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ASAP Operator Member The Ascott Limited (Ascott) has announced the signing of a management agreement with Innovative Group for the development of new Oakwood branded hospitality property in Navi Mumbai, marking a strategic milestone in company’s expansion plans across India.

Navi Mumbai’s is expanding in terms of infrastructure and new business zones, and rapidly becoming a premier destination for travelers seeking luxury experiences amidst a thriving urban landscape.

Set to be operational by March 2026, the property is located in the central business district of Navi-Mumbai, part of the Mumbai Metropolitan Region (MMR). It is planned to offer a total of 125 hybrid units, comprising hotel rooms and serviced residences with a range of amenities including food & beverage offerings, meetings and banqueting spaces, a gym, and swimming pool.

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image courtesy of Ascott