The luxury of Maldivian water villas could soon be experienced in India. Looking to develop high-value traveler destinations, Niti Aayog, the think-tank of government, has ready a Rs 1,500 crore water villas project within the lagoons of Lakshadweep and also the Andaman & Nicobar Islands.
Along with the villas, infrastructure would be developed, as well as the building of new airports, the introduction of seaplanes to these destinations and strengthening chopper services in addition to floating jetties to make sure smooth accessibility.
“Bids are invited for the seven coveted projects, which is able to be developed on a priority basis in public-private partnership mode… the idea is to form India a significant tourist destination,” an official from Niti Aayog told to media.
To showcase #IncredibleIslandsOfIndia as hubs for self-sustaining eco-tourism projects, #NITIAayog CEO @amitabhk87, Andaman & Nicobar Islands Chief Secretary @ChetanSanghi, #ANIIDCO MD Kulanand Joshi & @laksports MD S Asker Ali are participating in a Pre Application Conference pic.twitter.com/2f0vHALSXh— NITI Aayog (@NITIAayog) November 13, 2019Advertisement
The Niti Aayog has planned to build 125 rooms in water villas to be constructed on Minicoy island, Suheli island and Kadmat island of Lakshadweep.
It plans to construct 460 rooms within the land villas on the island, Aves Island, Smith Island and shaheed Dweep island in Andaman & Nicobar.
“The model concession agreement has been finalized. we hope to kickstart work on these comes in the current year itself,” the official said. Investments in these projects, with concession periods varied from 50 to 75 years, are projected to fetch returns of 30-40%.
According to the official, the Aayog has already obtained environmental approvals for all the projects and expects to award the contracts by end of this year.
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