Finance Needed for Beach Resort at Nargol near Vapi in Gujarat, India

The promoters need finance for Resort project only. An investment Rs. 400 lac is required. Outright sale of land with all construction will cost Rs. 1000 lac.

“Nargol Beach Resort” would be the best resort in Nargol. The resort is located close to the beach. It will consist of 32 rooms, conference hall, gym, and restaurant. The employees will be well trained. We will provide quality service and products to all customers. We are assured that there will be very good demand for this resort.

INTRODUCTION

The promoters desire to setup a Resort and to construct Holiday Home units for sale at Nargol, near a beautiful Sea Beach.

It is proposed to setup a 32-room 3 star luxurious resort on a piece of land admeasuring 10823 sq. meters.

On the periphery of the resort land 21 bungalows and 2 low rise apartments are planned to be constructed.

PROJECT DETAILS

Accessing the Site:

The Resort is located at Nargol Village on Nargol Bandar Road, which is an all-weather road.
To reach Nargol from Surat side one has to reach Vapi and Via Saujan one can go to Nargol. The Distance: VAPI - SAJAN (13 Km) – Nargol – (17Km)
To Reach Nargol from Mumbai Side one has to come via Bhilad to Umargam and from Umargam to Nargol.

Umargam is directly connected with Nargol through upcoming bridge on bay with distance of 3K.M. At present construction of a bridge has commenced. After completion of bridge the transportation from Umnargam to Nargol will be easy and will save a lot of time.

Resort:

The Resort will consist of:
• 32 well-appointed cottages (32 rooms) located within Resort. (Copy of the plan is attached.)
• A multi cuisine restaurant serving all favorite items and food varieties.
• An Indoor/Outdoor Sports Facility.
• A swimming pool.

Water: Potable ground water is available in sufficient quantity.
Power: The Resort site has already acquired a power connection from GEB.
Staff: The resort will employ experienced staff in all key positions. The directors have made the preliminary inquiries from different sources including other resort to hire the right persons within the short time.
For junior positions the local village people will be given preference. The directors do not foresee any specific problems in recruiting the required staff.

MARKETING OUTLOOK

General:

The tourism industry in India is substantial and vibrant, and the country is quickly becoming a major global destination. India's travel and tourism industry is one of the most profitable industries in the country, and is also credited with contributing a substantial amount of foreign exchange. This is illustrated by the fact that during 2006 four million tourists visited India and spent US $8.9 billion. Rising visitor arrivals have boosted foreign exchange earnings from tourism, which totalled US$11.9 billion in 2007, representing highly impressive growth of 33.8% year-on-year from 2006. This surpassed even our optimistic projections for tourism earnings in 2007, and has encouraged us to raise our forecast for foreign arrivals receipts in 2008 to US$13.2 billion.

India's tourism industry is experiencing a strong period of growth, driven by the burgeoning Indian middle class and growth in high spending foreign tourists.

About the proposed Resort:

There are quite a few resorts operating within the radius of 30 Km from nargol. Miramar, Mirasol, Cidad de Daman in Daman, Ras resort, Kamat resort at Sillvassa, Tithal, Hill Jill resort at Bordi and Silent Valley resort on N. H. 8 are doing good business. Nargol beach resort will become a pleasant alternative with its unique location and facilities that we will provide.

Tourism in India holds special position as it not only has potential to grow at a high rate, but also stimulates other economic sectors through its backward and forward linkages and cross-sectional synergies with sectors like agriculture, horticulture poultry handicrafts. It is the third largest net earner of foreign exchange for the country. Given India's unique endowments of biodiversity, forests, rivers, mountains, historical places, temples churches, caves, museums, monuments and culture the industry holds immense strength for obtaining higher growth rate. We guarantee that with our resort facilities we will successfully serve these in the original form and make them accessible to domestic and international travelers.

There are great opportunities in this sector and even the small players are reaping huge profits though they are not up to the mark. The quality of service provided is in most cases very low so we guarantee as per market study that by providing a very good quality of service, accommodation and other resort facilities we will reap a huge profit for the life time of the resort.

The promoters need finance for Resort project only.
An investment Rs. 400 lac is required to construct the Resort.
Outright sale of land with all construction will cost Rs. 1000 lac