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.

apoa asian palm oil alliance bhopal events Business palm oil climate palm oil conclave palm oil health palm oil india palm oil markets sustainable palm oil

Palm Oil Conclave 2025 In Bhopal to Drive National Dialogue on Health, Markets & Sustainability

Bhopal (Madhya Pradesh) [India], November 24: In a concerted push to reshape public opinion and build a stronger, more responsible palm oil ecosystem in India, the Asian Palm Oil Alliance (APOA), together with Solidaridad and The Solvent Extractors’ Association of India (SEA), will host the Palm Oil Conclave 2025 on December 6 in Bhopal. This year’s […]

Read More
Brick & Bolt Business Construction Technology Indian real estate leadership tech-enabled construction transparency

Brick & Bolt strengthens leadership to drive Transparent, Tech-Enabled Construction for India’s Next Phase of Construction Boom

Brick & Bolt Announces the Appointment of Abhinandan Narayan as Chief Business Officer New Delhi [India], November 24: Brick & Bolt, India’s leading tech-enabled construction company, recently announced the appointment of Mr Abhinandan Narayan, as Chief Business Officer. A seasoned leader with a track record of scaling high-growth organizations, Narayan will spearhead Brick & Bolt’s next […]

Read More
Business

Suburban Mumbai Emerges as City’s Real Housing Centre, Palladian Partners Analysis Shows

Mumbai (Maharashtra) [India], November 24: New market indicators point to a structural shift in Mumbai’s housing patterns, with the Western and Central suburbs now driving the bulk of residential demand. Registration data from October shows that 55% of transactions originated in the Western belt and 29% in the Central suburbs, while the traditional island city […]

Read More