The Mantis Group has entered into a joint venture with Mumbai-based ICS property group.

The new joint venture, named ‘Ayana’, will address the untapped opportunity in the boutique luxury segment of the market in the Indian subcontinent and south-east Asia, and focus on providing hospitality services to high-end boutique hotels and lodges, primarily in nature destinations.

The first project is a 10-room luxury safari lodge at Pench National Park in Southern Madhya Pradesh, India, which is expected to be operational by next year. By developing the lodge, ICS intends establishing a successful model for ecotourism by providing a meaningful and unique experience to guests while ensuring the protection of India's spectacular wildlife and natural heritage.  

“The luxury boutique segment in India is at a nascent stage and there is immense potential in the sector. The tourism industry in India is developing and evolving as the country witnesses a steady increase in inbound international travellers. We believe this is the most opportune time to make our foray in to the hospitality sector and are delighted to have an experienced and globally reputed partner in Mantis,” said Kunal Premnarayen, Group CEO of ICS Realty.