India insurance magnate Analjit Singh to become hotelier, buys Delhi tower

NEW DELHI Analjit Singh, chairman of insurance and healthcare conglomerate Max India, is planning to launch his own hotel brand and has purchased a 500,000-sq.-ft. tower at the Delhi One development.

Singh’s project, to be developed in conjunction with The 3C Co., will be under his personal investment purview and will not be directly associated with Max India, according to The Economic Times. He plans to eventually launch the hotel as a multi-property brand, although few details about the project have been made public.

Singh owns about 4% of EIH Ltd., the hotel management arm of The Oberoi Group. A 5-star hotel is under development in Dehradun, India, between Singh and EIH, but the newspaper says EIH’s involvement in that project may be ending.

Four Seasons Hotels and Resorts has already signed on to manage a hotel at Delhi One, a mixed-used development composed of hospitality, retail, residential, entertainment and commercial space.

A rendering of the Delhi One complex
A rendering of the Delhi One complex