The JB group is also planning to enter various sectors including banking and mining in the country. It is awaiting the Reserve Bank of India's (RBI) nod to enter the banking space. The group, which has mining operations in China and upcoming mining venture in Indonesia, is also exploring opportunities in the mining sector in the country.
"We are seeing a great potential in the Indian hospitality space. We will build IT parks, residential and commercial complexes apart from the hotels and resorts in tier-I and tier- II cities", said JB group chairman Bhupen Surani.
The group is planning to invest Rs 1200 crore in Goa with five projects in 300 acre of land, which it has bought in Goa. It will have India's first Sofital resort, which is Accor's Five-star brand, under this project. It is under talks with various global chains to set up another hotel chain in the land. It already has 40-room Coconut Groove Hotel in Goa.
Besides this, the group will set up 300 Timeshare villas under the Accor Premier Vacation Club in Goa
It is also planning to build 800-fractionally-owned villas under the project apart from a marina, a bay to park large and medium sized yatches, in Goa Surani said.
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