![Taj-branded residences in Chennai](https://chanakyanipothi.com/wp-content/uploads/2024/05/Taj-branded-residences-624x399.jpg)
Taj-branded residences in Chennai
Indian Hotels Company Ltd has announced the first-ever homes to be sold under the Taj branding anywhere in the world. Taj Sky View Hotel & Residences, presently under construction in Chennai, will see IHCL join hands with city-based real estate developer, Ampa Group, to to launch 253 hotel rooms and 123 branded apartments. The project is expected to be completed early 2027, between January and March.
The developer will fund the project while IHCL will run operations of the entire property for a period of 30 years, including maintenance of the 123 homes on site. The project’s construction cost is estimated to be Rs.800 crore, of which Ampa has already invested Rs.200 crore.