Sarovar Portico for Crescent launches at TDI Smart City, Mohali with TDI Infratech.
Sarovar Hotels and TDI Infratech have inked a deal for Sarovar Portico to Crescent, TDI Smart City, Mohali’s next commercial and hospitality development. The signing strengthens the project’s hospitality offering and reflects TDI Infratech’s objective of incorporating well-known hospitality brands into its real estate developments, making it an important milestone.
The projected hotel is scheduled to open in 2029 and will have 72 keys. It will be a part of Crescent, a G+8-story complex with 100 units and a built-up area of about 140,000 square feet.
The signing event was attended by Akshay Taneja, Managing Director of TDI Infratech, and Ajay K. Bakaya, Chairman of Sarovar Hotels.
Serving both business and leisure tourists throughout Mohali and the Chandigarh Tricity, the projected Sarovar Portico will introduce branded hospitality to TDI Smart City. A spa, gym, pool, all-day dining outlet, and banqueting services are among the planned features. The hotel, which is integrated with Crescent, will enhance its commercial offerings while meeting the demands of both enterprises and tourists in terms of lodging and services.
Sarovar Hotels’ hospitality brand and operational competencies are combined with TDI Infratech’s real estate development knowledge in this alliance. It strengthens Crescent’s position as an integrated business destination with lodging and guest services by adding a specific hospitality component.
Akshay Taneja, Managing Director, TDI Infratech stated, “Crescent reflects our vision of creating integrated destinations where commercial infrastructure and branded hospitality complement each other to deliver long-term value. Our collaboration with Sarovar Hotels is a critical step in developing this strategy, enhancing the project’s offer while addressing the changing demands of visitors and enterprises. We see a chance to establish locations that significantly contribute to the development of the region as Mohali continues to flourish as a commercial and urban hub.”
Rajesh Ranjan, Senior Vise President of Development at Sarovar Hotels stated, “Our partnership with TDI Infratech at Crescent reflects our focus on expanding our presence in markets where business activity and urban development are creating opportunities for quality hospitality. Mohali’s location in the Chandigarh Tricity region presents a chance to cater to a wide range of business and leisure tourists. We are excited to use this initiative to bring the Sarovar Hotels experience to the market.”
