<h1>IHCL Announces 2,500 Crore Investment for New Taj Bandstand Hotel, Creating 8,000 Jobs in Mumbai</h1> Indian Hotels Company Limited (IHCL), part of the Tata Group, announced a Rs 2,500 crore investment to develop a new 330-room property, 'Taj Bandstand,' in Mumbai. Construction is set to begin this year and is expected to take over three years, creating direct employment for 1,000 people and indirect employment for over 7,000. The new hotel will be built on a two-acre site previously occupied by the Sea Rock Hotel, a 1993 bombing site. IHCL has obtained most necessary permissions, with a few minor ones pending. The company aims to create a micro-destination in Mumbai with over 800 combined rooms.