The Free Press Journal · Business · 2026-08-18
Sindhudhurg's Dream Of First Luxury Hotel Comes Closer To Reality After Three Decades Following A Tripartite Agreement; Landowners To Receive ₹1.44 Crore Per Hectare
Maharashtra’s coastal Sindhudurg district will get its first five-star hotel after IHCL signed a tripartite agreement with MTDC and local landowners on Tuesday. The luxury resort in Shiroda-Velagar will be built on 54.40-hectare land after a 32-year delay. IHCL will pay ₹1.44 crore per hectare to landowners under the agreement, ending disputes over compensation structures.
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