MOHALI, October 22, 2026: Mohali’s hospitality sector is set for another branded hotel development after TDI Infratech signed an agreement with Sarovar Hotels to establish a 72-room Sarovar Portico at Crescent, a proposed commercial and hospitality project within TDI Smart City.
The partnership, announced on October 21, adds a hotel component to a mixed-use project aimed at business and leisure travellers across Mohali and the wider Chandigarh Tricity. The property is expected to open in 2029; it is not yet operational. Indian Retailer reported the agreement.
Sarovar Portico Mohali: project details
- Hotel brand: Sarovar Portico
- Location: Crescent at TDI Smart City, Mohali
- Planned accommodation: 72 rooms
- Target opening: 2029
- Wider development: approximately 140,000 sq ft of built-up area
- Building plan: ground plus eight floors, with 100 units across the mixed-use development
What facilities are planned at the new Mohali hotel?
The proposed hotel amenities include an all-day dining outlet, banqueting facilities, a gym, swimming pool and spa. These are part of the announced plan and remain subject to development and operational timelines.
Why the TDI–Sarovar agreement matters for Mohali
Mohali has been attracting commercial activity, residential development and visitors linked to business, education and regional travel. A branded hotel within a mixed-use project could add accommodation and event space while supporting nearby retail and service businesses. The announcement does not specify construction completion milestones or employment numbers.
Who signed the partnership?
The agreement was announced in the presence of Ajay K. Bakaya, Chairman of Sarovar Hotels, and Akshay Taneja, Managing Director of TDI Infratech. The companies plan to combine TDI’s real estate development with Sarovar’s hospitality operations.
Frequently asked questions
Where will the Sarovar Portico hotel be located?
At the Crescent commercial and hospitality project in TDI Smart City, Mohali.
How many rooms will the hotel have?
The announced plan calls for 72 rooms.
When is Sarovar Portico Mohali expected to open?
The developers have indicated 2029 as the expected opening year; this is a target rather than a confirmed launch date.
Editorial photo note: The featured photograph is a representative hotel image, not a photograph or architectural rendering of the proposed Sarovar Portico property. Photo: Duc Van / Unsplash.
Source: Indian Retailer, October 21, 2026.