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Praveg secures 30-year land lease for development of Cave Resort in Jawai

13 May 2024 Evaluate

Praveg has secured 30-year land lease for the development of Cave Resort in Jawai, Rajasthan. This new project will leverage the scenic beauty of Jawai with a one-of-a-kind luxury cave room structure. Praveg has been granted a 12-month rent-free period to facilitate the setup. The resort will feature a total of 20 units, including 12 luxury cave-type rooms and 8 elegant tents. Additional amenities include a swimming pool, a restaurant, and a bar, alongside offering unique safari experiences. This acquisition is a pivotal moment in Praveg’s growth strategy, signaling the commencement of a distinctive resort development featuring luxurious cave rooms.

Praveg’s Jawai Resort is designed to be a vibrant cultural hub, blending Rajasthani art, culture, dance, and cuisine with a global appeal. The resort aims to promote local artisans, craftsmen, and performers, creating a dynamic cultural atmosphere that leaves a lasting impression on visitors. Once operational, guests are encouraged to immerse themselves in the local culture, participating in the cultural extravaganza that Jawai has to offer and taking colorful memories home.

This expansion into Jawai is part of Praveg’s broader strategy to increase its presence in the eco-luxury hospitality market. Currently operating 12 properties, with 14 more ambitious projects under development, this new resort is expected to set new benchmarks in luxury hospitality and contribute significantly to the company's growth.

Praveg (Formerly known as Praveg Communications (India)) is principally engaged in business of providing services in holding and arranging Events, Exhibitions, Advertisement, Hospitality and in pharma sector.

Praveg Share Price

253.65 -2.70 (-1.05%)
22-Apr-2026 12:52 View Price Chart
Peers
Company Name CMP
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