A 77-storey five-star hotel has got the go-ahead from the central environment ministry and will join a host of development projects set to change the skyline of central Mumbai.
To be developed by the Ackruti Group, the massive hotel — comprising 320 rooms, 630 service apartments and 84 business centres — will be built on the 5.3-acre Prabhadevi plot once occupied by Hindustan Spinning and Weaving Mill.
It will be the third five-star hotel in central Mumbai — after ITC Grand Central in Parel and the Four Seasons in Worli — but the only one offering service apartments to clientele.
With an estimated construction cost of Rs 522 crore, the hotel will be one of the biggest hospitality projects in Mumbai.
The project got its final clearance in end-July, after a site visit by a subcommittee of the Centre’s Expert Appraisal Committee on Infrastructure and Coastal Regulation Zones.
Minutes from the subcommittee’s meeting were released this week.
“We will finalise a launch date soon,” said Ackruti managing director Vimal Shah.