Bharat Agri Fert & Realty Ltd. Expands Hospitality Division with an INR 85 Crore Resort Project

Bharat Agri Fert & Realty Ltd. has announced a significant expansion of its hospitality division, focusing on the enhancement of its ANCHAVIYO Resort. The ANCHAVIYO Resort, located in Kharivali Village, Palghar, Maharashtra, has already built a strong foundation with 80 luxurious rooms, high-end dining options, and a wide array of recreational amenities. With the new expansion plan, the resort is set to become a premier destination for destination weddings and corporate events, aligning with the Government of India’s "Wed in India" initiative.

Expansion Plans and Features

The expansion, estimated to cost INR 85 crores, is poised to elevate the resort’s offerings and make it one of the top wedding destinations in India. Key features of the expansion include:

• 130 additional rooms, spanning various categories such as Executive, Deluxe, Suite, and Premium Presidential Suites.
• A 10,000 sq. ft. restaurant designed to enhance the dining experience.
• A sports bar with a bowling alley and arcade games catering to diverse guest preferences.
• A terrace spa with an infinity pool and a garden café overlooking the Vaitarna River.
• A unique island pool with waterfalls, slides, caves, and a DJ island booth designed by renowned international architects.
• A 10,000 sq. ft. banquet hall, complete with a pre-function area, large lawn, and provisions for outside catering.
• A stunning 28,000 sq. ft. open-air mandap, ideal for weddings, corporate events, film shoots, and music festivals.
• An employee colony with an in-house canteen and recreational facilities to support staff.

This expansion promises to significantly boost the resort's capacity and attractiveness, making it an ideal venue for weddings, events, and vacations in Maharashtra.

Financial and Government Support

The company has secured INR 25 Crores in funding from NKGSB Bank, with an additional INR 32.5 Crores expected from other banking partners by December 2024. Furthermore, Bharat Agri Fert & Realty will benefit from the Government of India’s “Wed in India” initiative, which offers capital subsidies, lower energy tariffs, GST reimbursements, and interest subsidies on term loans for destination wedding projects. These incentives will enhance the financial viability of the expansion, ensuring its sustainability in the long run.

Additionally, town planning approval has been granted for the conversion of 120 acres of land for non-agricultural use, further streamlining the project’s development.

Revenue Projections

The company expects the expanded ANCHAVIYO Resort to generate annual revenues of INR 111 Crores by FY 2026-27, assuming an occupancy rate of 65-75%. The expansion will not only strengthen Bharat Agri Fert & Realty’s hospitality division but also bolster its real estate and fertilizers sectors, driving long-term growth and profitability.

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With the project set to be completed by March 2026, Bharat Agri Fert & Realty is confident that the new resort will become a leading venue for high-end events, offering world-class amenities to guests.

The company has committed to delivering this ambitious project with precision, and they continue to keep their stakeholders informed about its progress. The support from both the government and financial institutions will ensure the success of this endeavor, making ANCHAVIYO Resort a standout in the luxury hospitality and destination wedding sectors in India.

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This expansion is poised to redefine the future of Bharat Agri Fert & Realty Ltd., contributing to its long-term goals of growth and industry leadership in multiple sectors.