Praveg Limited Receives Letter of Award for Luxury Tourism Project in Meghalaya
Ahmedabad (Gujarat) [India], February 27: Praveg Limited, India’s leading eco-responsible luxury resorts company, announced that it has received the Letter of Award (LoA) on February 25, 2026, from the Directorate of Tourism, Government of Meghalaya for the Development, Operation and Maintenance of Luxury Cottages located at Umiam in Meghalaya under Design, Build, Finance, Operate and Transfer (DBFOT) mode on Public-Private Partnership basis. The Company [...]
Ahmedabad (Gujarat) [India], February 27: Praveg Limited, India’s leading eco-responsible luxury resorts company, announced that it has received the Letter of Award (LoA) on February 25, 2026, from the Directorate of Tourism, Government of Meghalaya for the Development, Operation and Maintenance of Luxury Cottages located at Umiam in Meghalaya under Design, Build, Finance, Operate and Transfer (DBFOT) mode on Public-Private Partnership basis.
The Company was declared the selected bidder for the project, and pursuant to the revised terms approved by the competent authority, the project envisages the development, operation and maintenance of a minimum of 40 (forty) luxury cottages on approximately 10 (ten) acres of land, along with allied amenities and supporting infrastructure. The Company is required to complete development and make the project operational on a year-round basis within 18 (eighteen) months from the Appointed Date.
The project has been granted a concession period of 30 (thirty) years, commencing from the Appointed Date, providing long-term operational visibility and revenue generation potential. The Company anticipates robust performance from the upcoming resort.
