This project envisions the creation of 200 luxury tents on Thinnakara Island and 150 on Bangaram Island, including amenities such as scuba diving, destination weddings, corporate events, private gatherings, a health and wellness centre, children’s play area, and a coffee shop among others.

The initial term of the project spans five years, with the possibility of a two year extension.

Praveg is engaged in business of providing services of Advertising, Hospitality, Management and organization of Events and Exhibitions. Praveg is a pioneer in eco-responsible luxury hospitality.

The company’s consolidated net profit declined 29.93% to Rs 8.10 crore despite of 16.52% increase in revenue from operations stood to Rs 33.07 crore in Q3 FY24 over Q3 FY23.