Holiday Group sets eyes on Kerala projects

23 May, 2008

UAE-based Holiday Group is contemplating investing Rs 1,000 crore over a period of five years in infrastructure, housing and hospitality projects in Kerala. Mr C.C. Thambi, Chairman of the Holiday Group, recently announced the commencement of the construction of a 5-star deluxe resort at Bekkal near Kasargod, which is expected to be operational by 2009. The Group is also venturing into luxury housing projects across the State and the first project will come up at Marine Drive in Kochi. The Group also plans to come up with new projects at Kadavanthra, Maradu, Kakkanad, Kalamassery and Nedumbassery.