Praveg announced the acquisition of a new land lease for the development of Cave Resort in Jawai, Rajasthan. This new project will leverage the scenic beauty of Jawai with a one-of-a-kind luxury cave room structure.Located in the scenic area of Jawai, Rajasthan, the new resort is on a lease term of 30 years. Praveg has been granted a 12-month rent-free period to facilitate the setup. The resort will feature a total of 20 units, including 12 luxury cave-type rooms and 8 elegant tents. Additional amenities include a swimming pool, a restaurant, and a bar, alongside offering unique safari experiences. This acquisition is a pivotal moment in Praveg`s growth strategy, signaling the commencement of a distinctive resort development featuring luxurious cave rooms. Powered by Capital Market - Live News

Praveg announced the opening of Praveg Beach Resort at NagoaBeach, Diu. The company said, This marks a pivotal achievement in our vision to deliver unmatched luxury and hospitality experiences. Announced in October last year, this project was rapidly brought to life, commencing operations within just six months - an impressive testament to our efficiency and dedication.Powered by Capital Market - Live News

Praveg announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 30 April 2024 .Powered by Capital Market - Live News

Praveg will hold a meeting of the Board of Directors of the Company on 4 April 2024.Powered by Capital Market - Live News

Praveg announced the launch of the Safari Velavadar Resort in Gujarat. The resort is poised to achieve an impressive occupancy in the forthcoming six months, reflecting the high demand for sustainable luxury accommodations. The average room rateshould be in the range of INR 20,000 to INR 22,000. Praveg`s expansion represents a strategic milestone for the company, with promising prospects for revenue growth, profitability, and shareholder value creation. Situated in Gujarat`s vibrant heart, Velavadar captivates with its stunning ecosystem and scenic beauty. This peaceful locale is famed for the Velavadar Blackbuck National Park, a sanctuary for the elegant Indian blackbuck antelope and a host to diverse birdlife, including the rare lesser florican. Beyond its natural wonders, Velavadar invites exploration of its deep cultural roots, showcased in ancient monuments and lively traditions. From watching blackbucks roam freely to soaking in the tranquil rural atmosphere, Velavadar promises unforgettable moments for every visitor. The addition of these new luxury tented resorts significantly enhances Praveg`s footprint in the eco-luxury hospitality sector, increasing its operational portfolio to 11 properties, with an ambitious 15 more projects underway.Powered by Capital Market - Live News