The Hindu Business Line

In­cred­i­ble In­dia Projects opens ₹25-cr ho­tel in Se­cun­der­abad

- Business · India · Secunderabad · Vijayawada · Guwahati

In­cred­i­ble In­dia Projects (IIP) has launched the ₹25-crore Ho­tel In­cred­i­ble at Park Lane in Se­cun­der­abad.

Praveen Ku­mar Ne­dun­gadi, COO of IIP, in­au­gu­rated the third hos­pi­tal­ity ini­tia­tive.

“We have a land bank of over 2,000 acres in Te­lan­gana. The group is di­ver­si­fy­ing to ex­pand its busi­ness oper­a­tions be­yond real es­tate and hos­pi­tal­ity,” he said.

“We are set­ting up a pro­duc­tion plant for cakes and bis­cuits at Vi­jayawada high­way. By next month, we will start pro­duc­ing 80 tonnes of Veg cakes. Ini­tially, we will be do­ing job work for Parle and will come out with our own branded prod­ucts in due course,” he said.

The com­pany’s health­care foray is through a 160-bed­ded su­per-spe­cialty hospi­tal at Guwa­hati with a ₹100 crore in­vest­ment. It will be op­er­a­tional by April 2021.

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