CG Invests Rs 1.25b Outside Capital

CG Invests Rs 1.25b Outside Capital

Dec. 28, 2013, 5:45 p.m. Published in Magazine Issue: Vol: 07 No. -13 Dec. 27- 2013 (Poush 12, 2070)

Binod Chaudhary, the president of Chaudhary group, has said that Rs 900 million will be invested in the CG Landmark project and Rs 270 million more in the safari hotel at Meghauli. The safari hotel, named Zinc Journey Chitwan, will have 30 rooms. The hotel is expected to come into operation from August 2015. The accommodation at the hotel is likely to cost around US$500 a day. “We have been continuously investing even during adverse situations,” said Chaudhary, adding that the group has been adding new industries at a regular interval.

Stating that the group did not stop investing even during the conflict era, Chaudhary added, “If there is dedication to the cause, one does not have to stop investing even during adverse situations.”

CG Landmark is being constructed in an area of around six hectares. The nine-storied shopping mall-cum-hotel will have retail stores on the first, second and third floors.

Chaudhary Group (CG) has ventured into luxurious hotels and shopping malls outside Kathmandu. CG has started constructing a shopping mall with multiplex and a hotel with an investment of Rs 1.25 billion.  Similarly, the group is also constructing a seven-star safari hotel at Meghauli in Chitwan, which is very close to the Chitwan National Park. According to one of the leading business houses of the country, CG Landmark, which is a shopping mall-cum-hotel at Narayanghad, will have a multiplex, shopping mall and a hotel under the same roof.

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