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| Exchange Received Time 08/06/2018 20:47:45 Exchange Disseminated Time 08/06/2018 20:47:49 Time Taken 00:00:04 | With reference to the captioned subject, we are pleased to inform that the Company''s subsidiary Company "Iora Hotels Private Limited"("IORA") has received final pre-construction approval i.e Consent to Establish from Maharashtra Pollution Control Board for commencing construction of its 577 rooms & suites property with large convention center to be opened under Company''s brand "Lemon Tree Premier" located next to Mumbai International Airport, Mumbai, which is the most demand dense ad highest barrier to entry hotel market in India.
The groundbreaking i.e start of construction shall commence on 10th June, 2018.
The said approval is granted for a period upto commissioning of Hotel or 5 years, whichever is earlier.
Please take the above intimation on record and kindly acknowledge.
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