MADC Plans 100-Key Hotel At Shirdi Airport

The Maharashtra Airport Development Company Ltd (MADC) has drafted a plan to develop a 100-key luxury hotel near Shirdi International Airport. This project aims to expand passenger amenities and capitalize on the surging pilgrim traffic in the area.

MADC has floated a tender to lease a 3.7-acre plot adjacent to the airport for developing the hotel. The plot is located outside the primary airport area in a designated mixed-use zone. The project aims to address the growing demand for upscale lodging driven by the temple town's high influx of visitors.

The tender document issued by MADC states that the project aims to build a five-star hotel featuring a minimum of 100 rooms, alongside a business center or convention facility. Optional components like service apartments, a yoga or meditation center, and a gymnasium are also desirable.

The land will be offered on a 49-year lease with a minimum base price set at Rs 3,000 per square meter for the one-time lease premium and a permissible basic floor space index (FSI) of 1.5. Every bidder will have to deposit an earnest money deposit of Rs 50 lakh, and the selected developer will have to furnish a performance security of Rs 1 crore in the form of a bank guarantee prior to signing the lease agreement.

MADC has stipulated strict operational timelines for the prospective developer. The successful bidder will be required to complete at least 50% of the permissible FSI and make the hotel fully operational within four years of receiving the occupancy certificate from the Town Planning Officer.

To qualify, participating sole entities or lead consortium members will have to demonstrate strong industry credentials, including technical capacity in developing and operating an operational star-category hotel with a minimum of 150 keys and a minimum average annual turnover of Rs 200 crore over the last three financial years.

Shirdi International Airport has been operational since October 2017, and the area has seen a significant increase in pilgrim traffic. The development of a luxury hotel near the airport is expected to boost the local economy and provide better amenities to visitors.

The project is a significant step towards developing the hospitality infrastructure in the region. With the growing demand for upscale lodging, the development of a five-star hotel near Shirdi International Airport is expected to cater to the needs of pilgrims and tourists.

In conclusion, the development of a 100-key luxury hotel near Shirdi International Airport is a significant project that aims to boost the hospitality infrastructure in the region. With its strict operational timelines and requirements, the project is expected to provide better amenities to visitors and cater to the growing demand for upscale lodging.

The project's success will depend on the ability of the selected developer to complete the project within the stipulated timeframe and provide high-quality amenities to visitors. The development of the hotel is expected to have a positive impact on the local economy and provide a significant boost to the tourism industry in the region.

Overall, the project is a significant step towards developing the hospitality infrastructure in the region, and its success will depend on the ability of the selected developer to deliver a high-quality project within the stipulated timeframe.