IHCL launches first Taj brand residence in Chennai
South Asia's largest hospitality firm Indian Hotels Company Limited (IHCL) has announced the first-ever homes to be sold under the Taj branding in Chennai. The project named Taj Sky View Hotel & Residences will see IHCL join hands with city-based real estate developer, Ampa Group, to launch 253 hotel rooms and 123 branded apartments.
Under the partnership of Ampa Group and IHCL, the developer will fund the project while IHCL will run operations of the entire property for 30 years, including maintenance of the 123 homes on site. The project's construction cost is estimated to be Rs 800 crore, of which Ampa has already invested Rs 200 crore.
As per the updates the project is expected to be completed in early 2027, between January and March.
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