Indian Hotels Company Limited (IHCL) will invest between ₹6,000 crore and ₹7,500 crore in capital expenditure over the next five years as it accelerates its expansion strategy, with the upcoming Taj Bandstand in Mumbai emerging as its flagship development.
Speaking at the company’s Annual General Meeting (AGM), N. Chandrasekaran, Chairman of Tata Group and Non-Executive Director of IHCL, said the proposed 50-storey, 500-room Taj Bandstand will involve an investment of around ₹2,000 crore.
“We hope it will be an iconic property,” Chandrasekaran said, outlining the company’s long-term investment roadmap.
The Taj Bandstand project is expected to become one of Mumbai’s most prominent luxury hospitality developments, reinforcing IHCL’s focus on expanding its premium portfolio amid rising demand for luxury accommodation, business travel and destination experiences.
Chandrasekaran said IHCL’s current capital expenditure plan envisages investments ranging from ₹6,000 crore to ₹7,500 crore over the next five years, supporting the company’s continued network expansion and asset development strategy.
The investment programme aligns with IHCL’s broader growth ambitions as India’s largest hospitality company, with the group continuing to add new hotels across luxury, upscale and lean-luxe segments while strengthening its presence in key business, leisure and emerging destinations.
The planned Taj Bandstand is expected to become a landmark addition to Mumbai’s luxury hotel landscape, reflecting continued confidence in the long-term growth potential of India’s hospitality sector.