Category: Business

Leading realtor in Northern India, the Saffron Group, has recently plunged into the hotel business by launching its maiden hotel property - Comfort Inn Saffron Kiran at Faridabad, National Capital Region.

Sunil Sharma, CEO, Saffron Group plans to make more investments in the hospitality sector primarily in Northern India. The company will invest a whopping Rs 200 crore in setting up budget hotels in places across Northern India in the next few years. “We are very passionate about the hotel business and we want to make it more functional in the next 10 years,” voices Sharma. The company plans to set up budget/mid-scale hotels in Uttarakhand and Himachal Pradesh where it owns landed property. Goa is next on its radar.

Apart from exclusive hotels, Saffron Group will be investing in a mixed-use development comprising a convention hall, serviced apartment and a hotel at Mehrauli-Gurgaon Road in NCR. “The concept has already been finalised and we hope to begin construction activities in the next six months on our property which is an expanse of five acres,” says Sharma.

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