https://www.taxtmi.com/news?id=70741 MGM Muthu Group acquired a 10 acre Kumbakonam estate for Rs. 40 crore and will invest Rs. 20 crore to convert it into MGM Paradise Kumbakonam, opening mid April 2026. The resort will open in two phases-initially 50 keys with dining and leisure facilities, later expanding to 100 rooms-featuring Chettinad inspired design, event and cultural venues, and amenities. The project highlights local employment, regional supplier partnerships, and sustainable tourism commitments as core elements of the Group's expansion. en-us Tue, 10 Feb 2026 12:31:04 +0530 Tue, 10 Feb 2026 12:31:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=70741 MGM Muthu Group acquired a 10 acre Kumbakonam estate for Rs. 40 crore and will invest Rs. 20 crore to convert it into MGM Paradise Kumbakonam, opening mid April 2026. The resort will open in two phases-initially 50 keys with dining and leisure facilities, later expanding to 100 rooms-featuring Chettinad inspired design, event and cultural venues, and amenities. The project highlights local employment, regional supplier partnerships, and sustainable tourism commitments as core elements of the Group's expansion. News - Tue, 10 Feb 2026 12:31:04 +0530 https://www.taxtmi.com/news?id=70741