prateek kithania

The project also reflects the Kithania family’s vision for the real-estate sector, which mirrors border trends in India’s hospitality sector, where smart planning and strategic location are becoming key differentiators. The family’s commitment towards unlocking the potential of one of India’s busiest highways highlights how regional development can benefit from infrastructure assets.

Kithania’srecent development in the real estate sector

P.D. Hospitality Services Private Limited has recently unveiled its prime commercial opportunity in Murthal’s Iconic NH-1 Corridor. This 4-acre highway property lies in India’s legacy Paratha Belt and is going to be one of the biggest commercial properties in India. It is currently looking for hotel and banquet partners. This real estate company was founded by Manoj and Prateek Kithania, the major investors in some of India’s prime projects.

In order to ensure smooth proceedings of the project, Manoj Kithania led end-to-end land acquisition in Sonipat, including due diligence, negotiations, and registration. He obtained Change of Land Use (CLU) and all statutory approvals by coordinating with DTCP, local authorities, and consultants. Other than that, he managed planning, contractor selection, construction execution, and on-ground operations through project completion. He also oversaw budgeting, timelines, compliance, and post-construction operational setup and ensured compliance with zoning, environmental, fire, and utility regulations.

Prateek Kithania also took up several steps towards ensuring that the project was a grand success. He led leasing and revenue strategy in coordination with brokers; integrated tenant requirements into design and construction phases. He also managed construction and commercial operations to ensure timely delivery and lease commencement. He also built project-level financials, supported equity structuring, and coordinated with lease/investors using lease-backed cash flows. He also originated commercial development opportunity through market outreach, broker engagement, and tenant targeting.

Why build up a commercial property in the Murthalregion?

Now you might be wondering why the Kithania familyis so eager to invest in a property in the Murthal region. Well, there are quite a lot of reasons for the same. Murthal is one of the busiest locations in India. It experiences 50,000+ vehicles daily. During weekends, the traffic exceeds 75,000. The region also lies in synergies with some of the most popular dhabas: Sukhdev, Amrik Sukhdev, Haveli, etc. It is also just 90 minutes from Delhi. This makes it a prime getaway for the NCR region.

As mentioned by Manoj Kithania, who is also the director of P.D. Hospitality, this property also offers excellent access to highway travellers, local shoppers, and food tourists in India’s iconic highway economy. It also has multiple developments around it. The company is already in advanced talks with QSR and hotel chains, which are looking forward to capitalising on Murthal’s 24/7 economy. This will serve as an excellent opportunity to make the most of India’s busiest highway ecosystem.

An overview of P.D. Hospitality Private Limited

P.D. Hospitality Private Limited was founded in 2013 by Manoj Kithania, who is a prominent member of the Kithania family. The Kithania family happens to be one of the most powerful families in the Indian business sector. With its extraordinary ventures, the family has already brought about significant growth to India’s business sector. It plans to do the same with P.D Hospitality and transform India’s economic landscape.

The company mainly specialises in highway commercial development. The company is mainly focused on combining culinary tourism with premium retail and hospitality. The company plans to continue to bring about significant development to India’s commercial sector and directly contribute to India’s growing economy.

In Conclusion

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