Praveg Limited Strengthened Business Operation: Stared Beach Resort in Diu

Praveg Limited, India’s leading eco-conscious luxury resort company, announced the opening of Praveg Beach Resort at Nagoa Beach, Diu. This momentous occasion signifies a significant milestone in Praveg’s unwavering commitment to offering unparalleled experiences in luxury and hospitality. Announced just last October, the project’s swift completion within six months exemplifies Praveg’s dedication and efficiency.

The arrival of Praveg Beach Resort marks a strategic expansion for Praveg Limited within the eco-luxury hospitality sphere. This new addition strengthens Praveg’s operational portfolio to a total of 12 stunning properties, with an ambitious pipeline boasting 14 more projects in development.

This strategic growth elevates Praveg’s brand recognition and sets groundbreaking new standards within the luxury hospitality industry. The future promises to be exhilarating for Praveg Limited and its valued stakeholders, brimming with exciting possibilities and exceptional experiences.

“We are thrilled to announce the opening of Praveg Beach Resort at Nagoa Beach, Diu, to our guests from May 15, 2024. With its superb location, eco-conscious design, and a blend of youthful and experienced team members, this resort is uniquely positioned to offer an unparalleled service to our international and domestic guests,” said Mr Vishnu Patel, Chairman of Praveg Limited.

He further added,”Praveg Beach Resort, the latest icon of luxury and serenity in Diu, represents the third jewel in our crown of premier properties. Situated along the serene Nagoa Beach, the resort invites guests to immerse themselves in the coastal beauty of Diu. It features 31 beautifully crafted Premium Tents and 4 exquisite dual-bedroom suites, each offering stunning sunset views. Just steps away from the soothing ocean waves, the resort boasts a host of premium amenities, including a sparkling swimming pool, expansive event lawns, advanced conference facilities, and exclusive wellness areas.”

With the launch of this splendid property, we anticipate an average occupancy rate of 40-50% over the next year, with an expected Average Room Rate (ARR) of ₹7,000 to 9,000. FY24 has been a year marked by robust expansion, and as we step into FY25, we look forward to reaping the benefits of our growth initiatives. Our commitment to increasing our portfolio with more eco-friendly luxury resorts across India is stronger than ever.

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