Praveg Limited announced the opening of Praveg Beach Resort at Nagoa Beach, Diu. This marks a pivotal achievement in vision to deliver unmatched luxury and hospitality experiences. Announced in October last year, this project was rapidly brought to life, commencing operations within just six months - an impressive testament to efficiency and dedication.

Praveg Beach Resort, the latest icon of luxury and serenity in Diu, represents the third jewel in crown of premier properties. Situated along the serene Nagoa Beach, the resort invites guests to immerse themselves in the coastal beauty of Diu. It features 31 beautifully crafted Premium Tents and 4 exquisite dual-bedroom suites, each offering stunning sunset views.

Just steps away from the soothing ocean waves, the resort boasts a host of premium amenities including a sparkling swimming pool, expansive event lawns, advanced conference facilities, and exclusive wellness areas. With the launch of this splendid property, company anticipate an average occupancy rate of 40-50% over the next year, with an expected Average Room Rate (ARR) of INR 7,000 to 9,000. Fiscal Year 2024 has been a year marked by robust expansion, and as step into Fiscal Year 2025.

The introduction of this resort significantly expands Praveg Limited's presence in the eco- luxury hospitality market, growing operational portfolio to 12 properties, with 14 more ambitious projects in development. This expansion not only enhances brand but also sets new benchmarks in luxury hospitality, promising an exciting future for company and its stakeholders.