With reference to the above subject, we are pleased to inform you that operations at Praveg Resort Kachigam - A premier Island Retreat in Daman have officially commenced as of today, May ....
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Praveg Limited has officially opened Praveg Resort Kachigam, an eco-luxury island retreat in Daman spread across four scenic islands and 89,500 square meters. The resort features 50 sustainable luxury cottages along with amenities including a swimming pool, spa, gym, restaurant and bar, banquet hall, and an open lawn wedding venue that can host 150–200 guests. With this launch, Praveg's total room capacity in Daman rises to 118 rooms, alongside its existing Lighthouse Beach Resort and Jampore Resort. The resort marks the company's 17th property overall and is now accepting bookings, targeting leisure travelers, destination weddings, and corporate events. The company highlighted that the addition reflects its strategy of delivering unique, eco-conscious experiences in destinations of cultural and ecological importance.
This expansion broadens Praveg's hospitality footprint and adds a new revenue-generating asset, which could support future topline growth as the property ramps up occupancy. Shareholders should monitor upcoming quarterly results to gauge booking traction and revenue contribution from the new resort.