A father of three, Mr Lalvani plans to name the island Zoran, after his youngest son. The project is still in the very early stages. An Australian consulting firm has been hired to survey the proposed project site, about three kilometres off the Royal Phuket Marina, on the east coast of Phuket. The estimated cost of the project, which would have a hotel, luxury villas and berths for superyachts, was not revealed.
“We will [soon] have to dredge the current waterway [into Royal Phuket Marina
and the neighbouring Boat Lagoon marina]. We will be left with a large amount of
dredged material, which needs to be put somewhere. We can make use of it by
turning it into an island. We can use it to build Zoran Island.”
Gulu Lalvani is the founder and chairman of Binatone, the world’s second-largest manufacturer of digital cordless phones, after Germany’s Siemens. Mr Lalvani and his family are estimated to have a combined personal worth of GBP 450 million.
source reference : property focus, phuket.com