Praveg Wins Contract to Construct Luxury Tents in Lakshadweep from Tourism Department

Praveg Limited, a leading eco responsible luxury resorts company in India, has secured prestigious work orders from the Department of Tourism, Union Territory of Lakshadweep. The company is set to develop, operate, maintain, and manage luxury tent accommodations and a variety of commercial activities on Thinnakara Island and Bangaram Island, marking a significant milestone in its journey.

Project Overview

The ambitious project aims to create 200 luxury tents on Thinnakara Island and 150 on Bangaram Island, offering a range of high-end amenities such as Scuba Diving, Destination Weddings, Corporate Events, Private Gatherings, a Health and Wellness Centre, Children’s Play Area, and a Coffee Shop, among others. The initial term of the project spans five years, with the possibility of a two year extension.

Management Commentary

Mr. Vishnu Patel expressed his enthusiasm about the new venture, stating, “It is with immense pride that we embark on this journey to enhance the beauty and accessibility of Bangaram and Thinnakara Islands through our eco-friendly and luxurious hospitality solutions. We are deeply grateful to the Lakshadweep Tourism Department for their confidence in Praveg. We are excited to introduce our guests to an unparalleled experience of sustainable luxury through the Praveg Tent City project.”

The Beauty of Lakshadweep Islands

Lakshadweep Islands are known for their accessibility, with a local airstrip offering unparalleled ease of access compared to many secluded islands. Thinnakara Island, located just 8 km from Agatti’s airport, boasts pristine lagoons, peaceful beaches, gleaming sands, and iconic palm scenery. Bangaram Island, spanning 120 acres, is a tranquil haven surrounded by a coral reef-laced lagoon. It is home to a diverse ecosystem and offers a serene backdrop that fosters a profound sense of well-being and a deep connection with nature.

Expansion and Future Projects

This new project significantly enhances Praveg Limited’s footprint in the eco-luxury hospitality sector, increasing its operational portfolio to 10 properties, with 16 more projects underway. In December 2023, Praveg was entrusted with a project on Agatti Island to develop 50 luxurious tents. This recent expansion brings Praveg’s total number of upcoming accommodations in Lakshadweep to 400 rooms.

Anticipated Occupancy Rates

As the travel and tourism industry continues to see robust demand, Praveg anticipates strong occupancy rates of 40% to 50% across its new properties, reflecting the growing demand for sustainable and exclusive travel experiences.

Conclusion

Praveg Limited’s new luxury tented resorts in the Lakshadweep Islands offer a unique opportunity for travelers seeking sustainable and exclusive experiences. With its commitment to eco-responsible practices and luxurious hospitality, Praveg is set to redefine luxury travel in the region, offering guests an unparalleled blend of comfort, luxury, and environmental stewardship.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.