Tata Group's IHCL to Create New Luxury Landmark with INR 2,500 Crore Taj Bandstand Investment in Bandra West, Mumbai

Tata Group-backed Indian Hotels Company (IHCL) has announced plans to invest ?2,500 crore in constructing the Taj Bandstand hotel in Mumbai. The project will rise on the site of the former Sea Rock hotel, which had sustained extensive damage during the 1993 serial bomb blasts and was subsequently shut down.

Approvals Secured, Construction to Begin Soon

IHCL has already obtained key pre-construction approvals, including the Intimation of Disapproval (IOD) and a provisional fire No-Objection Certificate (NOC). The hospitality giant has outlined its plan to commence construction in the coming months, contingent on receiving all necessary clearances. The company anticipates completing the project within four years.

Groundbreaking Ceremony Attended by Prominent Leaders

The foundation stone for the project was laid in the presence of Maharashtra Chief Minister Devendra Fadnavis and Tata Sons Chairman N Chandrasekaran. The new luxury property, spanning two acres, is set to feature 330 rooms and 85 apartments, along with multiple dining options and convention spaces. IHCL has also committed to the development and upkeep of the surrounding areas.

Strengthening IHCL’s Presence in Mumbai

With the addition of Taj Bandstand, IHCL’s portfolio in Mumbai will expand to 17 hotels, including five currently under development. The company, which first introduced The Taj Mahal Palace in Bombay in 1903, has long been an integral part of the city’s hospitality landscape.

A Tribute to Mumbai’s Legacy and Future

IHCL’s Managing Director, Puneet Chhatwal, emphasized that the Taj Bandstand project is designed to uphold the brand’s rich heritage and serve as a prominent addition to Mumbai’s skyline. He highlighted the collective commitment from both the state government and IHCL to ensure the project's timely completion, reinforcing Mumbai’s position as a global city.

News Disclaimer

This article is based on publicly available information and statements from IHCL and relevant authorities. While every effort has been made to ensure accuracy, developments related to the project may be subject to change based on regulatory approvals and business decisions. Readers are advised to verify information independently before making any investment or business decisions.