Neesa begins building biz hotel at Dahej SEZ

Ahmedabad-based Neesa Group has started work on the first phase of its Rs 30 crore business hotel at the special economic zone (SEZ) in Dahej. Neesa Square, the 60-room business hotel at Dahej SEZ, which is coming one of the three petroleum, chemicals and petrochemicals investment regions of the country, the other two being in Haldia and Vishakhapatnam.

“Neesa will play a critical role in the SEZ development as hospitality will be an integral support system as Dahej establishes itself as a global investment hub,” said Pravin Kumar, zonal development commissioner, SEZs and EOUs Gujarat during the bhoomi pujan ceremony of Neesa Square.

The Rs 450 crore Neesa Group, with an asset base in excess of Rs 1200 crore, is rolling out more projects in the current fiscal, according to a press release.

“With Dahej set to play centre stage in the global investment map, it is only natural that one of the fastest growing groups in the hospitality sector be entrusted with this assignment. We are proud to announce the commencement of the first phase of Neesa Square, being executed by Dahej Hospitality, a special purpose vehicle,” said Sanjay Gupta, chairman, Neesa Group.

The second phase of the development of the 25,000 sq metre land alloted to Neesa by Dahej SEZ will comprise a convention centre with a 1500 seating capacity, office space of 55,000 sq ft approximately and 90 service apartments.

The second phase will cost around Rs 50 crore and is scheduled to commence in six-eight months' time.