Excepts from the Report
Skyrocketing land costs in South and Central Mumbai as well as the movement of business activity to suburbs and Navi Mumbai has pushed the development of hospitality projects to North Mumbai.
Availability of large land parcels, economy of time and cost due to lesser commute time, proximity to existing and proposed airports as well as a Quadra modal connectivity to Thane, Panvel, Pune and Nashik have also been the reasons for extensive hospitality development in North Mumbai. Navi Mumbai too is poised for considerable hospitality activity beginning with the Park Hotel becoming operational in the current year. Another six hotels in the budget category are being planned in this micro-market.
Tags: Tourism, Hospitality, Nashik City Development
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