Praveg Transfers Bangaram Island Resort to IHCL

Ahmedabad (Gujarat) [India], May 2: Praveg Limited is pleased to announce the successful and formal handover of operations of its flagship resort property, Praveg Atoll’s on Bangaram Island, Lakshadweep to Indian Hotels Company Limited (IHCL), in accordance with the Hotel Management Agreement signed between both parties and announced on March 3, 2025.

With this handover, IHCL assumes full operational control of the property under its esteemed SeleQtions brand, reinforcing its commitment to offering guests unparalleled luxury experiences in one of India’s most pristine island destinations.

This milestone marks the next phase in a strategic collaboration between Praveg and IHCL aimed at redefining eco-conscious luxury travel. Guests visiting the Bangaram Island resort can now expect IHCL’s signature blend of world-class service, personalized guest experiences, and sustainable hospitality practices that complement the island’s natural beauty and ecological significance.

Dr. Vishnukumar Patel, Chairman of Praveg Limited, commented on the handover: “This formal transition represents a shared vision between Praveg and IHCL to transform Bangaram Island into a model for luxury and sustainable tourism. We are confident that under IHCL’s stewardship, the resort will reach new heights in hospitality excellence while preserving the island’s delicate ecosystem.”

IHCL will now lead all facets of resort management, including operations, guest services, food and beverage, recreational experiences, and environmental stewardship. The property’s integration under the SeleQtions portfolio positions it as a premier destination for discerning travelers seeking a serene yet sophisticated island retreat.

Key Features of the Now-Operational Resort under IHCL :

• Exclusive SeleQtions Experience: Personalized luxury services, spa indulgences, curated culinary journeys, and immersive local experiences.

• Sustainable Island Tourism: Low-impact structures, eco-friendly utilities, and marine conservation practices to maintain ecological harmony.

• Global Visibility: Enhanced marketing through IHCL’s global network, loyalty programs, and high-end travel platforms.

Praveg remains committed to its mission of developing innovative, eco-sensitive hospitality experiences across India and looks forward to more such partnerships that align with its values of quality, sustainability, and experiential travel.

If you have any objection to this press release content, kindly contact [email protected] to notify us. We will respond and rectify the situation in the next 24 hours.

Business

Airfloa Rail Technology Bags ~INR 10 Crore Order from Integral Coach Factory

Mumbai (Maharashtra) [India], December 17: Airfloa Rail Technology Limited (BSE – AIRFLOA | 544516 | INE0XBS01012), a leading manufacturer of railway rolling stock components and turnkey interior solutions, has announced the receipt of a new domestic order valued at ₹9.96 Crorefrom the Furnishing Division of Integral Coach Factory (ICF), Chennai. Order Overview The order entails the supply and installation of interior panelling and […]

Read More
Business

‘Gujarat Kidney and Super Speciality Limited’ is a Multispeciality Company Providing Healthcare Services at Several Locations in Gujarat

The company’s IPO will open on December 22 and close on December 24, 2025 Vadodara (Gujarat) [India], December 17:  Vadodara-based Gujarat Kidney and Super Speciality Limited is a multispecialist company providing healthcare services at several locations in Gujarat. The company is bringing an IPO on the NSE and BSE mainboard to meet its desired capital […]

Read More
Business distributors financial inclusion india finance jignesh desai Mutual Funds neeraj choksi nj group surat wealth management

The Wealth Architects of India – NJ Group’s Legacy of Trust & Transformation

L to R: Mr Neeraj Choksi and Mr. Jignesh Desai, Co-founder and Promoter of NJ Group New Delhi [India], December 17: In the dynamic world of Indian finance, some stories are inspiring, like the NJ group. Established in 1994 by visionary industry leaders Mr. Neeraj Choksi and Mr. Jignesh Desai, the company has grown humbly […]

Read More