AMPA Group and IHCL Launch Hotel and Residences Project in Chennai

Introduction

With world-class amenities and unparalleled hospitality, residents and guests can expect nothing but the best at Taj Sky View Hotel & Residences. The property’s strategic location provides easy access to Chennai’s key business districts, shopping centers, and entertainment hubs.

Table of Contents

• Taj-Branded Residences Have Green Power
• AMPA is Already Investment of Rs 200 Crore
• AMPA Group Decided to Complete the Hotel First

AMPA Group presents Taj Sky View Hotel & Residences in Chennai in partnership with Indian Hotels Company (IHCL). This exceptional development comprises a 253-key Taj Hotel and 123 Taj-branded residences. Offering a luxurious lifestyle experience. Located on Nelson Manikkam Road in Central Chennai, this greenfield project will offer a high standard of living in the city.

The project is expected to be completed by 2023. It has state-of-the-art facilities like a rooftop infinity pool, spa, and fine dining restaurants. Residents and guests also have access to personalized services and exclusive experiences hosted by Taj Hotels.

Taj-Branded Residences Have Green Power

The project is spread over an area of ​​3.5 acres. Taj-branded residences have features such as uninterrupted green power. Chiller-based air-conditioning. A comprehensive range of hotel-style services including in-home dining and maintenance care. Offering breathtaking views of the city skyline.

Residents enjoy access to the adjacent Taj Hotel’s signature restaurants such as Shamiana and House of Ming. Recreational amenities include an Olympic-size pool, fitness center, J Wellness Circle Spa, Niu & Now Salon, and Specter Theater. The proximity to these world-class dining options and luxurious amenities make living in this community a truly unparalleled experience.

AMPA is Already Investment of Rs 200 Crore

As per the partnership agreement between AMPA Group and IHCL. The developer finances the project. However, IHCL will monitor the operations of the entire property for 30 years. The sale of the residences, including the management of the on-site 123 homes, will fund the hotel’s operations. The construction cost of the project is estimated at Rs 800 crore.

AMPA has already invested Rs 200 crore. The remaining funds needed for the project will be raised through a combination of loans and equity. The project is expected to be completed within the next two years. The company is currently in talks with financial institutions to secure the necessary funding. Once the funding is in place, construction will proceed as planned to meet the projected timeline.

“Construction work is at an advanced stage and we have already invested around ₹200 crore. We expect the project to be completed by the first quarter of 2027,” said AMPA Palaniappan, Chairman & Managing Director, AMPA Group.

AMPA Group Decided to Complete the Hotel First

Residences in Taj Sky View are priced at Rs. 6.5 crore for units starting at 2,500 square feet (sq. ft.) and the largest units at 5,900 square feet. Amenities at Taj Sky View include a swimming pool, fitness center, and 24/7 security. The city skyline is located in a prime location for convenience and accessibility. Residents of Taj Sky View can enjoy a luxurious lifestyle with top-notch facilities and services.

AMPA Group has decided to deliver the Taj Sky View Hotel & Residences in Chennai. But first, it was decided to build a hotel. After that, it was decided to start residences. It will cost more than 19 crores. The hotel will offer luxurious accommodations and top-notch amenities to guests. While the residences will provide a premium living experience for residents. It is the tallest hotel in the city. Tower and high apartment with 23 floors.

“We feel this is a great opportunity for us to launch in all metros where HNIs (high-net-worth individuals) are interested in these types of services. We want to do more of these hotels and branded residences in at least the top 7-8 cities,” said Suma Venkatesh, Executive Vice President, Real Estate & Development at IHCL.

Conclusion

AMPA Group presents Taj Sky View Hotel & Residences in Chennai in partnership with Indian Hotels Company limited (IHCL). The project is spreading over an area of ​​3.5 acres. Undhi has many other activities and facilities. Hotels will be launched as residential projects. The hotel will start working first. The partnership aims to provide consumers with luxury residences that combine the two companies’ expertise in providing exceptional quality and service. For more information, visit openplot.