Sayaji Hotels Ltd Awarded Tender for Iconic Wellness Center Project in Nava Raipur
Sayaji Hotels Ltd, acting as a Consortium Member, has been awarded a tender for the development of an Iconic Wellness Center Project at Sector-39, Nava Raipur Atal Nagar. The award was received via a letter dated March 20, 2026, from Nava Raipur Atal Nagar Vikas Pradhikaran, as reported on April 6, 2026.The project details stem from the tender process involving NIT No. 8589/R-23/PRJ/NRANVP/2025 and System Tender No. 178127. Sayaji Hotels Ltd participated in the tender alongside M/s. RDB Real Estate Construction Limited, which served as the Lead Member.
The award documentation specifies the following key aspects of the contract:
| Particulars | Description |
|---|---|
| Name of Awarding Entity | Nava Raipur Atal Nagar Vikas Pradhikaran |
| Nature of Contract | Allotment of land by NRANVP for the Development of Iconic Wellness Centre Project at Plot LI/S39/B in Sector-39, Nava Raipur Atal Nagar, Chhattisgarh. |
| Tender Reference | Request for Proposal (RFP) System Tender No: 178127 NIT No: 8589/R- 23/PRJ/NRANVP/2025. |
| Transaction Type | The land is being allotted on a Lease-hold basis for the development of an "Iconic Wellness Center" inclusive of an Ayurveda / Naturopathy Centre and a 5-star Eco resort. |
| Transaction Scope | The development is intended to cater to the tourists (Domestic & International) and medical / wellness tourism markets. |
| Foreign Involvement | The order was awarded by a domestic entity and is domestic in nature. |
The documentation confirms that the promoter, promoter group, or group companies have no stated interest in the entity that awarded the contract, and the transaction does not fall within the purview of related party transactions. The development is slated to take place at the Demised Land allotted by the process.
Stock Price Movement
At the close of trade Thursday, Sayaji Hotels shares settled at ₹271.30, reflecting a decline of 1.45%. During the session, the stock fluctuated throughout its range, testing lows near ₹271.00 while reaching a high of ₹277.00.Source:
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