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Vasu Coco to open 4 new projects
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PM News Bureau
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Monday, April 30, 2012, 11:31 Hrs [IST]
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New Delhi-based Vasu Coco Resorts will be opening four new projects in Kerala. The first project Vasundhara is the company's first project, and is spread over 7 acres on the banks of Vembanad Lake. The resort is managed by Sarovar Hotels & Resorts which already manages Gokulam Park at Kochi.
The company has invested Rs 70 crore in Vasundhara Sarovar. A portion of the funds has been raised through term loans from the State Bank of Travancore.
Besides Vasundhara Sarovar, the company has three more projects lined up in Kerala- an ayurvedic resort with 12 cottages at Kodumb in Palakkad district and another one at at Mannarkad, also in Palakkad district. The fourth project is a heritage village at Thuravoor in Alappuzha district where the company will relocate nine old traditional style houses. in Palakkad district.
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