Panoramic Universal Ltd has informed BSE that the Company has acquired Rishi Garden Resort at Panvel near Mumbai. It is a perfect weekend get away from Mumbai with a water park. The resort is spread over 15 acres of land consisting of 25 cottages and a conference hall. It has been a favorite destination for MICE, Corporate Picnic and family get-togethers. The resort shall be renamed as “Panoramic Resort”.

The resort is ideally located on Goa Alibaug highway and is a few kilometers away from the Maha Mumbai SEZ as well as the proposed new international airport at Kopra-Panvel area.