A new residential hotel is being developed by Aarushi Group.
The property, located in Pune’s Pimpri Chinchwad area, will be the first residential hotel in the area.
The hotel will be built on a 30-acre plot in the Pimple area and is expected to be completed by late 2019.
Aarush is the managing director of Aaruchi, which is an investment group for the Pune-based construction and development firm.
According to the development team, the hotel will include a cinema, restaurant and bar.
The company is aiming to generate $30 million (Rs 2,000 crore) of revenue in 2019-20.
A project that has been in the works for the last five years, the project is slated to have a residential component of 30 to 50 rooms.
The company’s latest project in Mumbai has attracted attention in recent years for the amount of green space it provides, including the Pinchwada and Chinchpura-Mumbai areas.