ravi alam finance project

Upload: hemant-chopra

Post on 09-Apr-2018

226 views

Category:

Documents


0 download

TRANSCRIPT

  • 8/7/2019 Ravi Alam Finance Project

    1/116

    TOURISM

    Introduction to Tourism & Hotel Industry

    Tourism is the basic and most desirable human activity deserving the praise and

    encouragement of all people and governments transportation them there, housing

    feeding and entertaining them upon arrival and returning them to their homes.

    A quarter of century ago, pleasure travel was limited for wealthy and

    privileged. In India, locations with hat springs or mineral water strongly

    recommended for therapeutic value by the early medical profession. Since it is

    mainly the rich and the powerful that could seek such advice and follow it.

    During the period about the year 1000AD no one traveled for pleasure. Man

    traveled to fight in wars or on pilgrimage such holy places as Canterbury or

    St.James of composted. Travel facilities were bare minimum from the end of 16 th

    century, some growth in private travel took place initially for educational purpose

    lived in other places, The scale and mobility introduced by the rail road transformed

    tourism from a small business. Catering to the elite into the start of a mass market,

    where consumers found a growing and complex number of option.

    Thomas cook was the first professional and travel agent in the world, in

    1841; he hired a special train to carry 570 passengers on a trip from Leicester to

    London and back. This was the first publicly excursion tourism the world. Along

    with the railways Trans Atlantic travel become possible in sailing ships running you

    schedule around 1820. In 1840, Sir Samuel Canard ran the first regular steaming

    service, which later became the canard line for many years. To satisfy the speed in

    travel desire of the 20th century, another new contraption called motorcar appeared

    on the scene.

    The greatest changes after the Second World War was increased mobility.

  • 8/7/2019 Ravi Alam Finance Project

    2/116

    The development of the jet engines made it possible to fly large number of people,

    great distance at high speed. The improvements in air transport not only encouraged

    greater Trans continental travel also mere instrumental in explosion of

    intercontinental travel in 1960s and 1970's.

    Beginning of the twentieth century started a large movement of travelers to various

    sports, around the world, which gave a big boost to tourism. Since the early 1950s

    international tourism has again started growing rapidly particularly after the

    liberalization of foreign exchange and travel restrictions introduced in the years

    following world war II. Since the beginning of the 1960s world tourism, as

    measured by the international tourist arrivals, has grown at rate of over 6% per year.

    In the 60s the annual rate of growth for tourism was even better and averaged 9%.

    Between 1970 and 1980 it became down to 5.6% because of announcement of Arab

    countries in 1973 to increase prices of oil. A marginal decline was registered in

    1982. The total world tourist arrives reached all time high at 415 million in 1990.

    The rate of expansion was not uniform but the percentage of tourist expenditure was

    always higher than the percentage of increase.

    Hotel Industry and Tourism

    Hotels have been important element in the economy of many countries. The

    enormous increase in the tourism of the 20 th century has caused the hotel business to

    out grow national bound wire and become global in character. Hotels are directly

    linked to and are integrals part of many other economic activities. In

    Particular the relationship between tourism and hotels in very crucial in a proper

    understanding of the role of hotels in the process of economic development of a

    country. Hotel said No hotels no Tourism in two ways. Between hotel and tourism

  • 8/7/2019 Ravi Alam Finance Project

    3/116

    can be expressed.

    01.Hotel industry provides the basic ingredients of the total supply of tourism

    sector.

    02.Bulk of business demand of hotel industry comes from tourism.

    Thus hotel industry pays a very pivotal role in tourism and has a

    tremendous potentiality for earning foreign exchanges, yielding tax revenues,

    providing employment and promoting ancillary industries, linked with it.

    HOTEL INDUSTRY IN INDIA

    Unlike the west, the Indian hotel industry evolved itself as snail pave. The real

    beginning was made in 1900s. As per the Indian hotel Industry, is

    concerned there are basically four group of hotel, namely:

    The Ashoka Group - Indian Tourism Development Corporation

    The Welcome Group - Indian Tobacco Company

    The Taj Group Of Hotels - Tata Groups Limited

    Oberoi Group Of Hotels - East India Company Limited

    ITDC was establish in 1966. As autonomies public sector Corporation, ITDC

    was entrusted with the task of helping development and infrastructure with in Indias

    tourist destination. Over 6000 rooms are scattered throughout India and it runs tax-

  • 8/7/2019 Ravi Alam Finance Project

    4/116

    free shop in New Delhi, duty free shops at major internationals Indian Airports like

    Delhi, Bombay, Chennai, Calcutta, etc.

    ITC and Welcome groups has 22 hotels resort center in business center

    interest across India and it offers visitors the widest spread of any private sector hotel

    chain in the country. Welcome group has marketing and reservation agreement with

    Sheratons for its three hotels in New Delhi. Agra and Chennai, which have added

    Sheratons name to their own.

    Tourism In India

    Indias glorious tradition and rich cultural heritage are linked with the

    development of tourism. Its magnificent monument attracts large number of visitors

    from all over the world. Besides, its culture heritage, India also occupies a unique

    geographical position. India has exceptionally varied climate ranging from extreme

    cold in high attitudes to the hot summer in the plains. The wealth of culture tradition

    extending over thousands of years, the natural surroundings, the architectural master

    pieces, the music, dance, paintings, customs and languages all these go to make

    India a tourist paradise. Few countries in the world provide such varied interest to

    visitor. History has been equally generous in bequeathing treasure of moments.

    The world famous Ajanta and Ellora.

    In the words of Mark Twain India is the one country under the sun

    that is endowed with an imperishable interest for alien price and alien peasant, for

    lettered and ignorant, wise and fool, rich and poor, bonded and free and a land that

    all man desire to have seen and having seen once by even a glimpse would not give

  • 8/7/2019 Ravi Alam Finance Project

    5/116

    that glimpse for the shows of all the globe combined.

    With the opening of the various land and sea routes, the early

    travelers came to India from distant lands in search of knowledge, adventure, trade

    and commerce. Travelers have been visiting India mostly in search of fortune.

    India is the second most populated and sixth largest country in the

    world lying in the Northern Hemisphere. It is spread over an area of 38,87,000 sq.

    km and stretches from 8.5 to 37.6 northern latitudes and 68.72 to 97.22 longitude

    and its spanning over 5,000 years of history has much offer to the tourism world.

    Tourism needs variety and India with its vast dimension and

    diversity offers to every class of visitors something not found elsewhere, from snake

    charmer to the eternal snow capped of Himalayas and from folk dances to big game

    hills. Tourism is travel, relaxation, a holiday and exposure of other culture India has

    Fantastically rich and varied tourist paradise which have least of almost everything

    but manage to get more tourist than India.

    Growth of Tourism In India:

    International tourism to India has a phenomenal growth since

    independence and better than India increased from 18,829 in 1950 to 13,29,950 in

    1990. The growth has not uniform. The Indo-Pak war in 1971 brought the traffic to

    a start still it improved again after the war till flare up in Iran followed by

    international recession, which reduced tourism growth to mere 2.2% in 1979.During

    the 80s the growth coverage was 3 to 5%. In 1986, the foreign tourist arrival was

    1.33 million and it reached to 1.4 million by 1989. The number of tourists who

    Visited India in 1992 were 1.67 millions excluding the nations of Pakistan and

    Bangladesh registering a decline of about 5% over 1989.

  • 8/7/2019 Ravi Alam Finance Project

    6/116

    India received 3% of the world tourists in 1992. 80% of number on to

    receive the largest tourist in the world. Millions of tourists do not visit India because

    of non-availability of facilities, which they enjoy in Europe and other developed

    countries.

    Foreign Tourist Arrivals in India

    Month 2005 2006 2007 %

    (2005/06)

    %

    (2006/07)

    January 386260 444753 15.5

    February 389081 428325 10.9

    March 367068 407446 11.0

    April 260825 325449 24.7

    May 229172 262860 14.7

    June 258822 286257 10.6

    July 292345 331227 13.3

    August 292345 331227 13.3

    September 257184 281102 9.3

    October 347757 394009 13.3

    November 423837 472155 11.4

    December 479411 547488 14.2

    Total 3918610 4429915 13.0

    Foreign Exchange Earning During 2005/06/07 Years Respectively

    Year In Crores

    (Rs.)

    %

    Change

    In US

    ($)

    %

    Change

    2005 9982.68 2285.53

    2006 11593.7

    2

    16.1 2616.24 14.5

    2007 13302.1

    1

    14.7 3071.34 17.4

  • 8/7/2019 Ravi Alam Finance Project

    7/116

    Estimated Arrivals of Tourists

    Year No. In Millions Foreign Exchange

    2001 6520100 1330.37

    2002 7025000 1662.96

    2003 8179250 2078.70

    2004 9333500 2494.44

    2005 10487756 2910.18

    2006 11067200 3210.41

    2007 11646650 3680.11

    2008 12326100 4099.99

    Chapter 2

    Objective, Scope, Methodology and Limitations

    Objective

    To analyze the existing hotels in Mumbai and to assess the

    market feasibility of the hotel.

    To estimate the demand for a new five star hotel.

    To decide the location and technical aspects of a new hotel.

    To estimate the manpower requirement of the proposed hotel.

  • 8/7/2019 Ravi Alam Finance Project

    8/116

    Scope

    The survey was conducted to study about the existing Five start hotels in

    Mumbai city also to study about the facilities the clientele would require as such the

    facilities like banquet, conference halls, business centre and so on. To know which

    types of clientele the hotel is concentrating on for example business class, travellers,

    tourists etc. This survey covers good and important Five star hotels in Mumbai city

    and their features, for example:

    The type of clientele

    The type of facilities

    The tariff structure

    The occupancy

    And also Unique Selling Proposition (USP) of individual hotels

    METHODOLOGY ADOPTED FOR STUDY

    The methodology adopted is shown diagrammatically below:

    Collection and review of

    existing data regarding Field Survey

    Tourism and hotel industry Operations

    Macro level analysis Evaluation of existing

    of data market conditions

    Forecast of future development

  • 8/7/2019 Ravi Alam Finance Project

    9/116

    Tourism infrastructure

    Demand Analysis

    Feasibility Design

    Location Hotel Design Pricing Strategy Promotional Strategy

    Details and relevant data pertaining to the study were obtained through two

    kinds of sources Primary and Secondary.

    PRIMARY DATA

    This data is obtained directly with the help of questionnaires discussed with

    the concerned people during the field work. This is collected first hand during the job

    training, personal interviews and interaction with the stuff. A structured questionnaire

    designed for the purpose securing first hand information for existing hotels is

    furnished in the annexure.

    SECONDARY DATA

  • 8/7/2019 Ravi Alam Finance Project

    10/116

    Necessary data was obtained from various published sources like books,

    journals, newspapers, brochures, leaflets and magazines collected during the survey.

    Also data published by the Chamber of Commerce was quite useful.

    LIMITATIONS

    The following are the limitations of the study conducted:

    The financial aspect was not included under the scope of the study.

    Due to time constraints, a few hotels were selected on a sample basis to secure

    the information of the existing hotels.

    About 50% of hoteliers were found to be reluctant to provide sufficient

    information, especially those related to sales and profit.

    The government officials non co operative in extending reliable and accurate

    data.

    The findings of this study have relevance to the time frame when the study

    was conducted.

  • 8/7/2019 Ravi Alam Finance Project

    11/116

    Methodology

    1. The study is based upon primary and secondary data

    a. Primary data

    Obtained by surveying the hotels in Mumbai city

    b. Secondary data

    i. Obtained by referring books and information obtained from the

    faculty guide

    c. To analyze the existing market situation within the help of a few

    derived formulas

  • 8/7/2019 Ravi Alam Finance Project

    12/116

    CHAPTAR - 3

    PROFILE OF PLACE

    MAHARASHTRA

    The name Maharashtra means the 'The Great State' or 'Great

    Nation'. The name is said to have been originated probably from rathi, which

    means 'Chariot driver', referring to drivers and builders of chariots who were known

    as 'maharathis' or 'Fighting Force'. Maharashtra gets its name aptly, because it is the

    largest states in India, both in terms of area as well as population. Maharashtra

    spans 308000 km with a population over 78,937,000 and the state language being

    Marathi.

    Geographic profile

    Located in the north centre of Peninsular India, with a command of the

    Arabian Sea through its port of Mumbai, Maharashtra has a remarkable physical

    homogeneity, enforced by its underlying geology. The Sahyadri Range is the

    physical backbone of Maharashtra. Rising on an average to an elevation of 1000m.

    It falls in steep cliffs, to the Konkan on the west. Eastwards, the hill country falls in

    steps through a transitional area known as Mawal to the plateau level. The Konkan,

    lying between the Arabian Sea and the Sahyadri Range is narrow coastal lowland,

    barely 50 km. wide. Though mostly below 200 m., it is far from being a plain

    country. Highly dissected and broken, the Konkan alternates between narrow, steep-

    sided valleys and low laterite plateaux. The Satpudas, hills along the northern

    border, and the Bhamragad-Chiroli-Gaikhuri Ranges on the eastern border form

  • 8/7/2019 Ravi Alam Finance Project

    13/116

    physical barriers preventing easy movement, but also serve as natural limits to the

    state.

    Except around Mumbai, and along the eastern limits, the State of Maharashtra

    presents a monotonously uniform, flat-topped skyline. The state area, barring the

    extreme eastern Vidarbha region, parts of Kolhapur and Sindhudurg, is practically

    co-terminus with the Deccan Traps. The State of Maharashtra has rivers such as the

    Krishna, Bhima, Godavari, Tapi-Purna and Wardha-Wainganga River. The state

    enjoys a tropical monsoon climate; the hot scorching summer from March onwards

    yields to the rainy monsoon in early June. The rich green cover of the monsoon

    season persists during the mild winter that follows through an unpleasant October

    transition, but turns into a dusty, barren brown as the summer sets in again. The

    seasonal rains from the western sea-clouds are very heavy and the rainfall is over

    400 cm., on the Sahyadrian crests. The Konkan on the windward side is also

    endowed with heavy rainfall, declining northwards. East of the Sahyadri, the rainfall

    diminishes to a meagre 70 cm. in the western plateau districts, with Solapur-

    Ahmednagar lying in the heart of the dry zone. The rains increase slightly, later in

    the season, eastwards in the Marathwada and Vidarbha regions.

    Forests comprising only 17% of the state area covers the eastern region and the

    Sahyadri Range, while open scrub jungle dots the plateaux. The soils of

    Maharashtra are residual, derived from the underlying basalts. In the semi-dry

    plateau, the regur (black-cotton soil) is clayey, rich in iron, but poor in nitrogen and

    organic matter; it is moisture-retentive. Where redeposit along the river valleys,

    those kali soils are deeper and heavier, better suited for Rabi crops. Farther away,

  • 8/7/2019 Ravi Alam Finance Project

    14/116

    with a better mixture of lime, the morand soils form the ideal Kharif zone. The

    higher plateau areas have pather soils, which contain more gravel. In the rainy

    Konkan, and the Sahyadri Range, the same basalts give rise to the brick-red laterites

    productive under a forest-cover, but readily stripped into a sterile varkas when the

    vegetation is removed. By and large, soils of Maharashtra are shallow and

    somewhat poor

    Water is the most precious natural resource of the state, greatly in

    the demand, and most unevenly distributed. A large number of villages lack

    drinking water, especially during the summer months, even in the wet Konkan.

    Barely 11% of the net sown area is irrigated. Perched water tables in the basalt

    aquifers have contributed to increased well irrigation, which accounts for

    approximately 55% of the irrigable water. The granitic-gneissic terrain in the

    eastern hilly area of Vidarbha accounts for all tank irrigation. Tube-wells in the

    Tapi-Purna alluvium and shallow wells in the coastal sands are the other main

    sources of water.

    History

    Shahaji's son, Shivaji, born at the Shivneri fort on February 19, 1630, was the

    creator of the Maratha nation. He united the Maratha chiefs from Maval, Konkan

    and Desh regions and carved out a small kingdom by defeating the alien powers. He

    stabilised the state with effective civil and military administration and adopted a

    policy of religious tolerance to accommodate all religions and sects in his state. He

    was the first Maratha Chhatrapati (ruler) to start the Raj Shaka (royal era) and issue

  • 8/7/2019 Ravi Alam Finance Project

    15/116

    the gold coin, shivarai hon - on the occasion of his coronation (1674). His premature

    death at the age of 50 (April 5, 1680) created a vacuum.

    Shivaji's son, Sambhaji (1657-1689), during his short reign of nine years, in addition

    to domestic feuds, was confronted with the Siddis, the Portuguese and the Mughals.

    His cold-blooded murder (1689) by the Mughals inspired a wave of patriotism in the

    Maratha region, and the Marathas, under the leadership of his brother, Rajaram

    (1670-1700), waged a War of Independence against the imperial army of

    Aurangazeb who, until his death (1707), struggled in vain to eradicate Maratha

    power.

    Historians regard Bajirao I the founder of Greater Maharashtra, because it was

    under his reign that Maharashtra became the centre of Indian politics. During his

    short career, he established Marathi supremacy in the Deccan and political

    hegemony in the North. His son, Balaji (1740-1761) succeeded him and expanded

    the Maratha borders to Attack (Punjab). The Peshwas thus became the de facto

    rulers of Maharashtra, and Pune became the centre of Maratha politics. The tragic

    disaster of the Marathas at Panipat (1761) at the hands of the Afghan ruler, Abdali,

    temporarily weakened their power but did not destroy it. Madhavrao I (1761-1772),

    a noble Peshwa, restored Maratha prestige by defeating the enemies and introducing

    efficient administration. His premature death was a great destabiliser of Maratha

    power. Grant Duff says, "The plains of Panipat were not more fatal to the Maratha

    Empire than the early end of this excellent prince."

    The domestic feuds that ensued led to the murder of the next Peshwa leader,

    Narayanrao (1773), whose posthumous child, Madhavrao II (1773-1795), managed

    the affairs of state with the help of the Barbhai council, of which Nana Phadnis and

  • 8/7/2019 Ravi Alam Finance Project

    16/116

    Mahadji Shinde were prominent members. Power thus shifted from the Peshwas to

    the Karbharis (managers). The English gradually began to intrude into Maratha

    territory. They were humbled in 1781, but the last Peshwa, Bajirao II (1795-1818)

    succumbed, and surrendered power in 1818. Mountstuart Elphinstone, the liquidator

    of Maratha power, then created a Maratha state at Satara by installing Pratap Singh

    (1793-1847), a descendant of Shahu, on the throne as Raja to win the sympathies of

    the Marathas. He was deposed in 1839, and his brother Shahaji became Raja. The

    state lapsed to the English in 1849. Thus the hegemony of the Marathas-who had

    dominated the political scene of Indian history for over two centuries-came to an

    end.

    Land of Maharashtra

    Maharashtra means the land of Marathi speaking people. The

    word Maharashtra has been derived from Maharashtri, an old form of Prakrit. It is

    located in the north center of Peninsular India. Maharashtra is surrounded by the

    Arabian Sea in the west and by Gujarat and Madhya Pradesh on the north. Madhya

    Pradesh also encircles it in the east and by Karnataka and Andhra Pradesh on the

    south.

    Maharashtra's physical features are quite homogeneous. But a plateau dominates the

    landscape of this state. The western side of this plateau rises up to form the Sahyadri

    Range and it declines gently towards the east and southeast. The major rivers and

    their master tributaries, into alternating broad-river valleys, have carved the plateau.

    They have also formed the Ahmednagar, Buldana, and Yavatmal plateaux.

  • 8/7/2019 Ravi Alam Finance Project

    17/116

    Geographical Features

    The Sahyadri Range is the highlight of the landscape of Maharashtra. This range is

    the physical backbone of the state. The average height of the range is around

    1000m. Near the Konkan, the range falls to a steep cliff, on the west. There is a

    transitional area towards the east, where the hill country falls in steps. This area is

    known as Mawal to the plateau level.

    The region between the Arabian Sea and the Sahyadri Range is called the Konkan. It

    is narrow coastal lowland, hardly 50 km. wide. The average height of Konkan is

    mostly below 200 m. The landscape here is very uneven. Konkan alternates between

    narrow, steep-sided valleys and low laterite plateaux.

    The Satpuda hills are covered with dense forests. These hill forests are the major

    feature of Maharashtra. It is situated along the northern border of the state. The

    Satpuda hills and the Bhamragad-Chiroli-Gaikhuri Ranges on the eastern border of

    the state form physical barriers preventing easy movement and also form the natural

    border of the state.

    Geology and Topography

    The landscape of the state is quite uniform and monotonous, except the areas

    around Mumbai and along the eastern limits of Maharashtra. The geological

    structure of the state has given way to its topography. The Deccan trap meets the

    state area, except for the extreme eastern Vidarbha region and parts of Kolhapur and

    Sindhudurg. Around 60 to 90 yeas ago, the basic lava coming out of the fissures

    formed the basalt area. These are now found in the form of massive, well-jointed

    steel gray cliff due to the variation in their composition and structure. The cliffs are

  • 8/7/2019 Ravi Alam Finance Project

    18/116

    found facing the alternate structural beaches of vesicular amygdaloid lava and ash

    layers. All these features contribute to the pyramid-shaped hills and crest-level

    plateau or mesas.

    The rivers of state, Krishna, Bhima, Godavari, Tapi-Purna and Wardha-Wainganga

    have divided it into broad, open river valleys and alternating plateaux, that helps in

    the formation of the Sahyadri hills. The waterfalls of the Konkan are hardly a 100

    km. long, rushing down as roaring streams. These streams flow in deeply

    established valleys that end up as tidal estuaries.

    Climate

    Maharashtra experiences tropical monsoon climate. The state faces extremely hot

    summers from March onwards till the starting of the rainy season in early June. The

    lush greenery is the result of monsoon season, which persists during the following

    mild winters. The state enjoys mild winters and but the season changing month of

    October is very unpleasant.

    The Sahyadri hills receive a heavy rainfall of 400 cm due to the seasonal rains from

    the western sea-clouds. The Konkan region is also receives torrential rainfall. At the

    eastern side of the Sahyadri, the rainfall diminishes with the area receiving just 70

    cm. of rainfall. The Solapur-Ahmednagar lies in the heart of the dry zone. But later

    in the season, the rainfall increases towards the eastwards in the Marathwada and

    Vidarbha regions. The unpredictable monsoon, some times results in short spells of

    rainy weather, long dry breaks, floods and droughts making life a little difficult

    here.

  • 8/7/2019 Ravi Alam Finance Project

    19/116

    Flora And Fauna

    The flora and fauna of Maharashtra is quite diverse. The varied climate and

    topography has resulted in rich vegetation and a good animal population. The land

    of Maharashtra has arid desert, tropical rain forest and mountain range with a height

    of 4000 feet. 17 % of Maharashtra's land is covered with thick virgin forests. The

    forests found here is mainly evergreen deciduous type. Majority of the forests are in

    the eastern and Sahyadri regions of the state. Maharashtra has five national parks,

    three game reserves, and 24 wildlife/bird sanctuaries. Here many different kinds of

    animals are found like tigers, panthers, bison, deer and antelopes, wild boars, bears

    and blue bull.

    Tourism place of Maharashtra

    Ajanta & Ellora Caves

    One of the most outstanding specimens of ancient Indian heritage is the

    Ajanta & Ellora group of caves. Maharashtra state treasures this mesmerizing caves,

    which were accidentally discovered in the 19th century by the British. Ellora houses

    34 cave while Ajanta houses 29 caves. Each cave depicting a tale from the Jatakas

    or depicting stories of Buddhism, Jainism and Hinduism.

    Elephanta Caves

    The Elephanta Island is known for its great cave shrine, excavated in the 6th

    century. The island lies 10 km northeast to Apollo Bunder or Gateway of India. The

    island, which was known as Gharapuri earlier, is the glorious abode of Lord Shiva.

    This is land was renamed, Elephanta by the Portuguese who landed here, after the

  • 8/7/2019 Ravi Alam Finance Project

    20/116

    majestic carved elephant on this island

    Murud Janjira

    Sea Forts like the Siddi fort of Murud Janjira and Jaigad near

    Ganpatipule, the famous pilgrimage place belongs to the Maratha period. Many

    other prominent forts of the Maratha period still exist- Panhala, Purandhar where

    Baji Prabhu laid down his life holding back the forces of Siddi Johar at a narrow

    pass, since christened Pavankhind, and Lohagad

    Lonavala and Khandala

    On the way to Pune from Mumbai come the two pleasant hill

    stations of Maharashtra, Lonavala and Khandala. Set at a height of 625 m they are

    located on the western slopes of the Sahyadri mountain range. The two hill stations

    are 5 kms apart. Fascinating panoramic beauty adorns these places. Khandala being

    the smaller of the two is relatively calmer. The lush greenery of the mountains

    especially during the monsoons and the misty paths attract tourist like honeybees

    here. The silver waterfalls amidst the lush greenery are extremely magical.

    Lonavala's bazaar is filled with surprises. The beauty of this place is a refreshing

    experience

    Bassein Fort

    Located just 55 kms. (A 90 min. journey) away from Bombay, is Bassein,

    one of the most important sea forts of Maharashtra? The last bastion of the first sea-

    faring foreign power in India, the Portuguese. Built by Bahadur Shah -Sultan of

    Gujarat from 1526-1537, it was initially one of a chain of forts intended to guard the

  • 8/7/2019 Ravi Alam Finance Project

    21/116

    coasts against the Portuguese and pirates. The Portuguese however captured it and

    remodelled the fort, building a citadel inside

    Raigad

    Raigad also known, as Durgadeshwar is the lord of all the 360 odd forts in the state

    of Maharashtra. Now you may wonder why is Raigad the king of all forts - but there

    is a very good reason behind Raigad being crowned thus. It is because Chhatrapati

    Shivaji Maharaj, who roused the patriotic fervour by his guru mantra, Hindavi

    Swaraj, which later became his war cry, chose this fort as his capital. The fort was

    originally named Raigiri. It was renamed Raigad by Shivaji who was coronated on

    June 6, 1674

    Matheran

    This place was discovered in 1850 and due to its greenery & shade it was

    immediately taken as the nearest hill station from Mumbai. Matheran is sightly

    above the plains so it is cool and provides respite from the heat of Mumbai. The

    place provides very nice views of the near by places, particularly on a clear day one

    can even see Mumbai from the Hart point. Though the local population of Matheran

    is very less but the visitors pour at this place frequently. Matheran has maintained

    the tranquility and peace by banning any kind of motor vehicle. The best season to

    visit this place is between Novembers to June but the place is worth visiting any

    time of the year. During the monsoon the trails become very dirty and the place

    virtually shuts down season to visit this place is between Novembers to June but the

    place is worth visiting any time of the year. During the monsoon the trails become

    very dirty and the place virtually shuts down.

  • 8/7/2019 Ravi Alam Finance Project

    22/116

    Panchagani

    Situated at an altitude of 1334 mts it lies just 38 m below Mahabaleshwar.

    It gets name from the 5 hills around it. The way to Panchgani from Mahabaleshwar,

    which is 18 kms, is absolutely spectacular. The Krishna River that meanders

    through the farms, ravines and hamlets on one side and the coastal plains on the

    other side has a mesmeric charm. Panchgani has been a retreat for a long time. It

    displays architecture of Old British building. Parsi houses and the boarding school

    which would be almost a century old.

    Sinhagad Fort

    Sinhagad is one of the important Maratha forts having a colourful history

    linked with it. A history that echoes with the bravery of the Maratha conquest of

    Kondana fort by Tanaji Malasure. Today. 24 kms. South-west of Pune, battle-

    scarred, it rises intimidating, amidst the Bhuleshwar range

    PROFILE OF MUMBAI

  • 8/7/2019 Ravi Alam Finance Project

    23/116

    Ancient History of Mumbai

    Ancient yet modern, fabulously rich yet achingly poor.

    The city of Bombay originally consisted of seven islands, namely Colaba,

    Mazagaon, Old Woman's Island, Wadala, Mahim, Parel, and Matunga-Sion. This

    group of islands, which have since been joined together by a series of reclamations,

    formed part of the kingdom of Ashoka, the famous Emperor of India.

    After his death, these islands passed into the hands of various Hindu rulers until

    1343. In that year, the Mohammedans of Gujerat took possession and the Kings of

    that province of India ruled for the next two centuries. The only vestige (mark) of

    their dominion over these islands that remains today is the mosque at Mahim.

    In 1534 the Portuguese, who already possessed many important trading centers on

    the western coast, such as Panjim, Daman, and Diu, took Bombay by force of arms

    from the Mohammedans. This led to the establishment of numerous churches, which

    were constructed in areas where the majority of people were Roman Catholics.

    There used to be two areas in Bombay called "Portuguese Church". However, only

    one church with Portuguese-style facade still remains; it is the St. Andrew's church

    at Bandra. The Portuguese also fortified their possession by building forts at Sion,

    Mahim, Bandra, and Bassien, which, although in disrepair, can still be seen. They

    named their new possession as "Bom Baia" which in Portuguese means "Good

    Bay".

    A hundred and twenty-eight years later the islands were given to the English King

    Charles II in dowry on his marriage to Portuguese Princess Catherine of Braganza in

  • 8/7/2019 Ravi Alam Finance Project

    24/116

    1662. In the year 1668 the islands were acquired by the English East India Company

    on lease from the crown for an annual sum of 10 pounds in gold; so little did the

    British value these islands at that time. The Company, which was operating from

    Surat, was in search for another deeper water port so that larger vessels could dock,

    and found the islands of Bombay suitable for development. The shifting of the East

    India Company's headquarters to Bombay in 1687 led to the eclipse of Surat as a

    principal trading center. The British corrupted the Portuguese name "Bom Baia" to

    "Bombay". The Kolis used to call the islands "Mumba" after Mumbadevi, the Hindu

    deity to whom a temple is dedicated at Babulnath near Chowpatty's sandy beaches.

    The first Parsi to arrive in Bombay was Dorabji Nanabhoy Patel in 1640. The Parsis,

    originally from Iran, migrated to India about 900 years ago. This they did to save

    their religion, Zoroastrianism, from invading Arabs who proselytized Islam.

    However, in 1689-90, when a severe plague had struck down most of the

    Europeans, the Siddi Chief of Janjira made several attempts to re-possess the islands

    by force, but the son of the former, a trader named Rustomji Dorabji Patel (1667-

    1763), successfully warded off the attacks on behalf of the British with the help of

    the 'Kolis', the original fisher-folk inhabitants of these islands. The remnants of the

    Koli settlements can still be seen at Backbay reclamation, Mahim, Bandra, Khar,

    Bassien and Madh Island.

    Sir George Oxenden became the first British Governor of the islands, and was

    succeeded later by Mr. Gerald Aungier who made Bombay more populous by

    attracting Gujerati traders, Parsi ship-builders, and Muslim and Hindu

    manufacturers from the mainland. He fortified defenses by constructing the Bombay

    Castle (the Fort, since then vanished except for a small portion of the wall) and

  • 8/7/2019 Ravi Alam Finance Project

    25/116

    provided stability by constituting courts of law.

    Between 1822 and 1838, cattle from the congested fort area used to graze freely at

    the Camp Maidan (now called Azad Maidan), an open ground opposite the Victoria

    Terminus. In 1838, the British rulers introduced a 'grazing fee, which several cattle-

    owners could not afford. Therefore, Sir Jamshedji Jeejeebhoy spent Rs. 20,000 from

    his own purse for purchasing some grassland near the seafront at Thakurdwar and

    saw that the starving cattle grazed without a fee in that area. In time the area became

    to be known as "Charni" meaning grazing. When a railway station on the BB&CI

    railway was constructed there it was called Charni Road.

    Seth Modi Hirji Vachha built the Zoroastrian Towers of Silence on Malabar hill in

    1672. The Zoroastrians believe in venerating the earth, fire, and water and hence

    they prefer to expose their dead to the elements and flesh-eating birds within the

    confines of the Towers of Silence. Seth Vachha also built the first fire-temple in the

    same year opposite his residence at Modikhana within the British fort. Both of the

    structures can still be seen today although they have been expanded and

    strengthened.

    The inroads of the sea at Worli, Mahim, and Mahalaxmi turned the ground between

    the islands into swamps making Bombay an extremely unhealthy place at that time.

    Many commuters going to the Fort by boat between islands lost their lives when

    there was a storm during the monsoons (July to September). During the next 40

    years much was done to improve matters. Reclamation work to stop the breeches at

    Mahalaxmi and Worli were undertaken. The Hornby Vellard was completed in

    1784, during the Governorship of Mr. Hornby. In 1803 Bombay was connected with

    Salsette by a causeway at Sion. The island of Colaba was joined to Bombay in 1838

  • 8/7/2019 Ravi Alam Finance Project

    26/116

    by a causeway now called Colaba Causeway and the Causeway connecting Mahim

    and Bandra was completed in 1845 at the total cost of Rs.1, 57,000 donated entirely

    by Lady Avabai Jamsetjee Jeejeebhoy, wife of the first baronet Sir Jamsetjee

    Jeejeebhoy with a stipulation that no toll would be charged to citizens for its use by

    the government. Initially the cost was estimated at Rs.100, 000 but as the work

    commenced in 1842 the cost escalated. When the initial sum was exhausted and

    work about to stop Lady Jeejeebhoy once again dipped in to her personal purse with

    a second donation to the treasury of Rs.57, 000.

    Sir Robert Grant (1779-1838) governed Bombay from 1835 to 1838 and was

    responsible for the construction of a number of roads between Bombay and the

    hinterland. The Thana and Colaba Causeways were built during his tenure as well as

    the Grant Medical College attached to the Sir Jamshedji Jeejeebhoy (J.J.) Group of

    hospitals.

    On Saturday 16th of April, 1853 a 21-mile long railway line, the first in India,

    between Bombay's Victoria Terminus and Thana was opened. The Great Indian

    Peninsular (GIP) and the Bombay Baroda and Central India (BB&CI) Railway were

    started in 1860 and a regular service of steamers on the west coast was commenced

    in 1869. Also during this period Bombay enjoyed great economic wealth. Raw

    cotton from Gujerat was shipped to Lancashire in England through Bombay port,

    and after being spun and woven into cloth, returned to be sold in the Indian market.

    The outbreak of the American Civil War in 1861 increased the demand for cotton in

    the West and several personal fortunes were made during this period from the

    resulting trade. The opening of the Suez Canal in 1869 brought the West closer to

  • 8/7/2019 Ravi Alam Finance Project

    27/116

    Bombay, and as the city became more prosperous; many schemes were launched for

    reclaiming additional land and building more roads and wharves. Bombay began to

    attract fortune hunters by the hundreds and the population had swelled from 13,726

    in 1780 to 644,405 in 1872, in a little less than a hundred years. By 1906 the

    population of Bombay was to become 977,822.

    In 1858, following the First War of Independence (the British called it the "Sepoy

    Mutiny") of 1857 in which the Rani of Jhansi and her infant son strapped on her

    back were killed, the East India Company was accused of mismanagement and the

    islands reverted to the British Crown. In 1862 Sir Baartle Frere was appointed

    Governor, an office that he held until 1867. By 1862 the town had spread over the

    lands reclaimed through constructions of causeways and it is from this date we have

    the rise of the modern city of Bombay. In 1864 a fountain was to be erected in his

    honour at the Victoria Gardens by the Agri-Horticultural Society of Western India.

    Somehow, the plans were changed at the last moment and the fountain, named after

    the Greek goddess Flora, was placed in the centre of the city on what used be known

    as Hornby Road. Unfortunately, no plaque was placed on the fountain to

    commemorate the name of Governor in whose memory it was supposed to have

    been erected.

    Around 1860 the piped water supply from Tulsi and Vehar lakes (and later Tansa)

    was inaugurated. One reform, which met with much superstitious opposition, before

    it was implemented, was the sealing and banning the use of water from open wells

    and tanks that bred mosquitoes. A good drainage system was also constructed at the

    same time. However, several decades later, the same wells were to serve Bombay by

  • 8/7/2019 Ravi Alam Finance Project

    28/116

    providing non-potable water to supplement the same from the lakes. This was true

    especially during those years when the monsoons failed to provide sufficient water

    in the catchment areas of the lakes. However, well water is now used all over the

    city to supplement the water received from the lakes.

    The later half of the 19th century was also to see a feverish construction of buildings

    in Bombay, many of which such as, the Victoria Terminus, the General Post Office,

    Municipal Corporation, the Prince of Wales Museum, Rajabai Tower and Bombay

    University, Elphinstone College and the Cawasji Jehangir Hall, the Crawford

    Market, the Old Secretariat (Old Customs House) and the Public Works Department

    (PWD) Building, still stand today as major landmarks. The Gateway of India was

    built to commemorate the visit of king George V and Queen Mary for the Darbar at

    Delhi in 1911.

    The docks at Bombay are a monument of the industry, enterprise and integrity of the

    Wadia family, which moved in from Surat at the instigation of the British. In 1870

    the Bombay Port Trust was formed. In 1872, Jamshedji Wadia, a master ship-

    builder constructed the "Cornwalis", a frigate of 50 guns, for the East India

    Company, a success which led to several orders from the British Navy. In all the

    Wadias, between 1735-1863 built 170 war vessels for the Company, 34 man-of-war

    for the British Navy, 87 merchant vessels for private firms, and three vessels for the

    Queen of Muscat at Bombay docks.

    The Princess Dock was built in the year 1885 and the Victoria Dock and the

    Mereweather Dry Docks in 1891. Alexandra Dock was completed in 1914. The

    closing years of the 19th Century were tragic for Bombay as the bubonic plague

  • 8/7/2019 Ravi Alam Finance Project

    29/116

    caused great destruction of human life once more. One significant result of the

    plague was the creation of the City Improvement Trust, which in later years

    encouraged the development of the suburbs for residential purposes to remove the

    congestion in the city.

    As Bombay's superintendent of police in 1885, Charles Forjett was a favourite of

    the Indian people. Many wept openly when he returned to England. He sacked

    British constables who unduly harassed the locals and cracked down on the Parsi

    mafia, which was involved in the liquor business in the Falkland Road area, which

    included the famous "Play House" which the locals corrupted to "pillhouse". The

    "Pillhouse" area would acquire notoriety in later years as the infamous "cages" area

    housing Bombay's infamous red-light district.

    Lord Sandhurst governed Bombay between 1895 and 1900 and it was during his

    tenure that the Act was passed which constituted the City Improvement Trust,

    which, among other things, built the Sandhurst Road in 1910 and handed it over to

    the municipality. The Sandhurst Road railway station (upper level) was built in

    1921.

    As a result of a mysterious fire which started in one of its holds, on a very hot

    summer's day on Friday April 14, 1944, the ship "Fort Stikine" (7420 tons) blew up

    in the Bombay docks. At the time the ship was about to unload a lethal combination

    of cargo of dried fish and cotton bales (loaded from Karachi), timber, gunpowder,

    ammunition, and gold bars from London (the latter to stabilize the Indian Rupee,

    which was sagging due to the Second World War and fear of invasion from Japan).

    The gold bullion was valued at approx. two million Pounds Sterling at that time.

  • 8/7/2019 Ravi Alam Finance Project

    30/116

    Nobody is certain as to how the fire started but the two explosions, which followed,

    were so loud that windows rattled and/or shattered as far away as Dadar, a distance

    of 8 miles. The destruction in the docks and surrounding area was immense and

    several hundred-dock workers were killed instantly. A majority of brave men of the

    Bombay Fire Brigade, who answered the call to duty immediately after the first

    blast, lost their lives in the second explosion (a monument has been erected in the

    docks in their honour). The population of the city was panic stricken as rumours

    spread rapidly that the explosions signaled the commencement of hostilities by the

    Japanese on the same style as the surprise attack on Pearl Harbour in the Hawaiian

    Islands in December 1941.

    The Japanese were in fact nowhere near Bombay since they were engaged in

    fighting a losing battle with the British army in Burma at that time. Nevertheless,

    the Bombay Central (BB&CI) and Victoria Terminus (GIP) stations were packed to

    capacity with terrorized people fleeing the city in whichever train they could board

    for their villages with all belongings they could carry. At the time of the explosion,

    one of the gold bars crashed through the roof of the third floor apartment of a Parsi

    named D.C. Motivala more than a mile from the docks. He promptly returned the

    gold bar to the authorities. Almost all of the other gold bars were subsequently

    recovered from different parts of the city; the last ones to be found were hauled up

    from the bottom of the sea in the docks. However, during normal dredging

    operations carried out periodically to maintain the depth of the docking bays one or

    two gold bars were found intact sporadically as late as the 1970s and returned to the

    British government. The government took full responsibility for the disaster and

    monetary compensation was paid to citizens who made a claim for loss or damage

  • 8/7/2019 Ravi Alam Finance Project

    31/116

    to property.

    The Port Trust Railway from Ballard Pier to Wadala was opened in 1915. Along this

    railway were built grain and fuel oil depots. The kerosene oil installations were

    developed at Sewri and for petrol at Wadala. In the same year the first overhead

    transmission lines of the Tata Power Company were erected, and in 1927 the first

    electric locomotives manufactured by Metropolitan Vickers of England were put

    into service for passenger trains up to Poona and Igatpuri on the GIP railway and

    later electric multiple unit (EMUs) commuter trains ran up to Virar on the BB&CI

    railway and up to Karjat and Kasara of the GIP railway. During the Second World

    War these EMUs were joined together to form long trains, which carried troops and

    small arms and ammunition to and from Bombay to the hinterland.

    The Fort (downtown) area in Bombay derives its name from the fact that the area

    fell within the former walled city, of which only a small fragment survives as part of

    the eastern boundary wall of the St. George's Hospital. In 1813 there were 10,801

    persons living in the fort, 5,464, or nearly 50%, of them Parsis. With the growth of

    the city more people came from the Fort to such suburbs as Byculla, Parel, Malabar

    Hill, and Mazagaon. European sports clubs for cricket and other games came in to

    existence early in the 19th Century. The Bombay Gymkhana was formed in 1875

    exclusively for Europeans. Other communities followed this example, and various

    Parsi, Muslim, and Hindu gymkhanas were started nearby with fierce sports

    competitions among them being organized on a communal basis. This was opposed

    by several secular minded persons, such as the late A.F.S. Talyarkhan, and sports

    teams based on community, especially cricket teams, came to an end gradually after

    independence from British rule in 1947.

  • 8/7/2019 Ravi Alam Finance Project

    32/116

    The historic session of the All India Congress Committee began on the 7th of

    August 1942. Its venue was the Gowalia Tank Maidan, where the congress was born

    in 1885. It was at this session that the "Quit India" call was given by Mahatma

    Gandhi and other Indian National Congress leaders. The British arrested the Indian

    leaders soon afterwards but the momentum of the Quit India movement could not be

    stopped and led to the final withdrawal of the British on 15 August 1947. The last

    British troops on Indian soil left for England through the archway of the Gateway of

    India on that day. They bade farewell from where they had entered 282 years before.

    The people of Bombay, in a gesture of generosity wished them bon voyage,

    forgetting the bitter memories of the fight for independence. Today the maidan from

    where the call to "Quit India" was given is called the "August Kranti Maidan".

    After independence the Congress party led by Jawaharlal Nehru at the Center was

    swept to power in most of the Indian States, which were constituted on the basis of

    language spoken by the majority of its people. The Bombay State included the city

    as its seat of government. In 1960 the state of Bombay was split into Maharashtra

    and Gujarat states again on linguistic basis, the former retaining Bombay city as its

    capital. The Congress party continued to administer Maharashtra until 1994 when it

    was replaced by the Shiv Sena-Bharatiya Janata Party (BJP) coalition.

    With the success of the back-bay reclamation scheme in the late 1960s and early

    1970s Nariman Point became the hub of the business activity. Several offices

    shifted from the Ballard Estate to Nariman Point, which ultimately became one of

    the most expensive real estate in the world as high demand pushed prices to

  • 8/7/2019 Ravi Alam Finance Project

    33/116

    astronomical limits. Nariman Point is named after K.F. Nariman, president of the

    Bombay Provincial Congress Committee and former mayor of Bombay. Churchgate

    Street was also renamed as Veer Nariman Road after independence.

    The Stock Exchange at Bombay was established in 1875 as "The Native Share and

    Stockbrokers Association" which has evolved over the decades in to its present

    status as the premier Stock Exchange in India. It is one of the oldest in Asia having

    preceded even the Tokyo Stock Exchange, which was founded in 1878. In the early

    days the business was conducted under the shade of a banyan tree in front of the

    town hall. The tree can still be seen in the Horniman Circle Park. In 1850 the

    Companies Act was passed and that heralded the commencement of the joint stock

    companies in India. The American Civil War of 1860 helped Indians to establish

    brokerage houses in Bombay. The leading broker at the time, Premchand Roychand,

    assisted in framing conventions, ground rules and procedures for trading which are

    respected even now. He was the first Indian broker who could speak and write in

    fluent English. The exchange was established with 318 members with a fee of Re.

    1/-. This fee has gradually increased over the years and today it is an over a crore.

    In January 1899, James M. MaClean, M.P, inaugurated the Brokers Hall. After the

    First World War the Bombay Stock Exchange (BSE) was housed in an old building

    near the Town Hall. In 1928, the present plot of land was acquired surrounded by

    Dalal Street, Bombay Samachar Marg, and Hammam Street. A building was

    constructed in 1930 and occupied in December of that year.

    In 1995 the operations and dealings of the BSE were fully computerized and thus

    the famous out-cry system of share trading was replaced by screen based trading as

    in other modern stock exchanges around the world. Today Bombay is the financial

    and business capital of India. The BSE is housed in the 28-storied Phiroze

  • 8/7/2019 Ravi Alam Finance Project

    34/116

    Jeejeebhoy Towers in the same place where the old building once stood. Sir Phiroze

    Jamshedji Jeejeebhoy was the Chairman of the Exchange from 1966 till his death in

    1980. The building has been named after him since its construction commenced

    during his Chairmanship and was completed just as he passed away.

    History of Mumbai

    The city of Bombay originally consisted of seven islands called Colaba,

    Mazagaon, Old Woman's Island, Wadala, Mahim, Parel, and Matunga-Sion. This

    group of islands has been joined together by a series of reclamations. In 1534 the

    Portuguese took Bombay by force of arms from the Mohammedans. This led to the

    establishment of numerous churches, which were constructed in areas where the

    majority of people were Roman Catholics. Only one church with Portuguese-style

    facade still remains i.e. St. Andrew's church at Bandra. They named their new

    possession as "Bom Baia" which in Portuguese means "Good Bay".

    Later the islands were given to the English King Charles II in dowry on his marriage

    to Portuguese Princess Catherine of Braganza in 1662. In the year 1668 the English

    East India Company on lease from the crown acquired the islands for an annual sum

    of 10 pounds in gold. The British corrupted the Portuguese name "Bom Baia" to

    "Bombay". Seth Modi Hirji Vachha built the Zoroastrian Towers of Silence on

    Malabar hill in 1672. Sir Robert Grant governed Bombay from 1835 to 1838 and

    was responsible for the construction of a number of roads between Bombay and the

    hinterland. The Thana and Colaba Causeways were built during his tenure as well as

    the Grant Medical College.

    On Saturday 16th of April, 1853 a 21-mile long railway line, the first in India,

    http://www.aboutmumbai.com/worldb.htmhttp://www.aboutmumbai.com/worldb.htm
  • 8/7/2019 Ravi Alam Finance Project

    35/116

    between Bombay's Victoria Terminus and Thana was opened. The Great Indian

    Peninsular and the Bombay Baroda and Central India Railway were started in 1860

    and a regular service of steamers on the west coast was commenced in 1869. In

    1858, following the First War of Independence of 1857, the East India Company

    was accused of mismanagement and the islandsreverted to the British Crown. The

    later half of the 19th century was also to see a feverish construction of buildings in

    Bombay, many of which such as, the Victoria Terminus, the General Post Office,

    Municipal Corporation, the Prince of Wales Museum, Rajabai Tower and Bombay

    University, Elphinstone College and the Cawasji Jehangir Hall, the Crawford

    Market, the Old Secretariat (Old Customs House) and the Public Works Department

    (PWD) Building, still stand today as major landmarks. The Gateway of India was

    was built to commemorate the visit of king George V and Queen Mary for the

    Darbar at Delhi in 1911.

    Lord Sandhurst governed Bombay between 1895 and 1900 and it was during his

    tenure that the Act was passed which constituted the City Improvement Trust,

    which, among other things, built the Sandhurst Road in 1910 and handed it over to

    the municipality. The Sandhurst Road railway station (upper level) was built in

    1921. The Bombay Gymkhana was formed in 1875 exclusively for Europeans.

    Other communities followed this example, and various Parsi, Muslim, and Hindu

    gymkhanas were started nearby with fierce sports competitions among them being

    organized on a communal basis.

    The historic session of the All India Congress Committee began on the 7th of

    August 1942. Its venue was the Gowalia Tank Maidan, where the congress was born

  • 8/7/2019 Ravi Alam Finance Project

    36/116

    in 1885. It was at this session that the "Quit India" call was given by Mahatma

    Gandhi and other Indian National Congress leaders. The last British troops on

    Indian soil left for England through the archway of the Gateway of India on that

    day.

    After independence the Congress party led by Jawaharlal Nehru at the Center was

    swept to power in most of the Indian States, which were constituted on the basis of

    language spoken by the majority of its people. The Bombay State included the city

    as its seat of government. In 1960 the state of Bombay was split into Maharashtra

    and Gujarat states again on linguistic basis, the former retaining Bombay city as its

    capital.

    Today Bombay (Mumbai) is the financial and business capital of India. In 1858 the

    administration of the country was taken over by the Queen of England, Queen

    Victoria, from the East India Company. A viceroy was appointed to rule India in the

    name of the Queen.Bombay came under the direct rule of the British in 1861. The

    first railway line in India was started between Bombay (VT) and Thane in 1861. In

    1864, modern water supply was started in Bombay (Mumbai) and in 1885, Bombay

    was lit with gas.

    Mahatma Gandhi joining Indian Politics in 1920 was a turning point in the political

    destiny of India, which led to the Independence of India from the British rule.

    Bombay (Mumbai) had an important role to play in this event.

    Geographical Profile of Mumbai

    Mumbai spans over 437.77 sq kms in Area having a population of

    16 million. Mumbai is located at 0 Altitude i.e. at sea level. It lies between Latitude

  • 8/7/2019 Ravi Alam Finance Project

    37/116

    - 18 53' North, Longitude - 72 50' East. Mumbai has a Warm and humid Climate

    throughout the year and the Average Temperature being Day - 35 C, Night - 25 C.

    Mumbai enjoys its monsoon showers from June to September with the annual

    rainfall being 216 cms

    Mumbai earlier was made of seven islands, which are today called Colaba, Mahim,

    Mazgaon, Parel, Worli, Girgaum and Dongri.

    The people of Mumbai are commonly referred to as Mumbaikars and the languages

    that are mostly spoken are Marathi. English, Hindi, Gujarati. The Transportation

    here is one of the Best with Public Transport Local trains (western, central,

    harbour), buses, taxis and autos covering the whole of Mumbai

    Climate of mumbai

    Most of the year, Mumbai's climate is warm and humid. Between November and

    February, the skies are clear, and the temperature is cooler. From March the

    temperature becomes warm and humid till mid June, the beginning of monsoon.

    During monsoon there are torrential rains, sometimes causing the flooding of major

    roads and streets of Mumbai. The average rainfall, which is brought by the

    southwest monsoon winds in Mumbai, is 180 cms. Monsoon ends by the end of

    September. October is comparatively hot and humid.

    Mumbai Climate Bombay's Weather

    Heat, dust and sweat. That's the worst one can get, when it comes to Mumbai's

    weather. Being a coastal city, its balmy sea breeze keeps it sultry (humid) and

    warm, with the climate remaining more or less stable throughout the year.

  • 8/7/2019 Ravi Alam Finance Project

    38/116

    SUMMER

    the summer months (March till mid-June) are a combo of high temperatures and

    humidity, which can be quite an experience for those not accustomed to it. A

    marginal drop in the temperatures passes for winter in Mumbai, with the

    temperature ranging from 1 7 degrees to 30 on an average throughout the year.

    MONSOON

    The much-romanticized season of Mumbai, the 'monsoon' starts somewhere

    in June and normally lasts till Naryail Pumima or the 'Coconut Day' (usually mid-

    August, although normally the rains persist till mid-September) the day when the

    locals pray and make offerings to the- Lord of Rains or Varun. The down pour starts

    somewhere mid-June and Mumbai has its fair share of rainfall (an average of 200

    cm of rains)-than be anything but romantic for those looking for an active holiday.

    For people who love windswept seafronts and promenades, it would be the ideal

    time to visit Mumbai although movement is highly restricted and the weather could

    be a damper if you are not used to extremely sultry weathe

    Mumbai- A Melting Pot

    The total population of Mumbai is about 10 millions. It is still growing. Mumbai

    provides umpteen opportunities to realize one's dreams. Hence, people from all over

    India, belonging to different cultures come here to realize their dreams. Mumbai has

    become the melting pot of all Indian cultures. This is the reason Mumbai has a truly

    cosmopolitan population bustling with activity. Its film industry "Bollywood" also

    draws a number of youths with tinsel dreams to Mumbai. Being a major financial

  • 8/7/2019 Ravi Alam Finance Project

    39/116

    center, People from all over the world come here for business opportunities. This

    has made Mumbai a major International city.

    Culture of Mumbai

    Mumbai or Bombay has always been a multicultural and multi ethnic society. Its

    culture is a potpourri of Maharashtrian, Gujarati, Parsi and Islamic elements.

    Whether it is the Siddhi Vinayak Temple or the Parsi Tower of Silence or Haji Ali,

    all of them co-exist in this metropolis. Though in the recent past, the Shiv Sena has

    tried to give Mumbai a very Marathi identity, most still consider this the land of

    opportunity, particularly to be immortalized on celluloid.

    Choc-a-bloc with avenues of entertainment, from a stroll down Marine Drive to the

    chaos of Chowpatty, from shopping at Colaba Causeway and Linking Road to

    sipping coffee at the Apollo Bar at the Taj Mahal Hotel or having a cup of tea at the

    Irani tea stalls, Mumbai is as diverse as you can get. From the bungalows of Pali

    Hill to the chawls of Dharavi, the rich and the not so rich live together in this city

    not wrongly known as mini India

    Population:

    The population of Mumbai is 13 million. The population of India is 1,014,003,817.

    Location:

    Mumbai is located in India. 19 00 N, 72 50 E. India is located in Southern Asia,

    bordering the Arabian Sea and the Bay of Bengal, between Burma and Pakistan.

    The climate of India tends to be tropical monsoon. The averages for Mumbai are:

    Min.: 61 F (Jan) Max. 79 F (Jun)

    Local Time:

  • 8/7/2019 Ravi Alam Finance Project

    40/116

    The local time of Mumbai is Greenwhich Mountain Time +5:30, which are 13 hours

    and 30 minutes ahead of Los Angeles.

    Capital of India:

    The capital of India is New Delhi.

    National Day of India:

    Anniversary of the Proclamation of the Republic, 26 January (1950)

    Flag of India:

    The flag of India has three equal horizontal bands of orange (top), white, and green

    with a blue chakra (24-spoked wheel) centered in the white band; similar to the flag

    of Niger, which has a small orange disk centered in the white band.

    Currency:

    The currency of India is one Indian rupee (Rs).

    Place in and around Mumbai

    Bombay, today known as Mumbai, is a modern commercial city and so

    Cosmopolitan in its appearance and habits that the visitor feels at home immediately

    on arrival. Bombay is the capital of Maharashtra and gateway to this beguiling sub-

    continent. The word Bombay (Mumbai) is derived from Mumbadevi, the patron

    goddess of the Koli fisherfolk, and the oldest inhabitants of Bombay. The name

  • 8/7/2019 Ravi Alam Finance Project

    41/116

    Bombay, in its final form, dates back to the 18th century. Bombay was a cluster of

    seven islands called Heptanasia by Ptolemy in 150 A.D. Geologicaly; Bombay forms

    a part of peninsular India, which is considered to be the oldest part of the country.

    Coming by sea or air, the visitor cannot help but notice Bombay's lovely natural

    setting - far-away blue outlines of Western Ghats, the calm sea, dotted with

    picturesque fishing boats with white sails and palm fringed beaches. In contrast, on

    the outskirts, is smoke rising from a thousand suburban mill chimneys - a reminder

    that Bombay is the largest commericial city in India and second only in size to

    Calcutta

    The rains in Bombay, which are torrential at times, last from June to August

    (Monsoon Season). The two months - May and October - which come immediately

    before and after the monsoon are inclined to be humid and sticky. The period from

    November to March is extremely pleasant, light woollens being sometimes necessary

    in December and January.

    A good deal of Bombay's local color derives from the mixed nature of its population.

    Apart from the local inhabitants (Maharshtrians, Gujaratis, Parsis, Goans, Kannadis,

    and Tamils), there are thousands from other parts of India who come here to make a

    living. The different customs, languages, and even the food eaten can make a

    fascinating study

    Hanging Gardens

    The Hanging Gardens The way up to Malabar Hill from Marine

    Drive is by Walkeshwar Road and Ridge Road, where the sea recedes further and

  • 8/7/2019 Ravi Alam Finance Project

    42/116

    further until, from the top of the Sir Pherozshah Mehta Gardens and the adjoining

    Kamala Nehru Park (popularly known as the "the Hanging Gardens") the visitor has a

    panoramic view of Bombay - the bay, the imposing buildings standing out against the

    skyline, the colorful Chaupati Beach immediately below, and the faint hills in the

    distance. At night, the twinkling lights of Marine Drive have been aptly described as

    "the Queen's Necklace." Near these gardens are the Parsi Towers of Silence, (not open

    to visitors) where the dead are exposed to elements.

    ]

    Priyadarshini Park

    Priyadarshini Park A rocky wasteland near the sea has been

    reclaimed and transformed into a large park, which can only be described as a feast

    for the eyes, amidst the concrete jungle of Malabar Hill. It lies to the west of Napean

    Sea Road. Besides acting as a lung for the city, it has a large track for joggers, several

    tennis courts, a fully equipped gym, and a health club

    Mahalaksmi

    Mahalaksmi Proceeding down Malabar and Cumballa Hills, one comes to the

    Mahalakhmi Temple, where there are always crowds and the sound of gongs as

    devotees offer prayers to the Goddess of Wealth and Plenty - Mahalaksmi. Nearby is

    the Mahalaksmi Race-course, where race meetings are held on weekends and public

    holidays in the cool weather and some of India's most important races are run. To the

    left, off another fine road by the sea known as Hornby Vellard, is a 500-year old

    Muslim shrine, the Hajji Ali's Tomb, built on a rocky prominence surrounded by the

  • 8/7/2019 Ravi Alam Finance Project

    43/116

    sea. The pathway leading to it is under water at high tide.

    Haji Ali

    Honoring the Muslim saint Haji Ali this mosque was built in the middle of the

    sea with only a narrow path leading to it giving it an ethereal look. As per the Muslim

    traditions separate praying rooms for ladies and gents are provided here to pay their

    respects. It is set 500 yards into the sea and can be reached only in low tide. The Haji

    Ali mausoleum has an offshore location, opposite the Mahalakshmi racecourse.

    During high tide, the connecting causeway is submerged in water giving the

    impression that the mosque and tomb are floating out at sea in splendid isolation. This

    is The Haji Ali Dargah, the floating tomb of a wealthy Mohammedan merchant who

    renounced his worldly ways before embarking on a pilgrimage to Mecca

    Nehru Planetarium and Science Center:

    Situated at Worli, the planetarium offers the sky observations and

    astronomical shows and the science centre is an inter-active museum, where children

    can get exposure to the world of science

    Rani Jijamata Udyan (Rani Bagh)

    Rani Jijamata Udyan (Rani Bagh) also known as Victoria Gardens In the heart

    http://www.mumbainet.com/travel/nehrucen.htmhttp://www.mumbainet.com/travel/nehrucen.htm
  • 8/7/2019 Ravi Alam Finance Project

    44/116

    of the city are the Victoria Gardens, laid out in 1861. Here is Bombay's Zoo. Also,

    situated in the Gardens is the Victoria and Albert Museum, mainly of industrial and

    agricultural interest. It is open on all days except Mondays and certain holidays. In the

    grounds to the east of the museum is the giant staute of an elephant, brought

    originally from the Elephanta Caves.

    Crawford Market

    Crawford Market Crawford Market, also known as Jyotiba Phule Market,

    situated at the junction of Dadabhoy Naoroji Road and Carnac Road was built in

    1871. The main section is a covered market where vegetables, fruit, fish, meat, and

    poultry, flowers, and provisions are sold. The market is in the center of a whole

    network of lanes where the shopper can pick up almost anything

    Chor Bazaar

    Chor Bazaar Literally means "Thieve's Market". It is located near Bhendi

    Bazaar. The adventurer buyer may come across curios and quaint collector's items and

    may even chance upon a genuine antique.

  • 8/7/2019 Ravi Alam Finance Project

    45/116

    Victoria Terminus

    Victoria Terminus now renamed as Chhatrapati Shivaji Terminus Proceeding

    down Dadabhoy Naoroji Road towards Flora Fountain one passes two imposing

    buildings. On the right is the Municipal Building and on the left is Victoria Terminus

    (popularly referred to as VT), headquarters of the Central Railway. F.W. Stevens

    designed it in Italian Gothic style. The 1st train to steam out of Bombay was from

    here to Thane in 1853.

    Flora Fountain

    Flora Fountain Down the Veer Nariman Road, one comes to Flora Fountain, also

    known as Hutatma Chowk, the very hub of Bombay's busy life, which is at the

    junction of Mahatma Gandhi Road, Dadabhoy Naoroji Road and Veer Nariman Road.

    Within a radius of two miles of the Fountain are some of the most interesting

    institutions and building of Bombay - the University, the old Secretariat, and the

    famous Gateway of India. Near the fountain is the building of the High Court, the

    highest court of law in the State, which was completed in 1879 and is in the Venetian

    Gothic style characteristic of all Bombay's public buildings put up in the 19th century.

    It has two pinnacles with the statues of Justice and Mercy. Across the road, on Veer

    Nariman Road, is the Central Telegraph Office. Turning left (down a shady avenue

    adjoining a sports field known as the Oval) one comes to the old Secretariat. Built in

    1874, it is in the same style of architecture as the High Court.

  • 8/7/2019 Ravi Alam Finance Project

    46/116

    Rajabai Tower

    Adjoining the University, its architecture a mixture of Gothic and 15th

    century French style. The Rajabai Tower gives a fine view of the city. A gujarati

    businessman Premchand Roychand constructed this in the honour of his mother.

    Prince of Wales Museum

    To the left, a number of small parallel roads near the University lead to

    Wellington Fountain, named after the Duke of Wellington, who came to Bombay in

    1801 as a junior officer during his early military career. Here is one of the greates

    attractions of Bombay, the Prince of Wales Museum, built is the Indo-Saracenic style

    of architecture and having an imposing dome modelled on the architectural styles of

    Western India of the 15th and 16th centuries. The museum has important Art, Natural

    History, and Archaeological Sections besides smaller sections devoted to other

    specialized subjects. It is open daily, except on Mondays from 10 am to 6 pm.

    Jehangir Art Gallery

    In the grounds of the Museum is the modern Jehangir Art Gallery, completed in

    1952. It is frequently used for art and photographic exhibitions, where the visitor can

    get an idea of modern Indian painting and sculpture. Just outside the entrance, at the

    junction of Rampart Row and Mahatma Gandhi Road is one of the finest statues in

    Bombay, an equestrian statue of King Edward VII, by Boehm

  • 8/7/2019 Ravi Alam Finance Project

    47/116

    Gateway of India

    Past the Council Hall and towards the sea is one of Bombay's main hotel

    areas at the extreme end of which is a wide open space known as Apollo Bunder. The

    Gateway of India, erected to commemorate the landing of King George V and Queen

    Mary in 1911, dominates this. It consists of a central hall with great archways, and

    side halls, which can accommodate, 600 people. The design, by the English architect

    Witted, is based on the 16th century Gujarat style.

    Juhu Beach

    In Bombay's northern suburbs, well served by buses and trains, are big

    middle class residential localitis as well as the main industrial area. Beyond lie the

    picnic spots of Bombay, which provide a welcome break in a crowded program of

    sight seeing in the city. Of these, the most popular is Juhu, 13 miles from Bombay,

    approachable by rail (station Santa Cruz) or road. It has fine, palm-fringed beach ideal

    for bathing. Because of its proximity to the international and domestic airports (Sahar

    and Santa Cruz), Juhu has some of the famous five-star hotels like Sun N Sand, and

    Holiday Inn.

    Beyond are the attractive beaches of Marve and Manori, approximately 19 miles from

    Bombay. Manori is approached by ferry boat, available a few miles from Marve. Both

    are pleasant for bathing. Marve boasts of a 5-star resort hotel for a weekend retreat.

    On the way is Madh Beach, another favorite picnic spot. Trombay, a picturesque

    fishing village 16 miles from Bombay, has some fine scenery. Here is situated India's

    largest atomic plant.

    Powai and Vihar Lakes

  • 8/7/2019 Ravi Alam Finance Project

    48/116

    Within easy reach of Bombay by car are several picturesque lakes. Powai

    Lake, 25 miles from Bombay, is a quiet stretch of water by the side of a motor road. It

    can be approached via King's Circle, Sion, and Kurla. or through Santa Cruz and

    Andheri. Lake Powai is smaller lake of the two, and is situated a little west of the

    campus of Indian Institute of Technology (IIT), one of the premier institutions of

    science and technology in India.

    Vihar Lake, a mile away, is less secluded, as it is one of the sources of Bombay's

    water supply. The lake, incidentally, is infested with crocodiles, which often bask in

    the sun.

    Aarey Milk Colony

    The Aarey Milk Colony, situated in a part 20 miles from Bombay on the

    main Ghodbunder Road, is one of the most modern milk colonies in the world. Aarey

    is of interest, because of its natural beauty, to all besides the dairy expert and cows.

    There is an observation pavillion on a hill near the entrance to the colony from where

    one can survey an enchanting landscape, the main feature being the fine gardens laid

    out over nearly 4000 acres of parkland. A favorite spot for holiday excursions, there

    are all amenities for picnic parties. The colony's canteen serves snacks and fresh milk

    from the dairy.

    Sanjay Gandhi National Park

    Sanjay Gandhi National Park at Borivli, off the Western Express

    Highway, covers an extensive area of 5000 acres and is equipped with a number of

    beautiful picnic cottages, and is an ideal place for restful relaxation. The showpiece of

  • 8/7/2019 Ravi Alam Finance Project

    49/116

    the park is the Smriti Mandir, built high up on a hill in the pattern of a modern

    Buddhist pavillion, which commands a panoramic view of the park lying below.

    Another attraction here is the lion safari

    A small trip of four miles brings the visitor to the famous Kanheri Caves - which are

    believed to have been excavated between the 2nd and 9th centuries, by Buddhist

    monks. These are about 100 in number and Cave Nos. 3, 10, 35, and 56 are of

    considerable interest.

    Chowpati Beach

    Chowpati Beach is located between Marine Drive and Malabar Hill.

    It occupies a special place in the life of Bombay, being the venue of mass political

    meetings during the freedom struggle. Spectacular immersion of Ganesh idols takes

    the place here on the 10th day of Ganesh Festival (around first week of September).

    Taraporewala Aquarium

    Taraporewala Aquarium on Marine Drive has a good collection of sea and

    fresh water fish and other marine life. It is open on all days except Mondays

    The Stock Exchange, Mumbai

    Mumbai being the business and financial capital of India, the new Stock

    Exchange Building (officially known as JeeJeeBhoy Tower), is the hub centre of

  • 8/7/2019 Ravi Alam Finance Project

    50/116

    business

    Throughout the weekdays, people from all over keep in touch with the highs and lows

    of the BSE Sensex, which is made up of 30 scrips from various sectors of the

    economy?

    The Rajabai Tower

    The 260 feet high Rajabai Clock Tower, named after the mother of a 19th

    century stockbroker, who contributed towards its construction; is part of the Mumbai

    University complex.

    Under the clock tower is the magnificent University Library, with what are

    undoubtedly some of the most exquisite stained glass windows in Asia. These have

    recently been treated by British conservationists and restored to their pristine glory.

    The Vidhan Sabha Building

    The Vidhan Sabha building is the seat of Maharashtra Government.

    The "Jelly-Mould" shaped cupola houses the Assembly Hall and the tall tower has

    offices of various ministries.

    This is included to represent the fact that Mumbai is the capital of Maharashtra state.

  • 8/7/2019 Ravi Alam Finance Project

    51/116

    Jain temple

    Built in marble in 1904, the shrine is dedicated to Adinath, the first

    Tirthankara or apostle. The walls of the temple are adorned with colourful paintings

    depicting various incidents in the lives of the 24 tirthankaras of the Jain religion. On

    the first floor is a special shrine dedicated to Parsvanath carved out of black marble&

    the ceiling shows the different planets as personified in Hindu mythology. Inside,

    frescoes depict various events in the lives of the 24 Jain apostles or Tirthankaras;

    upstairs, a black marble shrine is beautifully decorated with celestial personifications

    of the planets, painted onto the ceiling. The place is usually filled with worshippers,

    mostly Jain stockbrokers who walk barefoot to the temple every morning, and white-

    robed monks who have renounced everything save for their begging bowls

    Mani Bhavan,

    Mani Bhavan, the building where Mahatama Gandhi stayed during his

    frequent visits to Bombay has been turned into a museum. It was the home of a

    diamond merchent and Indian National Congress member Revashankar Jhaveri.

    Gandhi's simple room remains untouched and contains his charkha (spinning wheel)

    and charpoy (rope bed). It is said that this is where the Mahatama first learnt how to

  • 8/7/2019 Ravi Alam Finance Project

    52/116

    use the spinning wheel. There is a library of Gandhian literature and a cabinet marked

    'books read by Gandhi'. The rest of the museum is devoted to photographic exhibits,

    framed letters and 3-D tableaux of key events in Gandhi's life

    Chapter 4

    Demand Quantification

    Name of the

    hotel

    Rooms Occupancy% Business

    %

    Tourist% Other%

    Grand Hyatt 350 65 55 26 19

    Intercontine

    ntal The

    280 68 44 32 24

  • 8/7/2019 Ravi Alam Finance Project

    53/116

    Grand

    Leela Palace 250 72 52 26 22

    Radisson 240 80 25 55 20

    Total 1120 235 176 179 85

    Total # of Rooms 1120Average # of Rooms = --------------------- = ----- = 280

    Total # of Hotels 4

    Average Clientele

    a) Business = 55+44+52+25 210

    ----------------- = ----- = 44%4 4

    b) Tourists = 32+26+26+55 139------------------ = ---- = 34.75%

    4 4

    24+22+19+20 85c) Other = ------------- = ---- = 21.25%

    4 4

    Estimation of Demand Supply GAP

    Y = (w - BEP) x N/100

    Where: N = Total no of Rooms

    W = Weighted Average Occupancy

    W = (N) (O) + (N) (O) + (N) (O)---------------------------------------

    N + N + N

    BEP (Occupancy %) =

    Estimation of Demand Supply GAP

    Y = (w - BEP) X N/100

    [(22750 + 19040 + 18000 +19200) 61]Y = ----------------------------------

  • 8/7/2019 Ravi Alam Finance Project

    54/116

    1120Y = (70.52 61) x11.2

    Y = 106.62

    Number of rooms that can be established without making a likely cost

    Y 106.62------ x 100 = --------- x 100 = 174.79BEP 61

    = Approximately 175 Rooms

    Chapter 5

    Target Market and Recommended Market Mix

    1. Target Market

    Proposed Target Market

    After studying the condition of other hotels in Mumbai, which are of

    various star categories, we see that they can cater to:

    Business Clients

    Tourist Clients

    Others

    Thus from above study majority are business class people. Therefore,

  • 8/7/2019 Ravi Alam Finance Project

    55/116

    the target proposed hotels will be mainly to attracted business class people and

    also we have to keep in mind for the tourist and other category like people

    who come for medical purpose etc.

    In the proposed five star hotel it will concentrate on the business class

    clientele and so it should be budget hotel so as business clientele feel worth to

    stay and enjoy facilities paid for and enjoy the standard of the hotel and hotel

    facilities for paid and can enjoy the standard of the hotel facilities as business

    centre, travel. money exchange and other facilities provided by the hotel.

    Similarly the tourist and other group can also enjoy leisure at moderate prices,

    extra facilities advantages and other packages.

    Target of Clientele

    There is rapid growth of business to tourist in India. However, since

    entrepreneur and the technology giant, Texas Instruments and discovered its

    potential as a high tech city in the early 1980s, and so such a major

    technology boom. It is now home to more than 200 high tech companies

    including home-grown giants.And the other way it is also planning to establish

    biotechnology like IT in near future consequently. Thus from all aspects we

    are targeting business class people and considering tourists and clientele so

    our target of clientele will be:

    Business

    Tourist

    Others

    There is a rapid growth of tourist in India as well as in the Mumbai.

    Increase of tourism in Mumbai is due to the increased foreign and domestic

    investment in Mumbai (especially in the fabrication, electrical, equipments,

  • 8/7/2019 Ravi Alam Finance Project

    56/116

    units).

    Mumbai is fast growing big business men, financial and technical

    collaborations, raw materials dealers and suppliers are coming to Mumbai and

    require accommodation facilities in the city. Due to the increase in the

    business sector in Mumbai there is need of opening a business hotel which can

    move the stay of these persons easier, luxuries and comfortable.

    The proposed Hotel Delhi Capital will be situated at Delhi-Jaipur

    Highway. There is a lot of scope to get permanent business, as at presently it

    is limelight due to International Airport. There is also more reasons to get

    more business is due to lack of hotels in that particular area finally due to

    these reasons the hotel will get good business.

    From Airport 1/2 Km

    Railway Station 15 Km

    Bus Station 2 Km

    Unique selling promotion by this term we refer to the service, which

    is unique and is given only in the proposed hotel compared to the survey.

    The analysis for an additional hotel in Delhi reveals that a new five star

    hotel has a market. Hence it is proposed to establish a new five star named

    Hotel Chopra Continental. By market mix we mean putting forward the

    detailed plan of the hotel proposed. It involves important functions:

    Price

    Place

    Product

    Promotion

    Physical Evidence

  • 8/7/2019 Ravi Alam Finance Project

    57/116

    Process

    Price

    By price we mean the tariff. The proposed hotel will be charging tariff

    according to the number of facilities provided in the rooms. The tariff for

    different rooms will be as following:

    Types of rooms Tariff

    Single Rooms 100

    Double Rooms 40

    Suites 21

    Total 161

    Place

    The proposed hotel Chopra Continental is going to be constructed

    Sahar International Airport Road Mumbai. Complete Activity to attract

    tourists factor and head queries.

    Product

    100 Single Rooms

    40 Double Rooms

    21 Suites

    The Annex rooms are for budget travelers. They can be sold on double

    or triple occupancy as it has a sofa cum bed to people to find the normal tariff

    quite high. Each room is centrally air conditioned with attached bath.

    Decorated in its own distinct style each room is designed to create unique

    tapestry of gorgeous color and design. Some of the other common facilities

  • 8/7/2019 Ravi Alam Finance Project

    58/116

    provided in the rooms:

    24 hour hot and cold water

    Colour television with multiple variety of channels

    Channel music

    Wall to wall carpeting

    Room service

    A mini bar

    Laundry service

    24 hour local, national and international direct dial facility fax

    machine available on request

    A port for connection of laptops

    Apart from all this complimentary fresh fruits and cookies are kept in the

    rooms.

    Promotion

    It is very important factor in the successf