Indian Hotel Company (IHCL), the hospitality arm of Tata Group and the Taj hotels parent, will invest up to Rs 7,500 crore in capital expenditure over the next five years, chairman N Chandrasekaran told shareholders at the company's 125th annual general meeting on June 30. We are still in the final stages of finalising design for the upcoming Taj Bandstand put expenditure on the property, which will have over 500 rooms, will be around Rs 2,000 crore. Over the next five years, the company will spend between Rs 5,000-7,500 crore in capex," Chandrasekaran said.