‘Hotel boom will last for another five years’
W ith over 500 projects the Uppal Group of New Delhi has
emerged as one of the leading real estate developers. The group is altering the
landscape of Delhi and NCR by building corporate and commercial complexes.
Atul Mehrotra spoke to Shakti S. Singh.
— Atul Mehrotra, Director, Uppal Group
Till now your focus was National Capital Region (NCR). Are
you planning for a pan-India presence?
Undoubtedly, the Uppal Group is one of the leading real estate developers in
NCR. But, now we are moving out of NCR to places like Chandigarh. Lucknow,
Hyderabad and Pune.
What road map plan do you have for making Delhi and NCR world-class
We are committed to alter the landscape of Delhi and its suburban areas like
Gurgaon, by providing destinations of the future. The Uppal Group has a
philosophy ‘To work with the Best’. From architects and engineers to consultants
and planners, everyone involved in the group’s businesses are thorough
How are Uppal’s hotels going to change Delhi’s hospitality industry?
Uppal’s Orchid has set entirely new standards for the world of luxury hotel
keeping. Combining ecological beauty with modern facilities, the Orchid is the
ultimate experience in every sense. Uppal’s Orchid is a member of the ‘Small
Leading Hotels of the World’. It is a five-star deluxe Ecotel business hotel,
spread across 10.5 acres of beautifully landscaped gardens. Due to its ideal
location, the hotel offers an easy access to the international airport, domestic
airport, New Delhi’s city centre and the new Gurgaon business district. The
landscaping of Uppal’s Orchid was created by the renowned landscape architects,
Belt Collins. The interiors were designed by WAT & G of USA, with proven
expertise in projects of such magnitude.
How is the hotel industry planning to meet the increasing requirement of
The economy is expected to grow at the rate of eight to nine per cent. Lot of
business activities will take place. As the business grows, the number of
business travellers will also rise, so the need for more hotels would also be
there. Delhi alone is falling short of 20,000 rooms. Lots of projects are coming
up to bridge the demand-supply gap.The Commonwealth Games is also putting
additional pressure. It has to be addressed in time.
How long will this boom in hospitality industry last?
I think the boom is going to be here for at least coming five years. After that
there will be status quo, though demand for business hotels will continue to
grow. Charges of luxury hotels are too high in comparison to other countries.
Tell us about Uppal Group and its areas of operation?
The Uppal Group brings in world-class technology, ideas and designs into real
estate development in India and aspires to grow across all verticals of the real
estate sector in the coming years throughout India. The group’s business of real
estate development and construction comprises super luxury residential
complexes, retail spaces and commercial complexes, luxury hotels, IT and ITES
parks, colonisation, farm house estate developments, large residential complexes
and special economic zones.
Which projects is Uppal currently executing?
Uppal Group has over 28 years of experience of having delivered more than 500
quality projects on time and has presence in all real estate verticals including
residential, retail, commercial, SEZ and hospitality. To name a few, Plaza M6,
New Delhi; Plumeria Garden Estate & Plumeria Gardens II, Greater Noida; and
Plumeria Homes, Lucknow. The group has been allocated land in Lucknow for
development by the Uttar Pradesh Township Pvt. Ltd and designed by a leading
architect from Singapore. Municipal Corporation, Chandigarh, conducted an
auction for residential plot near newly set up Rajiv Gandhi Chandigarh
Technology Park in Manimajra, and Metro Park, Dwarka, New Delhi. These are
recent projects taken up by the group.
How good is the financial health of your company?
Over the years, the Uppal Group has only grown, as corroborated by its financial
statements. The hroup had a turnover of Rs 1,138 million ($25 million) and a net
worth of Rs 973 million (22 million) in 2004-2005. In coming two-three years we
expect growth of somewhere near 30-40 per cent annually.
What are your company’s future plans?
Two multi-utility approved SEZs in Gurgaon and integrated townships in Hyderabad
and Pune are in pipeline.
The Uppal Goup has signed an MoU with US real estate giant Vernado for
development of a 272-acre SEZ in Rathiwas, Bhodakalan and Bhudka villages in
Gurgaon district of Haryana located on the main NH-8, approximately 10 km
towards Jaipur from IMT, Manesar. Approximately 25 million sq. ft of ready-built
infrastructure will be developed by Uppals, including business centres for
trading zone, logistics park and warehouses, shops and other commercial
developments, offices, hotels and service apartments, community
The size of the second SEZ is 72 acres, which also situated in Gurgaon.
Spadework will commence in June 2007 for these two projects.
[07 May 2007]