIL Group is a dominant player in all the sectors in which it operates. The Group is engaged in the business of Construction, Roads and Infrastructure Developments, Irrigation Projects, Hospitality, Energy and Information Technology. The Group has recently also made successful forays into the IT and BPO sectors. With a resource pool of talented and exceptional professionals, the Group maintains enviable standards of efficiency and excellence.

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