The hotel will be located in Outer Banks of Mumbai.
The hotel is set to open by the end of March.
This will be the second hotel of its kind in Mumbai.
Apart from the hotel, the hotel will also have a gym, gymnasium, restaurant and a library.
It is expected that it will offer free wi-fi to visitors to enhance the hotel’s appeal to visitors.
The development is expected to attract around 5,000 guests a day.
The Mumbai Tourism Development Authority has also assured the city’s residents that the hotel is not a tourist attraction.