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Kochi, June 20 The UAE-based Holiday Group has proposed to invest Rs 1,000 crore over a period of five years in infrastructure, housing and hospitality projects in the State.

Mr C.C. Thambi, Chairman of the Holiday Group, said at a press meet here that the construction of a 5-star deluxe resort at Bekkal near Kasargod had already commenced and is expected to be operational by 2009.

Set in 36 acres of lush greenery, the project will have 50 well-designed cottages that will set a new benchmark in the tourism industry.

The Group is also venturing into luxury housing projects across the State and the first project will come up at Marine Drive in Kochi. These super-luxury apartments will be the ultimate in luxury and comfort, with world-class features and facilities.

Named ‘Holiday Bay Castle’, this will be a one-of-its-kind apartment complex in the State, he said.

Besides, a luxury villa project is slated to commence soon at Kakkanad, the IT hub of the State.

The project, set in 11 acres, will have luxury villas designed like traditional bungalows.

The Group also plans to come up with new projects at Kadavanthra, Maradu, Kakkanad, Kalamassery and Nedumbassery.

Keeping in mind the growing tourism opportunities, he said, the Group is also planning to set up 5-star hotels and resorts in Kochi, Kumarakom, Thiruvananthapuram and Kovalam. Large shopping malls in Kochi, Thrissur and Kozhikode and integrated townships in Kalamassery and Nedumbassery are also in the pipeline.

The group is also planning to come up with theme restaurants and motels on national highways.

More Stories on : Overseas Investments | Diversified | Kerala

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