Mahindra Holidays & Resorts Ltd plans to launch four new products in the current fiscal to boost its product offering, as the firm is adding 600 new units to its existing portfolio.

“We are launching four new products during FY11. These include a camping product (tented accommodation), a membership product for senior citizens, another for the high-income group and a deeded product. This will help us ensure that there is a product offering across different age and income segments,” stated P S Doraiswamy, Chief Financial Officer, Mahindra Holidays & Resorts Ltd.

The deeded product is a fractional ownership product of premium villas aimed at high net worth individuals in close proximity to Mahindra's existing resorts. “The total addition of room inventory that we hope to add in the current fiscal will take care of approximately 30,000 members. This is aligned to the growth in the eligible member base,” added Doraiswamy.

The company is also in the process of acquiring three properties in Gujarat and Madhya Pradesh, and the acquisitions for the same will be completed on June 30, 2010. The company is also looking at more buys across the country. “Mahindra Holidays has set a Capital Expenditure (CAPEX) of Rs 3.5 billion to Rs four billion to add rooms and apartments during the current financial year and has total room inventory of 1,476 as of March 31, 2010. However there are no plans to acquire any properties overseas at the moment,” added Doraiswamy.