Seven Star Oberoi Tender

Scope Construction of Seven-Star Oberoi Hotels and Resorts at Gandikota in YSR Kadapa district and Bheemunipatnam in Visakhapatnam district and the world famous pilgrim city of Tirupati in Andhra PradeshWith an aim to give a booster dose to promotion of tourism in a big way in Andhra Pradesh Chief Minister Y S Jagan Mohan Reddy unveiled the plaques and laid foundation stone for the construction of seven-star Oberoi Hotels and Resorts at Gandikota in YSR Kadapa district and Bheemunipatnam in Visakhapatnam district and the world famous pilgrim city of Tirupati.The group will invest nearly Rs 1500 crore on the new facilities with a potential to generate direct and indirect jobs to an estimated 11000 people. The Oberoi Group has been allotted 40 acres at Annavaram village close to Bheemunipatnam and 20 acres near Alipiri Zoo Park Road in Tirupati. While the Bheemunipatnam facility will involve investment of Rs 350 crore the Tirupati resorts will be built with an investment of Rs 250 crore providing employment to 7000 people. The Bheemunipatnam facility with 300 villas is expected to be operational in four years.The ground-breaking ceremony was a follow up of the MoU signed with the Oberoi Group at the Global Investors Summit GIS in Visakhapatnam in March. Under the New Industrial Development policy projects which are grounded after signing MoUs within a specified period are entitled to get earlybird incentives.The State Government and Vikram Oberoi MD of Oberoi Group exchanged MoU in the presence of the Chief Minister. Participating in the bhoomi puja at Gandikota the Chief Minister said that the initiative for a luxury hotel at Gandikota in YSR Kadapa district known as the Grand Canyon of India will help it find a place on the world tourism map.