Indian real estate developer Assotech Realty has entered a partnership with Atmosphere Core to develop a hospitality project in Shirdi, Maharashtra, with an estimated investment of Rs2bn ($21.6m).
The project will comprise 160 suites, each measuring 45m².
Atmosphere Core will oversee the operation and management of the all-suite property when completed.
The agreement marks Assotech Realty's first hospitality venture in Shirdi.
The property is intended to accommodate visitors to the temple town, including pilgrims, leisure travellers and destination tourists.
According to the companies, ongoing improvements in infrastructure and connectivity are supporting the transformation of temple towns such as Shirdi into structured tourism locations.
Atmosphere Core currently operates nine resorts in the Maldives and is pursuing expansion across Bhutan, India, Nepal and Sri Lanka. Its portfolio also includes a heritage hotel scheduled to open in Italy.
Atmosphere Core co-founder and managing director Salil Panigrahi said: “Our collaboration with Assotech allows us to bring our hospitality expertise to a location that sees year-round demand and immense cultural significance.
“The project is envisioned as a welcoming retreat that blends warm hospitality with the serenity associated with Shirdi, while also contributing to the town’s growing reputation as a destination that offers both spiritual depth and contemporary travel experiences.”
Assotech Realty's managing director Neeraj Gulati said: “Our collaboration with Atmosphere Core reflects our belief that spiritual destinations deserve thoughtfully designed hospitality experiences that respect their cultural essence while meeting modern traveller expectations.
“This project is not merely about adding rooms to the city’s inventory; it is about contributing to Shirdi’s next phase of growth as a holistic tourism hub that supports pilgrims, families and experiential travellers.
“We are developing an all-suite property with comfortable accommodations to meet the demand of new-generation devotees.”
