Lodha Group-owned Macrotech Developers has received approval from the National Company Law Tribunal (NCLT) for acquiring the Centaur Hotel from V Hotel. The developer plans to create a luxury residential project on the prime 6.1-acre land in Juhu, right along the beach and adjacent to the JW Marriott Hotel.
The land, situated on Juhu Tara Road in the western suburbs of Vile Parle, was previously owned by V Hotels. Macrotech Developers will pay approximately INR 890 Crore to acquire this property. The Centaur Hotel Juhu Beach, originally acquired from the Hotel Corporation of India, boasts around 367 keys, along with restaurants, large banquets, and a small retail component.
Also Read: Key Upcoming Projects by Jayabheri Group
Although the hotel is currently non-operational, the land parcel holds immense potential for redevelopment. It can be repurposed for various asset classes, such as residential, commercial, retail, or a combination of these.
This ambitious project by Macrotech Developers promises to redefine luxury living in one of Mumbai’s most sought-after locations. With the beach as its backdrop, the upcoming residential development is poised to offer a lifestyle that harmonizes elegance, comfort, and breathtaking views of the Arabian Sea.
Biltrax Construction Data is tracking 30,000+ projects on their technology platform for their clients.
Get exclusive access to upcoming projects in India with actionable insights. Furthermore, gain a competitive advantage for your products in the Indian Construction Market.
Visit www.biltrax.com or email us at contact@biltrax.com to become a subscriber and generate leads.
Disclaimer: The information herein is based upon information obtained in good faith from sources believed to be reliable. All such information and opinions can be subject to change. Furthermore, The image featured in this article is for representation purposes only. It does not in any way represent the project. If you wish to remove or edit the article, please email editor@biltrax.com.
0
