Praveen Kumar Nedungadi, Chief Operating Officer of Incredible India Projects (IIP), has launched the company’s Rs 25 crore property, Hotel Incredible at Park Lane in Secunderabad.
This is the third hospitality initiative of IIP. Speaking on the occasion, Nedungadi said, “We have a land bank of over 2,000 acres in Telangana. The group is diversifying to expand its business operations beyond real estate and hospitality.”
Nedungadi added: “We are setting up a production plant for cakes and biscuits at Vijayawada highway. By next month, we will start producing 80 tonnes of Veg cakes. Initially, we will be doing job work for Parle and will come out with our own branded products in due course.”
IIP is venturing healthcare sector through a 160-bedded super-specialty hospital at Guwahati with Rs 100 crore investment. It will be operational by April 2021.
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