We are excited to bring Excellent Acquisition Opportunities for an Exclusive resort in Kumaon Hills in Uttarakhand. Kumaon Hills region is the country’s second most visited region after Goa (as per one recent survey). The Kumaon Hills are the abode of Hindu Gods with thousands of temples. It is a centre of spirituality, peace, well-being, and connection with nature from Vedic times.
About Resort -District Almora (Kumaon)
The Resort is situated in the beautiful landscape of one of the most developed towns of Uttarakhand; Almora which comes under the KUMAON region of God’s own land and is also known as the cultural city of the state.
An 8 – 9 Hr drive from New Delhi, the Resort is located just 380 Kms from North of the Capital. There is Shatabdi and an overnight train from Delhi to Kathgodam, from there Almora (100 km) is a further 2-and-a-half hour drive, and an airport at Pantnagar, a 3-hour drive to Almora (120 km).
The Resort is about 9 9-acre sloping site, with varying gradients ranging from very steep slopes to flat lands and cliffs, surrounded by virgin jungle consisting of Deodar, Oak and Pine trees. In the backdrop of the resort lie the lovely snow-capped peaks of the Himalayas.
Resort Details
· Land: The land is in the name of two partners with 50% shareholding each. The title of the land can be transferred in the name of the Company. The company was incorporated in the year 2008 and presently has a paid-up capital of Rs 13.79 Cr.
· Total Area: 122 Nalis (6.1 Acre) plus 52 nalis (2.5 acres) are called ‘vargachar’, with only 60% land used and the rest 40% available for further development. Also, Land use changed to non-agriculture
· Total Built Up area: 1,20,000 sqft Approx.
· The total built-up area consists of the following blocks comprising Rooms, Suites, and other facilities
· Other Facilities comprise the following: Banquet Hall, Conference Hall, Board Room, Restaurant, Bar, Entertainment Room, Billiard Room, Card Room, Shop & Business Centre, Health Care Centre, Housekeeping Store, Kitchens – Main, Bakery, Preparation Area, Store, Administration Office, Utility Building. Provision also exists for a helipad in the premises.
· Present Status of the project: 9 units are complete in the residency block, 8 cottages are complete and the apartments are complete.
· Over the last 2 years, a huge 85 85-acre eco-park has also come up in Almora and is right next door to the resort. The Eco-Park provides a good activity area for families keeping members of all age groups engaged.
· Completion Time: It will take 4-6 months to make the project 100% operational.
Future Potential and Key Initiatives in Kumaon Region
· Key Initiatives by Government: The future growth of Tourism Infrastructure in the Kumaon area is the top priority of the State Govt. Recently the ADB has given Rs 700 Cr for the Tourism Infrastructure development to the Uttarakhand Govt. The major portion of this amount will be spent on faster connectivity like Air Strips, Helipads, Ropeways, and better roads.
· The improvement in infrastructure increases the potential for well-made resorts and hotels. This area is ideal for fine health care and rejuvenation centres, thanks to the perfectly serene, natural, and calm ambience, and the additional facilities like connectivity are attracting a variety of clients from around the world.
· The Industrial town of Rudrapur (120 Kms/3Hrs) is home to a vast number of Industries such as Tata, Bajaj, Haldirams, Hindustan Lever, P&G etc. These corporate houses require nearby destinations for employee conventions, visits, corporate visits and meets etc. and therefore are a vast potential customer for resorts operating in these areas.
Transaction: The resort is available for acquisition in Rs 45 Cr.