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Hotel Assets for Sale in Khankot, India

Hotel plot of 4,566.66 sq yards in Amritsar with PUDA approved plan near golden temple.

Ownership Duration 20-30 year(s)
Industries Hotels
Locations  Khankot
Local Time 9:20 PM Asia / Kolkata
Listed By Management Member
Status Active
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Asset Sale
Asking Price: USD 510 thousand (Native Currency: INR 45,000,000)
Reason: The company owns a large land bank which it has developed into plots with approvals to build various... View More
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Assets Description
- The hotel plot is strategically located on the GT Bypass road in Amritsar, with a total area of 4566.66 Sq yards, providing easy access to the Golden Temple and the nearest airport, enhancing its potential for attracting tourists and business travelers.
- The approved plan by the Punjab Urban Development Authority (PUDA) includes a permissible Floor Area Ratio (FAR) of 2, allowing for a maximum of 82,200 sq feet for construction, and a permissible height of 75', providing ample space for multiple floors and amenities.
- The dimensions of the hotel site are 150' front x 274' depth, offering a spacious area for the development of the hotel property, with an attached parking area of 1,413.83 sq yard, ensuring convenient parking facilities for guests and visitors.
- The Change of Land Use (CLU) approval obtained from PUDA further solidifies the potential for development, indicating the property's compliance with zoning regulations and its suitability for hotel construction.
- The proximity of the hotel plot, located 6-7 km from the Golden Temple on the GT Bypass, presents an advantageous location for attracting pilgrims and tourists visiting the revered site, creating opportunities for high occupancy rates and potential partnerships with tour.
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Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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