EIH Limited announced that at its board meeting held on 28 March 2024, has approved the construction of an Oberoi Luxury Resort at Cavelossim Beach in South Goa on a 52 acres site owned by the company. Name of Unit: The Oberoi, Goa; Category: Luxury Resort with 90 rooms & suites; Whether cater to domestic or International Market: Domestic and International travelers; Investment required (Estimated): INR 4,210 million; Period within proposed capacity to be added: Resort to be operational from 1 October 2027; Mode of financing: Internal accrual and debt. The company has further entered into a hotel management agreement for a second project as a luxurious Oberoi Resort at Bogmalo Beach in South Goa.
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